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Emerson to sell Russia business to local management

Emerson Electric Co (EMR.N) said on Tuesday it would sell its Russian business to the local management team for an undisclosed amount, marking the U.S. industrial firm’s exit from the

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U.S. approves 50 states’ EV charging plans

The U.S. Transportation Department (USDOT) said on Tuesday it has approved the electric vehicle charging station plans for all 50 states, Washington and Puerto Rico covering about 75,000 miles (120,700

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Hungary ends massive rate hikes with one last 125 bps step

The National Bank of Hungary raised its base rate by a larger-than-expected 125 basis points to 13% on Tuesday and ended its more than year-long rate hike cycle amid a

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Just Eat Takeaway shares leap 10% on forecast of underlying profit

Just Eat Takeaway.com NV (TKWY.AS), Europe’s largest online food ordering and delivery company, said on Tuesday it expected to make an underlying profit in the second half of 2022, sooner

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Wells Fargo expects steeper U.S. rate hikes to quell rampant inflation

Wells Fargo expects steeper rate hikes by the Federal Reserve due to resiliency of the U.S. economy and the central bank’s increased resolve to wring out inflation, the Wall Street

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Government measures to ease inflation pain

Pandemic-related disruptions to global supply chains and the knock-on effects of Russia’s war in Ukraine have combined to drive up prices of energy, commodities and basic necessities. Below is a

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Hertz ties up with BP for EV charger installations in North America

Hertz Global Holdings Inc (HTZ.O) said on Tuesday it has partnered with a unit of oil giant BP to install electric vehicle (EV) charging stations across North America to power

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