09 July

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Canada shares higher at close of trade; S&P/TSX Composite up 0.91% By Investing.com

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Investing.com – Canada equities were higher at the close on Friday, as gains in the Materials, REITs and Industrials sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite gained 0.91%. The biggest gainers of the session on the S&P/TSX Composite were SunOpta Inc . (TSX:SOY), which rose 6.88% or 0.98 points to trade at 15.22 at the close. Methanex Corporation (TSX:MX) added 5.39% or 2.16 points to end at 42.27 and Lithium Americas Corp (TSX:LAC) was up 4.96% or 0.84 points to 17.77 in late trade. Biggest losers...

09 July

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FTSE climbs back above 7,100, GBP higher, Oil rallies By Investing.com

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Key Points FTSE 100 closing price of 7123.11, +1.31% Travel stocks boost FTSE GBP strong despite soft GDP Oil jumps Bitcoin reclaims $33,000 By Samuel Indyk Investing.com – The FTSE 100 reclaimed much of Thursday’s losses to close back above 7,100 after briefly dropping below 7,000 in yesterday’s trading session. Travel stocks were trading higher after a number of them reported a surge in bookings since the UK government eased some travel restriction. Transport Secretary Grant Shapps on Wednesday announced that UK passengers would not have to self isolate when they return from ‘amber’ list countries,...

09 July

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Britain’s Southern Water receives record fine over sewage pollution By Reuters

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LONDON (Reuters) - Britain's Southern (NYSE:SO) Water was handed a record fine of 90 million pounds on Friday after pleading guilty to illegal discharges of sewage which polluted rivers and coastal waters in southern England, the government said. The Environment Agency said the case, the largest in its history, saw pollution offences from 16 waste water treatment works and one storm overflow and that Southern Water pleaded guilty on 51 counts. "With nature in crisis, no one should profit from undermining environmental laws," Emma Howard Boyd, chair of the Environment Agency, said in a statement. "This...

09 July

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Fed says shortages of materials, hiring problems holding back recovery By Reuters

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WASHINGTON (Reuters) - Shortages of materials and "difficulties in hiring" are holding back the U.S. economic recovery from the coronavirus pandemic and have driven a "transitory" bout of inflation, the Federal Reserve said on Friday. "Progress on vaccinations has led to a reopening of the economy and strong economic growth," the U.S. central bank said in its semiannual report to Congress on the state of the economy. However, "shortages of material inputs and difficulties in hiring have held down activity in a number of industries." The report will be the subject of hearings in Congress next...

09 July

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Canadian Labor Market Bounces Back Strongly After Lockdowns By Bloomberg

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(Bloomberg) -- Canada’s job market roared back to life faster than expected in June, reversing the bulk of employment losses from country-wide lockdowns earlier this year. The economy added 230,700 positions last month, Statistics Canada said Friday in Ottawa, versus economists’ expectations for an increase of 175,000. The nation had lost 275,000 jobs in April and May as governments shut down parts of the economy to contain a third wave of Covid-19 cases. The report shows companies are prepared to rehire workers as pandemic restrictions are lifted, though there was one bit of weakness in the...

09 July

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Volkswagen posts H1 operating profit of $13 billion By Reuters

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FRANKFURT (Reuters) - Volkswagen (DE:VOWG_p) on Friday said first-half operating profit came in at around 11 billion euros ($13 billion), as demand recovered strongly from a drop caused by the impact of the coronavirus pandemic. The group also said that based on preliminary figures for the first six months, reported automotive net cash flow came in at around 10 billion euros. Volkswagen is scheduled to publish second-quarter results on July 29. ...

09 July

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Picky “vaccine sommeliers” undermine Brazil inoculation campaign, experts say By Reuters

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By Pedro Fonseca and Eduardo Simões RIO DE JANEIRO/SAO PAULO (Reuters) - One question rippled through the queue outside a makeshift inoculation center in Rio de Janeiro's beachside neighborhood of Copacabana on a recent morning: "Which vaccine are they using?" Despite the world's second-highest death toll and infections running high, people across Brazil are refusing to receive their shot if the vaccine being used is not to their satisfaction. Local media have dubbed them "the vaccine sommeliers". There are no official figures on the total number of people cherry-picking their vaccines, but dozens of towns in...

09 July

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Swedish PM Lofven names unchanged cabinet By Reuters

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STOCKHOLM (Reuters) - Swedish Prime Minister Stefan Lofven reappointed his previous cabinet of Social Democrats and Greens on Friday following his re-election as premier this week. Lofven resigned last month after losing a no-confidence vote but got re-elected by parliament on Wednesday. He reappointed Social Democrats Magdalena Andersson as finance minister and Ann Linde as foreign minister. [L5N2OJ3T3] Lofven will head a weakened government after he was forced to step down and seek new support. He is yet to find sufficient backing to pass a budget and has said he will resign once again if...

09 July

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Exclusive-Dover warns of Brexit trade disruption as tourists hit Europe By Reuters

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By Kate Holton DOVER, England (Reuters) - Trade disruption could return if British holidaymakers head for European summer breaks, the head of the country's biggest port said, calling on the government to urgently reconsider funding to redevelop Dover to prevent long-term damage. Britain's passage out of the European Union was eased by a lack of tourist traffic to France during the COVID-19 pandemic, enabling port staff to process the extra paperwork now required for trucks to access Europe and keep goods moving. But the government dropped a travel quarantine requirement for fully vaccinated Britons on Thursday,...

09 July

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French champagne maker: we can’t let Russia water down our brand By Reuters

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By Elizabeth Pineau and Clotaire Achi URVILLE, France (Reuters) - French champagne producer Michel Drappier loves Russian customers: he sells them thousands of bottles every year, the national airline serves his brand in business class, and it was on the menu when Vladimir Putin visited France. But Drappier worries a new Russian law on labelling imported champagne will undermine the principle he holds sacrosanct, that only champagne produced in France's Champagne region is worthy of the name. "The word 'champagne' is magical," Drappier, 62, said at the vineyard that has been in his family for seven...

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Canada shares higher at close of trade; S&P/TSX Composite up 0.91% By Investing.com

FTSE climbs back above 7,100, GBP higher, Oil rallies By Investing.com

Britain’s Southern Water receives record fine over sewage pollution By Reuters

Fed says shortages of materials, hiring problems holding back recovery By Reuters

Canadian Labor Market Bounces Back Strongly After Lockdowns By Bloomberg

Volkswagen posts H1 operating profit of $13 billion By Reuters

Picky “vaccine sommeliers” undermine Brazil inoculation campaign, experts say By Reuters

Swedish PM Lofven names unchanged cabinet By Reuters

Exclusive-Dover warns of Brexit trade disruption as tourists hit Europe By Reuters

French champagne maker: we can’t let Russia water down our brand By Reuters

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