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Shanghai offers warmer welcome to China startups

By Ka Sing ChanGiants like the $274 billion Contemporary Amperex Technology SZSE:300750 and Luxshare Precision Industry SZSE:002475 are leading the wave of mainland-listed firms seeking a second trading home in Hong Kong, which offers access to hard currency and global investors. Startups already t…

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Soldiers in Ukraine battle heatwave

By Sharon KimathiHello,This week’s volatile weather has brought devastation across the globe, with severe heatwaves gripping Europe and North America while deadly flash floods hit parts of Africa.We’ll look at Ukrainian soldiers battling Russian forces in sweltering temperatures, Spanish authoritie…

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World Cup, 250th anniversary to help drive up July 4 travel even as high fuel prices bite

By Shivansh Tiwary and Aishwarya JainThe number of Americans expected to travel into the weekend as the U.S. marks its 250th anniversary is expected to rise modestly this year, with a small fillip from the FIFA World Cup, even as high airfares and gas prices dampen some holiday plans.Data from the…

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Tesla's China-made EV sales rise 24.4% year on year in June

Tesla's NASDAQ:TSLA China-made electric vehicle sales rose for an eighth month in June, supported by an extended recovery in the U.S. automaker's European sales.Deliveries of Model 3 and Model Y vehicles made in its Shanghai plant, which is also an export hub for Europe, grew 24.4% from a year earl…

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Russian oil price used in tax calculations down to $63.52 per barrel in June

The average Russian oil price used for taxation purposes declined in June to $63.52 per barrel, down by almost 27% from the previous month, according to the economy ministry's data published on Thursday, due to a decline in global oil prices.In May, the price stood at $86.52 per barrel.The price in…

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India bonds surge on Bloomberg index hopes, oil-led inflation relief

By Khushi MalhotraIndian government bonds rose sharply on Thursday, as growing foreign demand driven by hopes of inclusion in Bloomberg's flagship bond index and easing inflation concerns from lower oil prices lifted prices.The benchmark 6.94% 2036 bond yield (IN069436G=CC) ended at 6.7180%, down f…

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Why foreigners like UK equities right now

WHY FOREIGNERS LIKE UK EQUITIES RIGHT NOWEuropean, and UK, equity markets haven't seen the same steep, fast-paced tech-fuelled gains as some other regions around the world. In large parts, that can simply be explained by the fact that there there just aren't as many tech, chip, and AI-exposed heavy…

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