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Amid COVID chaos and protests, India’s farmers eye record wheat crop By Reuters

By Mayank Bhardwaj SHAHJANPUR, India (Reuters) - While India battles soaring COVID-19 infections, on the outskirts of New Delhi thousands of farmers still occupy camps where they are keeping up a months-long sit-in protest against government legislation that they say harms them. Underlining the organised nature of the movement as it tries to force Prime Minister Narendra Modi to revoke reforms aimed at making agriculture more efficient, farmers are being ferried to and from villages in order to harvest this year's wheat crop. The logistical feat is working, at least from the farmers' point of...

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British workers move off furlough as economy reopens By Reuters

By David Milliken LONDON (Reuters) -British employees returned to work and shoppers stepped up spending on clothes and furniture after lockdown restrictions eased across most of the country earlier this month, official figures showed on Thursday. The proportion of employees on furlough between April 5 and April 18 dropped to 13%, down from 17% in the previous two-week period, according to a survey of businesses conducted by the Office for National Statistics. Shops selling 'non-essential' goods reopened in England and Wales on April 12, and English pubs and restaurants were able to serve customers outdoors. COVID...

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UK investors may have to sit a test before buying a high-risk product By Reuters

LONDON (Reuters) -Investors may have to sit a test before they can buy high-risk financial products, Britain's Financial Conduct Authority said on Thursday as it seeks to turn the tide on online scams and apply lessons from the costly collapse of investment fund London Capital & Finance. "We are concerned that too often consumers are investing in high-risk investments they don't understand and can lead to significant and unexpected losses," Sheldon Mills, the FCA's executive director for consumer and competition, said in a statement. The FCA said it was proposing to create new categories of investments...

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Xcel Energy Earnings, Revenue beat in Q1 By Investing.com

Xcel Energy reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. Xcel Energy announced earnings per share of $0.67 on revenue of $3.54B. Analysts polled by Investing.com anticipated EPS of $0.614 on revenue of $2.9B. Xcel Energy shares are up 4% from the beginning of the year and are trading at $69.81 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 7.86% from the start of the year. Xcel Energy follows other major Utilities sector earnings this month Xcel Energy's report follows an earnings beat...

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Willis Towers Watson Earnings, Revenue beat in Q1 By Investing.com

Willis Towers Watson (NASDAQ:WLTW) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. Willis Towers Watson announced earnings per share of $3.64 on revenue of $2.59B. Analysts polled by Investing.com anticipated EPS of $3.28 on revenue of $2.49B. Willis Towers Watson shares are up 4% from the beginning of the year and are trading at $245.88 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 7.86% from the start of the year. Willis Towers Watson follows other major Financial sector earnings this month Willis Towers...

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Lufthansa trims flight capacity outlook on slower recovery By Reuters

By Laurence Frost and Riham Alkousaa BERLIN (Reuters) - Lufthansa lowered its capacity forecast for flights this year as hopes dwindle for an early summer travel rebound, but the German airline's cost-cutting drive narrowed quarterly losses. The group, which includes Austrian Airlines, Swiss and Eurowings, also stepped up warnings to German unions that it is ready to use forced dismissals to cut more jobs. The travel industry has suffered many false starts to a hoped-for recovery, beset by new restrictions, virus variant outbreaks and a sluggish European vaccine rollout. Lufthansa said it expects to fly...

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Jailed Kremlin critic Navalny’s regional campaign offices to be disbanded – ally By Reuters

MOSCOW (Reuters) - Jailed Kremlin critic Alexei Navalny's team said on Thursday it was officially disbanding its network of regional campaign offices across Russia. The announcement, in a YouTube video, comes ahead of a court hearing which is due to consider a request from prosecutors to declare the main pillars of Navalny's political organisation as extremist. ...

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Sterling heads towards $1.40, but political pressure limits gains By Reuters

LONDON (Reuters) - The pound rose in early London trading on Thursday, having been boosted overnight after the Fed's dovish outlook prompted a weaker dollar. Sterling hit a nine-day high of $1.3979 in Asian trading after the U.S. Federal Reserve said it was too early to consider rolling back its emergency support - a dovish tone which pushed the dollar to nine-week lows. At 0744 GMT, it was up 0.2% at $1.3967 versus the dollar, up 0.6% on the week so far. Versus the euro, it was also up around 0.2%, at 86.77 pence per...

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Strong earnings, dovish Fed drive FTSE 100 higher By Reuters

By Devik Jain (Reuters) -London's FTSE 100 climbed on Thursday supported by an accommodative policy stance by the U.S. Fed, while positive earnings updates from companies including Smith+Nephew and Unilever (LON:ULVR) helped the blue-chip index surge past the 7,000 mark. The index rose 0.6% to 7,002.30, with medical products maker Smith+Nephew jumping 5.3% after it reinstated its 2021 outlook. The FTSE 100 was further supported by Unilever, which gained 3% after it beat quarterly sales forecasts, helped by a pick up in home cooking during coronavirus lockdowns and a strong economic recovery in China....

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