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Amazon faces renewed pressure from UK lawmakers over warehouse conditions

By Martin Coulter LONDON (Reuters) -UK lawmakers have called on Amazon to clarify comments made by a senior executive at a recent parliamentary hearing, after an advocacy group accused him of providing “misleading” evidence concerning the company’s treatment of warehouse workers. An Amazon spokesperson told Reuters the company strongly denied the executive – European policy …

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Egypt’s headline inflation accelerates to 21.3% in December

CAIRO (Reuters) -Egyptian annual urban consumer inflation in December rose to 21.3%, the highest since the end of 2017, exceeding analyst expectations, data from the statistics agency CAPMAS showed on Tuesday. The rise from 18.7% in November followed a currency devaluation in October and restrictions on imports. It is likely to increase pressure on the …

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Protesting Tesla China buyers vow more pressure over price cuts they missed

SHANGHAI (Reuters) – Dozens of Telsa owners protested at a delivery centre in Shanghai on Tuesday, vowing to raise pressure on the electric car maker after it declined to offer them rebates on price cuts the U.S. firm made last week and that they missed out on. Similar protests by Tesla owners have sprung up …

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Guyana seeks Indian investment in its hydrocarbon sector -Indian official

NEW DELHI (Reuters) -Guyana wants Indian companies to invest in its oil and gas sector as the South American nation aims to expand its nascent energy sector, a senior Indian foreign ministry official said on Tuesday. Guyana’s President Mohamed Irfaan Ali and Suriname’s President Chandrikapersad “Chan” Santokhi, who are visiting India, held discussions on Monday …

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Italian, Japanese leaders agree to form “strategic partnership”

ROME (Reuters) – Italian Prime Minister Giorgia Meloni and her Japanese counterpart Fumio Kishida agreed at a meeting on Tuesday to strengthen ties in a range of spheres including the economy, trade and defence, the leaders said. “We have agreed to elevate our relations to the level of a strategic partnership,” Meloni told reporters in …

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LME to decide nickel reforms by end of first quarter

By Pratima Desai and Eric Onstad LONDON (Reuters) – The London Metal Exchange (LME) said on Tuesday it will set out by the end of the first quarter how it will deliver on the recommendations of an independent report into the nickel crisis last year. Months after turbulence highlighted shortcomings in LME oversight, the nickel …

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Flood, mudslide threats prompt evacuations along California coast

By Erica Urech and Steve Gorman MONTECITO, Calif. (Reuters) -The latest in a string of Pacific storms blamed for at least 12 deaths soaked California on Monday, prompting evacuations of some 25,000 people, including the entire town of Montecito and nearby areas of the Santa Barbara coast, due to heightened flood and mudslide risks. The …

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France to unveil pension overhaul in test for Macron

By Caroline Pailliez and Leigh Thomas PARIS (Reuters) -The French government on Tuesday will outline its reform of France’s Byzantine pension system, a deeply unpopular move that risks mass strikes and will test president Emmanuel Macron’s ability to deliver change in his second term. Macron has said the French must work longer to balance the …

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Russia throws forces into assault on Ukraine’s Soledar, stepping stone in Donbas campaign

By Dan Peleschuk and Tom Balmforth KYIV (Reuters) -Ukrainian forces are facing waves of assaults by Russian forces on the small salt-mining town of Soledar, Kyiv officials said on Tuesday, as Moscow strives to make its first breakthrough in the east in months. Britain’s Defence Ministry said Russian troops and mercenaries of the Wagner group …

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Indian shares fall as hawkish Fed remarks revive rate worries

By Rama Venkat BENGALURU (Reuters) – Indian shares closed lower on Tuesday, as risk-aversion gripped broader equities over hawkish comments from U.S. Federal Reserve officials, and led to a decline in over-valued stocks such as the Adani Group. The Nifty 50 index was down 1.03% at 17,914.15 at the close, while the S&P BSE Sensex …

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