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European shares rise on upbeat Hermes earnings; Renault slides By Reuters

(Reuters) - European shares edged higher on Friday as an upbeat earnings report from Hermes boosted confidence in a broader economic recovery, although the benchmark STOXX 600 was set to snap a two-week gaining streak on concerns about a rise in inflation. The pan-European index was up 0.1% by 0808 GMT, with Hermes shares jumping 5.7% as the Birkin bag maker said...

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Undeterred by Facebook news blackout, Australia commits to content law By Reuters

By Byron Kaye SYDNEY (Reuters) - Australian Prime Minister Scott Morrison vowed on Friday to press ahead with laws to force Facebook Inc (NASDAQ:FB) to pay news outlets for content, saying he had received support from world leaders after the social media giant blacked out all media. Facebook stripped the pages of domestic and foreign news outlets for Australians and...

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Siemens Healthineers gains EU nod for $16.4 billion Varian buy By Reuters

BRUSSELS (Reuters) - EU antitrust regulators on Friday cleared with conditions Siemens Healthineers' $16.4 billion acquisition of U.S. peer Varian, paving the way for the German health group to become a world leader in cancer care therapy. The European Commission said Siemens Healthineers pledged to ensure that its medical imaging and radiotherapy equipment will work with rivals in return for its approval,...

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Britain’s MI6 spy master apologises for historic discrimination against LGBT+ people By Reuters

By Guy Faulconbridge LONDON (Reuters) - The chief of Britain's MI6 foreign intelligence service publicly apologised on Friday for historic discrimination against lesbian, gay, bisexual, and transgender (LGBT+) people in the spy agencies before 1991. Britain decriminalised homosexual acts between men in 1967, but its spy agencies refused to hire gay, lesbian and transgender officers until 1991 because they believed they...

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UK might need negative rates if recovery disappoints – BoE’s Vlieghe By Reuters

By David Milliken and William Schomberg LONDON (Reuters) - The Bank of England might need to cut interest rates below zero later this year or in 2022 if a recovery in the economy disappoints, especially if there is persistent unemployment, policymaker Gertjan Vlieghe said on Friday. Vlieghe said he thought the likeliest scenario was that the economy would recover strongly as forecast...

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Dow Futures Rise 60 Pts; Yellen Defends Need for More Stimulus By Investing.com

By Peter Nurse    Investing.com - U.S. stocks are seen opening slightly higher Friday, ending a subdued week on a positive tone as Treasury Secretary Janet Yellen asserted the need for a substantial stimulus package to consolidate the country’s economic recovery.   At 7:15 AM ET (1215 GMT), the Dow Futures contract was up 60 points, or 0.2%, S&P 500 Futures traded 11 points, or...

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UK court blocks release of HSBC papers in Huawei CFO fraud case By Reuters

LONDON (Reuters) - A British judge on Friday blocked the release of internal HSBC documents relating to U.S. fraud allegations against Huawei Chief Financial Officer Meng Wanzhou. Meng is facing charges of bank fraud in the United States for allegedly misleading HSBC about Huawei's business dealings in Iran, causing the bank to violate U.S. sanctions. She has been under house arrest...

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