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Exclusive-Credit Agricole discussed terms of possible BPM deal with Italy govt

By Giuseppe Fonte and Valentina Za ROME (Reuters) -Representatives of Credit Agricole have discussed with Italian government officials in recent weeks the conditions for a possible tie-up between the French bank’s Italian unit and Banco BPM, two people close to the matter said. Credit Agricole executives met with the Rome officials after the bank sought …

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Boeing focuses on recovery, but watching market for new single-aisle jet

By Dan Catchpole SEATTLE (Reuters) -Boeing said it is focused on the company’s recovery, amid news reports of the U.S. planemaker developing a new single-aisle jet to succeed its best-selling jet, the 737 MAX.  “Our teams continue to be focused on our recovery plan, including delivering on our existing backlog of nearly 6,000 commercial airplanes …

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Bank of England’s Mann says high UK inflation has become persistent

By William Schomberg LONDON (Reuters) -Bank of England interest rate-setter Catherine Mann said on Tuesday she thought Britain’s inflation rate had become persistently high – although that did not mean further interest rate cuts were completely off the table. “For those of you who might have read the August Monetary Policy Report … there was …

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Exclusive-Australia offers to sell shares in critical minerals reserve to allies, sources say

By Julia Payne BRUSSELS (Reuters) -Australia is willing to sell shares in its new strategic reserve of critical minerals to allies including Britain, two sources familiar with the matter told Reuters, as Western governments scramble to end their reliance on China for rare earths and minor metals. Critical minerals such as lithium are essential to …

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Factbox-Global energy layoffs deepen in 2025 as crude prices weaken, M&A deals surge

(Reuters) -Global energy majors and related companies plan to slash more jobs in 2025, after cutting thousands last year, as the industry navigates weaker crude oil prices and a rapid consolidation. Benchmark Brent crude futures are down about 10.5% year-to-date, impacted by increased OPEC+ output and persistent demand uncertainty tied to the U.S. trade policy. …

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Russia declares partial diesel export ban until year-end, extends gasoline ban

MOSCOW (Reuters) -Russia has imposed a partial ban on diesel exports and extended an existing gasoline export ban until the end of the year, the government said on Tuesday. Russia is facing fuel shortages after a spate of Ukrainian attacks on its refineries.  The measures were expected, as Deputy Prime Minister Alexander Novak had given …

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UK’s Starmer says firm and fair decisions needed to control debt

LONDON (Reuters) -Britain’s Prime Minister Keir Starmer said on Tuesday that firm and fair decisions were needed to bring national debt under control, warning that unfunded pledges could put the economy at risk. “A world as volatile as ours, that’s dangerous,” Starmer said in a speech during the Labour Party conference in Liverpool. “It demands …

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Factbox-Five things to know about Spotify’s new co-CEOs

(Reuters) -Spotify’s founder-CEO Daniel Ek will become executive chairman in January, the Swedish music streaming company said on Tuesday as it named longtime executives Gustav Soderstrom and Alex Norstrom as co-CEOs. Ek, who has served on Spotify’s board since 2008, will focus on capital allocation and long-term strategy in what the company called a European-style …

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Global currency trading closing in on $10 trillion a day

By Alun John and Marc Jones LONDON (Reuters) -Global currency trading volumes soared to a record $9.6 trillion a day in April as Donald Trump’s ‘Liberation Day’ U.S. trade tariff blitz triggered widespread market volatility, the world’s most comprehensive FX market survey showed on Tuesday. The Bank for International Settlements survey, conducted every three years, …

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