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US imposes tariffs on European goods amid aircraft subsidies dispute
The US government said overnight that it would raise tariffs on certain European goods such as French and German wines amid a long-running dispute over aircraft subsidies.
China plans 'rectification' drive to divide Alibaba's empire - report
Beijing is reportedly accelerating plans to bring Jack Ma’s Ant Group more closely under its control as part of a “rectification” drive that would make it difficult for one of China’s richest men to fully rebuild his online empire.
China's Sinopharm seeks Covid vaccine approval at 79% effectiveness
Chinese Covid-19 vaccine developer Sinopharm said it will seek approval from regulators after final stage trials showed a 79% efficacy rate.
EU-China 'likely to close investment deal this week'
China and the European Union are likely to close an investment deal this week, according to reports on Tuesday.
EU ambassadors approve provisional application of Brexit deal
Ambassadors of European Union governments in Brussels approved on Monday the provisional application of the new Brexit trade deal from 1 January 2021.
UK economy may be 6% smaller in early 2021 than initially forecast
The UK economy could be up to 6% weaker in early 2021 than expected in initial forecasts.
Trump signs Covid-19 relief package preventing government shutdown
US President Donald Trump signed a bill on Sunday to approve the $2. 3tn pandemic and spending package that would restore benefits to millions of American citizens.
China launches antitrust investigation into Alibaba
Chinese regulators have launched an anti-monopoly investigation into technology giant Alibaba and will also look into its online finance spinoff, Ant Group.
Daimler preparing to list truck division - report
German luxury carmaker Daimler is preparing a stock market listing of its trucks division, business paper Handelsblatt reported late on Tuesday.
UK's Octopus Energy valued at $2bn after Japan supply agreement
Octopus Energy is set to expand into Japan after striking a supply deal with utility group Tokyo Gas that values the UK company at more than $2bn (£1. 5bn).
Toyota set to close UK, French plants due to Covid border closures
Japanese carmaker Toyota said it would be closing down its British and French plants for the holiday season sooner than expected due to the border chaos caused by the new strain of Covid-19 found in the UK.
Fiat Chrysler, PSA win EU approval for $38bn merger
Fiat Chrysler and PSA have received approval for their $38bn merger, the European Commission said on Monday.
FCA fines Charles Schwab UK almost £9m over compliance failures
The UK's Financial Conduct Authority has fined Charles Schwab UK £8. 96m for failing to adequately protect client assets and making a false statement to the regulator.
Trump signs temporary bill to avoid government shutdown
US President Donald Trump signed a temporary spending bill on Sunday night to avoid a government shutdown, the White House said in a statement.
'Clean slate' for Credit Suisse next year, says CEO
Credit Suisse chief Thomas Gottstein told the Financial Times on Monday that 2021 would be a new era for the bank, which will start the year with a "clean slate".
Alibaba 'dismayed' by its ethnicity profiling algorithm
Alibaba said it was “dismayed” after learning that Alibaba Cloud had developed facial recognition technology to identify ethnicity and thus profile “Uyghur” muslims.
Sony pulls Cyberpunk 2077 from PlayStation store after complaints
Sony announced on Friday it would be pulling CD Projekt's much-hyped Cyberpunk 2077 computer game from the PlayStation Store after customers complained about glitches and compatibility issues.
British Airways drops 15 long-haul destinations from 2021
British Airways has cancelled over 15 long-haul routes starting from 2021 as travel demand falls amid the coronavirus pandemic.
Lloyd's to quit fossil fuel investments by 2022
Lloyd’s, the world’s biggest insurance market, said it would no longer invest in fossil fuel projects from January 2022 and would pull insurance on existing investments by 2030.