14 December

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London, parts of southeast England put under stringent COVID restrictions

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LONDON (Reuters) - Britain's capital London and parts of southeast England will be put under more stringent COVID-19 restrictions from early on Wednesday, health minister Matt Hancock said, saying the rise in cases could overwhelm hospital services. "Over the last week we've seen very sharp, exponential rises in the virus across London, Kent, parts of Essex and Hertfordshire ...

14 December

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Airbus to hold A320 jet output rate into early 2021 – CEO

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PARIS (Reuters) - Airbus will hold production of A320-family jets at 40 a month going into 2021, chief executive Guillaume Faury said on Monday. Speaking at the Conference of Montreal by video, he did not address the timing or scale of any future production increases, after Airbus recently told suppliers to prepare for an increase to 47 a month from July 2021....

14 December

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UK reports 20,263 new COVID cases, 7-day total up 22%

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LONDON (Reuters) - The United Kingdom reported 20,263 new cases of COVID-19 on Monday, taking the total figure over the past seven days to 131,708, up 21.6% compared with the previous seven-day number, official data showed. The country reported 232 new deaths from the disease, with the seven-day total rising to 2,984, almost unchanged from the previous seven days. Since the...

14 December

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VW CEO Diess stays to lead new executive team but no contract extension

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FRANKFURT (Reuters) -Volkswagen's supervisory board on Monday said Chief Executive Herbert Diess had its full support as he leads a new executive team to transform the German automaker but stopped short of bringing forward a contract extension. In a power struggle leading up to a board meeting on Monday, Diess had demanded an early contract extension and more backing for his reform...

14 December

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U.S. FTC seeks data on how Facebook, Twitter, TikTok and others use personal data

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WASHINGTON (Reuters) - The Federal Trade Commission is seeking information from Facebook (NASDAQ:FB), Twitter and other social media and video streaming companies about how they use the personal information that they collect on their users, the agency said on Monday. In addition to Facebook and Twitter, the orders requesting data were sent to...

14 December

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Boeing inspecting 787 fuselages for previously disclosed defects

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By Eric M. Johnson SEATTLE (Reuters) -Boeing Co quality inspections related to previously disclosed production flaws in its 787 Dreamliner found the same issue in other parts of the jet, the company said on Monday. Boeing (NYSE:BA) said earlier this month that inspections for 787 production flaws were taking longer than expected, hampering the U.S. planemaker's ability to deliver jets to customers...

14 December

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Explainer – Blocking EU-UK trade deal: the level playing field

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By Gabriela Baczynska BRUSSELS (Reuters) - Britain and the European Union are at odds over safeguarding corporate fair play after seven months of negotiations that have yet to yield a deal for tariff- and quota-free trade beyond Dec. 31 when London leaves the bloc's orbit. Here is the so-called "level playing field" explained. WHAT IS IT? The EU says Britain can...

14 December

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U.S. lawmakers urge Trump administration to extension tariff exclusions for PPE

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By Andrea Shalal WASHINGTON (Reuters) - A bipartisan group of 75 lawmakers is urging the Trump administration to extend exclusions from import tariffs on medical products imported from China, including face masks, hand sanitizing wipes and examination gloves, that expire on Dec. 31. In a letter to U.S. Trade Representative Robert Lighthizer, the lawmakers said failure to extend the exclusions would hurt...

14 December

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Move to negative rates in UK may not work, HSBC warns

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By Huw Jones and Iain Withers LONDON (Reuters) - The Bank of England should carefully consider whether negative interest rates would have the outcomes hoped for, a senior HSBC bank executive said on Monday. The BoE is consulting with lenders to see what preparations they need to make if the central bank were to cut interest rates to negative levels to help...

14 December

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Death of World’s Wealthiest Banker Thrusts Heirs Into Spotlight

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(Bloomberg) -- Joseph Safra became the world’s richest banker by transforming a Brazilian lender into a global multibillion-dollar empire. Now, after a long illness and death at 82, it falls to the next Safra generation. What’s at stake is a conglomerate which comprises Banco Safra SA, Safra National Bank of New York and Switzerland’s J Safra Sarasin -- firms with about $85 billion...

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News

London, parts of southeast England put under stringent COVID restrictions

Airbus to hold A320 jet output rate into early 2021 – CEO

UK reports 20,263 new COVID cases, 7-day total up 22%

VW CEO Diess stays to lead new executive team but no contract extension

U.S. FTC seeks data on how Facebook, Twitter, TikTok and others use personal data

Boeing inspecting 787 fuselages for previously disclosed defects

Explainer – Blocking EU-UK trade deal: the level playing field

U.S. lawmakers urge Trump administration to extension tariff exclusions for PPE

Move to negative rates in UK may not work, HSBC warns

Death of World’s Wealthiest Banker Thrusts Heirs Into Spotlight

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