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IMF chief sees ‘high degree of uncertainty’ in global outlook By Reuters

By Andrea Shalal WASHINGTON (Reuters) - The head of the International Monetary Fund said on Monday the global economic outlook remained highly uncertain given the coronavirus pandemic, and a growing divergence between rich and poor countries required the IMF to find more resources. IMF Managing Director Kristalina Georgieva told reporters a new allocation of the IMF's own currency, Special Drawing Rights, would...

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U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.20% By Investing.com

Investing.com – U.K. equities were lower at the close on Monday, as losses in the Fixed Line Telecommunications, Aerospace & Defense and Oil & Gas Producers sectors propelled shares lower. At the close in London, the Investing.com United Kingdom 100 lost 0.20%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Ocado Group PLC (LON:OCDO),...

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UK’s Johnson criticised over lack of COVID welfare commitment By Reuters

LONDON (Reuters) - British Prime Minister Boris Johnson faces widespread criticism on Monday over his refusal to commit to renewing a temporary benefit increase brought in last year to help those on low incomes through the COVID-19 pandemic. Johnson has ordered his lawmakers to abstain on a symbolic vote in parliament later on Monday, putting a new focus on the government's willingness...

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European Stocks Lower; Carrefour Slumps as Takeover Pulled By Investing.com

By Peter Nurse  Investing.com - European stock markets edged lower Monday, starting the week on a downbeat note given Covid-related concerns, and not reassured by healthy-looking Chinese economic growth. At 3:30 AM ET (0830 GMT), the DAX in Germany traded 0.2% lower, the CAC 40 in France fell 0.3% and the U.K.'s FTSE index dropped 0.1%.  China reported Monday that its economy grew...

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UK PM, finance minister to meet business leaders on COVID recovery By Reuters

LONDON (Reuters) - Prime Minister Boris Johnson and finance minister Rishi Sunak will ask 30 business leaders on Monday for their thoughts on economic policy, part of efforts to explore ways of boosting growth in Britain outside the European Union. After completing Britain's journey out of the EU on Dec. 31, Johnson, a figurehead of the Brexit campaign, is talking to businesses...

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