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M&S won’t return pandemic business rates relief to UK government

LONDON (Reuters) - British clothing and food retailer Marks & Spencer said on Wednesday it would not follow Tesco (LON:TSCO) in returning business rates relief it has received from the government to help get it through the COVID-19 pandemic. Tesco, Britain's biggest retailer said it would repay the 585 million pounds it has claimed, putting pressure on rivals to do...

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Euro zone consumers go cashless as pandemic boosts cards’ appeal, ECB says

FRANKFURT (Reuters) - Euro zone consumers have been paying more with cards and less with cash since the coronavirus pandemic began, and they plan to continue doing so after it ends as shops make electronic payment easier, a European Central Bank survey showed on Wednesday. The outbreak was accelerating an existing, albeit gradual, move away from cash as new means of contactless...

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Despite caution, Londoners welcome fast track vaccine approval

By Ben Makori LONDON (Reuters) - Londoners set aside reservations to welcome the fast-track approval by British health authorities of a new COVID vaccine just over three weeks after U.S. group Pfizer (NYSE:PFE) published its clinical trial data on the drug. Prime Minister Boris Johnson hailed the news that the vaccine would be available from next week as a "fantastic"...

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Bentley hires jets to fly car parts to Britain during Brexit

FRANKFURT (Reuters) - Bentley, the luxury carmaker owned by Volkswagen (DE:VOWG_p) has booked five Antonov cargo jets to help overcome potential supply bottlenecks in the event of a disorderly exit of Britain from the European Union, the carmaker said on Wednesday. Car manufacturers are securing additional supply routes as policymakers in Brussels and Westminster seek to strike a deal to determine the...

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Ryanair close to new Boeing 737 MAX jetliner order – sources

PARIS (Reuters) - Ryanair is close to placing an order for dozens of additional Boeing (NYSE:BA) 737 MAX jets in a commercial boost to the U.S. planemaker after regulators lifted a 20-month safety grounding, industry sources said. Europe's largest low-fare carrier, which has an option to expand its current order by 75 jets to 210 aircraft, declined to comment. Boeing could not...

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Uber, JetBlue join Amazon-backed Climate Pledge fund

(Reuters) - Amazon.com Inc (NASDAQ:AMZN) said on Wednesday that five companies, including Uber Technologies (NYSE:UBER) Inc and JetBlue Airways Corp, have joined its fund that invests in companies developing environmentally friendly technologies. Chief Executive Officer Jeff Bezos last year pledged to make the largest U.S. e-commerce company net carbon neutral by 2040, as...

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Swiss plough ahead with skiing despite neighbours’ fears

By Denis Balibouse VERBIER, Switzerland (Reuters) - Swiss ski resorts are ploughing ahead with preparations for the year-end holiday season despite pressure from neighbouring Italy, France and Germany to shut until the latest coronavirus wave passes. Health Minister Alain Berset has proposed limits on the capacity of ski lifts at Christmas and the...

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China says it will accelerate implementation of RCEP trade deal

BEIJING (Reuters) - China will accelerate the implementation of trade liberalisation measures promised under the Regional Comprehensive Economic Partnership (RCEP) deal, state media quoted the cabinet as saying on Wednesday. China will push forward the opening up of the goods, services and investment sectors and implement measures to lower tariffs, the cabinet said. Last month, fifteen Asia-Pacific economies formed the world's...

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Tesla’s S&P 500 Entry Takes Away Secret Weapon for Stock Pickers

(Bloomberg) -- The celebration that has greeted Tesla (NASDAQ:TSLA) Inc.’s addition to the S&P 500 has the potential to leave one of its constituencies cold: star managers who have ridden the electric-car maker’s ascent to superior returns. Not many of the 215 active managers with at least $500 million in assets whose funds are indexed to the equity gauge have ventured to invest...

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