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under strain. Wind-turbine supply chains have struggled as manufacturers rushed out bigger and more powerful models. Last month Siemens Energy was rescued by a loan guarantee from the German government.

By Pablo Mayo Cerqueiro, Emma-Victoria Farr and Amy-Jo Crowley

By Khushi Singh and Ankika Biswas

Nirmala Sitharaman on Thursday said that India's second-quarter growth is the highest in the world, and the country continues to maintain its momentum as the fastest-growing economy. Addressing the Rajya Sabha during the Winter Session of Parliament, Sitharaman asserted that economic activity has been good across sectors. «India's second quarter growth is the highest in the world as India continues to be the fastest-growing economy.

The heads of state from South America’s Mercosur trade bloc are in Rio de Janeiro for a meeting that is expected to disappoint members hoping to finalize a deal with the European Union

Gold prices rose on Thursday, as signs of a cooling U.S. labour market supported bets of an interest rate cut early next year, while traders also awaited key jobs print due later in the day that could offer clues on the Federal Reserve's trajectory. FUNDAMENTALS * Spot gold was up 0.1% at $2,027.12 per ounce by 0159 GMT. * U.S.

Reserve Bank of India (RBI) and European regulators are yet to resolve a standoff regarding the treatment of the local platform for government bond trading, Deutsche Bank, one of the affected parties, has had to stump up more than ₹1 billion in capital for central counterparty exposures in the last quarter. The massive increase in risk-weighted assets (RWA) for the German banking giant, which plays a major role in handling overseas investment flows into India, came after the European Securities and Markets Authority (ESMA) de-recognised the Clearing Corporation of India in October 2022. According to regulatory reporting documents seen by ET, Deutsche Bank saw its RWA for risk exposure to an unnamed central counterparty clearing house increase to ₹3.76 billion as on September 30 from ₹997 million as on June 30. RWA essentially implies bank capital that must be set aside in accordance with risks.

premier segment, Bastidon said, adding that overall trade volume of EU spirits is €9 billion, and the US and China are major exporting countries. According to Bastidon, the value of EU’s spirit exports to India in 2022 was a mere €59.7 million compared to €875 million to China.

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World shares have advanced after most stocks slipped on Wall Street following a mixed set of reports on the U.S. economy

An audit commissioned by Volkswagen has found no indication of forced labor at its plant in China’s Xinjiang region, where Western governments have accused the Chinese government of human rights violations against the Uyghur ethnic minority

By Amanda Cooper

Investing.com — The U.S. dollar edged lower in early European trade Wednesday, but remained near a two-week high, ahead of key employment data, while the euro headed lower after weak German factory orders.

BERLIN (Reuters) -Volkswagen must provide more transparency in its value chain and ensure its China operations are regularly reviewed, two of the carmaker's investors said on Wednesday, after an audit of its jointly owned Xinjiang site found no sign of forced labour.

European shares gained on Wednesday on rising bets of a peak in global interest rates, led by miners riding on higher metal prices, while Germany's benchmark DAX scaled a fresh all-time high. The pan-European STOXX 600 index climbed 0.1% by 0809 GMT, while the Germany's DAX also rose 0.1%. Basic resources gained 1.3% tracking a rise in prices of most base metals. Investors now await euro zone construction purchasing manager's index data for November, along with October retail sales to gauge the strength of the European economy amid recession concerns. Focus was also on U.S.

Nifty recorded a new all-time high daily in December, the 50-stock index was still not among the top-performing global indices in November, falling behind benchmark indices in developed markets viz US, UK, Japan, France, Switzerland and Germany. Among the emerging markets, Nifty was behind Taiwan, Korea, Brazil, and South Africa while remaining ahead of China. Nifty rose 5.5% in November, witnessing a turnaround after hitting a low of 18,989.15 on November 1, led by gains in auto, healthcare, and realty stocks.

Investing.com — European stock markets traded higher Wednesday, buoyed by renewed confidence that the major central banks' tightening cycle has peaked. 

When Robert Habeck, co-leader of the Green party and the economy tsar in Germany’s ruling coalition, floated a bill last spring that mandated replacing gas and oil boilers with cleaner heat pumps, he got more heat than he bargained for. Tabloids screamed his “heat hammer" would push millions into debt. Whipped-up fury against “Green fascism" boosted ratings for the hard-right Alternative for Germany (AfD) party.

Young Sheldon Season 7 has been heightened with the release of a sneak peek video that unveils the fate of Sheldon and Mary after the Season 6 finale. As the Coopers navigated a transitional period in the Season 6 finale, marked by a less dramatic yet pivotal storyline, fans are eager to discover what lies ahead for the beloved characters. The finale witnessed Sheldon and Mary en route to Germany, setting the stage for a new chapter in their lives. The recently unveiled behind-the-scenes video for the Season 7 premiere, scheduled for February 15, provides a glimpse into their return to Texas. Producer Ansley Rix shared insights in the clip, confirming that both Zoe Perry and Iain Armitage are back on set for the upcoming season.

After a rash of layoff announcements at the beginning of the year, some companies are cutting jobs as 2023 winds down and a strong labor market shows signs of cooling. Tech-industry layoffs, which dominated at the start of 2023, included Facebook parent Meta Platforms, Google parent Alphabet and Microsoft. Then downsizing went beyond high-growth technology companies, with retailers, manufacturers and the financial sector announcing cuts.

ROME (Reuters) -Lamborghini has reached a deal with unions to introduce a four-day week for its production workers, the labour associations and the company said on Tuesday, as more manufacturing groups re-consider the structure of the work week for their employees.