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Updated: 4 years 27 weeks ago
Britain's John Lewis launches strategy review after profit slide
British employee-owned retailer, the John Lewis Partnership, has launched a strategic review of its business after reporting a 23% fall in annual profit, a third straight decline, primarily reflecting a dire performance from its department stores arm.
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Finland's Nokia announces 5G partnership with Intel
Finland's Nokia Oyj has entered into partnership with Intel to accelerate its so-far sluggish shift to 5G, the company said on Thursday, a day after announcing a similar deal with Marvell Technology .
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Asian shares grind higher, virus risks block the way
Asian shares rallied for a fourth straight session on Thursday as U.S. markets swung sharply higher and another dose of central bank stimulus offered some salve for the global economic outlook.
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Fund managers change tack as Fed reacts to virus
Fund managers are changing their allocations after the U.S. Federal Reserve stunned investors with a half-point rate cut this week to contain the economic fallout from the coronavirus epidemic.
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UBS hardens energy lending as 'sustainable' investments rise
Switzerland's UBS said the value of its 'sustainable' investments rose by more than 50% to nearly $500 billion in 2019, while lending to the energy and utilities sectors fell by 40% as it tightened its rules.
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Oil prices climb ahead of OPEC meeting to discuss supply cuts
Oil prices climbed higher on Thursday ahead of an OPEC meeting in which Saudi Arabia is expected to push the group and its allies including Russia to agree to further output cuts to support the market.
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British regional airline Flybe collapses after coronavirus blow
British regional airline Flybe collapsed on Thursday after a plunge in travel demand, making the struggling carrier the industry's first big casualty of the coronavirus outbreak.
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ProSieben's e-commerce arm buys Meet Group for $500 million
ProSiebenSat.1 Media said on Thursday its e-commerce arm NuCom would buy U.S. dating app developer Meet Group Inc , as the German broadcaster doubles down on digital growth to offset its declining commercial TV franchise.
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Facebook confirms contractor in Seattle diagnosed with coronavirus
Facebook Inc on Thursday confirmed that a contractor at a Seattle office has been diagnosed with the coronavirus and the social media giant said it would close that location until March 9.
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Apple, Netflix pull out of South by Southwest festival amid coronavirus outbreak
Apple Inc and Netflix Inc said they were pulling out of the South by Southwest music and tech festival to be held later this month, amid the coronavirus outbreak.
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Oil rises more than 1% ahead of OPEC meeting to discuss supply cuts
Oil prices rose more than 1% on Thursday ahead of an OPEC meeting in which Saudi Arabia is expected to push the group and its allies including Russia to agree to further output cuts to support the market.
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British regional airline Flybe says enters into administration
British regional airline Flybe said early on Thursday it entered into administration, as the already struggling carrier failed to withstand the plunge in travel demand caused by coronavirus.
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Exclusive: Mexican private sector pitches $92 billion in energy investment - document
Mexico's private sector has drawn up a broad package of proposed energy investments for the government worth almost $92 billion, according to a document seen by Reuters on Wednesday, providing a potential lift to the country's misfiring economy.
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Apple pulls out of South by Southwest festival amid coronavirus outbreak
Apple Inc is pulling out of this month's South by Southwest music and tech festival amid the coronavirus outbreak, a company spokesman said on Wednesday.
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Oil rises more than 1% on smaller-than-expected rise in crude stocks
Oil prices rose more than 1% on Thursday, recouping losses from the previous day on a smaller-than-expected rise in crude oil inventories in the United States, although the gains were capped by uncertainties over cuts by major oil producers.
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Wells Fargo to raise minimum pay in most of its U.S. markets
Wells Fargo & Co said on Wednesday it plans to increase minimum wage to between $15 and $20 per hour for most of its U.S. markets, joining other Wall Street banks that have raised hourly pay in recent years.
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U.S. senator's trade advice to EU: Keep calm and put agriculture on the table
The Trump administration would face resistance from the U.S. Congress if it tried to push through a mini trade deal with the European Union that did not include agriculture, U.S. Senate Finance Committee Chairman Chuck Grassley said on Wednesday.
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United Airlines, JetBlue cut flights, spending as coronavirus hits demand
United Airlines Holdings Inc and JetBlue Airways Corp are cutting flights and implementing cost controls in the most drastic actions by U.S. airlines to get ahead of depressed travel demand due to the spreading coronavirus.
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U.S. lawmakers seek to step up pressure on UK to reverse Huawei 5G decision
Members of the U.S. Congress on Wednesday took another step to try to prod Britain to reverse its decision to allow China's Huawei Technologies Co to build portions of the UK's next generation 5G networks.
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Asia shares follow Wall Street higher, but virus risk lurks
Asian shares were looking to rally for a fourth straight session on Thursday as U.S. markets swung sharply higher and another dose of central bank stimulus offered some salve for the global economic outlook.
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