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Apple starts applying new data privacy labels to apps

(Reuters) - Apple Inc (NASDAQ:AAPL) on Monday said it had begun the rollout of new labels about the privacy practices of apps for users to see before they are downloaded from its App Store. Apple announced the labels, which seek to quickly convey information about several categories of data collection and somewhat resemble the nutrition labels on food products, at a developer...

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Tech giants face fine of up to 10% of turnover for EU rule breaches -EU source

By Foo Yun Chee BRUSSELS (Reuters) -Tech giants which control access and data to their platforms could be fined up to 10% of their annual turnover for violating rules aimed at curbing their power, a person familiar with the matter said. The proposed rules, to be announced by EU digital chief Thierry Breton and EU antitrust czar Margrethe Vestager on Tuesday, are...

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Green QE would only help climate a little, ECB paper finds

FRANKFURT (Reuters) - Buying only green bonds in a central bank's quantitative-easing programme would have just a small and temporary effect on polluting emissions, a study published by the European Central Bank showed on Monday. The ECB has hinted that it will consider tilting its purchases of corporate bonds towards sustainable debt to correct what it described as the market's failure to...

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ECB to let banks pay out 15% of profits if they can prove they can afford it: sources

FRANKFURT (Reuters) - The European Central Bank will likely decide on Tuesday to let banks pay out up to 15% of their cumulative profits for 2019/20 in dividends if they can convince ECB supervisors that they can afford to do so, two sources told Reuters. The ECB recommended in March that euro zone banks on its watch refrain from any dividend distribution...

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Wall Street Opens Higher on Fiscal, Vaccine Hopes; Dow up 216 Pts

By Geoffrey Smith  Investing.com -- U.S. stock markets opened higher on Monday on signs that plans for a fiscal stimulus package had been simplified to a degree that might let them pass Congress this week, while the start of distribution of the Pfizer/BioNTech vaccine provided a welcome reassurance against the backdrop of continued high numbers of deaths and hospitalizations from the coronavirus. By...

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NTT to open new data centre in Dagenham, London

LONDON (Reuters) - Technology company NTT Ltd, a subsidiary of Nippon Telegraph and Telephone Corp, will open a new data centre in Dagenham, East London, as part of a 500 million pound ($668 million) UK investment plan, Britain said on Monday. NTT already has five data centres close to London in Hemel Hempstead and Slough. ($1 = 0.7490...

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Europe’s banks have a way to go on sustainability – BlackRock study

By Simon Jessop and Kate Abnett LONDON/BRUSSELS (Reuters) - Europe's banks are not integrating climate change and other sustainability concerns into their risk management systems as quickly as regulators expect, a study by BlackRock (NYSE:BLK) for the European Union showed on Monday. In an interim report, BlackRock said it had analysed feedback from the region's lenders and found most were only just...

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Panetta Says ECB Is Ready to Expand Pandemic Buying If Needed

(Bloomberg) -- The European Central Bank is ready to boost its emergency bond-buying program if needed, Executive Board member Fabio Panetta said one day after Germany announced a hard lockdown in response to a surge in coronavirus cases. The 2021 will likely be a “pandemic year” with high uncertainty and widespread vulnerabilities among companies and households, the Italian told a conference on Monday....

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Fed Expected to Offer New Guidance, Not Action, on Bond Buying

(Bloomberg) -- Federal Reserve officials this week will link the future of asset purchases to measures of employment and inflation without taking any immediate action to alter the pace or composition of bond buying, according to economists surveyed by Bloomberg News. A slight majority of the 47 respondents to a Dec. 4-10 questionnaire said they expected the new guidance will be approved at...

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AstraZeneca UK vaccine trial drops sub-group with children – U.S. trial register

(Reuters) -Drugmaker AstraZeneca has removed children from a mid-to-late stage trial of its COVID-19 vaccine in Britain, clinical trial registers in the United States showed on Monday. The trial of more than 12,000 participants previously included children above the age of five with the consent of their parents. However, trial data under the U.S. National Library of Medicine was updated on Dec....

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