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Inflation surge pushes up Britain's budget deficit
A surge in debt costs - pushed up by soaring inflation to twice their previous monthly peak - added to Britain's budget deficit in June, which was its highest since April 2021, data showed on Thursday.
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UK PM contenders squabble over tax as campaign kicks off
Sunak won the two previous televised debates, according to snap polls, and the second one featured a no-holds-barred clash with Truss.
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UK's Tempest fighter project soars as European rival remains in limbo
In stark contrast to Tempest, Europe's Future Combat Air System (FCAS) project, backed mostly by France and Germany, faced stagnation over the last year.
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Europe's heatwave reaches Poland, Greece as it moves eastwards, brings wildfires
The vast heatwave covering swathes of Europe moved steadily eastwards on Thursday, forcing countries including Italy, Poland and Slovenia to issue their highest heatwave alerts as firefighters battled wildfires across the continent.
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Iran doesn't want a nuclear deal, British spy chief says
Britain's spy chief said on Thursday he was skeptical that Iran's Supreme Leader Ayatollah Ali Khamenei actually wants to revive a nuclear deal with world powers but said Tehran won't try to halt talks either.
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Analysis-Race For Downing Street Drives Tax Policy Split Into UK Conservatives
Differences over how to revive Britain's slow-growth, high-inflation economy could hardly be starker within the ruling Conservative Party as the two remaining contenders to become its new leader, and thereby prime minister, clash over tax.
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Big oil set to open cash taps with another record quarter
Top Western energy companies are expected to unleash billions in returns to shareholders when they announce what is set be a second-straight quarter of record-breaking profits, lifted by stellar refining margins and high oil and gas prices.
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Euro Zone Stocks Choppy As ECB Starts Rate Hike With A Big Stride
Euro zone stocks slipped in volatile trading on Thursday as investors assessed the impact of an aggressive 50 basis point interest-rate hike by the European Central Bank amid growing worries about a recession and a political turmoil in Italy.
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T-Mobile And Apple To Sell Small-business Connectivity Plan
T-Mobile US Inc said on Thursday it was working with Apple Inc to offer a mobile phone plan that will include subsidized iPhones and a suite of paid services from Apple aimed at small-business owners.
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Snap to slow hiring after dismal earnings pummel stock price
Snap last month launched a subscription version of Snapchat as it looks to generate more money from the image-centric, ephemeral messaging app.
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Freeport-McMoRan Misses Profit Estimates On Lower Copper Prices
U.S. mining giant Freeport-McMoRan Inc on Thursday posted a lower-than-expected profit for the second quarter, hurt by lower realized copper prices.
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Tesla Keeps Nasdaq Afloat, AT&T Forecast Weighs On S&P 500
The Nasdaq rose on Thursday as electric automaker Tesla topped Wall Street's profit target, while the benchmark S&P 500 edged lower due to losses in telecom stocks after AT&T cut its cash flow forecast.
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Global Manufacturers See Chip Shortage Easing
Hyundai Motor Co, factory robot builder ABB and Swedish fridge maker Electrolux see the semi-conductor chip shortage easing, executives said Thursday, in a boost for manufacturers after a long struggle for components.
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Europe's Power System Feels The Heat As Cooling Demand Soars
Just as Europe is racing to store enough gas to see it through winter, its power system is being strained by sweltering summer temperatures, forcing air conditioners into action and drying up rivers needed to cool nuclear plants.
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Analysis-Aviation Sector Feels Heat On Emissions At Air Show
Record temperatures at the Farnborough Airshow this week have ratcheted up pressure on global aviation to shrink airplane emissions and turn a raft of potential solutions - many of which are yet to be proven - into reality.
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