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South African rand falls after PMI shows business decline

JOHANNESBURG (Reuters) -The South African rand fell against the dollar on Friday, after the release of a whole-economy survey that showed business activity shrinking in Africa’s most industrialised economy. By 1548 GMT, the rand was trading at 17.4000 against the dollar, down 1.77% from its previous close of 17.0975. S&P Global’s South Africa Purchasing Managers …

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Air raid sirens sound in Kyiv during visit by European leaders

By Tom Balmforth and Dan Peleschuk KYIV (Reuters) -Air raid sirens sounded across Ukraine on Friday as President Volodymyr Zelenskiy hosted European Union leaders to discuss further sanctions on Russia and Ukraine’s prospects of joining the European bloc. The head of the EU’s executive commission and the chairman of the 27 EU national leaders travelled …

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Toyota supplier Denso cuts full-year operating profit forecast

TOKYO (Reuters) – Japan’s Denso Corp, a leading supplier to Toyota Motor Corp, on Friday slashed its annual operating profit forecast by 12.5% as it warned a chip shortage could cause auto production cuts, missing analysts’ estimates. The company, a major manufacturer of automotive parts and chips, lowered its full-year operating profit forecast to 420 …

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Afghan women prosecutors once seen as symbols of democracy find asylum in Spain

MADRID (Reuters) – Pushing her son on a swing at a playground on a sunny winter’s day in Madrid, former Afghan prosecutor Obaida Sharar expresses relief that she found asylum in Spain after fleeing Afghanistan shortly after the Taliban took over. Sharar, who arrived in Madrid with her family, is one of 19 female prosecutors …

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Adani’s market losses top $100 billion as crisis shockwaves spread

By Aftab Ahmed, Chris Thomas and Aditya Kalra NEW DELHI/MUMBAI (Reuters) – Adani’s market losses swelled above $100 billion on Thursday, sparking worries about a potential systemic impact a day after the Indian group’s flagship firm abandoned its $2.5 billion stock offering. Another challenge for Adani on Thursday came when S&P Dow Jones Indices said …

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