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Japan’s economy to recover to pre-pandemic levels next year, says BOJ’s Kuroda By Reuters

By Leika Kihara TOKYO (Reuters) - Japan's economy will likely recover to levels before the coronavirus pandemic as early as March next year, Bank of Japan Governor Haruhiko Kuroda said on Monday, offering an upbeat view on its recovery prospect despite headwinds from COVID-19. Kuroda also said a combination of expansionary fiscal and monetary policies have successfully stabilised Japan's economy, signalling that...

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UK opposition leader Starmer says he’s self-isolating, no COVID symptoms By Reuters

LONDON (Reuters) - Britain's opposition Labour leader Keir Starmer said on Monday he was self-isolating after coming into contact with someone who had tested positive for COVID-19, the third time he has needed to quarantine. "I have no symptoms and will be working from home until next Monday," Starmer said on Twitter. Starmer also had to self-isolate in September after...

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Nike urges court to throw out EU probe into Dutch tax deal By Reuters

By Foo Yun Chee BRUSSELS (Reuters) - U.S. sportswear maker Nike (NYSE:NKE) on Monday urged Europe's second-highest court to annul an EU investigation into its Dutch tax rulings, saying the bloc's competition enforcers had failed to show these amounted to illegal state aid. The European Commission launched an investigation into Nike's Dutch tax status in January 2019, part of a...

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Dr. Martens looks to raise 1.3 billion pounds in London IPO By Reuters

(Reuters) - Classic British boot brand Dr. Martens said on Monday it was looking to raise up to 1.3 billion pounds ($1.78 billion) from a London listing, targeting a free float of around 35% of its issued share capital before greenshoe. The company, known for its yellow stitching and a youth culture staple, said the price range for the IPO would be between...

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Hong Kong’s Cathay Pacific warns of capacity cuts, higher cash burn By Reuters

(Reuters) - Cathay Pacific Airways Ltd on Monday warned passenger capacity could be cut by about 60% and monthly cash burn may rise if Hong Kong installs new measures that require flight crew to quarantine for two weeks. Hong Kong's flagship carrier said the expected move will increase cash burn by about HK$300 million ($38.70 million) to HK$400 million per month, on...

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ECB to launch climate change centre, Lagarde says By Reuters

FRANKFURT (Reuters) - The European Central Bank is setting up a climate change centre to coordinate the bank's thinking on how to best incorporate climate issues into monetary policy and banking supervision, ECB President Christine Lagarde said on Monday. "We are now launching a new climate change centre to bring together more efficiently the different expertise and strands of work on...

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Analysis: Foreigners suspend disbelief, edge back into Turkish markets By Reuters

By Nevzat Devranoglu, Rodrigo Campos and Jonathan Spicer ANKARA/NEW YORK (Reuters) - Foreign investors who for years saw Turkey as a lost cause of economic mismanagement are edging back in, drawn by the promise of some of the biggest returns in emerging markets if President Tayyip Erdogan stays true to a pledge of reforms. More than $15 billion has streamed into...

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Britain’s Boohoo buys Debenhams brand while ASOS moves for Topshop By Reuters

By James Davey LONDON (Reuters) - Britain's two biggest online fashion retailers Boohoo and ASOS (LON:ASOS) have moved to buy the brands of collapsed high street giants Debenhams and Arcadia, underlining how the COVID-19 pandemic has turbocharged growth in digital sales. Boohoo on Monday acquired the Debenhams brand and other business assets, including all its in-house brands and websites for 55 million...

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