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UK to extend Northern Ireland’s Brexit grace periods By Reuters

LONDON/DUBLIN (Reuters) - Britain plans to further extend post-Brexit grace periods on some goods imports to Northern Ireland, Brexit minister David Frost said on Monday, in a move designed to give London and Brussels more time for talks about trade with the province. The fate of British-ruled Northern Ireland was the most contentious issue in Britain's negotiations over its exit from the European Union, which was completed on Dec. 31, and it has continued to cause friction. To avoid imposing a hard border on the island of Ireland, Britain agreed to leave some EU...

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Nord Stream 2: Russia’s push to boost gas supplies to Germany By Reuters

(Reuters) - The operator of the Nord Stream 2 gas pipeline announced on Monday that the final piece of pipe had been attached, leaving only the linking of its two long stretches to complete the project. Gas supplier Gazprom (MCX:GAZP) will double its export capacity via the Baltic Sea when operations begin, which the project's operator said it expects by year-end. Here are some significant moments in Nord Stream 2's development: November: Gazprom and Western partners look into expanding the Nord Stream pipeline system by a further 55 billion cubic metres at an initial...

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G20 vows more COVID help for poor states, Italian presidency says By Reuters

ROME (Reuters) - The group of 20 rich countries agreed on Monday to step up the provision of resources to help poor countries vaccinate their populations against COVID-19 but did not appear to have made any new numerical commitment. Italy, which holds the G20 presidency this year, said after the gathering that the "Pact of Rome," where the meeting was held, included an agreement to increase financial support for poor nations and send them more vaccines. "There is a political commitment to distribute vaccines to the whole world," Italian Health Minister Roberto Speranza told reporters....

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U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 0.67% By Investing.com

Investing.com – U.K. equities were higher at the close on Monday, as gains in the Support Services, Software & Computer Services and Pharmaceuticals & Biotech sectors propelled shares higher. At the close in London, the Investing.com United Kingdom 100 rose 0.67% to hit a new 52-week high. The biggest gainers of the session on the Investing.com United Kingdom 100 were ITV PLC (LON:ITV), which rose 2.54% or 2.90 points to trade at 117.05 at the close. Burberry Group PLC (LON:BRBY) added 2.27% or 43.0 points to end at 1935.0 and Bank VTB...

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Talk now, act later: Five questions for the ECB By Reuters

By Dhara Ranasinghe and Saikat Chatterjee LONDON - European Central Bank officials are back from their summer break and with the hawks pushing for a slowdown in bond buying, Thursday's meeting could prove a key market event. Chief economist Philip Lane believes it's too early for the ECB to lay out plans to wind down the 1.85 trillion euro ($2.2 trillion) Pandemic Emergency Purchase Programme (PEPP). But this week the central bank should set the pace of PEPP buying for the final quarter of the year, a decision that has taken on greater significance given the...

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Dollar stands tall as global growth momentum fades By Reuters

By Saikat Chatterjee LONDON (Reuters) - The dollar erased all losses sustained after last week's poor U.S. jobs report and extended gains versus its rivals on Monday as concerns about slowing global growth boosted its safe-haven appeal in a big week for central banks. The dollar index, which measures the currency against six rivals, edged 0.2% higher to 92.31. It had dipped to 91.941 for the first time since Aug. 4 on Friday, when a closely watched U.S. labour report showed the world's largest economy created the fewest jobs in seven months in August. While...

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Life after the ECB? The tapering debate begins By Reuters

By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) - With the euro zone economy roaring back to life, the European Central Bank will debate a cut in its stimulus on Thursday, beginning a hard-fought and lengthy discussion on how to dismantle the crisis-fighting measures that have kept the bloc afloat. The ECB has provided record monetary support for the euro zone since the start of the pandemic. But economic growth in the bloc is now solid, unemployment is falling and inflation is on the rise, setting the stage for a debate that will chart the bank's...

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Powerhouse Energy confirms discussions with Linde, shares jump By Investing.com

By Samuel Indyk Investing.com – Powerhouse Energy has responded to press speculation regarding a possible tie-up with chemicals giant Linde. Over the weekend, the Mail on Sunday’s This is Money supplement reported that Powerhouse Energy's (LON:PHEG) business partner, Hydrogen Utopia International (HUI), was close to signing a deal with Linde (DE:LINI) to roll out energy plants across Europe. Powerhouse Energy, which has developed technology to produce hydrogen from waste plastic, noted those comments and provided an update on the potential agreement. The company said Linde has finalised a technical feasibility evaluation to deploy the syngas clean-up...

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BMW CEO expects chip supply to remain tight for another 6-12 months By Reuters

MUNICH (Reuters) - BMW expects supply chains to remain tight well into 2022, Chief Executive Oliver Zipse said on Monday, squashing hopes that a painful shortage of crucial semiconductors will end soon. "I expect that the general tightness of the supply chains will continue in the next 6 to 12 months," he said at the IAA Munich car show. Zipse, who like other car executives is battling lower production due to a lack of semiconductors, said he saw no issues in the long-term, adding that the automotive industry was an attractive client for chipmakers. ...

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Goldman lines up $5 billion Petershill private equity asset float By Reuters

By Lawrence White and Abhinav Ramnarayan LONDON (Reuters) - Goldman Sachs (NYSE:GS) plans to float the assets of its Petershill Partners unit, hoping to cash in on a private equity boom with an IPO valuing the investment vehicle at more than $5 billion. Petershill, which takes minority stakes in alternative assets managers including private equity, venture capital and hedge funds, will be a standalone company operated by the Goldman Sachs Asset Management team, it said on Monday. The deal will consist of a sale of around $750 million of new shares as well as existing ones...

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