Italian prime minister Conte offers resignation to president – Corriere

Corriere della Sera reports with the headline This is very much expected as mentioned earlier here. The question now is will he be able to form a viable coalition to return back to the helm. Otherwise, fresh elections certainly isn’t out of the realm of possibilities at this stage. For bank trade ideas, check out […]

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Analysis: Biden’s $1.9 trillion rescue package offers bridge for hard-hit economy

© Reuters. FILE PHOTO: U.S. President-elect Joe Biden walks into the Queen Theatre in Wilmington By Ann Saphir (Reuters) – U.S. President-elect Joe Biden’s proposal to pour $ 1.9 trillion into a hobbled economy could lay the foundation for a surge in jobs and spending that many economists say is needed to avoid long-term damage […]

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Saudi crown prince says kingdom offers $6 trln investment opportunities over next decade -state news agency

© Reuters. FILE PHOTO: Saudi Arabia’s Crown Prince Mohammed bin Salman speaks during the Gulf Cooperation Council’s (GCC) 41st Summit in Al-Ula LONDON (Reuters) – Saudi Crown Prince Mohammed bin Salman said the kingdom offers investment opportunities worth $ 6 trillion over the next decade, with new projects representing half of this value, the state […]

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Analysis: Thin Democratic control of Senate offers Biden chance for steps on climate

By Timothy Gardner and Valerie Volcovici WASHINGTON (Reuters) – Democratic control of the Senate offers President-elect Joe Biden an opportunity to advance parts of his climate agenda, but the paper-thin majority likely puts sweeping global warming legislation beyond reach. The election of Democrats Raphael Warnock and Jon Ossoff in the Georgia run-off on Tuesday put […]

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Brexit offers Britain chance to do financial services differently -minister

2/2 © Reuters. Canary Wharf business district in London 2/2 LONDON (Reuters) – Brexit offers Britain a chance to do things differently in financial services, finance minister Rishi Sunak said on Sunday, but it will co-operate with the European Union on an approach to the sector despite little detail on the topic in its trade […]

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U.S. offers Brazil telecoms financing to buy 5G equipment from Huawei rivals

2/2 © Reuters. U.S. Ambassador Todd Chapman walks between flags during a meeting at Sao Paulo’s Industries Federation in Sao Paulo 2/2 By Anthony Boadle and Andrea Shalal BRASILIA/WASHINGTON (Reuters) – The U.S. government stepped up an offensive on Tuesday to keep China’s Huawei Technologies out of Brazil’s 5G market, with Washington offering to finance […]

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Exclusive: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources

© Reuters. FILE PHOTO: TikTok logos are seen on smartphones in front of displayed ByteDance logo in this illustration By Echo Wang and Alexandra Alper NEW YORK/WASHINGTON (Reuters) – China’s ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald […]

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Canada offers C$2.5 bln in aid for hard-hit energy sector; death toll hits 1,250

8/8 © Reuters. Outbreak of the coronavirus disease (COVID-19) in Toronto 2/8 By David Ljunggren and Kelsey Johnson OTTAWA (Reuters) – Canada will invest C$ 2.5 billion ($ 1.8 billion) in measures to help the hard-hit oil and gas industry survive during the nation’s coronavirus outbreak, which has killed 1,250 people, Prime Minister Justin Trudeau […]

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Mylan offers concessions to address EU concerns about Pfizer deal

© Reuters. A logo for Pfizer is displayed on a monitor on the floor at the NYSE in New York BRUSSELS (Reuters) – Generic drugmaker Mylan NV (O:) has offered concessions to address European Union antitrust concerns about its bid for Pfizer ‘s (N:) off-patent branded drugs business Upjohn, a filing on the European Commission […]

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Sanctions-hit Venezuela offers big discounts as oil prices collapse: traders

By Marianna Parraga and Luc Cohen (Reuters) – Venezuela’s oil company PDVSA is this week offering discounts of up to $ 23 per barrel on its flagship crude, traders said, as a collapse in global oil prices puts more pressure on the state-run firm, already reeling from tightening U.S. sanctions. Petroleos de Venezuela [PDVSA.UL] had […]

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