Cyclical rally, U.S. jobs data drive European stocks to one-week high

(Reuters) – European shares closed at a one-week high on Thursday as hopes of a COVID-19 vaccine and a better-than-expected rebound in U.S. hiring overshadowed concerns about surging coronavirus infections. The pan-European STOXX 600 rose 2%, easing slightly from highs hit after data showed the U.S. economy created a record 4.8 million jobs in June as more restaurants and bars […]

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European shares edge lower at the end of strong quarter

(Reuters) – European stocks slipped on Tuesday, with banks and energy firms leading the losses at the end of a strong quarter, while UK markets took a hit from a worse-than-expected GDP reading. The pan-European STOXX 600 index looked set to post a more than 12% rise in the quarter – its best since March 2019 – as unprecedented stimulus, […]

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Duda to face Warsaw mayor in Poland's presidential runoff vote

Incumbent president secures 43.7 percent of votes while runner-up Trzaskowski has 30.3 percent, official results show. Conservative incumbent Andrzej Duda has secured the top position in Poland’s presidential election and will face Warsaw’s liberal mayor in the runoff next month, according to official results. Duda, who is backed by the governing Law and Justice (PiS) party, won 43.7 percent of […]

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Germany puts neo-Nazis on trial for pro-refugee politician murder

Two far-right supporters appear in court over case prosecutors believe to be motivated by ‘racism and xenophobia’. A trial of two neo-Nazis has begun in Germany over the murder of pro-refugee politician Walter Lubcke, in a case that highlighted the growing threat of far-right violence in the country. The main suspect, Stephan E, 46, appeared before the higher regional court […]

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EU's rights court faults France over Israel boycott convictions

European Court of Human Rights says French judges were wrong to convict activists who staged ‘boycott Israel’ protest. Europe’s top rights court has ruled that French judges were wrong to convict activists who staged a “boycott Israel” demonstration at a supermarket, saying the protest could not be considered an incitement to discrimination. The European Court of Human Rights (ECHR) on […]

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Libya's Tripoli government seizes last LNA stronghold near capital

TRIPOLI (Reuters) – Forces loyal to Libya’s internationally recognised government captured the last major stronghold of eastern commander Khalifa Haftar near Tripoli on Friday, capping the sudden collapse of his 14-month offensive on the capital. Military sources in Haftar’s Libyan National Army (LNA) said their forces had withdrawn from the town of Tarhouna. They headed towards Sirte, far along the […]

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Libyan government says it has entered Haftar stronghold Tarhouna

TUNIS (Reuters) – Forces loyal to Libya’s internationally recognised government said on Friday they had entered Tarhouna, the last major stronghold of eastern commander Khalifa Haftar near Tripoli, capping the sudden collapse of his 14-month offensive. There was no immediate comment from Haftar’s Libyan National Army (LNA) on whether its forces remained in the town, a day after they were […]

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MORNING BID-Sultans of stimulus

A look at the day ahead from Senior FX Correspondent, Saikat Chatterjee. The views expressed are his own. The beleaguered U.S. dollar got some respite on Thursday as Wednesday’s ADP jobs survey showed 2.8 million jobs being lost, far short of forecasts of 9 million lost, and the ISM non-manufacturing PMI also beat estimates, though it continues to show a […]

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As China pushes back on virus, Europe wakes to 'Wolf Warrior' diplomacy

LONDON/BRUSSELS (Reuters) – Earlier this month, Europe’s ambassador in Beijing submitted to Chinese censorship. Seeking to mark an anniversary of the European Union’s relations with China on May 6, he and the EU’s 27 ambassadors co-wrote an opinion piece titled “EU-China ties vital amid global crisis,” for publication on embassy websites and in China Daily, an English-language newspaper controlled by […]

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EU and UK fail to bridge gaps in Brexit talks

United Kingdom insists there will be no extension to Brexit transition period, despite coronavirus crisis. The United Kingdom and the European Union showed little sign of progress towards a deal on their post-Brexit relationship this week, failing to bridge differences over future competition and EU fishing access to British waters. The EU’s chief negotiator Michel Barnier told a news conference […]

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