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U.S. airlines closing in on new government assistance package

By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO (Reuters) - U.S. airlines are on the brink of receiving a four-month extension of a government assistance program that is expected to provide another $17 billion to fund payroll costs, congressional aides told Reuters. A roughly $900 billion coronavirus relief bill still under negotiation would allocate $17 billion to airlines and allow them to bring...

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Twitter reverts to old retweet function after U.S. election

(Reuters) - Twitter Inc (NYSE:TWTR) is reversing changes made to its retweet function intended to curb the spread of misinformation during the U.S. presidential election, the company said. The microblogging site had in October made it difficult for users to retweet a tweet with misinformation and promoted the use of quote tweets, which included commentary from the user. It...

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Macron and the moguls: Inside the fight over a ‘French Fox News’

By Michel Rose, Gwénaëlle Barzic and Mathieu Rosemain PARIS (Reuters) - Behind the corporate battle for French media company Lagardere, there's a political tug-of-war involving the country's richest man, a media magnate and President Emmanuel Macron. At stake is control of one of France's best-known private radio stations and its power to sway voters ahead of France's presidential election in 2022, when...

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Bank of England set to wait for end to Brexit stand-off

By William Schomberg LONDON (Reuters) - The Bank of England is expected to refrain from yet more stimulus on Thursday as it waits to see if a possible no-deal Brexit in two weeks' time deepens the problems already facing Britain's coronavirus-damaged economy. London and Brussels are still trying to avoid the shock of import tariffs on trade from Jan. 1, so the...

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Britain’s retail industry demands probe of disruption at ports

By James Davey LONDON (Reuters) - Britain's retailers and food manufacturers have called on lawmakers to urgently investigate ongoing disruption at UK ports, warning that delays were hurting their plans to build stocks ahead of Christmas and the Dec. 31 end of the Brexit transition period. The British Retail Consortium (BRC) and the Food and Drink Federation (FDF) said on Thursday they...

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Bank of England  Set to Keep Stimulus With Wary Eye on 2021

(Bloomberg) -- Bank of England policy makers make their final scheduled decision of the year on Thursday as uncertain as ever whether the U.K. will get a post-Brexit trade deal. With the path of the latest pandemic lockdowns also unclear, it means Governor Andrew Bailey and his colleagues are likely to keep policy unchanged for now, but stand ready to react swiftly should...

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Exclusive: Boeing hires pilots for airlines to help relaunch 737 MAX – sources

By Eric M. Johnson SEATTLE (Reuters) - Boeing (NYSE:BA) Co is hiring up to 160 pilots to be embedded at airlines in its latest bid to ensure its 737 MAX has a smooth comeback after a 20-month safety ban, according to a recruitment document seen by Reuters and people familiar with the move. The new "Global Engagement Pilots" will act as...

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Google secretly gave Facebook perks, data in ad deal, U.S. states allege

By Paresh Dave and Katie Paul (Reuters) - Facebook Inc (NASDAQ:FB) and Alphabet (NASDAQ:GOOGL)'s Google, the two biggest players in online advertising, used a series of deals to consolidate their market power illegally, Texas and nine other states alleged in a lawsuit against Google on Wednesday. Google and Facebook compete heavily in internet ad sales, together capturing over half of...

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Google staff demand exec step aside after ethicist’s firing – document

By Jeffrey Dastin and Paresh Dave (Reuters) - Staff on Google's Ethical AI research team on Wednesday demanded the company sideline a vice president and commit to greater academic freedom, escalating a confrontation with management following this month's termination of scientist Timnit Gebru. The personnel called on Vice President Megan Kacholia to be removed from the team's management chain after she allegedly...

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Anything goes in whacky world of emerging market debt

By Tom Arnold and Marc Jones LONDON (Reuters) - The coronavirus vaccine euphoria sweeping world markets is fuelling a mad dash into developing world debt that is shattering all previous boundaries and records, and shows no sign of slowing. Vaccine breakthroughs, the U.S. election result and the $15 trillion pile of mostly developed world negative-yielding debt means that almost anything with...

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