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Exclusive-Russia’s western port oil exports up 25% after drone attacks

1 Oct 2025

MOSCOW (Reuters) -Russia boosted oil exports via its western ports by 25% in September versus August, according to three trading sources, as refinery outages caused by Ukrainian drone attacks freed up more crude. September exports via the western ports of Primorsk, Ust-Luga and Novorossiisk rose to 2.5 million barrels per day (bpd), the sources said. …

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Tesla’s sales rise in parts of Europe, faces mounting pressure from rivals

1 Oct 2025

By Nick Carey and Jesus Calero LONDON (Reuters) -Tesla’s sales rose in several European markets in September, including France and Denmark, driven by its updated Model Y, but analysts say the automaker risks losing ground as competition intensifies and its ageing lineup remains unchanged. The U.S. electric vehicle maker showed continued growth in Norway and …

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Saipem CEO does not see regulatory risks for merger with Subsea7

1 Oct 2025

MILAN (Reuters) -Saipem does not see regulatory risks for its planned merger with Norwegian rival Subsea7, the CEO of the Italian energy contractor said on Wednesday, shrugging off concerns about potential hurdles in the Brazilian market. “We firmly believe that there is no reduction in competition, but rather a better offering, and that the creation …

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UK makes new attempt to access Apple cloud data, FT reports

1 Oct 2025

LONDON (Reuters) -The British government has issued a new order to Apple to create a backdoor into its cloud storage service, this time targeting only British users’ data, the Financial Times reported on Wednesday. Britain dropped a mandate for the iPhone maker to provide a backdoor that would have enabled access to the protected encrypted …

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Billionaire-backed bitcoin firm OranjeBTC to begin trading at Brazilian exchange

1 Oct 2025

By Gabriel Araujo and Luciana Magalhaes SAO PAULO (Reuters) -Brazilian cryptocurrency firm OranjeBTC is scheduled to begin trading on the local stock exchange B3 next week as it tries to challenge the dominance of fintech Meliuz, the first listed firm to have a bitcoin treasury strategy in the country. OranjeBTC’s goal is to attract more …

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US government shutdown negative for credit rating, Europe’s Scope warns

1 Oct 2025

LONDON (Reuters) -European rating agency Scope has said that the shutdown of the U.S. government is another negative for the country’s downgrade-threatened credit score. Scope, which currently rates the U.S. ‘AA’ with a ‘negative outlook’, said it showed deepening political polarisation in the world’s largest economy and also comes amid mounting worries about President Donald …

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Euro zone inflation picks up, bolstering ECB’s case for staying on hold

1 Oct 2025

By Balazs Koranyi FRANKFURT (Reuters) -Euro zone inflation accelerated last month on higher services prices and a smaller decline in energy costs, likely reinforcing bets on the ECB keeping interest rates on hold for some time. Inflation in the 20 nations sharing the euro picked up to 2.2% in September from 2.0% in August, in …

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Widely-used stablecoins need to be regulated like money, BoE’s Bailey says

1 Oct 2025

LONDON (Reuters) -Any stablecoin that becomes widely used as a means of payment in Britain needs to be regulated like money in a standard bank, Bank of England Governor Andrew Bailey said on Wednesday, meaning it would need depositor protections and access to BoE reserve facilities. The comments made in an article in the Financial Times …

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