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08 June
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Airline chiefs urge end to UK-U.S. travel restrictions By Reuters

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By Sarah Young and David Shepardson LONDON/WASHINGTON (Reuters) -The heads of all passenger airlines flying between Britain and the United States called on Monday for both countries to lift trans-Atlantic travel restrictions put in place to fight the COVID-19 pandemic. High vaccination rates in both countries meant travel could restart safely after more than a year of restrictions, said the CEOs of American Airlines (NASDAQ:AAL), IAG (LON:ICAG) unit British Airways, Delta Air Lines (NYSE:DAL), United Airlines and JetBlue Airways Corp in a rare joint virtual press conference. The push came days ahead of this week's...

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08 June
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Bitcoin weekly outflows hit record high – CoinShares data By Reuters

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By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Bitcoin funds and products posted record outflows last week as investors continued to cast a cautious eye on the world's largest cryptocurrency, which has seen its upward momentum stall in the last few months, according to digital currency manager CoinShares data released on Monday. Bitcoin outflows hit $141 million in the week ending June 4, representing 8.3% of the net inflows seen this year. For the year so far, bitcoin still showed net inflows of $4.2 billion. The cryptocurrency sector overall suffered outflows of $94.2 million last week, the...

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08 June
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Biden’s to-do list on foreign trip: Rally allies against COVID, Putin By Reuters

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By Andrea Shalal, Humeyra Pamuk and Steve Holland WASHINGTON (Reuters) - President Joe Biden's meeting with leaders of the G7 leading industrial economies in an English seaside village this week will usher in a new focus on rallying U.S. allies against common adversaries - the COVID-19 pandemic, Russia and China. New COVID-19 variants and rising death tolls in some countries will loom large during the gathering from Friday to Sunday, alongside climate change, strengthening global supply chains and ensuring the West maintains its technological edge over China, the world's second-largest economy. Biden, a Democrat, vowed...

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08 June
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Marvell Results Beat in Q1; Eyes Data Center Boost From Inphi Acquisition By Investing.com

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By Yasin Ebrahim Marvell (NASDAQ:MRVL) reported Monday first quarter results that that topped expectations, and rolled out better guidance than expected for the current quarter amid a boost data center growth from the acquisition of Inphi (NASDAQ:IPHI). Marvell shares gained 2.48% in after-hours trade following the report. Marvell announced earnings per share of 29 cents on revenue of $832.3 million. Analysts polled by Investing.com anticipated EPS of 27 cents on revenue of $805.8 million. The company completed the acquisition of Inphi about 10 days before the end of the quarter, and the Q1 results included the...

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08 June
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S&P 500 Swings Between Gains, Losses to End Flat; Biogen Soars By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 fluctuated between gains and losses Monday as investors awaited further catalysts, while a surge in Biogen helped biotech stocks to their best day of the year so far. The S&P 500 fell 0.1%, the Dow Jones Industrial Average was down 0.4%, or 126 points, and the Nasdaq Composite was up 0.23%. Stocks were on the back foot amid a lack of investor appetite to make risky bets ahead of the key data due later this week including the consumer inflation data due Thursday. Inflation remains a hotly debated...

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07 June
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PM Johnson tells Macron UK and EU need to find solution to N. Ireland protocol By Reuters

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LONDON (Reuters) - British Prime Minister Boris Johnson told French President Emmanuel Macron on Monday that the United Kingdom and the European Union need to find a solution to the so-called Northern Irish Brexit protocol. After the United Kingdom left the European Union's orbit at the end of last year, checks were introduced on some goods moving from mainland Britain to Northern Ireland, which has a land border with EU member Ireland. The checks triggered anger and a perception among pro-British unionists in Northern Ireland that the Brexit deal divides them from the rest of the...

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07 June
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Amazon to Be Covered by Global Tax Deal Despite Thin Margins By Bloomberg

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(Bloomberg) -- Global policy makers are crafting their international tax plan to make sure Amazon.com Inc (NASDAQ:AMZN). is included, even though the U.S. company’s profit margin is below the 10% proposed threshold that would give other countries rights to collect revenue. Group of Seven finance ministers on Saturday voiced support for proposed rules reallocating a portion of profits above a 10% margin to be taxed in other countries, and Amazon has estimated a global operating margin of 7.1% this year. But two people familiar with the negotiations said Amazon will be included, with the particulars...

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07 June
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Canada shares higher at close of trade; S&P/TSX Composite up 0.04% By Investing.com

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Investing.com – Canada equities were higher at the close on Monday, as gains in the Healthcare, REITs and IT sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite added 0.04% to hit a new all time high. The biggest gainers of the session on the S&P/TSX Composite were Trillium Therapeutics Inc (TSX:TRIL), which rose 17.92% or 1.76 points to trade at 11.58 at the close. BlackBerry Ltd (TSX:BB) added 12.13% or 2.03 points to end at 18.77 and Aurora Cannabis Inc (TSX:ACB) was up 8.30% or 0.920 points...

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07 June
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EU patience wearing thin with UK on N.Ireland, weighing options By Reuters

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BRUSSELS (Reuters) - The European Union's patience towards Britain over Brexit arrangements in Northern Ireland is wearing thin and the bloc will consider its options should Britain continue its "confrontational path", an EU official said on Monday. The European Commission and Britain meet on Wednesday for talks on their trade agreement and on their differences over the Northern Ireland protocol, part of the Brexit divorce deal. The British government faces a choice, the EU official said: commit to implementing the protocol and find the EU willing to be flexible or continue along a more confrontational path....

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07 June
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S&P 500 Struggles for Direction; AMC Puts Squeeze on Short-Sellers Again By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 struggled for direction Monday, as investors awaited further catalysts, while the AMC-inspired meme trade rages on. The S&P 500 fell 0.26%, the Dow Jones Industrial Average was down 0.45%, or 155 points, and the Nasdaq Composite was up 0.16%. Both cyclicals and growth stocks were on the back foot amid a lack of investor appetite to buy stocks ahead of the key data due later this week including the consumer inflation data due Thursday. Inflation remains a hotly debated topic as investors fear that if price pressures spiral...

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