17 December

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Every State in U.S. Saw Personal Incomes Drop in Third Quarter

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(Bloomberg) -- Every U.S. state saw personal income drop in the third quarter as stimulus wound down, underscoring the need for fresh aid as Congress moves closer to a deal. West Virginia led declines, contracting 30% at an annual rate, as Michigan, Kentucky and Oklahoma all registered drops exceeding 20%, Commerce Department data showed Thursday. By comparison, incomes fell 1.6% in California and...

17 December

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Huawei to build network equipment factory in France

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PARIS (Reuters) - China's Huawei said on Thursday it would invest 200 million euros in building a mobile phone network equipment factory in the east of France, pressing ahead with the roll-out despite French curbs on firms using its 5G gear. The plant will initially employ 300 people, growing to 500 in the longer term, and its products will go to...

17 December

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S&P 500, Nasdaq Hit Records as Trump Talks Up Stimulus Progress

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By Yasin Ebrahim The S&P 500 and Nasdaq hit intraday highs on Thursday, shrugging off another surge in jobless claims as investors bet on a stimulus rescue for the economy before year-end. The Dow Jones Industrial Average rose 0.40%, or 120 points. The S&P 500 was up 0.47%, while the Nasdaq Composite rose 0.69%. The number of Americans filing for unemployed increased by...

17 December

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Google hit with third lawsuit as U.S. states sue over search monopoly

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By Diane Bartz and Paresh Dave (Reuters) -Alphabet Inc's Google (NASDAQ:GOOGL) on Thursday faced its third major lawsuit as a group of 38 U.S. states and territories filed an antitrust complaint accusing Google of seeking to extend its search monopoly to dominate smart speakers, televisions and cars. The states are asking for their lawsuit to be consolidated with one filed by the...

17 December

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UK year-ahead inflation expectations jump to 3.8% – Citi/YouGov

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LONDON (Reuters) - The British public's expectations for average inflation over the next 12 months jumped to 3.8% in December, their highest since 2011, from 3.3% in November, a survey by YouGov for U.S. bank Citi showed on Thursday, a possible sign of concern over Brexit. Expectations for inflation over a five- to 10-year horizon remained steady at 3.4%. "Despite recent moderation,...

17 December

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UK extends COVID furlough programme until end of April

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LONDON (Reuters) -British finance minister Rishi Sunak announced on Thursday that he would extend a job support programme by another month until the end of April, and that businesses would be able to get new COVID loans until the end of March. The news came after Sunak said he would set out longer-term plans at an annual budget on March 3, as...

17 December

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U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.06%

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Investing.com – U.K. equities were lower at the close on Thursday, as losses in the Mobile Telecommunications, Tobacco and Aerospace & Defense sectors propelled shares lower. At the close in London, the Investing.com United Kingdom 100 lost 0.06%. The biggest gainers of the session on the Investing.com United Kingdom 100 were WPP PLC (LON:WPP), which rose 4.26% or 33.29 points to...

17 December

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Aviva, UniCredit expect non-binding bids for insurance JV next week

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MILAN/LONDON (Reuters) - Aviva (LON:AV) and UniCredit expect non-binding bids for their insurance joint-venture next week as the British insurer moves to divest its Italian operations, three people close to the matter said. UniCredit plans to sell its 49% stake in the joint-venture along with Aviva, the people said. A fourth source familiar with the matter said the joint-venture could...

17 December

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Oxford says vaccine has good immune response with two-dose regimen

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By Reuters Staff LONDON (Reuters) - Oxford's COVID-19 vaccine candidate has a better immune response when a two full-dose regimen is used rather than a full-dose followed by a half-dose booster, the university said on Thursday. The vaccine candidate, which has been licensed to AstraZeneca, previously published interim late stage trial results showing higher efficacy when a half dose was followed...

17 December

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Sunak to unveil next annual budget on March 3

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LONDON (Reuters) - Britain's finance minister Rishi Sunak will present the country's next annual budget on March 3, he announced on Thursday. "The Budget will set out the next phase of the plan to tackle the virus and protect jobs and will be published alongside the latest forecasts from the Office for Budget Responsibility (OBR)," the Treasury said in a statement....

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Every State in U.S. Saw Personal Incomes Drop in Third Quarter

Huawei to build network equipment factory in France

S&P 500, Nasdaq Hit Records as Trump Talks Up Stimulus Progress

Google hit with third lawsuit as U.S. states sue over search monopoly

UK year-ahead inflation expectations jump to 3.8% – Citi/YouGov

UK extends COVID furlough programme until end of April

U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.06%

Aviva, UniCredit expect non-binding bids for insurance JV next week

Oxford says vaccine has good immune response with two-dose regimen

Sunak to unveil next annual budget on March 3

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