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China Q1 Accommodation, Catering Sector Shrinks for First Time since 2020

BEIJING, April 19 Reuters China39;s accommodation and catering sector contracted in JanuaryMarch from a year earlier for the first time since 2020, pointing to increasingly flagging consumption weakened by COVID curbs on travel and socialdistancing rules. The sector39;s output shrank by an inflationadjusted 0.3 in JanuaryMarch to 386.1 billion yuan 60.6 billion, the National Bureau […]
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Oil Volatile as Libya Outage Fuels Supply Woes

April 19 Reuters Oil prices seesawed on Tuesday as investors fretted over tight global supplies after Libya halted some exports and as factories in Shanghai prepared to reopen post a COVID19 shutdown, easing some demand worries. Brent crude was down 26 cents, or 0.23, to 112.90 a barrel at 0643 GMT, after rising more than […]
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RollsRoyce Expecting UK Approval for Mini Nuclear Reactor

April 19 Reuters A RollsRoyce design for a small modular nuclear reactor SMR will likely receive UK regulatory approval by mid2024 and be able to produce grid power by 2029, Paul Stein, chairman of RollsRoyce Small Modular Reactors, told Reuters. The British government asked its nuclear regulator to start the approval process in March, having backed […]
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AMP Confirms in Talks to Sell Investment Management Unit

April 19 Reuters Australian wealth manager AMP Ltd confirmed on Tuesday it was in talks with multiple parties, including real estate firm Dexus, for a potential sale of assets and businesses of its investment management unit Collimate Capital, formerly AMP Capital. The announcement comes after media reports indicated AMP was in discussions to sell Collimate in […]
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