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Month: August 2023

Report says close associates of India’s Adani Group secretly purchased large numbers of shares

NEW DELHI (AP) — Two people closely linked to India’s Adani Group, one of the country’s largest conglomerates, secretly purchased of millions of dollars of stocks in the group’s companies, possibly violating Indian law, according to a report by a network of investigative journalists. Market rules require that at least 25% of a company’s shares

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A train slams into group of workers on the tracks at an Italian station, killing 5 of them

ROME (AP) — Italian authorities say a speeding work train slammed into a group of people doing track maintenance work, killing five workers. The crash occurred shortly after midnight at the station in Italy’s northern town of Brandizzo in the Piedmont region. Piedmont’s governor said the crash’s cause was under investigation. The mayor of Brandizzo

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Greece further reinforces firefighting forces in massive wildfire in northeast burning for 13th day

ATHENS, Greece (AP) — Greek authorities have further reinforced firefighting forces in the country’s northeast, where a massive blaze in its thirteenth day has flared up once more, triggering authorities to issue alerts to residents in the area to be on standby for possible evacuation. More than 100 extra firefighters have been deployed, bringing the

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A building fire in Johannesburg kills at least 73 people, many of them homeless, authorities say

By GERALD IMRAY and MOGOMOTSI MAGOME Associated Press JOHANNESBURG (AP) — A nighttime fire ripped through a rundown five-story building in Johannesburg that was occupied by homeless people and squatters, killing at least 73 people early Thursday, emergency services in South Africa’s biggest city said. Some of the people living in a maze of shacks

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UBS reports huge 2Q profit skewed by Credit Suisse takeover and foresees $10B in cost cuts

By JAMEY KEATEN Associated Press GENEVA (AP) — Swiss banking giant UBS has announced plans to save $10 billion in costs, including through 3,000 staff reductions in Switzerland as it moves ahead with “full integration” of longtime rival Credit Suisse’s domestic operations following a takeover. The announcement on Thursday came as the Zurich-based bank reported

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