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Aldi to spend additional 3.5 billion pounds on food and drink from British suppliers

(Reuters) - Britain's fifth-biggest supermarket Aldi said Wednesday it plans to increase the amount of food and drink it buys from British suppliers by 3.5 billion pounds ($4.77 billion) within the next five years as the company continues its rapid expansion across the United Kingdom. In September, Aldi, which is privately owned by Germany's Aldi Sud ALDIEI.UL, said it will open around...

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Italy’s Edison sells Norway upstream assets to focus on energy transition

MILAN (Reuters) - Italy's Edison said on Wednesday it had sold its exploration and production assets in Norway to Norwegian oil and gas group Sval Energi as part of its strategy to focus on clean energy. Edison, owned by France's EDF (PA:EDF), said the deal valued Edison Norge AS at $300 million, including debt. It said the impact on its net financial...

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AstraZeneca says has submitted full data for European approval of COVID shot

LONDON (Reuters) - AstraZeneca has submitted full data to pursue a conditional marketing authorisation application from the European Medicines Agency, a spokesman said on Wednesday after an EMA official said more data was needed. "We can confirm that the we have submitted a full data package to support an application for conditional marketing authorisation for the AstraZeneca COVID-19 vaccine to the...

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Analysis: No half measures and mind the gap: UK nod for AstraZeneca vaccine raises more questions

By Alistair Smout LONDON (Reuters) - British health officials greenlighted the AstraZeneca and Oxford COVID-19 shot on Wednesday but also rebuffed one of their central claims: that a half-dose followed by a standard dose offered more protection against infection. The reassessment of the best dosing regimen for the vaccine was an unexpected move by Britain’s medicines regulator based on its own analysis...

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ECB’s Enria ready to use “stick” with banks on bad loans – paper

FRANKFURT (Reuters) - The European Central Bank is ready to "use the stick" to get banks to set money aside against bad loans and reduce the overall level of bad debt resulting from the coronavirus pandemic, the ECB's top supervisor, Andrea Enria, said in an interview published on Wednesday. Enria said only 21 of the 113 banks directly supervised by the ECB...

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House of Commons overwhelmingly backs Brexit trade deal

LONDON (Reuters) - British lawmakers on Wednesday voted in favour of legislation implementing the post-Brexit trade deal agreed with the European Union last week. Lawmakers voted 521 to 73 to progress the bill to its final stages in the lower house of parliament. A second vote, due shortly, will confirm its approval by the lower house before it moves to the upper...

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Wall Street Opens Modestly Higher; Dow up 93 Pts

By Geoffrey Smith  Investing.com -- U.S. stock markets opened modestly higher on Wednesday, shrugging off any disappointment felt at the U.S. Senate's refusal to fast-track a vote on raising the direct payments to households provided for by the latest stimulus bill. Senate Majority Leader Mitch McConnell refused to timetable a vote on increasing the payments to $2,000 from $600 on Tuesday, defying President...

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