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European shares jump on U.S. stimulus aid support, Brexit deal relief

(Reuters) - European shares gained on Monday after Britain and the European Union signed a long awaited trade deal, while a bumper U.S. stimulus package boosted investor sentiment for riskier global assets. U.S. President Donald Trump on Sunday signed into law a $2.3 trillion pandemic aid and spending package, restoring unemployment benefits to millions of Americans and averting a federal government...

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Approval of Oxford/AstraZeneca COVID shot could help relax COVID restrictions, minister says

LONDON (Reuters) - British regulatory approval of a COVID-19 vaccine candidate developed by Oxford University and AstraZeneca could accelerate the lifting of COVID-19 restrictions, cabinet office minister Michael Gove said on Monday. Gove said that the independent regulator had to assess the vaccine, but if it was approved there would be a "significant increase" in vaccine available. Britain is already rolling out...

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Big tech bets and cryptocurrencies power 2020’s top U.S. funds

By David Randall NEW YORK (Reuters) - Outsized bets on large U.S. technology companies and emerging cryptocurrencies fueled the year's top-performing U.S. mutual fund and exchange-traded funds as the coronavirus pandemic upended global markets, while funds that bet on oil and gas companies fell nearly 100%, according to data from fund-tracker Morningstar. The year was a challenge like few others for the...

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Global shares edge up on news Trump signs aid bill

By Hideyuki Sano TOKYO (Reuters) - Global shares ticked up on Monday as a source said U.S. President Donald Trump signed into law a $2.3 trillion pandemic aid and spending package he had until now refused to sign. U.S. S&P futures last traded up 0.4%. The futures had earlier reversed losses after a cryptic tweet by Trump - "Good news on...

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Alibaba Group increases share repurchase programme to £7 billion

(Reuters) - Alibaba (NYSE:BABA) Group Holding Ltd said on Sunday its board has authorized an increase in the company's share repurchase programme to $10 billion (£7.39 billion) from $6 billion. "This Share Repurchase Program will be effective for a two-year period through the end of 2022," Alibaba said in a statement https://bwnews.pr/38IF0r7 late on Sunday. ...

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U.S. government heads toward chaotic end to 2020 as Trump fights Congress

By Steve Holland and Susan Cornwell PALM BEACH, Fla./WASHINGTON (Reuters) - The U.S. government headed toward a chaotic last few days of the year as President Donald Trump's refusal to approve a $2.3 trillion financial package caused millions of jobless Americans to lose benefits and threatened to shut down federal agencies due to lack of funding. Trump, who leaves office on Jan....

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BMW aims for 20% of its vehicles to be electric by 2023 – paper

FRANKFURT (Reuters) - German luxury carmaker BMW is planning to step up its production of electric vehicles, Chief Executive Oliver Zipse told German daily Augsburger Allgemeine. "We are significantly increasing the number of electric vehicles. Between 2021 and 2023, we will build a quarter of a million more electric cars than originally planned", Zipse told the newspaper's Monday edition according to...

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