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Britain backtracks over Brexit curbs on cross-border swaps trading

LONDON (Reuters) -Britain's markets watchdog said on Thursday it would allow UK market participants to use platforms in the European Union to trade swaps for up to three months in a bid to avoid potential disruption in markets. Following Britain's full withdrawal from the EU at 2300 GMT on Thursday, UK and EU market participants faced not being able to trade swaps...

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EU wants swift resolution of aircraft dispute with Biden

BRUSSELS (Reuters) - The European Commission said on Thursday that new U.S. tariffs on EU products disrupted ongoing negotiations with Washington to resolve a 16-year battle over aircraft subsidies and it hoped to find a swift solution with the next U.S. president, Joe Biden. The Commission, which coordinates trade policy for the 27-nation European Union, said it regretted the U.S. action, which...

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Britain says decision to suspend U.S. tariffs already paying off

LONDON (Reuters) - Britain said on Thursday its decision to suspend retaliatory tariffs against the United States was already bearing fruit after it was spared in a new round of U.S. tariff increases which hit French and German produce. Britain said earlier this month it would use its new-found freedom outside the European Union to diverge from common EU trade policy towards...

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UK names Tesco and Pizza Hut for biggest breaches of minimum wage law

By David Milliken LONDON (Reuters) - Tesco (LON:TSCO) and Pizza Hut were the two biggest offenders among 139 employers who failed to pay staff the minimum wage between 2016 and 2018, Britain's government announced on Friday after it resumed a policy of publicly naming firms that broke rules. Supermarket chain Tesco, Britain's largest private-sector employer, underpaid 78,199 staff by a...

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FTSE 100 set for worst year since 2008 financial crisis

By Shivani Kumaresan (Reuters) -London stocks fell in thin trading on Thursday, on course for their worst year since the 2008 financial crisis, as the United Kingdom widened restrictions to stem a new variant of the coronavirus that is raging across the country. The blue-chip FTSE 100 lost 1.7%, with consumer and financial stocks, mainly Unilever (LON:ULVR), Diageo ...

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Airbus says U.S. tariffs counterproductive, Europe should respond

BRUSSELS (Reuters) - The U.S. decision to expand tariffs against the European Union to components for aircraft made in the United States would harm its own workers and consumers and Europe should respond "appropriately", Airbus said on Thursday. "USTR's expansion of tariffs to include components for aircraft manufactured in the U.S. – by American workers – is counterproductive in every way," a...

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Apple removes 39,000 game apps from China store to meet deadline

By Pei Li HONG KONG (Reuters) - Apple (NASDAQ:AAPL) removed 39,000 game apps on its China store Thursday, the biggest removal ever in a single day, as it set year-end as deadline for all game publishers to obtain a licence. The takedowns come amid a crackdown on unlicensed games by Chinese authorities. Including the 39,000 games, Apple removed more than 46,000 apps...

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Northern Ireland follows rest of UK, Ireland in delaying school return

DUBLIN (Reuters) - Primary and secondary school children in Northern Ireland will return to the classroom later than planned because of "unprecedented levels" of positive COVID-19 tests since Christmas, Education Minister Peter Weir said on Thursday. Northern Ireland reported a record 2,143 new COVID-19 cases on Wednesday, raising the number of cases per 100,000 people in the past seven days to 377...

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