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Nearly a dozen countries resume AstraZeneca shots after EU, UK regulators say benefits outweigh risks By Reuters

By Anthony Deutsch, Toby Sterling and Alistair Smout AMSTERDAM/LONDON (Reuters) - Nearly a dozen countries resumed use of AstraZeneca (NASDAQ:AZN)'s COVID-19 shots on Friday as EU and British regulators said the benefits outweighed any risks after reports of rare instances of blood clotting that temporarily halted inoculations. The end of suspensions will kick off a test of public confidence, both in...

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China Stocks Slump as Alaska Talks With U.S. Show Gap Remains Wide By Bloomberg

(Bloomberg) -- China’s stocks slumped, with the benchmark gauge capping its longest weekly losing streak since early 2016, after U.S. equities tumbled and high-level Sino-American talks in Alaska descended into bickering and recriminations. The CSI 300 Index slipped 2.6% on Friday, the most since March 8, driven by declines in materials and consumer staples shares. High-value names such as liquor makers Kweichow ...

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British Airways considers selling its headquarters after homeworking switch By Reuters

LONDON (Reuters) - British Airways said it was considering selling its headquarters building because of a switch to homeworking during the pandemic means it may no longer need so much office space. The potential sale of the building, first reported by the Financial Times, could boost the airline's finances which have been hammered by COVID-19. The building was completed in 1998 at...

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European Stocks Lower; Third Covid Wave Derails Recovery Hopes By Investing.com

By Peter Nurse  Investing.com - European stock markets weakened Friday, as a rise in Covid-19 cases and associated lockdowns weighed on recovery hopes. At 3:55 AM ET (0855 GMT), the DAX in Germany traded 0.3% lower, the CAC 40 in France dropped 0.6% and the U.K.'s FTSE index fell 0.6%. The growth outlook in Europe is weakening as a third wave of Covid-19...

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Shares in Telecom Italia drop as uncertainty clouds single network project By Reuters

MILAN (Reuters) - Shares in Telecom Italia (MI:TLIT) fell 5% with traders in Milan citing uncertainty over the single broadband network project after comments in past days by ministers in the government led by Mario Draghi. Rome has been trying to create a national network by merging Open Fiber, a small broadband operator owned by state lender CDP and utility...

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Gerrard calls on UEFA to act after player ‘racially abused’ By Reuters

(Reuters) - Rangers manager Steven Gerrard has called on UEFA to take action after midfielder Glen Kamara complained of being racially abused by a Slavia Prague player in Thursday's 2-0 Europa League defeat in Glasgow. Kamara was furious after Slavia centre back Ondrej Kudela leaned into his ear and said something while covering his mouth, sparking a melee in the final stages...

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UK borrows lower-than-expected 19 billion pounds in February By Reuters

LONDON (Reuters) - Britain's government borrowed 19.1 billion pounds ($26.6 billion) last month, less than the 21.0 billion pounds forecast in a Reuters poll, putting it on course to come in slightly below the towering deficit forecast for this financial year. Official data published on Friday showed that February's borrowing took the budget deficit in the first 11 months of the financial...

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Natwest to buy back $1.5 billion of shares from UK government By Reuters

LONDON (Reuters) - Natwest said on Friday it had agreed to buy back 1.1 billion pounds ($1.53 billion) of shares from the British government. The off-market deal for 590.7 million shares will settle on March 23, the bank said in a statement. NatWest - formerly Royal Bank of Scotland (LON:NWG) - remains 62% taxpayer-owned as a legacy of its state...

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UK’s CMA asks Taylor Wimpey, Countryside to remove some rental contract terms By Reuters

(Reuters) - Britain's competition watchdog said on Friday it had directed homebuilders Taylor Wimpey (LON:TW) and Countryside Properties to remove certain contract terms that mean leaseholders have to pay ground rents that double every 10 or 15 years. "As this increase is built into contracts, it means people can struggle to sell or mortgage their homes, and so find themselves...

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