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12 March
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Hammerson posts annual loss as virus-led restrictions pummel sector By Reuters

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(Reuters) - Shopping centre operator Hammerson Plc (LON:HMSO) on Friday posted a 1.7 billion pound ($2.37 billion) loss for 2020, with the value of its portfolio slumping by nearly 2 billion pounds as the COVID-19 pandemic battered the retail sector. The owner of the Brent Cross shopping centre, however, said adjusted profit sank to 36.5 million pounds for the year...

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12 March
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U.S. Imposes New 5G Limits on Licenses for Some Huawei Suppliers By Bloomberg

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(Bloomberg) -- The Biden administration has informed some suppliers to China’s Huawei Technologies Co. of tighter conditions on previously approved export licenses, prohibiting items for use in or with 5G devices, according to people familiar with the move. The 5G ban is effective as of this week, according to the people, who asked not to be identified to discuss nonpublic communications. The rules...

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12 March
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NPC: What We Learned From China’s Biggest Political Meeting By Bloomberg

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(Bloomberg) -- China’s highest-profile political meeting of the year concluded Thursday, with the government laying out economic plans to manage risks now that a recovery from the coronavirus pandemic is well underway. Here’s what we learned from the week-long gathering of the National People’s Congress in Beijing. China won’t drive global growth in 2021 After posting the only expansion of any major economy...

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12 March
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Ransom-seeking hackers are taking advantage of Microsoft flaw, expert warns By Reuters

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By Raphael Satter WASHINGTON (Reuters) - Ransom-seeking hackers have begun taking advantage of a recently disclosed flaw in Microsoft's widely used mail server software, a researcher said late Wednesday - a serious escalation that could portend widespread digital disruption. The disclosure, made on Twitter by Microsoft Corp (NASDAQ:MSFT) security program manager Phillip Misner, is the realization of worries that have...

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12 March
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Qualcomm struggles to meet chip demand as shortage spreads to phones- sources By Reuters

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By Stephen Nellis, Josh Horwitz and Hyunjoo Jin SAN FRANCISCO/SHANGHAI (Reuters) - Qualcomm (NASDAQ:QCOM) Inc is struggling to keep up with demand for its processor chips used in smartphones and gadgets, as a chip shortage that first hit the auto industry spreads across the electronics business, industry sources told Reuters. Samsung Electronics (LON:0593xq) Co Ltd, the world's largest smartphone maker, is...

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12 March
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China’s Ant publishes financial self-discipline rules amid tougher scrutiny By Reuters

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BEIJING (Reuters) - China's Ant Group on Friday published a set of financial self-discipline rules amid the country's tightened scrutiny on financial technology regulations. The publication of the rules, the first of their kind released by the group, comes some four months after China suspended the financial technology giant's $37 billion plan for a share listing in both Shanghai and Hong...

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12 March
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China market regulator fines 12 companies for illegal monopolistic behaviours By Reuters

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BEIJING (Reuters) - China's market regulator said on Friday it has fined 12 companies related to 10 deals that demonstrated illegal monopolistic behaviour. The State Administration for Market Regulation (SAMR) said in a statement on Friday that the companies include Baidu Inc (NASDAQ:BIDU), Tencent Holdings (HK:0700), Didi Chuxing, and a ByteDance-backed firm. Companies...

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12 March
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Coupang, Consumer Sentiment, Oil Majors: 3 Things to Watch By Investing.com

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By Liz Moyer Investing.com -- It came a day earlier than expected but for many people just in the nick of time. President Joe Biden signed his $1.9 trillion economic relief bill into law on Thursday, putting in motion the payment of stimulus checks to individuals and families who qualify by income and a range of relief money to be sent to cities, schools,...

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12 March
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Ulta Beauty Earnings, Revenue beat in Q4 By Investing.com

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Ulta Beauty (NASDAQ:ULTA) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations. Ulta Beauty announced earnings per share of $3.41 on revenue of $2.20B. Analysts polled by Investing.com anticipated EPS of $2.31 on revenue of $2.07B. Ulta Beauty shares are up 21.02% from the beginning of the year and are trading at $347.53...

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12 March
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Ethiopian 737 MAX crash families set to obtain key Boeing documents By Reuters

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By Tracy Rucinski (Reuters) - Families of victims of the deadly 2019 Ethiopian Airlines jet crash may obtain as soon as Thursday Boeing (NYSE:BA)'s reports to U.S. regulators that helped keep its 737 MAX flying after a prior disaster with the same jet in Indonesia five months earlier. The National Transportation Safety Board (NTSB), an independent U.S. government investigative agency, told ...

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