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February 22, 2020
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Inside the Philip Morris campaign to ‘normalize’ a tobacco device

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(Reuters) – At Germany’s Bambi Awards for the media industry in November, celebrities posed for red-carpet photos against a backdrop of established luxury brands. Alongside the likes of Mercedes-Benz and Swiss watchmaker Chopard was a newer name: IQOS, a “reduced risk” heated-tobacco device sold by cigarette maker Philip Morris International......
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Adidas’ China business activity falls 85% due to coronavirus

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FILE PHOTO: The Adidas logo is pictured during celebrations for German sports apparel maker Adidas’ 70th anniversary at the company’s headquarters in Herzogenaurach, Germany, August 9, 2019. REUTERS/Andreas Gebert/File Photo BERLIN (Reuters) – German sportswear maker Adidas (ADSGn.DE) said on Wednesday that business in the Greater China area had dropped......
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Chinese support measures buoy world stocks

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LONDON (Reuters) – Global shares were buoyant on Monday as the promise of further policy stimulus from China to counteract the economic hit from a coronavirus outbreak calmed nervous investors. Trading was light, with U.S. stocks and bond markets shut for a public holiday. Both the pan-European STOXX 600 index......
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Global shares edge higher on Chinese support measures

Reuters
LONDON (Reuters) – Global shares rose on Monday as the promise of further policy stimulus to counteract the economic hit from a coronavirus outbreak calmed nervous investors. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 14, 2020. REUTERS/Staff/File Photo......
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Activists in dinghy urge Credit Suisse off climate collision course

Reuters
ZURICH (Reuters) – Climate activists clad in Titanic-era costumes gathered in a rubber dinghy outside Credit Suisse’s headquarters on Thursday, to urge incoming chief executive Thomas Gottstein to steer the bank off a climate “collision course”. Protesters want the bank to divest from fossil fuels and present a strategy to......
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Jump in coronavirus cases yanks rally into reverse

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LONDON (Reuters) – A sharp rise in the number of coronavirus deaths and infections unnerved world markets on Thursday, as traders halted the rally in stocks and retreated to the safety of government bonds and gold. FILE PHOTO: The German share price index DAX graph is pictured at the stock......
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European stocks reach record highs on hopes virus is peaking

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LONDON (Reuters) – European equity markets pushed to record highs on Tuesday as China’s top medical advisor fuelled hopes the coronavirus epidemic may be close to peaking. China’s factories were struggling to re-open after an extended break and analysts were continuing to calculate the likely economic damage, but the mood......
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Exclusive: Hundreds of Chinese businesses seek billions in loans to contend with coronavirus – sources

Reuters
BEIJING (Reuters) – More than 300 Chinese companies are seeking bank loans totaling at least 57.4 billion yuan ($8.2 billion) to help to soften the impact of the coronavirus outbreak, two banking sources said. Customers wearing face masks shop inside a supermarket following an outbreak of the novel coronavirus in......
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Stocks surge, oil rebounds on China virus efforts

Reuters
NEW YORK (Reuters) – Crude oil prices rebounded and global equity markets surged on Tuesday as China’s efforts to minimize the economic impact from the coronavirus epidemic spurred investors’ risk appetite. The price of gold and government debt slid on views China will do whatever it can to alleviate the......
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Ryanair talks tough on compensation as 737 MAX woes cloud growth target

Reuters
DUBLIN (Reuters) – The “significant reputational hit” suffered by Boeing’s grounded 737 MAX airliner will have to be reflected in the compensation the planemaker pays Ryanair (RYA.I), the CEO of Europe’s biggest budget airline said on Monday. Michael O’Leary said as part of those talks he had made an offer......
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Ryanair posts third quarter profit but warns 737 MAX woes could delay growth target

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DUBLIN (Reuters) – Ryanair (RYA.I) cheered investors with a return to profit in the third quarter but warned its target of flying 200 million passengers per year may be delayed two years due to the grounding of Boeing’s (BA.N) 737 MAX jet. FILE PHOTO: Ryanair Boeing 737-8AS plane EI-EKG approaches......
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Shares struggle for footing after virus-battered week

Reuters
LONDON/SYDNEY (Reuters) – World share markets fought to regain their footing on Friday as investors clutched at hopes that China could contain the coronavirus, even as headlines spoke of more cases and deaths, travel bans, evacuations and factory shutdowns. FILE PHOTO: The London Stock Exchange Group offices are seen in......
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Russia’s first McDonald’s scraps 30th anniversary giveaway due to coronavirus fears

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MOSCOW (Reuters) – Russia’s first McDonald’s restaurant has scrapped a plan to sell Big Mac burgers for virtually nothing to mark its 30th anniversary over fears it would attract huge crowds, which authorities have advised against due to coronavirus fears. FILE PHOTO: People enter a McDonald’s restaurant in Moscow, Russia......
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Global stocks rebound in broad rally, safe-havens lose luster

Reuters
NEW YORK (Reuters) – Global equity markets rebounded in a broad rally on Tuesday and some safe-haven assets lost a bit of their appeal as investors took a less pessimistic view of the potential economic fallout from China’s coronavirus outbreak. Gold fell and the Japanese yen eased against the dollar,......
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Euro near seven-week lows before PMI data release

Reuters
LONDON (Reuters) – The euro held near seven-week lows on Friday after the European Central Bank struck a more dovish tone at Thursday’s meeting than some had expected. FILE PHOTO: Euro currency bills are pictured at the Croatian National Bank in Zagreb, Croatia, May 21, 2019. REUTERS/Antonio Bronic Investor attention......
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Dollar up vs euro as ECB holds rates steady, launches review

Reuters
NEW YORK (Reuters) – The dollar rose against the euro on Thursday after the European Central Bank held interest rates steady and launched a broad review of its policy that was likely to see new President Christine Lagarde redefine the ECB’s main goal and how to achieve it. FILE PHOTO:......
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German cabin crew union plans further strikes at Lufthansa

Reuters
FILE PHOTO: A Lufthansa Airbus A380-800 aircraft lands at Frankfurt Airport in Frankfurt, Germany April 29, 2019. REUTERS/Ralph Orlowski/File Photo BERLIN (Reuters) – German cabin crew union UFO said on Saturday it was planning further strikes at Lufthansa (LHAG.DE) to increase pressure on management after talks with Germany’s largest airline......
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Polish watchdog fines Volkswagen over ‘dieselgate’ scandal

Reuters
FILE PHOTO: A car with the Volkswagen VW logo badge is seen on display at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018. REUTERS/Jonathan Ernst/File Photo WARSAW (Reuters) – Poland’s consumer watchdog UOKiK said on Wednesday it was fining Volkswagen more than 120 million zlotys......
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Ryanair says could start getting Boeing 737 MAX by April

Reuters
FILE PHOTO: An aerial photo shows Boeing 737 MAX aircraft at Boeing facilities at the Grant County International Airport in Moses Lake, Washington, September 16, 2019. REUTERS/Lindsey Wasson/File Photo MADRID (Reuters) – Ryanair (RYA.I) could receive its first deliveries of up to 10 grounded 737 MAX aircraft from Boeing (BA.N)......
Reuters - Business

Yuan soars, yen falls as U.S. drops China FX manipulator label

Reuters
LONDON (Reuters) – The Japanese yen plumbed eight-month lows while China’s yuan climbed to its highest level since July on Tuesday as the U.S. Treasury Department reversed its decision in August to designate China as a currency manipulator. FILE PHOTO: Banknotes of Euro, Hong Kong dollar, U.S. dollar, Japanese yen,......

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