19 February

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Geoghegan Hart to sponsor youth rider to boost diversity By Reuters

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(Reuters) - Giro d'Italia champion Tao Geoghegan Hart said cycling has a "problem" with diversity and that he will sponsor an under-23 rider to join his former team Hagens Berman Axeon to help address the issue. The Ineos Grenadiers rider, who made the announcement on Instagram https://www.instagram.com/p/CLcBLAenLTq along with a photo of him taking a knee, said the chosen athlete would...

19 February

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Renault clings to turnaround after record $9.7 billion loss By Reuters

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PARIS (Reuters) - Renault (PA:RENA) said on Friday that margins and sales had begun to recover in the second half of 2020 as it embarks on a turnaround plan, though the COVID-19 pandemic dragged the French carmaker to an 8 billion euro ($9.68 billion) loss last year. Chief Executive Luca de Meo, who took over in July, is looking...

19 February

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NatWest to exit Ireland, tumbles to 2020 loss By Reuters

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By Iain Withers and Lawrence White LONDON (Reuters) - NatWest will wind down its under-performing Irish arm Ulster Bank as it swung to a full-year loss for 2020 after COVID-19 lockdowns crunched household spending. The bank will exit the Republic of Ireland following a strategic review, and sell 4 billion euros ($4.84 billion) worth of loans to Allied Irish Banks. The bank...

19 February

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Japan shares lower at close of trade; Nikkei 225 down 0.72% By Investing.com

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Investing.com – Japan equities were lower at the close on Friday, as losses in the Paper & Pulp, Railway & Bus and Real Estate sectors propelled shares lower. At the close in Tokyo, the Nikkei 225 fell 0.72%. The biggest gainers of the session on the Nikkei 225 were Nissan Chemical Industries, Ltd. (T:4021), which rose 4.13% or 250.0...

19 February

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Geely departs from convention with plan for new EV unit – sources By Reuters

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By Yilei Sun and Brenda Goh SHANGHAI (Reuters) - China's Geely plans to set up a firm to explore new approaches to product planning, marketing and sales of electric vehicles (EV), sources said, departing from industry convention whereby EVs are marketed and sold alongside traditional cars. The plan would be Geely's latest push to operate differently after announcing a flurry of tie-ups...

19 February

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Elon Musk says bitcoin is slightly better than holding cash By Reuters

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(Reuters) - Tesla Inc CEO Elon Musk on Thursday said that owning bitcoin was only a little better than holding conventional cash, but that the slight difference made it a better asset to hold. "However, when fiat currency has negative real interest, only a fool wouldn't look elsewhere," Musk said in a tweet. "Bitcoin is almost as bs as fiat money. The...

19 February

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Google names exec to oversee responsible AI research after staff unrest By Reuters

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By Paresh Dave and Jeffrey Dastin OAKLAND, Calif. (Reuters) - Alphabet (NASDAQ:GOOGL) Inc's Google on Thursday named Marian Croak, one of its few Black executives, to oversee research on responsible artificial intelligence (AI) after weeks of internal anger over its firing of a prominent Black scientist. Google confirmed Croak will manage 10 teams, including a dozen scientists studying the ethical considerations of...

19 February

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Canada says alleged Trump interference in extradition case of Huawei’s Meng ‘moot’ By Reuters

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By Steve Scherer and Moira Warburton OTTAWA (Reuters) - Canada's attorney general says accusations that former U.S. President Donald Trump's interfered in Huawei chief financial officer Meng Wanzhou's extradition trial is irrelevant because he is no longer in office. Meng is facing charges of bank fraud in the United States over misleading HSBC about Huawei's business dealings in Iran, causing the...

19 February

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WhatsApp to move ahead with privacy update despite backlash By Reuters

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(Reuters) - Facebook Inc (NASDAQ:FB)'s WhatsApp said on Thursday it will go ahead with its controversial privacy policy update but will allow users to read it at "their own pace" and will also display a banner providing additional information. The messaging platform laid out fresh terms in January, aimed at increasing business transactions on the platform. The policy update would...

19 February

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Uber faces UK Supreme Court ruling on worker rights in gig economy test By Reuters

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By Costas Pitas LONDON (Reuters) - Britain's Supreme Court will rule on Friday in a battle over workers' rights at taxi app Uber (NYSE:UBER) that could have ramifications for millions of people in the gig economy. In a case led by two drivers, a London employment tribunal ruled in 2016 that they were due entitlements such as the minimum wage, paid holidays...

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News

Geoghegan Hart to sponsor youth rider to boost diversity By Reuters

Renault clings to turnaround after record $9.7 billion loss By Reuters

NatWest to exit Ireland, tumbles to 2020 loss By Reuters

Japan shares lower at close of trade; Nikkei 225 down 0.72% By Investing.com

Geely departs from convention with plan for new EV unit – sources By Reuters

Elon Musk says bitcoin is slightly better than holding cash By Reuters

Google names exec to oversee responsible AI research after staff unrest By Reuters

Canada says alleged Trump interference in extradition case of Huawei’s Meng ‘moot’ By Reuters

WhatsApp to move ahead with privacy update despite backlash By Reuters

Uber faces UK Supreme Court ruling on worker rights in gig economy test By Reuters

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