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UK adds United Arab Emirates, Burundi and Rwanda to travel ban list By Reuters

LONDON (Reuters) - Britain has added the United Arab Emirates, Burundi and Rwanda to its coronavirus travel ban list starting from 1300 GMT on Friday, transport minister Grant Shapps said on Thursday. "This means people who have been in or transited through these countries will be denied entry, except British, Irish and third country nationals with residence rights who must self-isolate for...

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U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.56% By Investing.com

Investing.com – U.K. equities were lower at the close on Thursday, as losses in the Life Insurance/Assurance, Oil & Gas Producers and Fixed Line Telecommunications sectors propelled shares lower. At the close in London, the Investing.com United Kingdom 100 lost 0.56%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Fresnillo PLC (LON:FRES), which rose 6.71% or...

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GM To Sell Only Electric Vehicles by 2035 By Investing.com

By Liz Moyer Investing.com -- General Motors Company (NYSE:GM) is going to sell only electric-powered cars and trucks by 2035 in a bid to become carbon neutral, the company announced on Thursday. “General Motors is joining governments and companies around the globe working to establish a safer, greener and better world,” said Mary Barra, GM Chairman and CEO, in a statement.. “We encourage...

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GameStop Plunges After Brokers Restrict Trading By Investing.com

By Liz Moyer Investing.com -- GameStop Corp (NYSE:GME) plunged 63% Thursday morning after several brokerages blocked trading in the shares after a remarkable run of volatility. The stock was halted multiple times in the morning, currently trading at around $126.01. They have risen more than 400% in  just a week. GameStop, AMC Entertainment Holdings Inc (NYSE:AMC), BlackBerry Ltd (NYSE:BB)...

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War on Wall Street, GDP & Jobless Claims, Earnings Deluge – What’s up in Markets By Investing.com

By Geoffrey Smith Investing.com -- The tug of war continues between Wall Street hedge funds and an army of exuberant and sometimes grievance-driven retail traders. The first reading of U.S. fourth-quarter GDP is due, as are weekly jobless claims. Apple, Tesla and Facebook stock all struggle despite strong results, and oil has a tightening physical market to thank for withstanding the sell-off in...

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Goldman Adviser With EU Ties Has a Warning for the City of London By Bloomberg

(Bloomberg) -- The European Union is unlikely to grant equivalence to the U.K. on financial services, with divergence between the two “the most likely scenario” in coming years, Goldman Sachs adviser Jose Manuel Barroso said. “I personally believe that there will be no permanent equivalence decision on the side of European Union, regarding financial...

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Wall Street Opens Higher as Brokers Squeeze the Squeezers; Dow up 250 Pts By Investing.com

By Geoffrey Smith  Investing.com -- The battle between retail traders and Wall Street hedge funds swung back in favor of the latter at the opening of trade on Wednesday, as various online brokerages made it harder to buy the heavily-shorted stocks that have been squeezed hardest in recent sessions. Interactive Brokers (NASDAQ:IBKR) said it would raise its margin requirements to 100% of long exposures...

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British banks told to pause branch closures By Reuters

By Huw Jones and Iain Withers LONDON (Reuters) - Britain's financial watchdog on Thursday told banks to rethink planned branch closures during the coronavirus lockdown in a warning to lenders seeking drastic cuts to patch up pandemic-dented finances. The Financial Conduct Authority (FCA) said banks should consider the impact of national pandemic restrictions on their ability to comply with regulatory guidance on...

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English health authority says AstraZeneca shot gives “reassuring” immune responses in elderly By Reuters

LONDON (Reuters) - AstraZeneca's COVID-19 vaccine provides reassuring immune responses in elderly people even if data on the precise level of protection is patchy, Public Health England said on Thursday after Germany recommended the shot was only given to under-65s. AstraZeneca's COVID-19 vaccine should only be given to people aged between 18 and 64, Germany's vaccine committee said in a draft recommendation,...

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EU snubs UK envoy amid spat over diplomatic status By Reuters

BRUSSELS (Reuters) - A top European Union official cancelled a meeting set for Thursday with the UK's new envoy to Brussels amid a spat over Britain's refusal to grant the EU's envoys full diplomatic status in London following Brexit, an EU official said. Lindsay Croisdale-Appleby, head of the UK Mission to the EU who took office last week, was informed that his...

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