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Wintershall Dea and partners to invest $800 million in Norway gas field

OSLO (Reuters) -Germany’s Wintershall Dea and its partners Petoro and Sval Energi will invest around 8 billion Norwegian crowns ($803.6 million) to develop the Dvalin North gas field in the Norwegian Sea, the companies and Norway’s energy ministry said on Tuesday. The discovery in the Haltenbanken area was the largest find on the Norwegian continental …

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Sterling holds firm after UK jobs data muddies rate outlook

By Amanda Cooper LONDON (Reuters) – The pound held broadly steady on Tuesday, as gains following UK employment data were offset by caution ahead of a key reading of U.S. consumer inflation. Britain’s jobless rate rose for a second month and there were other signs in data on Tuesday that some of the inflationary heat …

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Germany to pledge additional 50 million euros in winter aid for Ukraine

BERLIN (Reuters) – Germany will approve another 50 million euros ($52.68 million) in winter aid for Ukraine in response to Russian attacks on energy infrastructure there, German Foreign Minister Annalena Baerbock said at a donors’ conference in Paris on Tuesday. This comes on top of 160 million euros already pledged by Berlin at a conference …

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Top accreditor of gold refiners sued over alleged human rights abuse

By Peter Hobson LONDON (Reuters) -A British law firm said on Tuesday it had brought a case against the world’s most important accreditor of gold refineries for renewing a refiner’s certification despite alleged human rights abuses at a mine supplying it with gold. The law firm, Leigh Day, filed the case in London’s High Court …

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Russia’s 2023 wheat crop seen at 80-85 million tonnes, agriculture ministry says

(Reuters) – Russia’s wheat harvest target for 2023 is seen at 80-85 million tonnes, the agriculture ministry said on Tuesday. (Reporting by Reuters)

U.S. consults with Japan, Netherlands on chip restrictions as China pushes back

(Reuters) -The U.S.-China row over technology has ratcheted up this week, with Washington confirming talks with Japan and the Netherlands about tightening exports of semiconductor manufacturing equipment to China, and Beijing hitting back. China on Monday launched a trade dispute at the World Trade Organization opposing U.S. chip export control measures, while Reuters reported on …

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Italy’s Equita hires Lazard banker Schiavina

MILAN (Reuters) – Italian boutique investment bank Equita has hired former Lazard banker Edoardo Schiavina as managing director to strengthen its industrial advisory team, it said on Tuesday. Schiavina joins Milan-based Equita after a 14-year stint at Lazard where he worked on more than 30 deals for a total value of 25 billion euros ($26 …

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Hapag-Lloyd CEO sees bounce in shipping demand as short-lived

FRANKFURT (Reuters) – Germany’s Hapag-Lloyd is seeing a small uptick in demand for shipping after a decline in recent months, but the company on Tuesday reiterated its more muted outlook for the industry as pandemic disruption fades. The container business, a bellwether of global economic trends, had seen a noticeable contraction in demand in September …

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Eastward gas flows resume via Yamal-Europe pipeline

LONDON (Reuters) – Eastbound gas flows resumed via the Yamal-Europe pipeline to Poland from Germany, data from pipeline operator Gascade showed on Tuesday. Exit flows at the Mallnow metering point on the German border stood at 853,815 kWh/h between 0800 CET and 0900 CET from zero earlier in the morning. Nominations, or requests, for Russian …

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Lufthansa raises 2022 profit forecast, shares rise

(Reuters) – Lufthansa expects to achieve adjusted earnings before interest and taxes (EBIT) of around 1.5 billion euros ($1.58 billion) in 2022, the German flag carrier said in a statement on Tuesday. Lufthansa saw strong demand for air travel and better-than-expected earnings in October and November, it added. The group’s previous EBIT forecast was for …

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