Europe

Atos SE, the troubled French technology company that’s been fighting to avert bankruptcy, has agreed to sell its Worldgrid unit for €270 million ($294 million) including debt, Bloomberg News reported. French engineering and tech consultant Alten SA has received regulatory approvals to acquire Worldgrid, which provides consulting and engineering services to utility companies, and the deal is expected to close before the end of the year, Atos said in a statement on Tuesday.
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The Bank of England is likely to lower its key interest rate on Thursday and at three further meetings next year before inflation settles at the central bank’s target, the National Institute of Economic and Social Research said Wednesday, the Wall Street Journal reported. In a quarterly report on the outlook for the U.K. and global economies, Britain’s leading economic research body said the annual rate of inflation will likely rise above 3% at the start of next year, from 1.7% in September.
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German manufacturing orders jumped more than expected in September, driven by large-scale orders, offering a glimpse of hope that the recent downturn in the beleaguered sector may be abating, the Wall Street Journal reported. Orders climbed 4.2% on month in September, according to data published Wednesday by Germany’s statistics agency Destatis. That was better than economists’ expectations for a 1.4% rise, according to a Wall Street Journal poll, and contrasts with the 5.4% fall in August orders.
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On October 30, the Moscow Arbitration Court extended the bankruptcy procedure of Radio Liberty (RFE/RL, the media corporation is recognized in Russia as a foreign agent and an undesirable organization, LLC is its Russian legal entity) until June 30, 2025, Oreanda News reported. In the definition on the court's website, the specific date of the next report of the bankruptcy trustee of RCE/RS LLC, Yulia Aga-Kulieva, is not indicated.

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