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19 March
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UK’s CMA asks Taylor Wimpey, Countryside to remove some rental contract terms By Reuters

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(Reuters) - Britain's competition watchdog said on Friday it had directed homebuilders Taylor Wimpey (LON:TW) and Countryside Properties to remove certain contract terms that mean leaseholders have to pay ground rents that double every 10 or 15 years. "As this increase is built into contracts, it means people can struggle to sell or mortgage their homes, and so find themselves...

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19 March
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BOJ Carves Out More Policy Flexibility After Three-Month Review By Bloomberg

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(Bloomberg) -- The Bank of Japan clarified the size of its movement range for bond yields and scrapped a buying target for stock funds at the end of a policy review meant to give it more flexibility as its fight to stoke inflation extends further into the future. While leaving its main policy rates unchanged, the bank said the band around its 10-year...

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19 March
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Morecambe’s Songo’o gets six-game ban for homophobic slur By Reuters

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(Reuters) - Morecambe midfielder Yann Songo'o has been suspended for six games after admitting an FA charge of making a homophobic comment during a League Two (fourth-tier) match against Tranmere Rovers in January. Songo'o was sent off after using foul and abusive language towards a Tranmere player in the 45th minute of their 1-0 home defeat on Jan. 30. The FA...

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19 March
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Nasdaq in Steep Drop as Tech Bulls Scatter on Rate Spike By Investing.com

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By Yasin Ebrahim Investing.com -- The Nasdaq slumped Thursday, as a sea of red washed over tech stocks after a spike in U.S. bond yields that has stoked investor worry about paying for higher-valued stocks with a longer road to growth.     The Nasdaq Composite fell 3.0%, the Dow Jones Industrial Average fell 0.46%, or 153 points, after hitting a intraday record of...

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19 March
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FedEx Beats Q3 Forecast as E-Commerce Boom Drives Delivery Demand By Investing.com

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By Yasin Ebrahim FedEx (NYSE:FDX) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue, as the pandemic-fueled jump in ecommerce deliveries and price hikes bolstered performance. FedEx shares gained 2.9% in after-hours trade following the report. FedEx announced earnings per share of $3.47 on revenue of $21.5 billion. Analysts polled by Investing.com anticipated EPS of $3.35 on revenue of...

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19 March
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Exclusive: Targeting Tesla, China’s Geely to launch new premium EV brand – sources By Reuters

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By Yilei Sun and Tony Munroe BEIJING (Reuters) - China's Geely plans to roll out electric vehicles under a new marque with different branding and sales strategies, people familiar with the matter said, as the Volvo owner looks to take on its main EV rival Tesla with higher-end vehicles. The brand, positioned in the premium segment and named "Zeekr", will be housed...

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