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Unilever puts Lipton on back burner as it strategically reviews tea biz

Unilever puts Lipton on back burner as it strategically reviews tea biz

The food and refreshment business - which makes Lipton teas and Hellmann's mayonnaise among others and contributes 40 percent to group sales - has been hit particularly hard in North America and Eur...

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Brexit: The day arrives for the United Kingdom to leave the EU

There'll be rejoicing in some quarters, and sorrow in others on Brexit day. But legally, Britain is out of the EU. Many are enthusiastically celebrating the occasion. At 10:00 p.m., he will broadcas...

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Gold: Global demand dropped by 1% in 2019 - WGC

Gold: Global demand dropped by 1% in 2019 - WGC

Global demand for gold inched lower in 2019 as heavy purchases by investors, and central banks had been offset by weaker sales to retail customers who balked at rising prices, the World Gold Coun...

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As Trump takes victory lap, Canada begins USMCA approval

As Trump takes victory lap, Canada begins USMCA approval

In a letter she wrote to the president and congressional leaders last April, which was signed by Washington state legislators from both parties in the House and Senate, Dye noted, "Continued, un...

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UK house price growth at 14-month high, says Nationwide

UK house price growth at 14-month high, says Nationwide

Prices were 1.9% higher than a year earlier for the average British property sold with a Nationwide mortgage in January, topping analysts' expectations. Labour market data was surprisingly upbeat ...

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MPC members hold Bank Rate in split vote

MPC members hold Bank Rate in split vote

Thursday's meeting was Carney's last at the bank's helm. The bank kept the door open for a move after Governor Mark Carney hands over to his successor, Andrew Bailey , in March. Although official...

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China’s coronavirus death toll rises to 213, health officials say

Thursday's revelation means the U.S. is now the fifth confirmed country with a direct transmission case of the virus. The White House has said it is considering further restrictions on US airlines...

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US economy misses Trump's 3% growth target in 2019

US economy misses Trump's 3% growth target in 2019

The fourth-quarter GDP figures are consistent with the Fed's two per cent growth forecast for 2020, indicating policy makers can hold the line on interest rates after three reductions in 2019. "Good...

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Northern Rail to be brought under government control

Northern Rail to be brought under government control

It means that Arriva Rail will be stripped of the franchise, following months of major disruption and chaos for commuters across the region. Shapps said in a written statement to parliament re-natio...

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Mr. Stop Brexit won’t give up despite UK’s departure from EU

Mr. Stop Brexit won’t give up despite UK’s departure from EU

After Britain's MEPs carried out their last official duty by taking part in the vote, they linked hands with their European colleagues to sing Auld Lang Syne , bringing some MEPs to tears, before lea...

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Samsung Q4 profits slumps by 34%, hopes 5G improves current situation

Samsung Q4 profits slumps by 34%, hopes 5G improves current situation

Samsung Electronics' operating profits plunged in the fourth quarter of 2019 due to the weak memory chip business. For the fourth quarter, the company reported operating profits of 7.16 trillion wo...

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Three Japanese returnees from Wuhan test positive for new coronavirus

Three Japanese returnees from Wuhan test positive for new coronavirus

According to authorities, cases of the new coronavirus have been registered in all Chinese regions. All but one were in Hubei. The number of confirmed new cases also rose by 1,732 for a total of 7...

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No change from Bank of England on United Kingdom rates

The bank has long signalled that it expects to increase rates gradually, but in November it softened its language on the prospect of hikes, saying they "might" be necessary if global growth improved a...

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Tesla Model Y Deliveries To Start By End Of Q1 2020

Tesla Model Y Deliveries To Start By End Of Q1 2020

In a letter to investors, Musk announced the Model Y will go into production two whole seasons ahead of schedule, moving the date up from fall of this year to spring, according to The Verge . In a ...

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Extending Losses after EIA Reports Larger-than-Expected Inventory Build

Extending Losses after EIA Reports Larger-than-Expected Inventory Build

Three Japan citizens evacuated from Wuhan, China, and repatriated on Wednesday have been confirmed to be infected with the coronavirus, including two without symptoms, the health ministry said on Thur...

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Fed keeps rates steady, to tailor T-bill purchases

Fed keeps rates steady, to tailor T-bill purchases

Still, Paul Ashworth, chief US economist at Capital Economics, said he saw nothing in the Fed´s statement or at Powell´s news conference to make him change his belief that the central bank will keep...

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China virus evacuations begin as death toll rises

China virus evacuations begin as death toll rises

Tedros told reporters he met on Tuesday with China's President Xi Jinping, National Health Commission Minister Ma Xiaowei and Ministry of Foreign Affairs Wang Yi to discuss virus containment and sha...

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Tesla beats profit estimates, expects strong 2020 production

The United States-based company said its Model 3 and Model Y electric sport utility vehicle capacity should reach 500,000 units per year in its Fremont, California factory. Tesla has already reported ...

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Starbucks Shutters 2,000 China Branches in Face of Coronavirus Threat

Starbucks Shutters 2,000 China Branches in Face of Coronavirus Threat

The world's largest coffee chain delayed a planned update - based on strong quarterly earnings results - to its 2020 financial forecast because of the outbreak, which has caused more than 100 deaths a...

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British Airways suspends flights to mainland China as coronavirus outbreak kills 132

One measure could affect all flights between the U.S. and China, as well as to and from various airports across the United States, as USA officials have already told U.S. Air India and South Korean bu...

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Dow closes more than 450 points lower as coronavirus fears rise

Dow closes more than 450 points lower as coronavirus fears rise

Besides the threat to people's lives and health, investors are anxious about how much damage the virus will do to profits for companies around the world. Booking companies and cruise-line operators ar...

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How major U.S. stock indexes fared Tuesday

How major U.S. stock indexes fared Tuesday

Of the S&P 500 companies that have reported thus far, about 67 percent have posted better-than-expected earnings, according to FactSet. The Dow Jones Industrial Average gained 187.05 points, or 0....

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US Fed leaves key rate on hold, says policy is appropriate

US Fed leaves key rate on hold, says policy is appropriate

While investors have increased bets the Fed would cut rates again at some point this year, analysts still were near unanimous that any such decision is months down the road. Indeed, the International ...

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Coronavirus: Americans Cheer As Evacuation Flight From Wuhan Reaches U.S.

Coronavirus: Americans Cheer As Evacuation Flight From Wuhan Reaches U.S.

Dozens of others are in isolation as officials await test results. This is because of the way the virus spreads, according to a doctor who has analysed just how contagious the Wuhan coronavirus...

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Stock Market Plunges as Coronavirus Injects Fresh Worries

Stock Market Plunges as Coronavirus Injects Fresh Worries

The companies get most of their revenue from the Chinese gambling haven of Macao. The S&P energy index dropped 2.0% as crude price fell below $60 per barrel on fears of slowing oil demand following ...

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Warren Buffett throws in the towel on his newspaper empire

Warren Buffett throws in the towel on his newspaper empire

Berkshire hired Lee Enterprises to run all of the company's newspapers in mid-2018 except the Buffalo News , which is included in the sale along with dozens of other newspapers. He previously owned...

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Boeing records first annual loss since 1997 as 737 MAX costs mount

Boeing records first annual loss since 1997 as 737 MAX costs mount

The annual loss is dramatic compared to Boeing's results past year, when it posted a profit of $10.46 billion. That's on top of more than US$9 billion in Max-related costs already disclosed. His pre...

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British Airways suspends all flights to China over Coronavirus

British Airways suspends all flights to China over Coronavirus

Another source said that during a conference call on Tuesday the White House did not take the possibility of suspending flights off the table. Passengers on some flights to China will have to make d...

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Wuhan virus: Russian airline suspends flights to Europe over coronavirus

The two preliminarily confirmed cases involve a 73-year-old female and a 72-year-old male who reside in Wuhan, capital of Hubei Province. The U.S. government is urging Americans to cease travel to C...

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[Monitor] South Korea has largest trade surplus with Hong Kong

Other coronaviruses like MERS-CoV and SARS-CoV have caused outbreaks internationally and have been known to cause severe illness. The death toll in China from the new coronavirus has risen to 132 wi...

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