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Ship carrying first Ukraine grain cargo docks in Syria’s Tartous – shipping source

BEIRUT (Reuters) -The first ship to depart Ukraine under a deal to resume grain exports from the country two weeks ago docked in the Syrian port city of Tartous on Tuesday, according to a shipping source and satellite data. The Sierra Leone-flagged Razoni set sail from Ukraine’s Odesa port on Aug. 1 under a hard-won …

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Analysis-Ben & Jerry’s Unilever fight shows risks of ceding control

By Richa Naidu and Ross Kerber LONDON/BOSTON (Reuters) – Ben & Jerry’s legal battle with Unilever sheds light on an issue affecting a growing number of purpose-led brands: how to maintain their identity after being bought by a major consumer company. Multinational consumer groups have raced to snap up socially conscious brands in recent years, …

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German investor morale dips on inflation angst, energy woes

BERLIN (Reuters) – German investor sentiment fell slightly in August on concerns that the rising cost of living will hit private consumption in Europe’s largest economy, which is on the brink of recession. The ZEW economic research institute said on Tuesday its economic sentiment index fell to -55.3 points from -53.8 in July. A Reuters …

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Watches of Switzerland more cautious after strong first quarter

By Silke Koltrowitz ZURICH (Reuters) – Luxury watch retailer Watches of Switzerland expects a potentially more challenging trading environment in the second half of its current financial year, it said on Tuesday, as tough economic conditions impact spending patterns. “We’re not really worried because so much of our business is driven by the supply,” Chief …

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European stocks rally for fifth day as defensives, miners climb

By Sruthi Shankar (Reuters) -European shares extended gains for a fifth straight session on Tuesday, buoyed by defensive sectors and miners, although concerns over a potential recession limited further upside. The continent-wide STOXX 600 index rose 0.4%, hitting a fresh 10-week high after recouping much of its June losses this week. Miners jumped 1.6% to …

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Pandora shares fall on disappointing U.S. sales

By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Jewellery maker Pandora on Tuesday reported disappointing second-quarter sales in the U.S. market, prompting its shares to fall, but reaffirmed its annual forecast, saying higher costs of living had not impacted jewellery buying. Shares in Pandora, the world’s largest mass-market jewellery brand with more than 6,400 stores worldwide, fell …

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UK’s hot labour market cools and inflation eats pay

By William Schomberg and David Milliken LONDON (Reuters) -Britain’s super-hot labour market showed signs of cooling in official data published on Tuesday, as businesses became more cautious about hiring and workers suffered a record fall in their basic wages when adjusted for soaring inflation. The unemployment rate of 3.8% in the three months to June …

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