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Japan to extend tax breaks to green investment, low-emission cars

By Tetsushi Kajimoto TOKYO (Reuters) - Japan will extend tax breaks on low-emission cars and offer incentives to promote green investment to help Prime Minister Yoshihide Suga meet his carbon-neutral goal, according to the ruling bloc's tax reform proposal to be approved on Thursday. Suga has vowed to cut greenhouse gas emissions to zero in 2050, bringing Japan in line with the...

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Shell former upstream chief: Nigeria oilfield deal was ‘lawful and correct’

MILAN (Reuters) - Shell (LON:RDSa)'s former international upstream head Malcolm Brinded had no reason to think that the awarding of the OPL-245 oilfield license in Nigeria was illegal, his lawyer said on Wednesday. In a court hearing in Milan, Marco Calleri said his client believed the deal would bring money and benefits to Nigeria and its government and that it was lawful...

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UK medicine regulator says people with anaphylaxis risk should not take Pfizer/BioNTech vaccine

LONDON (Reuters) - The UK's medicine regulator said anyone with a history of anaphylaxis to a medicine or food should not get the Pfizer-BioNTech COVID-19 vaccine, giving fuller guidance on an earlier allergy warning about the shot. "Any person with a history of anaphylaxis to a vaccine, medicine or food should not receive the Pfizer (NYSE:PFE) BioNTech vaccine. A...

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Win, lose or settle: Facebook lawsuits will take years to resolve

WASHINGTON (Reuters) - Facebook (NASDAQ:FB), faced with two major antitrust lawsuits, could be forced to breakup, settle with changes to its business, or it could prove its government challengers wrong and win in court, antitrust experts said. The Federal Trade Commission and a major coalition of states are asking that Facebook be forced to sell WhatsApp and Instagram, saying it used a...

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ECB to unveil yet another stimulus package

By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) - The European Central Bank will unveil fresh stimulus measures on Thursday to prop up the recession-hit currency bloc long enough for a coronavirus vaccine to be deployed and its devastated economy to start to heal. With fresh support measures already promised, only the details of the package remain up in the air....

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USTR welcomes Britain’s decision to stand down on aircraft-related tariffs

WASHINGTON (Reuters) - The U.S. Trade Representative's office said on Wednesday it welcomed a decision by Britain not to continue in January tariffs imposed by the European Union in an aircraft subsidies case, saying it shares Britain's objective of resolving the dispute through negotiations. But USTR said it disagrees that Britain would have any authority to continue such tariffs, since this...

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EU leaders to unblock EU budget, recovery fund, set new climate goals

By Jan Strupczewski and Kate Abnett BRUSSELS (Reuters) - European Union leaders are likely to unblock on Thursday a stalled 1.8 trillion euro package to help revive the economy after the COVID-19 pandemic and agree on new, more ambitious CO2 emissions reduction goals to fight climate change. During the two-day talks, leaders of the 27 EU countries will also discuss COVID-19 vaccines,...

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Explainer-What to expect as Facebook battles U.S. lawsuits over its market power

WASHINGTON (Reuters) - The U.S. Federal Trade Commission's and states' twin complaints against Facebook Inc (NASDAQ:FB) come on the heels of a major lawsuit filed by the government against Alphabet (NASDAQ:GOOGL)'s Google in October and kicks off what is likely to be a long legal battle. Here are some answers to key questions about the case: WHAT ARE...

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Oxford’s Hill says its vaccine won’t be available in U.S. until mid-2021 if FDA waits for trial end

(Reuters) - Jenner Institute Director Adrian Hill, who oversees the Oxford-AstraZeneca COVID-19 vaccine research and development, told NBC News that if the U.S. Food and Drug Administration waits for the end of their vaccine trial, the vaccine would not be available in the U.S. until "the middle of next year." "That's too late to take the value of this vaccine, which is...

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UK tariff decision plunges Airbus into new trade dispute

By Tim Hepher and William James PARIS/LONDON (Reuters) - Britain's decision to suspend tariffs on Boeing (NYSE:BA) jets and other U.S. goods has stunned the planemaker's European rival Airbus and exposes a growing rift between the UK and Europe over aerospace investment, industry sources and analysts said. Britain said on Tuesday it would suspend the tariffs on Jan. 1, describing the move...

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