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Cementing ties with France, UAE places $19 billion order for warplanes, helicopters

3 Dec 2021

By John Irish DUBAI (Reuters) -The United Arab Emirates ordered 80 Rafale fighter jets and 12 military helicopters on Friday, deepening economic and political ties with France through an arms contract worth 17 billion euros ($19.20 billion). The largest ever overseas sale of the French warplane was sealed as French President Emmanuel Macron began a …

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WHO’s top scientist says Omicron could displace Delta

3 Dec 2021

By Francesco Guarascio and Stephanie Nebehay (Reuters) -The World Health Organization’s chief scientist told the Reuters Next conference on Friday the Omicron variant could become dominant because it is highly transmissible, but that a different vaccine may not be needed. Soumya Swaminathan also said it was too early to say whether Omicron is milder than …

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WHO’s top scientist says Omicron could displace Delta

3 Dec 2021

By Francesco Guarascio and Stephanie Nebehay (Reuters) -The World Health Organization’s chief scientist told the Reuters Next conference on Friday the Omicron variant could become dominant because it is highly transmissible, but that a different vaccine may not be needed. Soumya Swaminathan also said it was too early to say whether Omicron is milder than …

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Vaccine makers doing right to look to adjust COVID-19 jabs – WHO

3 Dec 2021

GENEVA (Reuters) – It is “commendable” that makers of COVID-19 vaccines are planning for the “likelihood” of needing to adjust their products to protect against the Omicron variant, a World Health Organization (WHO) spokesperson said on Friday. Christian Lindmeier, speaking at a U.N. briefing in Geneva, said the agency was still studying the transmissibility and …

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Fed’s Bullard wants faster policy tightening, citing ‘inflation shock’

3 Dec 2021

(Reuters) -St. Louis Federal Reserve Bank James Bullard on Friday called for the Fed to begin tightening monetary policy, citing unexpectedly high inflation, strong economic growth and a labor market that is very tight and poised to strengthen further. “These considerations suggest that the FOMC at upcoming meetings may want to consider removing accommodation at …

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Canada posts hefty job gains, but outlook clouded by Omicron variant

3 Dec 2021

By Julie Gordon OTTAWA (Reuters) – Canada’s economy posted an unexpectedly large job gain in November, driving the jobless rate down and hours worked up to pre-pandemic levels, data showed on Friday, but economists say it is unlikely to change the Bank of Canada’s guidance amid worries over a new coronavirus variant. The Canadian economy …

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PayPal says ‘buy now, pay later’ volumes surged 400% on Black Friday

3 Dec 2021

By Rachel Armstrong LONDON (Reuters) – Volumes on PayPal Inc’s ‘buy now, pay later’ platform were five times higher this Black Friday compared with a year earlier as the payments giant starts to gain traction in the fast-growing credit method, the company’s chief executive told the Reuters Next conference. PayPal launched its “Buy in 4” …

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AmEx Global Business Travel to go public via $5.3 billion Apollo SPAC deal

3 Dec 2021

(Reuters) – American Express Global Business Travel (GBT) said on Friday it would merge with a blank-check firm backed by Apollo Global Management Inc to go public in a deal valued at around $5.3 billion. The deal with Apollo Strategic Growth Capital (ASGC) will deliver gross proceeds of up to $1.2 billion, including a $335 …

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