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Global debt levels rose 'significantly' in 2021, says World Bank president

Global debt levels rose ‘significantly’ in 2021, says World Bank president

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WASHINGTON, Nov 12 (Reuters) – Debt levels for low- and middle-income countries rose sharply in 2021, with China accounting for 66% of lending from official bilateral creditors, World Bank President David Malpass said. emphasizing the need to reduce the debt. of the poorest countries. The World Bank’s annual report on global debt statistics, due out …

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European retailers scramble to keep prices low to attract struggling shoppers

European retailers scramble to keep prices low to attract struggling shoppers

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LONDON, Nov 9 (Reuters) – Some European retailers forecast or announced better sales for the year this week after scrambling to keep prices low to attract cash-strapped shoppers, while others including Marks & Spencer (MKS.L) and Adidas (ADSGn.DE) warned of profiteering. Many consumers have turned to cheaper private label products, boosting sales at retailers like …

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A 'perfect storm' is swirling as Canadians face high inflation and rising rates

A ‘perfect storm’ is swirling as Canadians face high inflation and rising rates

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OTTAWA/WINNIPEG, Manitoba, Oct 30 (Reuters) – In a warehouse on an industrial stretch in Ottawa, giant metal crates containing donated groceries are stacked as volunteers sort canned goods, pasta and other food for distribution to Canadian city pantries. . Demand jumped 33% at the Ottawa Food Bank from pre-COVID-19 levels, with visits up as the …

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Analysis: European retailers are on investors' naughty lists this Christmas

Analysis: European retailers are on investors’ naughty lists this Christmas

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European retail stocks down 40% since the start of the year Amazon predicts slower holiday sales growth Adidas and H&M warn of weaker demand Headwinds from euro and pound compress margins Eurozone non-food retail trade down 3% LONDON, Oct 28 (Reuters) – As the cost of living crisis squeezes consumers and squeezes disposable income, this …

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In Britain's inflation crisis, healthy diets are a casualty

In Britain’s inflation crisis, healthy diets are a casualty

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LONDON, Oct 28 (Reuters) – Fresh vegetables and fish are disappearing from the menu. Packaged pizzas and charcuterie are the daily specials. Many UK households are turning away from healthier foods as runaway inflation pushes them towards cheaper processed meals, according to consumer data and experts who worry about the nation’s nutritional downfall. Joanne Farrer …

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Analysis: Poor countries at risk from elusive G-20 debt relief push

Analysis: Poor countries at risk from elusive G-20 debt relief push

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LONDON/WASHINGTON, Oct 23 (Reuters) – The failure to secure meaningful progress on debt relief for the world’s poorest countries at the annual meeting of the International Monetary Fund and World Bank in Washington has frustrated policy makers, activists and investors. Two years ago, the Group of 20 launched the Common Framework – a mechanism designed …

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Exclusive: Exxon leaves Russia empty-handed with 'unilaterally terminated' oil project

Exclusive: Exxon leaves Russia empty-handed with ‘unilaterally terminated’ oil project

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HOUSTON, Oct 17 (Reuters) – Exxon Mobil Corp (XOM.N) said on Monday it had left Russia altogether after President Vladimir Putin expropriated its properties after seven months of talks over an orderly transfer of its 30% stake in a major oil project. . Exxon did not say whether it received compensation for the assets, which …

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Danone gets rid of its Russian dairy business with 1 billion euros in delisting

Danone gets rid of its Russian dairy business with 1 billion euros in delisting

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Danone cedes control of its dairy business in Russia The Russian dairy unit accounts for 90% of Russian operations Danone could keep a stake in the dairy sector – source Many Western food suppliers continue to supply basic goods to Russia PARIS, Oct 14 (Reuters) – French food company Danone (DANO.PA) is to cede control …

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