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North London property prices jump as buyers return to capital

  Bloomberg Property sellers are seeking sharply higher prices across north London as young professionals return to jobs in the capital after the pandemic, a survey showed. Asking prices for homes in Camden surged 17.2% from a year ago and by 6% in the past month alone, the property search website Rightmove said Monday. Barnet and Islington notched up annual ...

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Ohio senator blames corporate greed for train crash, toxic spill

  Bloomberg Ohio Senator Sherrod Brown said corporate maneuvers that favor shareholders and company executives are to blame for safety lapses leading up to a train derailment that spilled toxic chemicals in a town in his home state. “This is the same old story — corporations do stock buybacks, they do big dividend checks, and they lay off workers,” Brown ...

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European gas price rises with late-winter cold snap in sight

  Bloomberg European natural gas prices rose on the prospect of a late-winter cold snap, after falling last week to the lowest level in almost 18 months. Benchmark futures advanced as much as 5.4% after dropping below €50 on Friday. Temperatures in cities including London and Madrid could fall from unseasonably high levels by the end of the week, with ...

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Bill Gates sees IRA driving ‘healthy’ growth in new energy technology

  Bloomberg US government incentives to promote investments into nascent technologies such as green hydrogen will have a “healthy” impact, even as they risk distorting the trade in electric cars between Europe and the US, Bill Gates said. Speaking in a podcast interview with the head of Norway’s $1.3 trillion sovereign wealth fund, Nicolai Tangen, Gates extolled government policies for ...

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Danish industrial workers reach wage deal

  Bloomberg Denmark’s industrial workers reached a new pay deal with employers to offset falling purchasing power in the first of a string of wage agreements expected in the coming months. The deal, which covers 230,000 workers, is expected to set the tone for talks in other industries under the Danish model where employers and unions agree on work conditions ...

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Uniqlo’s quest to conquer US, one cashmere sweater at a time

  Bloomberg The biggest challenge to Japanese fashion giant Uniqlo’s plan to take on the US? Getting more Americans to know who they are. The apparel maker, known for its affordable cashmere sweaters and solid basics, wants to go big in one of the world’s toughest consumer markets. Although Uniqlo is a fixture in shopping streets of New York and ...

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Biden meets Zelenskiy on surprise Kyiv trip nearly year into war

  Bloomberg US President Joe Biden made a surprise visit to Kyiv and met with his Ukrainian counterpart Volodymyr Zelenskiy, declaring “unwavering support” in a dramatic show of solidarity as Russia’s invasion nears the one-year mark. Biden, who was originally slated to visit neighboring Poland this week, appeared in the Ukrainian capital at 8 a.m. on Monday as police sealed ...

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China blasts US for ‘hegemony’ as ties sour

  Bloomberg China laid out a fresh laundry list of problems it has with how the US uses its power, underscoring how tensions between the two nations have worsened over issues from the alleged spy balloon dispute to Russia’s war in Ukraine. The official Xinhua News Agency published a 4,000-word article on Monday titled “US Hegemony and Its Perils” that ...

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North Korea fires more ballistic missiles as Kim warns US

  Bloomberg North Korea fired a barrage of suspected ballistic missiles and issued a warning to the US over joint military exercises, less than two days after Pyongyang launched a long-range rocket designed to hit the American mainland. South Korea’s Joint Chief of Staff said North Korea fired two short-range ballistic missiles between 7 and 7:11 a.m. on Monday from ...

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Chinese banks hold rates as analysts bet easing to come

Bloomberg Chinese lenders followed the central bank by keeping their benchmark lending rates unchanged on Monday, with analysts expecting possible reductions in coming months to support the economic recovery. The one-year loan prime rate was held at 3.65% for a sixth consecutive month, in line with the forecasts from all 13 economists surveyed by Bloomberg. The five-year rate, a reference ...

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