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American Airlines Gains as Jefferies Calls It Best Positioned in Recovery By Investing.com

By Christiana Sciaudone Investing.com -- American Airlines (NASDAQ:AAL) rallied 5% after Jefferies (NYSE:JEF) called it the best-positioned airline.Jefferies upgraded American Airlines to hold from underperform with a price target of $25 from $15. Analyst Sheila Kahyaoglu raised the 2023 profit estimate by 2% to $2.10 from $2.05, accounting for higher yields, with some offset from the increase in fuel prices.  American Airlines got...

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Arm Ltd debuts new chip technology aimed at overtaking data centres By Reuters

By Stephen Nellis (Reuters) - Arm Ltd, the British technology firm whose chip technology powers most of the world's smartphones, on Tuesday released a new generation of technology aimed at taking over data centres and artificial intelligence applications ahead of its planned $40 billion merger with Nvidia Corp. Arm released a new version of what is called its instruction set architecture, the...

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New UK-EU financial services pact remains weak on market access By Reuters

By Huw Jones LONDON (Reuters) - A financial services cooperation pact agreed by Britain and the European Union to enable regulators to share information forsees two meetings a year and stops short of any substantive reference to market access, a document showed on Tuesday. Britain left the EU's orbit on Dec. 31, cutting the City of London from its largest export customer....

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UK guarantor lender Amigo gets court green light to cap payouts By Reuters

LONDON (Reuters) - Britain's High Court has given a green light to a rescue plan by Amigo that lets the guarantor lender cut compensation payouts to customers, the company said, a move that has drawn criticism from politicians and consumer groups. Amigo applied to the court for permission to cap payments, saying a deluge of mis-selling claims threatened the firm with collapse....

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DXC Tech Jumps on Bullish Call from Deutsche By Investing.com

By Dhirendra Tripathi Investing.com – DXC Technology (NYSE:DXC) shares rose 6% in Tuesday’s trade following Deutsche Bank (DE:DBKGn)'s upgrade because of improved client service. DXC is an important partner for many Fortune 500 companies, providing core services in information technology and business process outsourcing. Deutsche's new buy rating comes with a target price of $44, which is 46% higher...

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Virgin Galactic’s Got a New Spaceship By Investing.com

By Christiana Sciaudone Investing.com -- Virgin Galactic revealed its latest spaceship, the VSS Imagine, the same day that Cathie Wood's space exploration ETF started trading, pushing shares up more than 3%. Virgin Galactic Holdings Inc (NYSE:SPCE) makes up less than 2% of the famed investor's ETF, which is dominated by Trimble Inc (NASDAQ:TRMB), a tech company, and the The 3D Printing ETF (NYSE:PRNT),...

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BioNTech Jumps After Raising Its Covid Vaccine Goal to 2.5 Billion Doses By Investing.com

By Dhirendra Tripathi Investing.com – Shares of BioNTech (NASDAQ:BNTX) jumped 9% in Tuesday’s trade after the company said it was going to make more Covid-19 vaccine shots than it had planned earlier. The biotech company now aims to make 2.5 billion doses in 2021, compared to its previous target of 2.3 billion to 2.4 billion doses. Additional measures and discussions with potential partners...

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Analysis-No-brainer bet on cheap UK stocks disappoints, believers hang on By Reuters

By Julien Ponthus LONDON (Reuters) - British equities, the trade that ticked every box at the start of 2021, so far haven't delivered the returns investors had hoped for, yet few are giving up hope that equity outperformance will follow as the UK economy starts to re-open. Britain this week started easing stay-at-home lockdown orders while much of Europe, including Germany and...

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Comic: Could Suez Be the Straw That Breaks Globalisation’s Back? By Investing.com

By Geoffrey Smith Investing.com -- The blocking of the Suez Canal last week threw up some big numbers, although perhaps none bigger than the number of Internet memes it generated. Suez carries about 12% of global trade, including 1 million barrels of oil and refined product a day, and about 8% of the world’s trade in liquefied natural gas. Over 19,000 ships sailed...

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