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Volkswagen takes aim at Tesla with own European gigafactories By Reuters

By Christoph Steitz and Jan Schwartz FRANKFURT (Reuters) - Volkswagen (DE:VOWG_p) plans to secure battery cell supply and expand the infrastructure for charging electric vehicles in Europe as it accelerates efforts to overtake Tesla and make so-called e-mobility cheaper. The world's No.2 carmaker, which is in the midst of a major shift towards...

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India shares lower at close of trade; Nifty 50 down 0.67% By Investing.com

Investing.com – India equities were lower at the close on Monday, as losses in the Healthcare, Capital Goods and Banking sectors propelled shares lower. At the close in NSE, the Nifty 50 declined 0.67%, while the BSE Sensex 30 index fell 0.78%. The biggest gainers of the session on the Nifty 50 were JSW Steel Ltd (NS:JSTL), which rose...

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Dow Futures 105 Pts Higher; Fed Meeting Looms Large By Investing.com

By Peter Nurse Investing.com - U.S. stocks are seen opening higher Monday, continuing last week’s rally as investors await Wednesday's highly anticipated Federal Reserve meeting. At 7:05 AM ET (1205 GMT), the Dow futures contract was up 105 points, or 0.3%, S&P 500 futures traded 6 points, or 0.2%, higher, and Nasdaq 100 futures climbed 25 points, or 0.2%. Equity markets rose strongly...

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Thailand clears AstraZeneca use as potential side-effects divide Europe By Reuters

By Panarat Thepgumpanat and Andreas Rinke BANGKOK/BELIN (Reuters) - Thailand announced plans on Monday to go ahead with AstraZeneca (NASDAQ:AZN)'s COVID-19 vaccine and Germany said it would continue to administer the shot despite other countries suspending its use over safety fears. Denmark and Norway have reported cases of bleeding, blood clots and a low platelet count, prompting Ireland and the Netherlands on...

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Danone board ousts boss Faber after activist pressure By Reuters

By Sarah White and Gwénaëlle Barzic PARIS (Reuters) - Danone said on Monday that Emmanuel Faber would step down as chairman and CEO, ejected by the group's board after the Activia yoghurt maker faced growing calls from some shareholders to replace him. Faber, an advocate for environmental matters and a more sustainable way of doing business, had come under pressure as...

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Hand gel and more casual clothes enter UK’s post-COVID price index By Reuters

By David Milliken LONDON (Reuters) - Hand gel, dumbbells and men's loungewear bottoms are joining Britain's official consumer price index this month, reflecting the impact of COVID on the country's shopping habits. British people have bought more casual clothing suited to working from home and fewer formal outfits, and spending on home exercise equipment has boomed with gyms closed, the Office for...

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Consumer staples, industrials lift UK shares on economic recovery bets By Reuters

By Shivani Kumaresan (Reuters) - UK shares inched higher on Monday, supported by consumer staples and industrials stocks as the economic recovery gathered pace, while recruiter SThree rose after its performance returned to pre-pandemic levels in the first quarter. The blue-chip FTSE 100 index climbed 0.4%, with consumer staples including Diageo (LON:DGE) Plc, Unilever (LON:ULVR) Plc and Ocado...

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BoE’s Bailey says now more positive on recovery but with a dose of caution By Reuters

LONDON (Reuters) - Bank of England Governor Andrew Bailey said on Monday he was now more positive about the British economy as the novel coronavirus was in retreat though he cautioned the COVID-19 effect was huge. "I'm now more positive but with a large dose of caution," Bailey told BBC radio. "There are now risks on the upside." Bailey said the British...

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