18 December

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UK watchdog reiterates concerns about funeral sector, mulls another probe

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By Tanishaa Nadkar (Reuters) - Britain's competition watchdog said on Friday it still has serious concerns about the lack of transparency in the funeral sector and may consider conducting another investigation when conditions surrounding the coronavirus crisis are more stable. The Competition and Markets Authority (CMA) launched an investigation into the sector in March last year, focusing on funeral directors and crematoria...

18 December

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PM Johnson says he hopes to avoid another lockdown for England

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LONDON (Reuters) - British Prime Minister Boris Johnson said on Friday he hoped that England would not need to go into a third lockdown after Christmas and follow Wales and Northern Ireland in imposing the measure to stop the growing spread of COVID-19. "Obviously we're hoping very much that we'll be able to avoid anything like that," Johnson told reporters. "But...

18 December

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English COVID infections sharply rise after three weeks of falls – survey

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LONDON (Reuters) - The prevalence of COVID-19 cases in England has risen sharply and is back above 500,000 infections in the latest weekly data, the Office for National Statistics said on Friday, after dropping in the three previous weeks. The ONS said an estimated 567,300 people had COVID-19 in the week to December 12, the first full week after the lockdown in...

18 December

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EU, China aim for investment pact by end-2020 – German govt

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BERLIN (Reuters) - The European Union and China appear to have made progress in talks over an investment accord and aim to reach an agreement by the end of 2020, a German government spokesman said. "The negotiations are ongoing," the spokesman told a regular government news conference on Friday. ...

18 December

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WhatsApp tests voice and video calls on desktop version – report

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(Reuters) - Facebook-owned messaging app WhatsApp has rolled out a beta version of its desktop app that features voice and video calls for the first time, according to a report by tech blog WABetaInfo. The move to facilitate calls over large screens would put WhatsApp on par with video-conferencing bigwigs Zoom and Google (NASDAQ:GOOGL) Meet that have seen a meteoric rise...

18 December

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OMV shuns further deals as CEO sees bright future in chemicals

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By Dmitry Zhdannikov and Shadia Nasralla LONDON (Reuters) - Austria's OMV will not make acquisitions before 2022 while it cements its transition into a chemicals group which increasingly uses less crude oil as feedstock, its chief executive said, diverging from other European oil and gas firms focusing on renewables. OMV in October completed a $4.7 billion acquisition of a majority stake in...

18 December

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Irish court to assess Norwegian Air business plan on Jan 22

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DUBLIN (Reuters) - The official overseeing Norwegian Air's protection from its creditors in Ireland will present a report to the Irish High Court on Jan. 22, having received a business plan from the cash-strapped airline. The airline obtained creditor protection this month from courts in Norway and Ireland, giving it some breathing space to restructure its massive debts. Its main aircraft-owning subsidiaries...

18 December

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ECB nominates Elderson as new bank supervisor

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FRANKFURT (Reuters) - The European Central Bank nominated Frank Elderson as the deputy chair of its bank supervision arm, it said on Friday, confirming a widely expected move. Elderson, who joined the ECB board on Dec. 15, will be appointed by the European Union council after approval by the European Parliament. Elderson will replace Yves Mersch, whose term at the ECB...

18 December

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Take Five: Santa vs the Grinch

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1/ CHRISTMAS CONUNDRUM Christmas is coming and many countries are torn between giving citizens a respite from stringent restrictions and tightening those restrictions with coronavirus cases soaring. Recent days saw the toughest tier of restrictions imposed on much of England, Germany going into full lockdown and South Korea facing its worst outbreak since the pandemic started. Germany and the UK will...

18 December

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Analysis-Billions for bar service? Fed bond buying now tied to service sector rebound

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By Howard Schneider WASHINGTON (Reuters) - As U.S. housing starts surged in November to close in on 14-year highs, keeping builders and contractors on the job, consumer spending slumped and in particular the flow of people back to restaurants reversed itself as the coronavirus pandemic intensified. Construction added 27,000 jobs last month. The food and beverage service industry shed 17,000. Guess which...

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News

UK watchdog reiterates concerns about funeral sector, mulls another probe

PM Johnson says he hopes to avoid another lockdown for England

English COVID infections sharply rise after three weeks of falls – survey

EU, China aim for investment pact by end-2020 – German govt

WhatsApp tests voice and video calls on desktop version – report

OMV shuns further deals as CEO sees bright future in chemicals

Irish court to assess Norwegian Air business plan on Jan 22

ECB nominates Elderson as new bank supervisor

Take Five: Santa vs the Grinch

Analysis-Billions for bar service? Fed bond buying now tied to service sector rebound

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