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British insurer Aviva exits Italy

British insurer Aviva posted flat operating profit for 2020 and sold its remaining businesses in Italy, it said on Thursday, as it tries to focus on its key markets of…

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Italy’s poverty at highest level in 15 years – ISTAT

(ANSA) - ROME, MAR 4 - ISTAT said Thursday that the number of people in absolute poverty in Italy reached the highest level in 15 years in 2020, according to…

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L’Oreal responds to push for natural ingredients in make-up

Maybelline and Lancome maker L'Oreal aims to derive nearly all its ingredients from renewable plant sources and abundant minerals by 2030, it said on Thursday, as demand for organic and…

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Etihad Airways posts $1.7 bln loss in 2020

Abu Dhabi-based Etihad Airways posted on Thursday a core operating loss of $1.7 billion for 2020, more than double the year before due to lower demand and reduced service in…

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World food price index rises in February for ninth month running -FAO

World food prices rose for a ninth consecutive month in February, hitting their highest level since July 2014, led by jumps in sugar and vegetable oils, the United Nations food…

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Schwarzkopf maker Henkel expects sales recovery as salons reopen

German consumer goods company Henkel said on Thursday it expects sales to rebound this year as hair salons reopen, although demand for detergent and home care products, boosted by the…

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EU regulators approve $24 bln French scheme to help virus-hit companies

EU competition enforcers on Thursday cleared a 20-billion-euro ($24 billion) French scheme to help virus-hit companies via quasi-equity loans and subordinated debt. The European Commission said the scheme consists of…

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Lufthansa weighs faster plane retirements after record loss

Lufthansa may permanently ground more jets to emerge leaner from the coronavirus pandemic, the German airline group said on Thursday, as it reported a record 6.7 billion euro ($8.10 billion)…

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German business decries gradual easing of coronavirus curbs as “disaster”

German business groups expressed dismay on Thursday after Chancellor Angela Merkel and state leaders agreed a gradual easing of coronavirus curbs but added an "emergency brake" to reimpose restrictions if…

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Cyprus to lift veil of secrecy with register of company owners

Cyprus plans to launch a register in coming months identifying the owners of thousands of companies on the island, lifting a veil of secrecy on opaque and complex corporate structures…

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Thailand plans to allow foreign tourists to quarantine in resorts

Thailand’s tourism minister said on Thursday he will propose a plan for foreigners to undertake COVID-19 quarantine in popular tourist areas, including beach resorts, in a bid to help revive…

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MEA Survey results: Recovery will be slower than anticipated; employment level is stable but dependent on extended fiscal stimulus

Job retention remained strong despite the country approaching twelve months of restrictions caused by an ongoing pandemic and 76% of businesses plan to keep their workforce for the coming three…

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Gold recovers from 9-month low

Gold prices edged up on Thursday to recover from a near nine-month low hit in the previous session, although higher U.S. Treasury yields continued to weigh on the non-yielding bullion's…

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Oil prices firm on prospect of OPEC+ maintaining supply cuts, drop in U.S. inventories

Oil prices rose for a second straight session on Thursday, as the possibility that OPEC+ producers might decide against increasing output at a key meeting later in the day lent…

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Germany’s lockdown-hit services firms remain optimistic

Germany's services sector continued to suffer under an extended coronavirus lockdown in February, but firms remained optimistic about the outlook in light of first steps to ease restrictions and efforts…

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Number of Germany’s electric vehicle charge points rise 10% since December

The number of charging points for electric vehicles in Germany has increased by more than 10% in the past three months to reach 39,538, energy industry association BDEW said on…

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UK startup develops gyroscope glove to ease tremors for those with Parkinson’s

A UK startup has developed a glove with a built-in spinning gyroscope that it says can help people with Parkinson's disease and Essential tremor (ET) overcome their often debilitating tremors…

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Zoom Video Meeting application down for more than a thousand users – Downdetector

March 3 (Reuters) - Zoom Video Communications Inc's video-conferencing platform was down for more than a thousand users on Wednesday, according to outage tracking website Downtector.com. Downdetector showed there were…

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Mar

Cyber security firm Avast boosted by work-from-home trend

Cyber security company Avast said demand for its products surged in the second quarter of 2020 as people shifted to working from home in the pandemic, helping it to meet…

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Kuehne & Nagel 2020 core profit inches up on air logistics

Swiss logistics group Kuehne & Nagel International reported on Wednesday a slight increase in 2020 core earnings, with pharmaceuticals and e-commerce growth driving growth in a year marked by the…

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Euro zone in double-dip recession but optimism soared in Feb -PMI

The euro zone economy is almost certainly in a double-dip recession as pandemic-linked lockdowns continue to hammer the services industry, a survey showed on Wednesday, but hopes for a wider…

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Spain’s jobless hit four million for first time in five years

The number of jobless people in Spain rose above 4 million for the first time in five years in February, official data showed, as COVID-19 restrictions ravage the ailing economy.…

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Microsoft says Chinese hackers targeted groups via server software

A China-linked cyber-espionage group has been remotely plundering email inboxes using freshly discovered flaws in Microsoft mail server software, the company and outside researchers said on Tuesday - an example…

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Deutsche Telekom pitches to design German digital vaccination ‘passports

Deutsche Telekom this week said it had submitted a pitch to the German government to design a digital vaccination passport, as part of European efforts to reopen travel for those…

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Britain raises contactless limit as COVID accelerates electronic payments

Britain is more than doubling to 100 pounds ($139.75) the limit on contactless payments made with debit or credit cards, the finance ministry said on Wednesday, as COVID-19 accelerates a…

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UPDATED: Ryanair sees 60-70% of normal traffic this summer

Ryanair hopes to fly up to 70% of 2019 passenger numbers this summer, thanks to COVID-19 vaccines and more coronavirus testing, provided travellers who have been vaccinated or had negative…

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Malta based Blockchain sports firm Chiliz to invest $50 million in U.S expansion

Blockchain sports venture Chiliz, which is heavily involved in European soccer, will invest $50 million in an expansion to the United States, chief executive Alexandre Dreyfus has told Reuters. The…

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Oil rises on demand hopes after days of sell-off

Oil prices rose on Wednesday, boosted by demand hopes on progress made in U.S. vaccine rollouts, while uncertainty over how much supply OPEC+ will restore to the market at its…

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Firm U.S. yields keep gold under pressure

Gold prices fell on Wednesday for a sixth session in seven, as expectations that U.S. Treasury yields would move higher on further economic stimulus kept non-yielding bullion under pressure. Spot…

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Around the world, COVID prompts new look at company taxes

The huge public deficits that have piled up as governments bail out their pandemic-hit economies are prompting the first rethink of a four-decade decline in corporate tax rates worldwide. Britain…

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Revamped Alitalia to start with 45 planes, get 1 bln euros in aid

A revamped Alitalia will start with 45 planes, have around 4,500 workers and get just over 1 billion euros ($1.2 billion) in state support, less than half of what was previously envisaged,…

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Jack Ma loses title as China’s richest man after coming under Beijing’s scrutiny

Alibaba and Ant Group founder Jack Ma has lost the title of China's richest man, a list published on Tuesday showed, as his peers prospered while his empire was put under heavy scrutiny by…

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UK banks face savings glut on road to pandemic recovery

Britain's big four banks amassed more than 200 billion pounds ($277.52 billion) of new deposits last year as customers reined in spending through pandemic lockdowns, far outstripping extra lending to struggling businesses and households.…

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Euro area annual inflation stable at 0.9%

Euro area annual inflation is expected to be 0.9% in February 2021, stable compared to January, according to a flash estimate from Eurostat, the statistical office of the European Union.…

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Construction workers least paid in Malta

Construction is the lowest paying sector in Malta, a study by Eurostat has found. The European statistical agency has looked at earnings in different economic sectors in every Member State,…

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Oil down more than 1% on Chinese fuel demand doubts, OPEC supply concerns

Oil prices fell more than 1% on Monday as fears that Chinese oil crude consumption is slowing and that OPEC may increase global supply following a meeting this week. Brent crude settled at…

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Euro zone factories buzzing in February as demand soars

Euro zone factory activity raced along in February thanks to soaring demand, a survey showed on Monday, although the burst of business led to a shortage of raw materials and…

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Pilots union calls for government to act quickly on Alitalia revamp

Italy's new government must act quickly to break the deadlock over the revamp of Alitalia, the trade union representing the airline's pilots and flight attendants said ahead of state talks…

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Piaggio, KTM, Honda and Yamaha to create swappable batteries consortium

Italian scooter maker Piaggio said on Monday it signed a letter of intent with KTM AG, Honda Motor Co. and Yamaha Motor Co. to set up a consortium for swappable…

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Libya’s NOC says Paris court confirmed that LERCO must pay it $115 million plus interest

Libya’s National Oil Corp (NOC) said that a Paris court of appeal had upheld an award by a court of arbitration against Libyan Emirates Oil Refining Company (LERCO) regarding the…

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Britain’s online grocery boom

The online share of British grocery sales hit a record 16% in January, up from 8% in the same month last year, driven by increased demand during the country's third…

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Logitech sees pandemic-driven growth continuing

Computer goods maker Logitech International increased its 2021 guidance on Monday and issued a 2022 forecast, saying growth trends in remote work, video collaboration, esports and digital content creation would…

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Morrisons adds 300 UK stores

British supermarket chain Morrisons extended a deal with convenience store operator McColl's to rename 300 McColl's outlets as Morrisons Daily shops, increasing the brand's presence in the neighbourhood market. Morrisons…

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Turkey emerges from COVID-hit 2020 with 1.8% economic growth

Turkey's economy grew a less-than-expected but still hot 5.9% in the fourth quarter of 2020 and 1.8% in the year as a whole, data showed on Monday, emerging as one…

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Australia home prices, job ads surge as recovery blitzes expectations

Australian home prices raced at the fastest clip in almost two decades in February and job advertisements skyrocketed, data showed on Monday, as the economy rapidly emerged from its once-in-a-generation…

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Bitcoin is at a “tipping point,” Citi says

Bitcoin rose nearly 6% on Monday as risk assets rallied after last week's bond rout cooled, and Citi said the most popular cryptocurrency was at a "tipping point" and could…

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Eurofins launches prescription-free COVID-19 test, eyes further growth

Eurofins Scientific announced on Monday the launch of a prescription-free at-home COVID-19 PCR test, as the French laboratories and diagnostics company eyed further growth. The group, which has launched an…

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Banks in EU to publish world’s first “green” yardstick from next year

Banks in the European Union would have to publish a groundbreaking "green asset ratio" (GAR) as a core measure of their climate-friendly business activities from next year, the EU's banking…

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Oil prices climb after progress on huge U.S. stimulus bill

Oil prices rebounded more than $1 on Monday after the U.S. House of Representatives passed a huge stimulus package, although a drop in China's February factory activity growth capped gains.…

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Gold rises 1% on weaker dollar

Gold prices rose 1% on Monday, recovering from a more than eight-month low touched in the previous session, as the dollar weakened and the United States passed a massive $1.9…

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EU states back plan to expose corporate tax avoidance schemes

The EU has moved to force multinational companies to publish a breakdown of the tax they pay in each of the bloc’s member states and in tax havens. Country-by-country reporting…

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DHL Express and SmartLynx Malta partner to break new ground in cargo transportation

DHL Express and SmartLynx Malta announced the signing of a new partnership agreement for the introduction of two newly converted Airbus A321-200 freighters joining DHL's European air fleet. The new…

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UK’s Sunak will set out plans to raise income tax by 6 billion sterling – The Times

(Reuters) - British finance minister Rishi Sunak will set out plans to raise income tax by 6 billion pounds ($8.36 billion), The Times reported on Sunday. The chancellor will say…

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Feb