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UK inflation rises to three-month high of 0.7% By Reuters

By David Milliken and William Schomberg LONDON (Reuters) - British inflation rose a little more than expected in January as the country went back into a coronavirus lockdown, pushed up by higher food prices and less discounting of household goods such as sofas, official data showed on Wednesday. Consumer prices rose 0.7% in annual terms after a 0.6% increase in December, the...

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Great Escape? UK to return to work by July, Daily Mail says By Reuters

By Guy Faulconbridge LONDON (Reuters) - Prime Minister Boris Johnson is considering a staged exit from COVID-19 lockdown that would see the United Kingdom's battered economy fully returning to work in July, the Daily Mail reported, citing government plans. The novel coronavirus, which emerged in China in late 2019, has killed 2.4 million people worldwide, upended normal life for billions and tipped...

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European share rally pauses as focus turns to inflation; Kering slips By Reuters

(Reuters) - European shares retreated from near one-year highs on Wednesday as concerns about a possible rise in inflation tempered optimism around a vaccine-led global economic recovery, while Kering (PA:PRTP) tumbled after sales at its Gucci brand fell more than expected. Shares of the French conglomerate, which also owns the Saint Laurent brand, slumped 8.2% as revenue for the whole...

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Australian media firms squeeze more from Google as new law looms By Reuters

By Byron Kaye SYDNEY (Reuters) - Australia claimed an early win in a protracted licencing battle with Google on Wednesday as media companies lined up to announce content deals with the internet giant that were reportedly far more lucrative than their global rivals. A month after the Alphabet (NASDAQ:GOOGL) Inc-owned company threatened to shut down its search engine in Australia to avoid...

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Analysis: Europe braces for pandemic reality to hit banks By Reuters

By John O'Donnell FRANKFURT (Reuters) - Unpaid debt from pandemic-stricken borrowers has ravaged profits at Europe's big banks and kick-started a debate among politicians about whether they may ultimately need state help. Reflecting on the pandemic impact, many bank executives say the worst is behind them, with Societe Generale (PA:SOGN) CEO Frederic Oudea and BNP Paribas (PA:BNPP) CEO...

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JD.com Plans to List Shipping Unit to Ride E-Commerce Boom By Bloomberg

(Bloomberg) -- JD (NASDAQ:JD).com Inc. plans to list its shipping business in Hong Kong, raising potentially billions of dollars to capitalize on China’s post-Covid e-commerce boom. JD Logistics Inc.’s initial public offering could raise at least $5 billion and value the unit at about $40 billion, people familiar with the matter have said. Details...

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BlackRock warns heavy polluters over emissions data before shareholder meetings By Reuters

By Simon Jessop LONDON (Reuters) - Polluting companies must disclose the full scope of their greenhouse gas emissions or risk confrontation with investors at their annual shareholders meetings, the world's biggest asset manager BlackRock (NYSE:BLK) said on Wednesday. The warning is the first time BlackRock has publicly sought the release of so-called Scope 3 emissions data, part of its plans to...

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U.S. Treasury’s Yellen vows to boost transatlantic cooperation By Reuters

By Andrea Shalal WASHINGTON (Reuters) - Treasury Secretary Janet Yellen stressed the importance of cooperation with the European Union in a call with the European Commission's vice president for the economy, Valdis Dombrovskis, on Tuesday, the U.S. Treasury Department said. Earlier on Tuesday, Yellen in a conversation with European Central Bank President Christine Lagarde had also underscored ways to deepen transatlantic cooperation...

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Rising U.S. yields takes edge off stocks rally By Reuters

By Tom Westbrook and Pete Schroeder SINGAPORE/WASHINGTON (Reuters) - U.S. Treasury yields hit one-year highs on Wednesday, lending support to the dollar but pressuring lofty valuations for stocks, as investors reckoned that a stimulus-fuelled global recovery will eventually bring rising inflation. Benchmark ten-year U.S. Treasury yields rose as far as 1.3330% in Asia, the highest since February 2020, although they later...

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