23 April

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Half of EU countries likely miss deadline for recovery plan submission By Reuters

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By Jan Strupczewski BRUSSELS (Reuters) - Only half the European Union's 27 countries are likely to submit their EU-financed spending and reform plans by the deadline of the end of April, but that should not delay first disbursements being made in July, EU officials said. Under the EU's 750 billion-euro plan to turn the economy greener and more digital by 2026, each EU government is to present to the European Commission by April 30 a plan on how it wants to spend its share of a mix of EU loans and grants that would finance the...

23 April

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UK records 2,678 new COVID cases, 40 deaths on Friday By Reuters

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LONDON (Reuters) - Britain recorded 2,678 new cases of COVID-19 on Friday, a drop on 2,729 recorded the previous day, according to government data, while a further 40 people had died within 28 days of a positive COVID-19 test. The government said 33,388,637 people had received a first vaccination dose, up from 33,257,651 the previous day, and 11,623,671 had received a second dose. ...

23 April

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EU to strike world’s largest vaccine deal with Pfizer By Reuters

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By Francesco Guarascio PUURS, Belgium (Reuters) - The European Commission said it expects to seal the world's biggest vaccine supply deal within days, buying up to 1.8 billion doses of Pfizer (NYSE:PFE)'s COVID-19 vaccine for the next few years as a debate rages over unfair access to shots for the world's poorest people. The vaccines from the U.S. drugmaker and its German partner BioNTech would be delivered over 2021-2023, Commission President Ursula von der Leyen said during a visit to Pfizer's vaccine plant in Puurs, Belgium. The agreement would be enough to inoculate the...

23 April

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Seeking “driving seat” for EU, Breton to meet chipmaker execs By Reuters

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By Michel Rose and Douglas Busvine PARIS/BERLIN (Reuters) - European industry chief Thierry Breton will hold discussions with the chief executive of chipmaker Intel (NASDAQ:INTC) and a top executive of Taiwanese competitor TMSC on April 30, as the EU seeks to shield itself from shocks in the global supply chain. Breton will meet Intel CEO Pat Gelsinger in Brussels next Friday and will also hold a video conference with Maria Marced, President of TMSC Europe, on the same day, the European Commissioner said. "Increasing our autonomy does not mean isolating ourselves in a world where...

23 April

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Rolls-Royce in constructive talks with Spain over ITP Aero sale By Reuters

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LONDON (Reuters) - British engineering company Rolls-Royce (LON:RR) said it was in constructive talks with Spain over the sale of its Spanish unit ITP Aero, after a media report said Madrid could block the deal. Rolls-Royce is hoping to secure up to 1.5 billion euros ($1.8 billion) from the sale of turbine blade-maker ITP Aero, which it has put on the block as part of a 2-billion-pound ($2.8 billion) asset sale to help repair its balance sheet after the pandemic. Bloomberg reported earlier on Friday that the disposal could be blocked by Spain unless the...

23 April

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Top global central banks close three-month dollar cash tap By Reuters

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FRANKFURT (Reuters) - The central banks of the the euro zone, Britain, Japan and Switzerland said on Friday they would discountinue a three-month auction of U.S. dollars created at the height of a pandemic-induced market rout last year. "In view of the sustained improvements in US dollar funding conditions and low demand...

23 April

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Intel, Kimberly-Clark Fall Premarket; Snap Rises By Investing.com

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By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Friday, April 23rd. Please refresh for updates. Intel (NASDAQ:INTC) stock fell 2.1% after the chip maker’s second-quarter profit forecast fell short of expectations, even as it raised its annual sales outlook, as the company spent heavily to get its manufacturing operations back on track and catch up to rivals with faster chips. Snap (NYSE:SNAP) stock rose 5% after the social media company beat estimates for user growth and revenue as the improved Android version of its popular messaging app Snapchat...

23 April

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Bayer’s agriculture business buoyed by higher produce prices in Q1 By Reuters

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By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) -Bayer said prospects for its agriculture business, the world's largest supplier of seeds and pesticides, have brightened during the first quarter as demand from farmers was improving amid higher produce prices. "In the agriculture business, in particular, we see a market environment that gives us an increasingly positive perspective," Chief Executive Werner Baumann said in the text of a speech posted on the group's website and which will be delivered at next week's annual shareholder meeting. He said first-quarter results would be published on May 12 and the...

23 April

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Novacyt shares jump after operational update By Investing.com

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By Samuel Indyk Investing.com – Shares in Anglo-French company Novacyt jumped over 17% on Friday after the company provided an update on the progress of its R&D programmes to address evolving Covid-19 testing demands. The company announced that its wholly-owned subsidiaries Primerdesign and Microgen Bioproducts have been included in the Public Health England National Framework Agreement, meaning its full range of clinical products, including tests within its accredited portfolio, can be purchased by Public Health England. “The successful inclusion of Primerdesign and Microgen Bioproducts in the PHE National Framework Agreement, coupled with the Company's investment...

23 April

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UK budget office says 2020/21 borrowing might be revised down By Reuters

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LONDON (Reuters) - Britain's budget forecasters said on Friday that estimates of government borrowing during the 2020/21 financial year - which surged due to the coronavirus pandemic - might be revised down in future. The Office for Budget Responsibility said lower-than-expected cash outlays by the government meant its accrued measure of public sector net borrowing (PSNB) could be revised down as more accurate estimates of government spending appear. "We might therefore expect to see downward revisions to PSNB in future iterations of the public finances data and thus the errors relative to our March and November...

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Half of EU countries likely miss deadline for recovery plan submission By Reuters

UK records 2,678 new COVID cases, 40 deaths on Friday By Reuters

EU to strike world’s largest vaccine deal with Pfizer By Reuters

Seeking “driving seat” for EU, Breton to meet chipmaker execs By Reuters

Rolls-Royce in constructive talks with Spain over ITP Aero sale By Reuters

Top global central banks close three-month dollar cash tap By Reuters

Intel, Kimberly-Clark Fall Premarket; Snap Rises By Investing.com

Bayer’s agriculture business buoyed by higher produce prices in Q1 By Reuters

Novacyt shares jump after operational update By Investing.com

UK budget office says 2020/21 borrowing might be revised down By Reuters

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