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Japan’s late comeback stuns Germany in 2-1 win

Japan celebrates during a FIFA World Cup Qatar 2022 Group E match against Germany at Khalifa International Stadium on Nov. 23, 2022 in Doha, Qatar. Brad Smith | ISI Photos | Getty Images Sport | Getty Images Japan stunned Germany with a late comeback in their World Cup opener, with …

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Sweden says explosives found at site of Russian pipelines

Climate scientists described the shocking images of gas spewing to the surface of the Baltic Sea as a “reckless release” of greenhouse gas emissions that, if deliberate, “amounts to an environmental crime.” Anadolu Agency | Anadolu Agency | Getty Images Sweden’s prosecutor’s office said Friday that an investigation into gas …

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‘Indiscriminate use of hydrogen’ could slow energy transition: Report

A hydrogen bus photographed in Poland. Hydrogen has a diverse range of applications and can be deployed in a wide range of industries. Dominika Zarzycka | Nurphoto | Getty Images Hydrogen use by the G-7 could jump by four to seven times by the middle of this century compared to …

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UK finance minister announces tax hikes and spending cuts, says country is in recession

Finance Minister Jeremy Hunt, in his hotly anticipated inaugural Autumn Statement, unveiled a sweeping £55 billion ($66 billion) fiscal plan. Anadolu Agency | Anadolu Agency | Getty Images LONDON — The U.K. government on Thursday unveiled a sweeping £55 billion ($66 billion) fiscal plan as it seeks to plug a …

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ECB vice president says will do ‘whatever necessary’ to tame inflation

De Guindos told CNBC the ECB will do “whatever is necessary” to tame inflation. Europa Press News | Europa Press | Getty Images It is crucial for the European Central Bank to convey its commitment to bringing prices down in order to keep inflation expectations anchored, according to its vice …

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Same Industry, two increasingly different companies

Jim Farley, CEO, Ford, left, and Mary Barra, CEO, General Motors Reuters; General Motors DETROIT — “Same industry. Two different companies.” That’s how influential Morgan Stanley auto industry analyst Adam Jonas recently described General Motors and Ford Motor — bitter rivals for more than a century. The two have consistently …

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Businesses ‘running out of fight’; UK recession fears mount as GDP contracts

U.K. businesses are bracing for a difficult winter amid soaring inflation and higher energy bills. Andrew Matthews – Pa Images | Pa Images | Getty Images LONDON — The doors to The 25, a Torquay-based boutique bed and breakfast on the U.K.’s southwest coast, are now closed for the winter …

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Peak inflation in Europe ‘is almost within reach,’ European Central Bank member says

Inflation in the euro zone remains well-above the ECB’s target, as energy and food prices soar. Bloomberg | Bloomberg | Getty Images Peak inflation “is almost within reach” in the euro zone, a European Central Bank Governing Council member told CNBC Thursday. The euro zone has been battling against surging …

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We’re on a ‘highway to climate hell,’ UN chief Guterres says

U.N. Secretary-General Antonio Guterres speaking at the COP27 climate change summit in Sharm El-Sheikh, Egypt. “We are on a highway to climate hell with our foot still on the accelerator,” he told attendees. Gehad Hamdy | Picture Alliance | Getty Images The United Nations secretary general issued a stark warning …

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Ukraine looks to tech to rebuild economy after Russia invasion 

An attendee passes by the Ukraine stand at the Web Summit 2022 tech conference in Lisbon, Portugal. Patricia De Melo Moreira | Afp | Getty Images LISBON, PORTUGAL — As the war in Ukraine rages on, the country’s technology entrepreneurs are trying to stay positive. “I don’t think there’s something …

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