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Italy’s MPS working to cut legal risks as EU weighs bank’s viability By Reuters

By Valentina Za and Giuseppe Fonte MILAN (Reuters) - Italy's Monte dei Paschi (MPS) said on Thursday it was working to reduce its legal risks while the European Union assessed the state-owned bank's ability to stay in business before unlocking more public aid. Italy rescued MPS in 2017 at a cost of 5.4 billion euros ($6.6 billion) to taxpayers. It now...

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Kia shares up after online report of remaining potential for Apple partnership By Reuters

SEOUL (Reuters) - Shares in automaker Kia Corp rose more than 4% on Friday after a South Korean online news site reported on the remaining potential for a partnership with Apple Inc (NASDAQ:AAPL). Apple and Kia signed a memorandum of understanding (MOU) last year and agreed to pursue cooperation in eight sectors,...

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Car sector seeks more UK government support as output tumbles By Reuters

LONDON (Reuters) - British finance minister Rishi Sunak should use next week's budget statement to help boost the car industry's competitiveness, a trade industry body said on Friday, as production tumbled to its lowest January level since 2009. Sunak is due to detail how he will further support the economy amid COVID-19 restrictions...

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UK police’s use of search powers against ethnic minorities disproportionate – watchdog By Reuters

LONDON (Reuters) - British police are still disproportionately using stop and search powers against Black and other ethnic minority groups, and cannot explain why, a report by the policing watchdog said on Friday. Stop and search gives officers the power to frisk someone under specific circumstances, for example if they have a reasonable...

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Asia stocks skid as global inflation fears, tech woes hit Wall Street By Reuters

By Echo Wang MIAMI (Reuters) - Asian stocks opened sharply lower on Friday after Wall Street's main indexes tumbled, with technology-related stocks under pressure following a steep rise in benchmark U.S. Treasury yields. Australia's S&P/ASX 200 fell 2% in early trade, on track for the biggest intraday percentage loss since Jan. 28. Japan's Nikkei 225 was down 1.8% while Hong Kong's Hang...

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Beyond Meat Serves Up McDonald’s, Yum! Brands Deals; Shares Sizzle By Investing.com

Yasin Ebrahim Beyond Meat soared in after-hours Thursday after the plant-based food company said it had signed agreements with McDonald's and Yum! Brands (NYSE:YUM).   Beyond Meat (NASDAQ:BYND) was up 2% in after hours trading.  Under the three-year global strategic agreement with McDonald's,  Beyond Meat's will be the preferred supplier for the patty in McDonald's McPlant burger, a new plant-based burger being tested in select McDonald’s (NYSE:MCD)...

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Dutch competition regulators nearing draft decision in Apple investigation By Reuters

By Stephen Nellis (Reuters) - Dutch competition authorities are nearing a draft decision in a years-long investigation into Apple Inc (NASDAQ:AAPL) over rules requiring software developers to use its in-app payment system, according to a letter sent this month to some of the developers involved in the case. The Netherlands Authority for Consumers and Markets, or ACM, said in 2019 https://www.reuters.com/article/us-apple-antitrust-netherlands/apple-in-dutch-antitrust-spotlight-for-allegedly-promoting-own-apps-idUSKCN1RN215 that...

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COVID shot is quick and doesn’t hurt, says Britain’s Queen Elizabeth By Reuters

LONDON (Reuters) - Britain's 94-year-old Queen Elizabeth, who last month had her first COVID-19 vaccination dose, has said that getting the shot was very quick and did not hurt. The monarch and her 99-year-old husband Prince Philip, who is currently in hospital receiving treatment for a non-COVID infection, received their vaccines from a...

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Boeing, hit with $6.6 million FAA fine, faces much bigger 787 repair bill – sources By Reuters

By Eric M. Johnson and David Shepardson SEATTLE/WASHINGTON (Reuters) - Boeing (NYSE:BA) Co will pay a $6.6 million to U.S. regulators as part of a settlement over quality and safety-oversight lapses going back years, a setback that comes as Boeing wrestles with repairs to flawed 787 Dreamliner jets that could dwarf the cost...

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