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Ackman’s blank check company raises IPO target to $4 billion

Pershing Square Tontine Holdings Ltd, the blank check company backed by billionaire investor Bill Ackman, has increased the size of its initial public offering by $1 billion to $4 billion,

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Britain set to ban Huawei from 5G, though timescale unclear

Prime Minister Boris Johnson is set to ban Huawei from Britain’s 5G network in a landmark decision that will anger Beijing but win plaudits from President Donald Trump as the

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Alphabet’s Google commits $10 billion to accelerate digitization in India

Alphabet Inc’s Google on Monday said it would spend around $10 billion in India over the next five to seven years through equity investments and tie-ups, marking its biggest commitment

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European stocks gain on vaccine, stimulus hopes; earnings eyed

European shares rose on Monday as progress on a possible COVID-19 vaccine, some upbeat earnings reports and stimulus talks fed into hopes of an economic recovery from the coronavirus-induced downturn.

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U.S. consumers more secure about jobs but earnings expectations drop: New York Fed survey

U.S. consumers are more optimistic that the worst of the economic crisis sparked by the coronavirus pandemic is behind them, but are still concerned about their earnings and their ability

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EU top court to rule in landmark Facebook, Schrems privacy case

Europe’s top court will on Thursday rule on the legality of tools companies use to transfer Europeans’ data around the world, in the latest clash between Facebook and Austrian privacy

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U.S. June deficit surges to $864 billion

The U.S. federal budget deficit in June surged to $864 billion from single digits a year earlier amid continued strong spending on coronavirus relief programs and a drop in individual

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