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Portugals Galp Q2 Profit Jumps 16, Beats Expectations

LISBON, July 22 Reuters Portugal39;s Galp Energia on Monday reported its second quarter adjusted net profit jumped 16 and beat expectations as higher oil price and lower cost of production offset lower production and stable refining margin. It booked an adjusted net profit of 299 million euros 325.34 million, more than the 236 million euros expected […]
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Canal to be Listed in London Under BreakUp Plan, Vivendi

PARIS, July 22 Reuters Vivendi said on Monday it will pursue a listing in London for its Canal pay TV unit while its Havas advertising arm will be listed in Amsterdam as it detailed breakup plans. In April, Vivendi said a feasibility study for its planned split into four separate businesses was progressing. Canal and Havas would have […]
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China Faces Growing Scepticism over its Commitment to DecadeOld Policy Pledges

Policy agenda borrows heavily from 2013 playbook Markets less enthusiastic than a decade ago Industrial focus worries those calling for structural reform Analyst sees 6month grace period from markets on implementation BEIJING, July 22 Reuters As imbalances in China39;s economy deepen, pressure is growing on Beijing to deliver on the decadeold policy promises it revived […]
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Why developing AI costs so much

Some of the biggest tech companies are proving that artificial intelligence can be a real revenue driver, but the push for bigger AI models, and more chips and data centers to support building them, is driving up costs for technology companies.
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Bundesbank Flags Risks to Bringing Down Inflation

FRANKFURT, July 22 Reuters Strong wage growth is making it harder to bring down inflation in the euro zone, the German central bank said on Monday, calling for a careful approach to further interest rate cuts. The European Central Bank ECB left rates on hold last week but President Christine Lagarde said its next meeting […]
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China Surprises with Cuts to Key Rates to Support Fragile Economy

SHANGHAI, July 22 Reuters China surprised markets by lowering a key shortterm policy rate and its benchmark lending rates on Monday, in efforts to boost growth in the world39;s secondlargest economy. The cuts come after China reported weakerthanexpected secondquarter economic data last week and its top leaders met for a plenum that occurs roughly every five years. The country […]
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Indias Economy Likely to Grow 6.57 yy in 202425, Govt

NEW DELHI, July 22 Reuters India39;s economy will grow at 6.5 to 7 in the current financial year ending March 2025, a finance ministry report said on Monday, projecting growth at below 7.2 forecast by the country39;s central bank. The growth projection in the annual Economic Survey, tabled in parliament by Finance Minister Nirmala Sitharaman […]
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