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FTSE 100 finishes flat, Bitcoin hits all-time high ahead of Coinbase IPO By Investing.com

Key Points FTSE 100 closing price of 6891.10, +0.03% Bitcoin hits all-time high above $63,000 GBP/USD unchanged after UK GDP, US CPI Oil futures higher following OPEC monthly report By Samuel Indyk Investing.com – The FTSE 100 finished flat as markets digested more problems with Covid vaccines and following US inflation figures. The US announced it would be pausing distributing the Johnson & Johnson (NYSE:JNJ) vaccine over fears of rare blood clots. The decision to suspend administering the jabs was taken due to an “abundance of caution” after six cases of people developing blood...

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Weekly Comic: Global Tax – All Together Now? By Investing.com

By Geoffrey Smith  Investing.com -- International discussions are rarely harmonious, and any sort of discussion about tax even less so. But the willingness of the U.S. to re-enter a global discussion about ending harmful tax competition has struck a chord. It may yet end in a significant redistribution of income away to governments and away from private shareholders.  For many, such a development seems overdue: multinational companies in particular have managed to depress their effective tax rates consistently over the last four decades, strengthening their competitive advantage against smaller businesses wherever they operate. The trend has taken...

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Stellar Louis Vuitton growth powers strong rebound at LVMH By Reuters

PARIS (Reuters) -Surging sales at Louis Vuitton and Dior powered a strong rebound at French luxury group LVMH (PA:LVMH) in the first part of 2021, as thriving demand in Asia and the United States offset the drag from new coronavirus lockdowns in much of Europe. Overall revenues at the conglomerate, owner of more than 70 brands ranging from Moet & Chandon champagne to Guerlain cosmetics, returned to growth in the first quarter at a much faster pace than expected by analysts. Restrictions to fight the COVID-19 pandemic hit major markets such as China hard a...

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Apple backs far-reaching emissions disclosure rules By Reuters

By Ross Kerber (Reuters) - Apple Inc (NASDAQ:AAPL) on Tuesday called for the U.S. Securities and Exchange Commission (SEC) to require companies to disclose emissions including from their "value chain," according to a Tweet from Apple Vice President Lisa Jackson. The comments marked the most specific prescription to date from a large public company about what disclosures are needed, said Veena Ramani, senior program director for Ceres, a Boston-based climate advocacy group. The SEC last month said it will seek input on how companies might report on their greenhouse gas emissions and other climate factors....

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Opendoor Gains After Cathie Wood’s ARK Buys Shares By Investing.com

By Dhirendra Tripathi Investing.com – Opendoor Technologies Inc (NASDAQ:OPEN) shares rose more than 4% Tuesday, buoyed by Cathie Wood’s Ark Invest active ETFs, which adding 633,400 shares to its portfolio. The San Francisco-based online real estate company makes as-is cash offers to property sellers through an online process, improves and repairs the properties it purchases, and then relists them for sale. Opendoor became publicly-traded via a merger with blank-check company, Social Capital Hedosophia Holdings, in December, raising net proceeds of $970 million. Its 2020 revenue came at $2.58 billion, as compared to $4.74 billion for 2019,...

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Toshiba board to meet on Wednesday to consider CEO’s future -sources By Reuters

By Makiko Yamazaki, Noriyuki Hirata and Junko Fujita TOKYO (Reuters) -Toshiba Corp's board will meet on Wednesday to consider whether CEO Nobuaki Kurumatani should continue to lead the industrial conglomerate amid controversy over a $20 billion buyout bid from CVC Capital Partners, two sources said. Kurumatani, who has run the company for three years, may resign before the board considers removing him, according to one of the sources with knowledge of the discussion. Local media said company chairman Satoshi Tsunakawa was a possible successor. The sources asked not to be identified because they are...

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German regulator acts to halt ‘illegal’ WhatsApp data collection By Reuters

By Nadine Schimroszik BERLIN (Reuters) - Germany's lead data protection regulator for Facebook (NASDAQ:FB) said on Tuesday that it was taking action against the social network to prevent the collection of personal data from users of its WhatsApp messaging app. The regulator in the city-state of Hamburg said that it had opened emergency proceedings against Facebook after WhatsApp earlier this year informed users that they would need to consent to new data terms or stop using the service. "We have reason to believe that the data sharing policy between WhatsApp and Facebook is being impermissibly enforced...

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Wall Street Opens Mixed as J&J Shock Dents Reopening Trades – Dow Down 150 Pts By Investing.com

By Geoffrey Smith  Investing.com -- U.S. stock markets opened mixed on Tuesday after news that the U.S. will suspend the distribution of Johnson & Johnson (NYSE:JNJ)'s Covid-19 vaccine wrongfooted the reopening trades that have dominated in recent weeks.  "We are recommending a pause in the use of this vaccine out of an abundance of caution," the Food and Drug Administration said in a joint statement with the Center for Disease Control and Prevention on Twitter. The move comes after six patients - all of them women aged between 18 and 48, developed blood clots on the...

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Nearly a million going hungry in conflict-hit Mozambique, U.N. says By Reuters

GENEVA (Reuters) - Almost one million people face severe hunger in northern Mozambique, where hundreds of thousands have fled Islamist militant attacks, the United Nations food agency said on Tuesday. Islamic State-linked insurgents last month attacked Palma, a town in Cabo Delgado province next to gas projects under development by companies including Total and Exxon (NYSE:XOM). The World Food Programme (WFP) said in a briefing in Geneva that 950,000 people are now hungry in Mozambique. It appealed to donors for $82 million to confront the crisis. "Families and individuals have had to abandon their belongings...

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U.S. Consumer Prices Jump in March After Stimulus as Economies Reopen By Investing.com

By Dhirendra Tripathi Investing.com – Consumer prices in the U.S. jumped 0.6% in March from a month earlier, just a tad more than the expectations of a 0.5% gain as consumers, armed with cash from the $1.9 trillion stimulus, flocked to buy more durables and groceries. On a year-over-year basis, the index rose 2.6%, the most since August 2018. Core CPI, which excludes food and energy costs, increased 0.3% in March and 1.6% over the same month last year. The rise in inflation was expected. It was in March last year when the U.S. and the...

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