By Foo Yun Chee BRUSSELS -Amazon, Microsoft and other providers of cloud and data processing services will have to set up safeguards to prevent non-EU governments gaining illegal access to …
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Brazilian shoemaker Alpargatas raises $492 million in share sale
by Reutersby ReutersSAO PAULO – Brazilian shoemaker Alpargatas has raised 2.49 billion reais ($492 million) in a planned follow-on share offering, a securities filing showed. Investment firm Itausa, which was already one …
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By Yousef Saba DUBAI -First Abu Dhabi Bank, the United Arab Emirates’ largest lender, is set to sell $500 million in senior unsecured Islamic bonds at 75 basis points over …
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By Francesco Canepa FRANKFURT – From Luxembourg to New Zealand, global house prices have been surging as pandemic stimulus and a shift to work from home added fuel to a …
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Vodafone looks to sell stake worth $2.5 billion in Indian cell tower firm
by Reutersby Reuters-Britain’s Vodafone is looking to sell its entire 28.1% stake in Indus Towers Ltd, India’s largest cell tower firm, the telecom group said on Wednesday. Vodafone has launched an initial …
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Localiza, Unidas close to assets sale to win merger approval -report
by Reutersby ReutersSAO PAULO -Brazilian rental car firms Localiza and Unidas, formally known as Companhia de Locacao das Americas, are close to selling assets to win approval from antitrust watchdog Cade for …
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Facebook did not label posts from top climate change deniers, report says
by Reutersby ReutersBy Elizabeth Culliford – Facebook did not add labels to half of posts pushing content from top climate change deniers, according to an analysis from the Center for Countering Digital …
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ECB’s de Guindos says asset purchases must end before raising rates
by Reutersby ReutersMADRID – European Central Bank Vice-President Luis de Guindos said on Wednesday that the institution will first need to end asset purchases before interest rates can rise. “We will look …
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By Twinnie Siu and Donny Kwok HONG KONG -Hong Kong will offer tax breaks, handouts and subsidies to small businesses and residents, to mitigate the impact of the most stringent …
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UK says it is ready to guarantee up to $500 million loans to support Ukraine
by Reutersby ReutersLONDON – Britain is ready to guarantee up to $500 million (367.62 million pounds) in loans to support Ukraine and help mitigate the economic effects of Russian aggression, the foreign …
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UK says it is ready to guarantee up to $500 million loans to support Ukraine
by Reutersby ReutersLONDON – Britain is ready to guarantee up to $500 million (367.62 million pounds) in loans to support Ukraine and help mitigate the economic effects of Russian aggression, the foreign …
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FRANKFURT – The European Central Bank should keep a steady hand rather than tighten its policy in the face of external shocks like scarce supply and the green transition, ECB …
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Russia will offer only new OFZ government bonds after U.S. sanctions
by Reutersby ReutersBy Andrey Ostroukh MOSCOW – Russia will offer only new series of OFZ government bonds and stop offering existing series of debt, the finance ministry said on Wednesday, after the …
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By Andy Bruce LONDON – The International Monetary Fund told the Bank of England on Wednesday to be clear about its plans to withdraw stimulus for Britain’s economy, following criticism …
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FRANKFURT – The European Central Bank should start to gradually normalize monetary policy given building inflationary pressures, Slovenian central bank chief Bostjan Vasle said in a magazine article. “The time …
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FRANKFURT – Uniper, one of the five co-financiers of Gazprom’s Nord Stream 2, is currently not examining any legal steps in the wake of Germany’s decision to indefinitely suspend the …
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Aston Martin sales rev up on higher prices, more profitable cars
by Reutersby ReutersBy Nick Carey LONDON -Aston Martin narrowed its annual loss in 2021 as sales surged and the company said on Wednesday it expected further improvements this year as it launches …
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By Foo Yun Chee LUXEMBOURG -The world’s No. 1 logistics company, United Parcel Service Inc, on Wednesday lost its court fight for a record 1.74-billion euro ($2 billion) compensation claim …
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By Yadarisa Shabong -Metro Bank said on Wednesday its annual loss narrowed and it has put aside 5.3 million pounds ($7.2 million) to resolve an investigation by Britain’s financial regulator …
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By Emma Thomasson BERLIN -Puma said on Wednesday it expected sales to grow at least 10% in 2022 but the German sportswear maker cautioned that a consumer boycott in China …
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By Sachin Ravikumar -Fashion retailer Ted Baker is “cautiously optimistic” about the outlook for the current year after a 35% year-on-year jump in sales in the fourth quarter, a period …
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LONDON – Bank of England Governor Andrew Bailey and other top officials from the British central bank spoke to lawmakers on Wednesday about their decision earlier this month to raise …
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Biden team seeks port revival plans as it spends infrastructure cash
by Reutersby ReutersWASHINGTON – The Biden administration is looking for projects to revamp U.S. ports as it ramps up spending from the $1 trillion infrastructure bill. President Joe Biden, facing political pressure …
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UK in most challenging time for monetary policy since 1992: BoE’s Broadbent
by Reutersby ReutersLONDON – Britain is in the midst of its most challenging period for monetary policy since it started to target inflation 30 years ago, Bank of England Deputy Governor Ben …
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– Poland’s registered unemployment rate rose to 5.5% in January compared with 5.4% in December, statistics office data showed on Wednesday, below analysts’ expectations of 5.6%. The statistics office also …