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French central bank to exit coal, cap oil and gas investments By Reuters

PARIS (Reuters) - The French central bank said on Monday it would exit from coal and limit exposure to gas and oil in its investment portfolio by 2024 as part of a shift towards more environmentally friendly assets. Many central banks have committed to green up their investment portfolios as part of a push to encourage the financial system to support a...

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British firms call for immediate $10.3 billion in COVID aid By Reuters

By William Schomberg LONDON (Reuters) - British firms called on Tuesday for another 7.6 billion pounds ($10.3 billion) of emergency government help, saying they cannot wait until finance minister Rishi Sunak's March budget to learn if they will get more pandemic support. With Britain back under lockdown and companies adjusting to life after Brexit, firms are taking big decisions about jobs and...

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Bankers call for ‘hybrid’ shares to plug COVID corporate capital gap By Reuters

By Huw Jones LONDON (Reuters) - European companies hit by COVID-19 could issue "hybrid" shares to plug a predicted capital gap of up to 600 billion euros ($723.48 billion) when government relief measures expire as vaccination programmes are rolled out, a report said on Tuesday. The report compiled by consultants PwC and the Association for Financial Markets in Europe (AFME), which represents...

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Parler partially reappears with support from Russian technology firm By Reuters

By Joseph Menn, Kenneth Li and Elizabeth Culliford (Reuters) - Parler, a social media website and app popular with the American far right, has partially returned online with the help of a Russian-owned technology company. Parler vanished from the internet when dropped by Amazon (NASDAQ:AMZN) Inc's hosting arm and other partners for poor moderation after its users called for violence and posted...

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EU exec: Italian post-COVID recovery plan broadly OK, needs to be strengthened By Reuters

BRUSSELS (Reuters) - Italy's recovery plan to help the economy deal with the slump caused by the COVD-19 pandemic is broadly in line with criteria set by the EU that will finance it but needs to be strengthened, EU Economic Commissioner Paolo Gentiloni said on Monday. The Commission is discussing such national recovery plans with many EU governments, to make sure they...

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Euro zone ministers reiterate anti-COVID fiscal support pledge By Reuters

BRUSSELS (Reuters) - Euro zone finance ministers reiterated on Monday their pledge to keep fiscal policy supportive to help the economy deal with the challenges of the COVID-19 pandemic, the chairman of the ministers Paschal Donohoe told a new conference. "Fiscal stimulus is needed now to support societies in dealing with the consequences of COVID 19," he said. ...

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British meat industry warns of border chaos as delays halt exports By Reuters

By Maytaal Angel LONDON (Reuters) - The British meat industry warned on Monday of looming border chaos as post-Brexit customs checks between Britain and the European Union (EU) halt some cross-border meat flows even with volumes sharply reduced. In an attempt to ease into the new customs checks, British meat companies have cut trade volumes with the EU and Northern Ireland to...

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Software data shows freight groups avoiding UK, prices rising By Reuters

LONDON (Reuters) - An increasing number of freight groups rejected contracts to move goods from France into Britain in the second week of January, while prices rose, according to data that shows the impact of Brexit and COVID-19 on UK trade. Transporeon, a German software company that provides a network for suppliers, retailers, shippers and more than 100,000 logistics service providers,...

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Canada shares higher at close of trade; S&P/TSX Composite up 0.22% By Investing.com

Investing.com – Canada equities were higher at the close on Monday, as gains in the Healthcare, IT and Clean Technology sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite added 0.22%. The biggest gainers of the session on the S&P/TSX Composite were Ballard Power Systems Inc (TSX:BLDP), which rose 6.14% or 2.41 points to trade at...

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IMF chief sees ‘high degree of uncertainty’ in global outlook By Reuters

By Andrea Shalal WASHINGTON (Reuters) - The head of the International Monetary Fund said on Monday the global economic outlook remained highly uncertain given the coronavirus pandemic, and a growing divergence between rich and poor countries required the IMF to find more resources. IMF Managing Director Kristalina Georgieva told reporters a new allocation of the IMF's own currency, Special Drawing Rights, would...

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