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The Office Market in San Francisco Is Even Worse Than New York’s By Bloomberg

(Bloomberg) -- San Francisco is expected to have the worst-performing office market in the U.S. this year. Rent and occupancy will likely drop 22% in San Francisco in 2021, the largest decline in the U.S., as technology companies embrace remote work, according to a report by Green Street. The second-biggest drop, at 17%, will be in New York, where office towers have been...

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Alphabet’s Pichai to hold video call with EU antitrust chief January 25 By Reuters

BRUSSELS (Reuters) - Alphabet (NASDAQ:GOOGL) Chief Executive Sundar Pichai will hold a video-conference call with EU antitrust chief Margrethe Vestager on Jan. 25, according to a European Commission schedule published on Friday. Vestager, who is pushing for tough new rules to rein in U.S. tech giants Google, Facebook (NASDAQ:FB), Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN), will discuss digital and competition issues with Pichai,...

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UK seeks right result for Stellantis’ Vauxhall factory as decision looms By Reuters

LONDON (Reuters) - Britain's business minister said the government is working to get the right result for the Vauxhall car factory as owner Stellantis decides in the next few weeks whether to keep the site open. Peugeot-maker PSA said in 2019 it wanted to keep open its northern England Ellesmere Port plant by building the new Vauxhall/Opel Astra there, but that...

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IBM, Intel and Ford Fall Premarket By Investing.com

By Peter Nurse  Investing.com -- Stocks in focus in premarket trade on Friday, January 22nd. Please refresh for updates. Intel (NASDAQ:INTC) stock fell 4.8% after the tech giant disclosed that financially sensitive information was stolen by a hacker from its corporate website, while also announcing plans to do more licensing deals with rivals. IBM ...

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UK body sets billion-pound budget for COVID financial firm collapses By Reuters

By Huw Jones LONDON (Reuters) - Britain's scheme for compensating consumers hit by financial company failures has set itself a billion-pound ($1.37 billion) budget for the coming year to cope with a likely surge in collapses due to COVID-19. The Financial Services Compensation Scheme's (FSCS) budget of 1.04 billion pounds for the 2021/22 financial year that starts in April is its highest...

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European Stock Futures Lower; Consolidating on Covid Concerns By Investing.com

By Peter Nurse  Investing.com - European stock markets are seen opening lower Friday, ending a generally positive week on a cautious note amid concerns that growing Covid-19 cases will stunt economic growth.   At 2:15 AM ET (0715 GMT), the DAX futures contract in Germany traded 0.6% lower, CAC 40 futures in France dropped 0.6% and the FTSE 100 futures contract in the U.K....

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Volkswagen’s profit halves, but deliveries recovering By Reuters

BERLIN (Reuters) - Volkswagen (DE:VOWG_p) reported a nearly 50% drop in its 2020 adjusted operating profit on Friday but said car deliveries had recovered strongly in the fourth quarter, lifting its shares. The world's largest carmaker said full-year operating profit, excluding costs related to its diesel emissions scandal, came in at 10 billion euros ($12.2 billion), compared with 19.3 billion in 2019....

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Take Five: Davos goes virtual By Reuters

1/NON-DAVOS DAVOS It is the end of January, so time for the Davos World Economic Forum (WEF), and Chinese President Xi Jinping, German Chancellor Angela Merkel, Japanese Prime Minister Yoshihide Suga and European Central Bank chief Christine Lagarde are among this year's big-name speakers. But Davos was not spared the pandemic hit; instead of gathering at the Swiss ski resort,...

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