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Argentina’s economy minister heads to Europe to woo finance officials over debts By Reuters

By Nicolás Misculin BUENOS AIRES (Reuters) - Argentine Economy Minister Martin Guzman will travel to Europe on Sunday to build support among G7 and G40 nations for a renegotiation of its multibillion-dollar debts to the International Monetary Fund (IMF) and the Paris Club group of creditor nations. Guzman will travel to Germany, France, Italy and Spain, where he will meet his counterparts and other officials to outline Argentina's restructuring plans during a five-day trip. "The objective is to get the necessary support from IMF shareholders (especially G7 and G20) to finalize a program that...

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EU proposes six-month tariff freeze with United States – Der Spiegel By Reuters

BERLIN (Reuters) - The European Union has suggested that it and the United States suspend tariffs imposed on billions of dollars of imports for six months, EU trade chief Valdis Dombrovskis was quoted as telling Germany's Der Spiegel on Saturday. That would go beyond a four-month suspension agreed last month, and send a signal that Brussels is seeking compromise in a 16-year-old dispute over aircraft subsidies. "We have proposed suspending all mutual tariffs for six months in order to reach a negotiated solution," Dombrovskis told the news magazine. "This would create a necessary breathing space for...

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“What a life!” Britain pays tribute to Prince Philip By Reuters

By Natalie Thomas WINDSOR, England (Reuters) - Gun salutes will be fired across Britain on Saturday to mark the passing of Prince Philip as tributes flooded in for a man who was a pillar of strength for Queen Elizabeth during her 69-year reign. Flowers were piled high outside royal residences as sombre mourners paid their respects to the 99-year-old prince who had spent more than seven decades at the heart of the British monarchy. "We're all weeping with you, Ma'am," read the front page of the Sun tabloid, while its rival the Daily Mail ran...

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Who will prevail? BAFTAs pushes diversity at film awards By Reuters

By Marie-Louise Gumuchian LONDON (Reuters) - American recession drama "Nomadland" and British coming-of-age story "Rocks" lead nominations at this weekend's BAFTA awards with seven nods each, but the race remains open with a list of contenders that shines the spotlight on diversity. The British Academy of Film and Television Arts ceremony will be held virtually over two nights as the COVID-19 pandemic prevents the usual celebrity-packed show with a live audience. Saturday's opening will look at the creative process in film-making and will hand out several awards, organisers have said, while the main prizes will be...

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Russian businessman Glushkov was strangled in 2018, British coroner rules By Reuters

LONDON (Reuters) - Russian businessman Nikolai Glushkov, who was found dead in 2018, was strangled in his home in southwest London by an unidentified person, a British coroner has ruled, the BBC reported. Glushkov fled Russia after being accused of fraud during his time as deputy director of the Aeroflot airline, and was granted political asylum in the UK in 2010, the BBC reported on Saturday. Senior coroner Chinyere Inyama ruled that Glushkov was unlawfully killed. A pathology report summarised to the court said the injuries "could be consistent with a neck-hold, applied from behind, and...

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Tesla Earnings beat, Revenue misses In Q1 By Investing.com

Tesla reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations. Tesla announced earnings per share of $0.81 on revenue of $10.15B. Analysts polled by Investing.com anticipated EPS of $0.7095 on revenue of $10.21B. Tesla shares are down 4% from the beginning of the year and are trading at $677.02 , down-from-52-week-high.They are under-performing the Nasdaq which is up 7.85% from the start of the year. Tesla follows other major Consumer Cyclical sector earnings this month Tesla's report follows an earnings beat by Nike on...

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U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.38% By Investing.com

Investing.com – U.K. equities were lower at the close on Friday, as losses in the Tobacco, Automobiles & Parts and Travel & Leisure sectors propelled shares lower. At the close in London, the Investing.com United Kingdom 100 declined 0.38%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Spirax-Sarco Engineering PLC (LON:SPX), which rose 2.43% or 290.0 points to trade at 12240.0 at the close. GMK Norilskiy Nikel PAO DRC (LON:NKELyq) added 2.01% or 0.62 points to end at 31.50 and Taylor Wimpey PLC (LON:TW) was up 1.88% or 3.50...

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Clothing and Handbag Makers Jump on Consumer Spending Expectations By Investing.com

By Dhirendra Tripathi Investing.com – Shares of companies that make everything from clothing to jewelry, footwear and handbags gained Friday on optimism they would benefit from more people splurging on these items as they return to work. PVH (NYSE:PVH), formerly known as Philips-Van Heusen Corp, rose just short of 4% while Tapestry (NYSE:TPR) and Gap (NYSE:GPS) rose by around 3% each. Ralph Lauren (NYSE:RL) rose 2.4%. Analysts expect demand for new clothes, shoes, accessories and fashion gear to spurt with vaccinations increasing and as consumers, loaded on last year’s savings, look for ways to spend it. ...

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Analysis: Amazon’s win in union fight shows harsh realities facing labor movement By Reuters

By Jeffrey Dastin and Mike Spector (Reuters) - Amazon.com Inc (NASDAQ:AMZN)'s fierce resistance to unionization, skepticism among workers that organizing could get them a better deal and decisions on election parameters all contributed to the apparently lopsided defeat of a labor drive at the company's warehouse in Bessemer, Alabama, people close to the events said. A vote by workers on whether to unionize failed on Friday by a more than 2-to-1 margin in a major win for the world's largest online retailer. The union plans to object to the results based on Amazon's conduct during the...

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China regulators fine Alibaba $2.75 billion for anti-monopoly violations By Reuters

SHANGHAI (Reuters) - Chinese regulators have fined Alibaba (NYSE:BABA) 18 billion yuan ($2.75 billion) - around 4% of its revenues in 2019 - for violating anti-monopoly rules and abusing its dominant market position. The State Administration for Market Regulation has also ordered Alibaba to make "thorough rectifications" to strengthen internal compliance and protect consumer rights. ($1 = 6.5522 yuan) ...

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