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Amazon’s Bezos to step down as CEO; quarterly revenue tops $100 billion for first time By Reuters

By Jeffrey Dastin and Akanksha Rana (Reuters) -Amazon.com Inc on Tuesday said founder Jeff Bezos would step down as CEO and become executive chairman, as the company reported its third consecutive record profit and quarterly sales above $100 billion for the first time. The transition, slated for the third quarter, will make current...

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EU to temporarily withdraw staff from Northern Irish ports – spokesman By Reuters

(Reuters) - EU staff will be temporarily withdrawn from their work at Northern Irish ports due to security concerns, the EU Commission said on Tuesday. "We asked them not to attend their duties today, and we will continue to monitor the situation and adapt accordingly," an EU Commission spokesman said, adding that security of EU staff in Northern Ireland was a high...

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Canada shares higher at close of trade; S&P/TSX Composite up 1.08% By Investing.com

Investing.com – Canada equities were higher at the close on Tuesday, as gains in the Healthcare, Industrials and Consumer Discretionary sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite added 1.08%. The biggest gainers of the session on the S&P/TSX Composite were Aphria Inc (TSX:APHA), which rose 12.34% or 1.980 points to trade at 18.020 at...

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Haunted by sanctions, Myanmar businesses fear grim future under military By Reuters

(Reuters) - Businesses in Myanmar are bracing for a grim economic fallout from Monday's coup, which has stirred memories of the dark days of military rule and international isolation that stifled the country's development. Businesses in the biggest city Yangon were already struggling from the coronavirus epidemic and say the military's ousting...

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Scotland to quarantine everyone arriving from abroad, first minister says By Reuters

LONDON (Reuters) - The Scottish government will require everyone arriving directly into Scotland from overseas to quarantine, regardless of where they have come from, First Minister Nicola Sturgeon said on Tuesday. "I can confirm today that we intend to introduce a managed quarantine requirement for anyone who arrives directly into Scotland, regardless of which country they have come from," Sturgeon said...

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‘Buy the dip’: Retail traders urge others to keep the faith as GameStop tumbles By Reuters

By Tommy Wilkes LONDON (Reuters) - The Reddit online forum that fired up a global trading frenzy was in a more sober mood on Tuesday, with many retail investors begging others to "buy the dip" as their favourite stocks plunged. An army of retail punters had sent shares in U.S. videogame chain GameStop (NYSE:GME) and cinema operator AMC soaring in the past...

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‘Papa Musk’ tweets raise cheer in wrong Clubhouse By Reuters

By Danilo Masoni (Reuters) - When Elon Musk says something, something moves somewhere on a market. Just not always what you might expect. Shares in Clubhouse Media Group jumped 117% at one point on Monday after the billionaire Tesla CEO tweeted on Sunday he would go live on the similarly named social media audio app. The privately owned Clubhouse app in fact...

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Vodafone prepares telecom towers business for March IPO – sources By Reuters

By Arno Schuetze and Abhinav Ramnarayan FRANKFURT (Reuters) - Vodafone (LON:VOD) plans to float Vantage Towers, its European mobile phone masts business, on the Frankfurt stock exchange in March in a share offering worth about 3 billion euros ($3.6 billion), three people close to the matter said. Vodafone has chosen a full bank syndicate including UBS, Morgan Stanley...

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English and Welsh alcohol deaths soared during last year’s COVID lockdown – ONS By Reuters

By Michael Holden LONDON (Reuters) - The number of people dying in England and Wales from alcohol-specific causes rose to a record rate in the first nine months of last year when COVID-19 lockdown measures were in force, according to official figures on Tuesday. The Office for National Statistics (ONS) said provisional data showed between January to September there had been...

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