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Germany must build fiscal reserves for next crisis – Scholz

By Christian Kraemer and Michael Nienaber BERLIN (Reuters) -The coronavirus pandemic is the first big challenge for Germany’s new government and Berlin must create fiscal reserves to be prepared for the next crisis, Chancellor Olaf Scholz from the centre-left Social Democrats said on Thursday. Scholz’s three-way ruling coalition with the pro-spending Greens and fiscally more …

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Analysis-Flawed market reform leaves energy consumers with less choice

By Susanna Twidale and Nina Chestney LONDON (Reuters) – High gas and power prices have driven energy retailers to the wall in many countries in a blow to market liberalisation efforts, leaving consumers with higher bills, a smaller pool of suppliers and calls for market reform. The number of companies supplying gas and electricity to …

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WHO warns against vaccine hoarding as poorer countries go without

By Stephanie Nebehay and Josephine Mason GENEVA (Reuters) – The World Health Organization warned wealthy countries on Thursday against hoarding COVID-19 vaccines for booster shots as they try to fight off the new Omicron variant, threatening supplies to poorer countries where inoculation rates are low. Many Western nations have been rolling out boosters, targeting the …

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“It was busy”: Danish PM defends mink cull oversight

By Nikolaj Skydsgaard COPENHAGEN (Reuters) -Prime Minister Mette Frederiksen on Thursday defended her government’s decision to cull all mink in Denmark last year, despite lacking the legal basis to do so, and said the oversight happened because “it was busy”. In efforts to forestall the spread of a mutated variant of the coronavirus, the government …

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WHO warns against vaccine hoarding as poorer countries go without

By Stephanie Nebehay and Josephine Mason GENEVA (Reuters) -The World Health Organization warned wealthy countries on Thursday against hoarding COVID-19 vaccines for booster shots as they try to fight off the new Omicron variant, threatening supplies to poorer countries where inoculation rates are low. Many Western nations have been rolling out boosters, targeting the elderly …

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Investor group faults new Exxon board members on climate transition plan

By Svea Herbst-Bayliss NEW YORK (Reuters) -A coalition of Exxon Mobil Corp <XOM.N> investors wants the oil company to replace its chief executive officer and move more aggressively to slash greenhouse gas emissions, saying its newly appointed board members and management team have not done enough to transition to clean energy or overhaul spending. Six …

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North Cameroon violence between farmers, herders kills 22; residents flee

By Josiane Kouagheu and Mahamat Ramadane DOUALA/N’DJAMENA (Reuters) -A resurgence of tit-for-tat violence between herders and farmers has killed at least 22 people and injured more than 30 others this week in Cameroon’s Far North region, a regional government official said on Thursday, prompting residents to flee to Chad. “We are in a full-on inter-community …

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Volkswagen prepares battery division for capital markets – CEO

FRANKFURT (Reuters) – Volkswagen is readying its battery unit for a partial sale or listing and has agreed to convert it into a so-called European company, or Societas Europaea, to provide the conditions for such a move, CEO Herbert Diess said. Diess, speaking after the carmaker provided details on its new five-year investment plan, said …

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