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Equinor appoints new CEO to speed up renewable investments

OSLO (Reuters) – Equinor (EQNR.OL) on Monday announced the appointment of Anders Opedal as chief executive effective from Nov. 2 as the Norwegian oil and gas group looks to speed up a move into renewable energy. The new CEO, who had been executive vice preside... More »

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Norway plan to save giant Picasso murals divides opinion

OSLO (Reuters) – Norway began tearing down a landmark building adorned with giant murals by Pablo Picasso on Monday as part of efforts to rebuild government headquarters after a deadly far-right bombing. Oslo’s ‘Y block’ office building, with a Picasso drawing... More »

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Exclusive: Nokia to cut a third of jobs at French arm Alcatel-Lucent

PARIS (Reuters) – Finland’s Nokia Oyj (NOKIA.HE) plans to cut 1,233 jobs at its French subsidiary Alcatel-Lucent International, equivalent to a third of the local workforce, the group said on Monday, confirming an earlier Reuters report. Nokia, which competes ... More »

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Volvo and Daimler tie up to develop fuel cell for trucks

STOCKHOLM (Reuters) – Swedish truck maker Volvo (VOLVb.ST) said on Tuesday it had signed a deal with German rival Daimler (DAIGn.DE) to set up a joint venture to develop and produce fuel cell systems for heavy-duty vehicles. Daimler will consolidate all its cu... More »

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Key EU states agree coronavirus economic rescue -text of draft deal

BRUSSELS (Reuters) – European Union countries on Thursday evening agreed the emergency credit lines from the euro zone’s bailout fund “will be available until COVID-19 crisis is over”, a draft of their deal read. Afterwards, euro countries should remain commit... More »

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Novelty toilet roll cakes keep Finnish baker in business

HELSINKI (Reuters) – A quick-thinking Helsinki bakery has saved itself from financial ruin due to the new coronavirus pandemic by creating a cake that looks like a toilet roll. The dismayed staff at the Ronttosrouva bakery found all their orders cancelled last... More »

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Norway pleads for more aid to help Palestinians tackle coronavirus

OSLO (Reuters) – Norway called on Friday for more money to help the Palestinian Territories get through the COVID-19 pandemic. Although there has only been one death and 161 reported cases of the coronavirus in the Palestinian Territories, the outbreak is expe... More »

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Coronavirus strands Peruvian singer in Finnish Arctic

ROVANIEMI, Finland (Reuters) – When Peruvian musician Victor Alarcon set out on his dream trip to shoot a music video in the Finnish Arctic for his single called ‘Aurora Boreal’ (Northern Lights), he did not expect the coronavirus outbreak to leave him strande... More »

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Pressure mounts in Finland to close schools

HELSINKI (Reuters) – Finland’s largest opposition party on Monday stepped up criticism of the government as most schools and daycares remained open despite the coronavirus outbreak. “There are only four countries in the EU which have not closed schools. Respon... More »

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Nokia appoints Fortum CEO Lundmark to replace Suri from September

HELSINKI (Reuters) – Nokia Chief Executive Rajeev Suri will step down in September and be replaced by Pekka Lundmark, who used to work for the Finnish company and is the current CEO of energy group Fortum, Nokia said on Monday. Suri has been in the role for si... More »

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Eight men in frame to run Norway wealth fund, including deputy CEO

OSLO (Reuters) – Eight candidates have applied to head Norway’s sovereign wealth fund, the country’s central bank said on Tuesday, as its board prepares to decide who should steer the global portfolio of assets worth $1.1 trillion through a time of transition.... More »

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Hovland sinks long putt for first PGA Tour victory

(Reuters) – Viktor Hovland became the first Norwegian to win on the PGA Tour when he rammed home a 25-foot birdie at the final hole for a one-shot triumph at the Puerto Rico Open on Sunday. Hovland, who won the 2018 U.S. Amateur Championship and was making jus... More »

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Norway’s core inflation rebounds, boosting currency

OSLO (Reuters) – Norway’s consumer prices rose sharply in January from a year earlier, official data showed on Monday, strengthening the crown currency ahead of a major policy speech by the central bank governor on Thursday. Core inflation, a key measure for m... More »

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Finnish paper mill workers to strike as wage talks fail: union

OSLO (Reuters) – Some 9,000 workers at Finnish paper mills will start a three-week strike on Monday after wage talks broke down, their labor union said in a statement, the latest in a series of labor conflicts to hit Finland. Another 6,000 employees at sawmill... More »

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Ultra trail runner Jornet beats base jumper in odd contest

(Reuters) – Ultra trail runner Kilian Jornet beat base jumper Tom Erik Heimen in an unusual contest — one ran up and down a mountain while the other climbed up and flew down in a race last year, footage of which was released on Tuesday. The video shows the two... More »

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Disputed Van Gogh self-portrait is genuine, Dutch research finds

AMSTERDAM (Reuters) – A rare Vincent van Gogh self-portrait, which had been contested as a forgery for decades, is a genuine work by the Dutch master, researchers have concluded after six years of study. The Van Gogh Museum in Amsterdam said on Monday that it ... More »

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Christmas tree app updates tradition in Estonia

KURESSAARE, Estonia (Reuters) – Estonians have always headed to the forests in their thousands to cut down Christmas trees, but these days they will probably have a smartphone in their hands. The state forestry company of Estonia, a country where almost all go... More »

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French New Wave film legend Anna Karina dies at 79

PARIS (Reuters) – Danish-born actress Anna Karina, one of the most acclaimed luminaries of influential French New Wave cinema, has died of cancer at age 79, her agent said on Sunday. Karina, famous for her kohl-rimmed blue eyes, was the frequent muse of direct... More »

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Telenor says Huawei will still play role in 5G rollout

BRUSSELS (Reuters) – Telenor (TEL.OL) reiterated on Sunday Huawei would be involved in building Norway’s 5G network along with Ericsson (ERICb.ST), one of several companies to continue working with the Chinese company despite U.S. pressure. Still, on Friday, t... More »

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‘Super Trouper’: ABBA exhibition opens in London

LONDON (Reuters) – From a superfan’s shrine to a replica of the 1974 Eurovision Song Contest stage where they triumphed with “Waterloo”, a new exhibition opening in London on Friday looks back at the huge success of Swedish pop sensation ABBA. Personal items s... More »

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Hamilton not ruling out a Ferrari switch

ABU DHABI (Reuters) – Six times world champion Lewis Hamilton did not deny meeting Ferrari chairman John Elkann when asked on Sunday about speculation linking the Mercedes driver with a move to the Italian team in 2021. The 34-year-old Briton will be out of co... More »

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Disney’s ‘Frozen 2’ thrills Sámi people in northern Europe

OSLO (Reuters) – The sequel to Walt Disney Co’s 2013 hit animated musical “Frozen” is generating excitement among indigenous Sámi people in northern Europe, whose culture the movie has taken inspiration from. “Frozen 2” debuted in U.S. cinemas on Nov. 22 and i... More »

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Finnair cancels 276 flights as unions join solidarity strike

HELSINKI (Reuters) – Finland’s national airline Finnair (FIA1S.HE) said on Sunday it was forced to cancel 276 flights scheduled for Sunday and Monday after attempts to settle a labor dispute at the Finnish postal service failed, leading several Finnish labor u... More »

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Verstappen wins Brazil GP thriller as Ferraris collide

SAO PAULO (Reuters) – Max Verstappen won a thrilling Brazilian Formula One Grand Prix for Red Bull on Sunday after the Ferraris collided and Mercedes’ six-times world champion Lewis Hamilton was demoted from third to seventh. In a race of safety cars and surpr... More »

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Made in China: Samsung farms out more phones to fend off rivals

SEOUL (Reuters) – Samsung’s plan to outsource a fifth of its smartphone production to China next year may help it compete with low-cost rivals such as Huawei and Xiaomi but it’s a strategy fraught with risks, people with familiar with the move said. Samsung El... More »

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Video game ‘Legends’ do battle for $1 million

PARIS (Reuters) – Two teams of young video gamers from Europe and China will do virtual battle on Sunday – and there’s more than $1 million at stake. The teams will fight it out in blockbuster online game “League of Legends”, in a contest drawing millions of v... More »

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Swedish Academy defends choice for 2019 Nobel literature prize

STOCKHOLM (Reuters) – The Swedish Academy has defended its decision to award the 2019 Nobel Prize for Literature to Austrian writer Peter Handke, saying he had made provocative comments but had not supported bloodshed. Handke’s prize has attracted criticism, i... More »

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Trio wins economics Nobel for science-based poverty fight

STOCKHOLM (Reuters) – U.S.-based economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize on Monday for work fighting poverty that has helped millions of children by favoring practical steps over theory. French-American D... More »

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Indian-born Nobel prize-winner comes from ‘family of economists’

NEW DELHI (Reuters) – Indian politicians and academics cheered the Nobel economics prize awarded on Monday to Indian-born American Abhijit Banerjee, whose proud mother told visitors crowding into her apartment that he came from “a family of economists”. Nirmal... More »

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Volvo, Geely to merge combustion engine operations

FRANKFURT (Reuters) – Volvo Cars will merge its engine development and manufacturing assets with those of parent Geely, creating a division to supply in-house brands Lotus, LEVC, Lynk and Proton, and also potential rivals with next-generation combustion and hy... More »

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Norway to spend less wealth fund cash amid strong growth: government

OSLO (Reuters) – Norway plans to spend less money next year from its $1.1 trillion sovereign wealth fund, the world’s largest, as economic growth remains strong and unemployment declines, the center-right majority government said on Monday. “The Norwegian econ... More »

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Swedish prosecutor says will not appeal A$AP Rocky verdict

STOCKHOLM (Reuters) – The Swedish prosecutor in an assault case involving A$AP Rocky said on Tuesday he would not appeal the verdict which saw the U.S. rapper get a suspended sentence for his role in a violent altercation in Stockholm at the end of June. “I be... More »

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A$AP Rocky spared jail after being found guilty of Stockholm brawl

STOCKHOLM (Reuters) – U.S. rapper A$AP Rocky was convicted in Sweden on Wednesday of assault over a Stockholm street brawl, but spared time in jail after a high-profile trial that had led President Donald Trump to accuse Sweden of treating him unfairly. A$AP R... More »

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Hawkish Norway to press on with rate hikes after August pause:…

OSLO (Reuters) – Norway’s central bank is expected to keep interest rates on hold on Aug. 15 while signaling that a hike will likely follow later this year amid solid growth, above-target inflation and currency weakness, a Reuters poll of economists showed. De... More »

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China’s Huawei to invest $800 million in new Brazil factory

SAO PAULO (Reuters) – Huawei Technologies Co Ltd plans to build an $800 million plant in Brazil’s Sao Paulo state over the next three years, the governor said, as the Chinese tech giant ramps up its Latin American presence against U.S. objections. On a trip to... More »

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Sweden rebuffs Trump over U.S. rapper charges, saying courts…

STOCKHOLM (Reuters) – Sweden on Friday dismissed an angry outburst from U.S. President Donald Trump after prosecutors charged U.S. rapper A$AP Rocky with assault, saying the country’s judicial system was independent of political interference. Best known for hi... More »

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Norway’s Telenor warns on second quarter profit after error at…

OSLO (Reuters) – Norwegian telecoms group Telenor (TEL.OL) said its second-quarter earnings would take a hit from “errors” discovered at Grameenphone GRAE.DH, its Bangladeshi telecoms division. “Grameenphone has discovered some erroneous omissions with regards... More »

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Norway’s Adevinta says new French digital tax may hit earnings

OSLO (Reuters) – Online advertising group Adevinta said the newly introduced digital tax in France lacked clarity but would likely hit the Norwegian company’s earnings as it posted second-quarter earnings roughly in line with expectations. France’s Senate gave... More »

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Lithuanian couple defends world wife-carrying championship title

SONKAJARVI, Finland (Reuters) – A Lithuanian couple won the World Wife-Carrying Championship for a second time in a row in the Finnish town of Sonkajarvi on Saturday, triumphing in a contest where men complete an obstacle course with their wives slung over the... More »

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U.S. rapper A$AP Rocky detained for up to two more weeks in Sweden

STOCKHOLM (Reuters) – A Swedish court on Friday ordered that U.S. rapper A$AP Rocky be held in custody for up to two more weeks while prosecutors investigate his part in a brawl in Stockholm. The 30-year-old performer, producer and model, whose real name is Ra... More »

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Sweden to investigate telecom operator Tele2’s June network outage

STOCKHOLM (Reuters) – Sweden launched an inquiry on Friday into a national network outage at telecoms company Tele2 (TEL2b.ST) in June that knocked out voice calls for a many private customers and companies for several hours. Tele2, Sweden’s second-largest tel... More »

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Norway wealth fund allowed to invest again in Walmart, Rio Tinto,…

OSLO (Reuters) – Norway’s $1 trillion wealth fund can invest again in miner Rio Tinto and retailer Walmart after their exclusions from the fund’s investments on ethical grounds were revoked, the board of the central bank said on Tuesday. The fund can also resu... More »

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Nadal racks up 12th French crown as Thiem runs out of steam at…

PARIS (Reuters) – Defying the years and one of the most fierce onslaughts he has ever faced at Roland Garros, Rafa Nadal won his 12th French Open crown on Sunday, leaving Dominic Thiem crushed and a packed Parisian stadium shaking their heads in wonder. The fi... More »

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Uniper chairman calls for signal from Fortum to resolve dispute

FRANKFURT (Reuters) – Uniper’s chairman on Sunday said talks with major shareholder Fortum to resolve a dispute between the two companies were on hold after two of the German utility’s board members resigned. Fortum and Uniper have been at loggerheads since th... More »

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Belgian monks resurrect brewery after two century break

GRIMBERGEN, Belgium (Reuters) – Belgian monks at the Grimbergen abbey are on the verge of brewing beer again after a break of more than 200 years. The abbey, whose emblem is a phoenix with the Latin motto “Ardet nec consumitur”, meaning “Burned but not destroy... More »

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Incoming Japanese emperor’s life filled with breaks from tradition

TOKYO (Reuters) – Crown Prince Naruhito, set to become Japan’s emperor on May 1, is known as an earnest, studious man who wooed and won his ex-diplomat wife, Crown Princess Masako, with a pledge to protect her. Naruhito, 59, will not only be the first Japanese... More »

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Estonian center-right opposition wins elections

TALLINN (Reuters) – Estonia’s opposition center-right Reform party pulled off a surprise win over Prime Minister Juri Ratas’ governing center-left Centre party in Sunday’s parliamentary elections. The results put Reform leader Kaja Kallas in the pole position ... More »

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Crane ships begin raising Norwegian navy ship damaged by oil tanker

OSLO (Reuters) – Two crane ships early on Tuesday began raising a submerged Norwegian navy frigate which collided with an oil tanker in November and has remained stranded off Norway’s west coast since, the armed forces said. The accident injured eight people a... More »

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Swedbank replaces EY with forensic auditors to investigate money…

STOCKHOLM (Reuters) – Swedbank said on Tuesday it had hired external forensic auditors to investigate information in a media report linking the bank to a Baltic money laundering scandal, replacing recently appointed audit firm EY. Sweden’s public broadcaster a... More »

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We’ve got this mountain of trash – why don’t we ski down it?

COPENHAGEN (Reuters) – What to do with the mountain of garbage a major metropolitan area produces is an age-old question. Copenhagen has come up with a brand-new answer: ski down the mountain. Well, not exactly. The waste is actually inside Copenhill, a waste-... More »

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Weak construction, chemicals earnings hold Europe back while…

LONDON (Reuters) – European stocks slipped again on Friday, following their weakest day in six weeks, as downgrades to growth forecasts weighed and bleak numbers from Umicore, Skanska, and Rockwool outweighed a sales beat at L’Oreal. The pan-European STOXX 600... More »

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Ribs hurting, but Vonn has another gear left for downhill

ARE, Sweden (Reuters) – Lindsey Vonn made up for lost time at the Alpine ski world championships on Friday by completing the downhill part of the women’s combined as preparation for the final race of her career. The U.S. great, who bows out after Sunday’s down... More »

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Berlin auctioneer expects British, Russian interest in Hitler…

BERLIN (Reuters) – The pictures – three anemic watercolours showing a mountain scene, a river and a distant figure sat beneath a tree – are little different from wares on sale at flea markets the world over, except for the autograph scratched in the corner: “A... More »

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Root and branch reform: Swedish scientist makes fuel from tree waste

LUND, Sweden (Reuters) – Might tree roots, twigs and branches one day be used to power cars? That’s what a Swedish researcher is hoping after developing a pulp byproduct that – on a modest scale – does just that. Chemical engineering scientist Christian Hulteb... More »

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Swedish central bank eyes global uncertainty as it mulls further…

STOCKHOLM (Reuters) – Uncertainties about the global economy mean Sweden’s central bank needs to move cautiously in tightening policy after its first hike in more than seven years, minutes of its December meeting published on Wednesday showed. Last month, the ... More »

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Poland and Lithuania agree to build undersea power cable

WARSAW (Reuters) – Polish and Lithuanian power grid operators said on Friday they had agreed to build a high voltage direct current (HVDC) underwater cable by 2025 as part of a plan to connect the electricity grids of the Baltic states with those of the Europe... More »

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Swedish court adds second rape conviction for man in Nobel scandal

STOCKHOLM (Reuters) – A Swedish appeals court on Monday found Jean-Claude Arnault, the man at the center of a sex scandal that forced the postponement of this year’s Nobel Prize in Literature, guilty of an additional rape and increased his prison term. A lower... More »

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Norway biotech Ultimovacs plans IPO to develop cancer drug

OSLO (Reuters) – Norway’s Ultimovacs plans to raise around 700 million Norwegian crowns ($82 million) in an initial public offering in early 2019 to help fund the development of its immunotherapy cancer drug. “Our main investors are positive and will take a si... More »

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Some banks in Finland face card payment problems

HELSINKI (Reuters) – Clients at some banks in Finland have faced problems with the use of their payment cards on Sunday, payment firm Nets said. “The problems affected card transactions and online banking at some banks in Finland. It was related to a network i... More »

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Sun, sea and … Santas? Father Christmases hold annual congress

COPENHAGEN (Reuters) – Braving Europe’s heatwave, more than 150 Santas from around the world donned their heavy suits and full beards at their annual conference in Denmark. As the 61st World Santa Claus Congress kicked off in Copenhagen, many of the delegates ... More »

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Southgate forced England to face up to Iceland debacle

REPINO, Russia (Reuters) – There has been a relentless positivity and forward-looking tenor to England’s approach to this World Cup but before the adventure in Russia began, manager Gareth Southgate forced his players to confront a nightmare from the past. Two... More »

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South Korea’s LG Display says China approves its OLED factory plan

SEOUL (Reuters) – South Korean LG Display Co Ltd’s plan to build a new organic light-emitting diode (OLED) panel production facility in China has been approved by the Chinese government, the company said on Tuesday. The new China plant will be established thro... More »

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Lithuanian couple win world wife-carrying championship title in…

SONKAJARVI, (Finland) (Reuters) – Fifty-three men slung their wives or partners over their shoulders and hurtled off on an hour-long race in the small Finnish town of Sonkajarvi on Saturday, as thousands of fans cheered from the stands. The World Wife-Carrying... More »

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Sweden are easy to analyze, difficult to beat: coach Andersson

SAMARA, Russia (Reuters) – Sweden coach Janne Andersson has full confidence in his team’s straightforward but effective tactics as he prepares his side for their World Cup quarter-final clash with England on Saturday. Andersson’s men are aiming to reach the la... More »

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Sweden’s Granqvist ready to show England what they missed

SAMARA/SOCHI, Russia (Reuters) – Andreas Granqvist did not set the world alight during his two seasons with the then Premier League side Wigan Athletic, but Sweden’s defensive linchpin is ready to show how far he has come when his side take on England in the W... More »

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Sweden not bothered by misfiring forwards, says pundit Djordjic

SOCHI, Russia (Reuters) – The two Sweden forwards likely to start in Saturday’s quarter-final against England may have only one World Cup goal between them so far, but Swedish pundit Bojan Djordjic says that won’t bother Janne Andersson’s men in the slightest.... More »

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Poised Sweden can beat England and win World Cup: Ibrahimovic

SOCHI, Russia (Reuters) – Sweden can beat England in Saturday’s quarter-finals and eventually win the World Cup in Russia if they can handle the pressure, former captain and record goalscorer Zlatan Ibrahimovic has said. Speaking to reporters at LA Galaxy’s tr... More »

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Spark missing but Croatia still advances to quarter-finals

NIZHNY NOVGOROD, Russia (Reuters) – Croatia showed none of the spark that marked their romp through the group phase but still did enough to edge Denmark in their round-of-16 clash on Sunday and ensure they will take on Russia in the World Cup quarter-finals ne... More »

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Croatia coach praises Modric shootout bravery after miss

NIZHNY NOVGOROD, Russia (Reuters) – Croatia’s elated coach Zlatko Dalic lauded his captain Luka Modric who missed a penalty in extra time but then scored another in a shootout victory over Denmark on Sunday that put them in the World Cup quarter-finals. “I am ... More »

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Merkel aide rejects conservative critique of euro reforms

BERLIN (Reuters) – Chancellor Angela Merkel’s agreement with French President Emmanuel Macron on euro zone reforms does not violate the coalition agreement, as some Bavarian conservatives have suggested, an aide to the German leader said. Chancellery Minister ... More »

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Danish biotech Genmab hit by ending of trial using key cancer drug

COPENHAGEN (Reuters) – Shares in Danish biotech Genmab fell by as much as 25 percent on Monday after its partner Johnson & Johnson decided to ditch a study using its blockbuster cancer drug. Genmab said Janssen, a Johnson & Johnson business, had decided that t... More »

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Norway’s wealth fund voted against Shell climate target motion

OSLO (Reuters) – Norway’s $1 trillion wealth fund voted against a motion at Shell’s annual meeting urging the energy giant to set climate targets, despite a push the fund is making for more firms to do so. Long-term investors with $10.4 trillion of assets unde... More »

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Statoil to become Equinor, dropping ‘oil’ to attract young talent

OSLO (Reuters) – Shareholders in Norway’s largest company, Statoil (STL.OL), will approve on Tuesday the board’s proposal to drop “oil” from its name as its seeks to diversify its business and attract young talent concerned about fossil fuels’ impact on climat... More »

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Shipping’s financiers turning the tide on shipbreaking practices

LONDON (Reuters) – The shipping industry has long been criticized by campaigners for allowing vessels to be broken up on beaches, endangering workers and polluting the sea and sand. Now, it is being called to account from a quarter that may have a bit more clo... More »

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Swedish DJ Avicii ‘could not go on any longer,’ family says

(Reuters) – The family of Swedish DJ Avicii, who was found dead last week in Oman at the age of 28, said on Thursday that he struggled with life and “could not go on any longer.” In their first comment on his death, the cause of which has not been disclosed, t... More »

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Factbox: Commoners who have married into royal families

LONDON (Reuters) – In just over three weeks, U.S. actress Meghan Markle will join a select group of “commoners” to marry into a royal family when she weds Britain’s Prince Harry at Windsor Castle. Markle, 36, follows the likes of Kate Middleton, who married Ha... More »