French bonds, stocks take a breather after government collapse but uncertainty remains

By Yoruk Bahceli and Amanda Cooper LONDON (Reuters) -The risk premium on French bonds dropped and bank stocks rallied on Thursday after a widely expected no-confidence vote toppled Prime Minister Michel Barnier’s government, with focus turning to what a new government might look like. Barnier resigned and President Emmanuel Macron is hunting for a new …

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Turkish antitrust authority ends Meta probe over Threads data-sharing

ISTANBUL (Reuters) – Turkey’s competition board said on Thursday that it has decided to terminate an investigation of Meta Platforms regarding data-sharing between social media platforms Threads and Instagram. Commitments presented by the company to address competition concerns are sufficient and hence the authority decided to end the investigation, it said in a statement. As …

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Safran CEO says French crisis creates uncertainty, defence budget at risk

PARIS (Reuters) – The fall of the French government has created political and economic uncertainty that can sap investor confidence, the head of partially state-owned Safran said on Thursday. “Obviously it creates political and economic uncertainty, that’s clear. It’s a situation that investors – whether financial, economic or industrial – don’t like,” CEO Olivier Andries …

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Korean party spokesperson who grappled with martial law soldier insists she is not special

By Jisoo Kim and Daewoung Kim SEOUL (Reuters) – A South Korean party spokesperson seen grappling with a rifle-wielding soldier in a video that went viral as a symbol of defiance against martial law insisted on Thursday that she was not especially brave. President Yoon Suk Yeol was forced to abandon his declaration of martial …

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Kroger tops sales estimates on higher demand for fresh, cheaper groceries

By Ananya Mariam Rajesh (Reuters) -Kroger topped quarterly same-store sales expectations on Thursday, benefiting from a surge in customers shopping for its lower priced and freshly sourced groceries at its stores and online. The U.S. grocer, which competes with retail giants such as Walmart and Amazon.com, has been ramping up its e-commerce investments to keep …

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Southwest Airlines, American lift forecasts as holiday travel takes off

By Nathan Gomes and Utkarsh Shetti (Reuters) – U.S. carriers Southwest Airlines and American Airlines lifted their fourth-quarter forecasts on Thursday, betting on buoyant domestic travel demand during the holiday season and improved pricing. Shares of the airlines rose in morning trading and lifted their peers, with the S&P 1500 airlines sub-index hitting its highest …

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Russian Railways to cut spending by around 40% in 2025, says finance chief

(Reuters) – Russian Railways, a key cog in Russia’s industrial machine, may substantially cut its spending next year by around 40% compared to 2024, the Interfax news agency quoted the company’s finance chief Tatiana Orlova as saying on Thursday.  Russian Railways is one of several firms struggling with Russia’s high interest rate burden. The company …

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Fraport to sell stake in St. Petersburg airport to Middle Eastern investor

(Reuters) – German airport operator Fraport on Thursday said it is close to completing the sale of its 25% stake in St. Petersburg airport Pulkovo to Middle East-based investor Orbit Aviation LLC. The proceeds from the deal, which according to Fraport are in the mid-double-digit million euro range, will be used to reduce debt. Fraport …

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