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UK’s Prince Philip spends seventh night in hospital By Reuters

By Michael Holden LONDON (Reuters) - Prince Philip, the 99-year-old husband of Britain's Queen Elizabeth, has spent a seventh night in hospital after being admitted as a precaution. Philip, the Duke of Edinburgh, walked into London's private King Edward VII Hospital last Tuesday evening after he was advised by his doctor to be admitted after he felt unwell. Buckingham Palace have said...

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European Stocks Lower; HSBC Weighs While Commodity Prices Rise By Investing.com

By Peter Nurse  Investing.com - European stock markets weakened Tuesday, despite higher commodity prices with HSBC weighing as the region’s largest bank illustrated the current difficulties for the sector. At 4:10 AM ET (0910 GMT), the DAX in Germany traded 1% lower, the CAC 40 in France fell 0.2% and the U.K.'s FTSE index dropped 0.1%. HSBC (LON:HSBA) stock lost 2% after its...

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UK insurance rules changes not part of “deregulatory agenda”, says minister By Reuters

LONDON (Reuters) - A review of capital requirement rules for insurers after Brexit won't be part of a "deregulatory agenda", Britain's financial services minister John Glen said on Tuesday. "This isn't about a gratuitious deregulatory agenda, but proportionate and appropriate changes to reflect the situation happening in the UK," Glen told the Association of British Insurers' annual meeting. ...

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Analysis: How rich is Saudi Arabia? Kingdom does the math in balance sheet overhaul By Reuters

By Davide Barbuscia DUBAI (Reuters) - Saudi Arabia wants to demystify its finances. The kingdom is working on creating a consolidated balance sheet of its assets and liabilities which will include items currently kept off the oil-rich economy's books, including the investments and debts of its powerful sovereign wealth fund. "The main purpose...

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England must come out of pandemic safely, not rush, minister says By Reuters

LONDON (Reuters) - The British authorities are determined to lead England out of the pandemic as fast as safely possible, but no faster, Health Secretary Matt Hancock said on Tuesday when asked about the cautious pace of a roadmap announced a day earlier. "We're all absolutely determined to come out of this as fast as safely possible, but no faster," Hancock...

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UK vaccine supply dips this week but ‘bumper weeks’ ahead, minister says By Reuters

LONDON (Reuters) - Britain is facing a quieter week in its vaccination rollout due to uneven supply schedules, health minister Matt Hancock said on Tuesday, adding he expects supplies to increase next month. Asked about Monday's vaccination figures, which were the lowest level since daily figures were first published on Jan. 11, Hancock said: "It's all about the supply. We have got...

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Britain’s G4S recommends $5.4 billion Allied Universal bid, ending takeover tussle By Reuters

(Reuters) - Private security firm G4S (CSE:G4S) on Tuesday recommended shareholders vote for Allied Universal's final offer valuing the British firm at 3.8 billion pounds ($5.35 billion), after a rare auction ended a bitter months-long takeover battle with Canada's GardaWorld. Allied Universal in a separate statement said it has extended its...

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Mining, energy stocks push FTSE 100 higher; HSBC slides By Reuters

(Reuters) - London's FTSE 100 advanced on Tuesday, as rising commodity prices lifted mining and energy stocks, while HSBC dropped after the lender abandoned its long-term profitability targets. The commodity-heavy FTSE 100 was up 0.7 by 0813 GMT, boosted by oil producers BP (LON:BP) and Royal Dutch Shell (LON:RDSa), which tracked gains in crude prices. [O/R] Shares of miners ...

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