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01 December
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FTSE 100 jumps as upbeat factory activity data fuels recovery hopes

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By Shivani Kumaresan (Reuters) - London's FTSE 100 jumped on Tuesday following its biggest monthly gain in more than three decades as bets of a working COVID-19 vaccine and upbeat factory activity data fuelled hopes of a global economic recovery. The blue-chip FTSE 100 gained 1.7% as data showed China's factory activity accelerated at the fastest pace in a decade in November....

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01 December
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Canary Islands see tourism improving in 2021, but still far below pre-pandemic levels

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MADRID (Reuters) - Authorities on Spain's Canary Islands expect a partial recovery of the archipelago's tourism industry in 2021 as vaccines and testing allow for travel restrictions to be lifted, but the business will still be far below pre-pandemic levels. The islands' regional government expects the number of incoming tourists to plummet to...

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01 December
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Fed’s Barkin Says U.S. Economy Holding Up Amid Virus Resurgence

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(Bloomberg) -- The U.S. economy seems to be holding up despite a surge in Covid-19 cases and hospitalizations, clouding the case for more monetary stimulus, Federal Reserve Bank of Richmond President Thomas Barkin said. ‘’It’s hard to find a huge drop in the real-time data,” Barkin told reporters Monday in a press briefing before a University of South Carolina virtual speech. “I’m thinking...

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01 December
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Dow Ends Month on Sour Note, but Notches Biggest Monthly Gain Since 1987

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By Yasin Ebrahim The Dow notched its biggest monthly gain in over three decades Monday, despite falling on souring U.S.-China tensions amid reports the Trump administration is considering blacklisting two major Chinese companies.  The Dow Jones Industrial Average fell 0.9%, or 271 points, but was up about 10% for November, the biggest monthly gain since January 1987. The S&P 500 was down 0.3%, while...

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01 December
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Euro zone ministers agree to use ESM fund to backstop bank resolution

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BRUSSELS (Reuters) - Euro zone finance ministers agreed on Monday to use their bailout fund, the European Stability Mechanism (ESM) as an emergency backstop for the single currency area's bank resolution fund, German Finance Minister Olaf Scholz said. The agreement, stalled since last year, will make the euro zone more stable and resilient to future crises, Scholz said. "There are decisions, especially...

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01 December
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PM Johnson says hopes vaccines will be approved before Christmas

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LONDON (Reuters) - British Prime Minister Boris Johnson said on Monday he hoped the leading COVID-19 vaccine candidates would be approved by regulators before Christmas. "No vaccine has yet got MHRA (Medicines and Healthcare products Regulatory Agency) approval, but we're obviously hoping that both the Pfizer-BioNTech vaccine and the Oxford-AstraZeneca vaccine will get...

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