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Sunak says COVID support will be reviewed in March budget By Reuters

LONDON (Reuters) - British finance minister Rishi Sunak said he recognised the risks still being faced by companies because of COVID-19 lockdowns, and that he was reviewing support measures ahead of his March 3 budget statement. "We have said that we will review all our economic measures in place to support people through coronavirus at the upcoming budget in the first week...

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IMF lifts global growth forecast for 2021, still sees ‘exceptional uncertainty’ By Reuters

By Andrea Shalal WASHINGTON (Reuters) - The International Monetary Fund on Tuesday raised its forecast for global economic growth in 2021 and said the coronavirus-triggered downturn in 2020 would be nearly a full percentage point less severe than expected. It said multiple vaccine approvals and the launch of vaccinations in some countries in December had boosted hopes of an eventual end to...

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UK minister declines to “speculate” on COVID hotel quarantine plan By Reuters

LONDON (Reuters) - Britain's interior minister Priti Patel said she would not speculate on the introduction of hotel quarantines for people arriving in the country ahead of an announcement expected later on Tuesday. "It'd be wrong to speculate about any measures that are not in place right now as policy is being developed," Patel told lawmakers. Prime Minister Boris Johnson has...

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Who needs to sit next to a trader? Asset managers embrace outsourcing By Reuters

By Carolyn Cohn LONDON (Reuters) - More pension funds, insurers and asset managers are outsourcing part or all of their dealing desks to specialist traders as they seek to cut costs and adapt their operations to deal with the coronavirus crisis, industry sources say. Last year's volatility in markets, plunging as the pandemic took hold and rebounding as government stimulus kicked in,...

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Aviva sets February deadlines for $6.6 billion disposals in France and Poland – sources By Reuters

By Pamela Barbaglia LONDON (Reuters) - British insurer Aviva (LON:AV) has set deadlines in late February to receive final offers for its operations in France and Poland that are worth an overall 5.5 billion euros ($6.67 billion), three sources familiar with the matter told Reuters. Aviva has already secured indicative bids from a series of industry heavyweights and wants to...

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Exclusive: AstraZeneca offers EU earlier supplies in Feb but no clarity on rerouting from UK -sources By Reuters

By Francesco Guarascio and Andrius Sytas BRUSSELS/VILNIUS (Reuters) - AstraZeneca has offered to provide the European Union with earlier supplies of its COVID-19 vaccine in February but has not given clarity on the possible rerouting of doses from Britain to boost EU deliveries, EU officials told Reuters on Tuesday. ...

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General Electric Earnings miss, Revenue beats In Q4 By Investing.com

General Electric (NYSE:GE) reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations. General Electric announced earnings per share of $0.08 on revenue of $21.93B. Analysts polled by Investing.com anticipated EPS of $0.0887 on revenue of $21.76B. General Electric shares are up 1% from the beginning of the year and are trading...

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3M Earnings, Revenue beat in Q4 By Investing.com

3M (NYSE:MMM) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations. 3M announced earnings per share of $2.38 on revenue of $8.58B. Analysts polled by Investing.com anticipated EPS of $2.15 on revenue of $8.39B. 3M shares are down 2% from the beginning of the year and are trading at $170.39 , down-from-52-week-high.They are...

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EU countries could band to sue AstraZeneca for breach of contract – Latvia By Reuters

VILNIUS (Reuters) - European Union member states are considering taking AstraZeneca to court for a breach of supply contracts if the company does not honour the COVID-19 vaccine delivery schedule, Latvian foreign affairs minister Edgars Rinkevics told local radio on Tuesday morning. The minister told radio the EU countries would only be suing as a "coordinated action", Latvian news site Delfi reported....

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PZ Cussons chief says hand-sanitising habits here to stay By Reuters

By Tanishaa Nadkar (Reuters) - PZ Cussons (LON:PZC), the maker of Imperial Leather soap and Carex handwash, posted a higher first-half adjusted pretax profit on Tuesday and said it expects the coronavirus crisis to have a lasting impact on people's stringent hygiene practises even after the pandemic starts to ease. While the size of some industries is expected to go back to...

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