Explainer-A year into Ukraine war, how has China stood by ‘no limits’ partner Russia?

By Laurie Chen BEIJING (Reuters) – Nearly a year has passed since Russia invaded Ukraine, which came just weeks after Beijing and Moscow had declared a “no limits” partnership that sparked anxiety in the West. Here are the implications for China as the war approaches its one-year anniversary on Feb. 24. HOW HAS CHINA SHOWN …

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Motor racing-Formula One launch F1 TV in India, target ‘strong mobile market’

By Simon Jennings (Reuters) – India’s “very strong mobile market” is one of the main factors behind Formula One launching its TV streaming product F1 TV in the country, the sport’s director of media rights Ian Holmes told Reuters. Formula One has enjoyed increasing popularity in India, with the country hosting Formula One races at …

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Edenred profits beat forecasts as employers boost staff benefits

By Diana Mandia (Reuters) -Edenred on Tuesday beat full-year core profit expectations, as companies used the French group’s gift cards and other vouchers to help staff with the cost of living crisis and to retain employees in a tight labour market. Voucher providers have adapted their products to the more challenging economic environment, which has …

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Euro zone business growth at 9-month high as services supports -flash PMI

By Jonathan Cable LONDON (Reuters) -Surprisingly strong services growth meant the recovery in euro zone business activity gathered steam this month, expanding much faster than thought, according to a survey on Tuesday, the latest evidence the currency union could escape a recession. A sister survey showed businesses in Britain reporting an unexpected bounce in activity …

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HSBC signals rate rise profit windfall has peaked even as payouts rise

By Anshuman Daga and Lawrence White SINGAPORE/LONDON (Reuters) -HSBC dampened investors’ expectations of a sustained income bonanza from rising global interest rates, even after Europe’s biggest bank reported a 92% surge in quarterly profit and pledging more regular dividends and share buybacks. The London-headquartered bank said on Tuesday it would pay a special dividend of …

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