26 March

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Engineering firm Smiths Group sees better second half after profit beat By Reuters

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(Reuters) - Smiths Group (LON:SMIN) on Friday forecast improving trends for the second half of the fiscal year after the British engineering firm reported a better-than-expected profit and added that it was on track to separate its medical unit by the fourth quarter. The company, whose baggage screening kit and explosive detectors are a common sight in airports, said headline...

26 March

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China’s Industrial Strength Drives Economic Rebound In March By Bloomberg

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(Bloomberg) -- China’s economic rebound continued in March, as factory activities accelerated amid strong global orders and recovering domestic demand, leading to a surge in producer prices. That’s the outlook of an aggregate index combining eight early indicators tracked by Bloomberg, which remained unchanged from February in strong expansionary territory. A boom in exports across Asia looks set to continue and will support...

26 March

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Burberry becomes first luxury brand to suffer Chinese backlash over Xinjiang By Reuters

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By Ryan Woo BEIJING (Reuters) - Burberry has lost a Chinese brand ambassador and its hallmark tartan design was scrubbed from a popular video game, becoming the first luxury brand assailed by the Chinese backlash to Western accusations of abuses in Xinjiang. China on Friday sanctioned organisations and individuals in the United...

26 March

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Space SPAC Jumps on Deal for Redwire By Investing.com

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By Dhirendra Tripathi Investing.com – Genesis Park Acquisition (NYSE:GNPK) shares rose 3% on Thursday following news that space infrastructure provider Redwire will merge with the special purpose acquisition company. Genesis Park Acquisition raised $166 million through its November 2020 initial public offering. Redwire provides space infrastructure technology and services. The combined company will retain the Redwire name and is expected to trade on...

26 March

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Analysis: China airfares rebound in potential rehearsal for global recovery By Reuters

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By Stella Qiu and Jamie Freed BEIJING/SYDNEY (Reuters) - Widely watched airfares in China are recovering to pre-pandemic levels as domestic tourists lead a patchy air travel recovery, scattering crumbs of hope to a shattered global travel sector. With international markets like Europe still in partial lockdown, the global tourism industry's attention is riveted on China's new travel patterns as it...

26 March

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Northern Ireland leader tells UK govt to ‘back off’ on abortion By Reuters

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BELFAST (Reuters) - Northern Ireland First Minister Arlene Foster on Thursday called on British Prime Minister Boris Johnson's government to "back off" in its attempts to bypass the devolved government and force the region to expand access to abortion. Johnson's minister for Northern Ireland issues, Brandon Lewis, this week published legislation that would give the government power to force the region to...

26 March

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S&P 500 Cuts Losses as Selloff Triggers Dip Buying of ‘Oversold’ Stocks By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 eased off lows Thursday as tech cut some losses after a move into oversold territory triggered a wave of buying that some on Wall Street believe could fuel another rally. The S&P 500 was up 0.18%, the Dow Jones Industrial Average rose 0.23%, or 75 points, the Nasdaq Composite was down 0.4%, but had been...

26 March

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Exclusive: Chinese smartphone maker Xiaomi to make EVs using Great Wall’s plant – sources By Reuters

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By Julie Zhu and Yilei Sun HONG KONG/BEIJING (Reuters) - China's Xiaomi Corp plans to make electric vehicles (EVs) using Great Wall Motor Co Ltd's factory, said three people with direct knowledge of the matter, making it the latest tech firm to join the smart mobility race. Xiaomi, one of the world's biggest smartphone makers, is in talks to use one...

26 March

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Asian stocks set to rise on firmer U.S. equities, vaccine hopes By Reuters

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By Katanga Johnson WASHINGTON (Reuters) - Asian markets are set to open higher on Friday after U.S. equities rose as investors weighed the outlook for economic growth and inflation and welcomed progress on vaccination rollouts. "Market sentiment remains fairly bullish, and volatility, by post-pandemic standards, is remarkable low," said IG Markets analyst, Kyle Rodda. "At the moment – and indeed, this...

26 March

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Canada calling? Hong Kong residents shift billions abroad after clampdown By Reuters

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By Sarah Wu and Nichola Saminather TORONTO (Reuters) - As China imposed a sweeping national security law in Hong Kong last year after massive protests, residents of the city moved tens of billions of dollars across the globe to Canada, where thousands are hoping to forge a new future. Capital flows out of...

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News

Engineering firm Smiths Group sees better second half after profit beat By Reuters

China’s Industrial Strength Drives Economic Rebound In March By Bloomberg

Burberry becomes first luxury brand to suffer Chinese backlash over Xinjiang By Reuters

Space SPAC Jumps on Deal for Redwire By Investing.com

Analysis: China airfares rebound in potential rehearsal for global recovery By Reuters

Northern Ireland leader tells UK govt to ‘back off’ on abortion By Reuters

S&P 500 Cuts Losses as Selloff Triggers Dip Buying of ‘Oversold’ Stocks By Investing.com

Exclusive: Chinese smartphone maker Xiaomi to make EVs using Great Wall’s plant – sources By Reuters

Asian stocks set to rise on firmer U.S. equities, vaccine hopes By Reuters

Canada calling? Hong Kong residents shift billions abroad after clampdown By Reuters

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