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EU leaders show first signs of compromise on stimulus plan

BRUSSELS (Reuters) – Signs emerged that leaders of northern European Union countries were willing to compromise on a 1.8 trillion euro ($2 trillion) coronavirus stimulus plan on Monday as talks in Brussels extended to a fourth day. Divided and slow to respond ... More »

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Analysts’ View: EU progress lifts euro, stocks on the defensive

LONDON (Reuters) – EU leaders reported some progress on Monday after three days of haggling over a coronavirus stimulus plan, sending the euro to a four-month high and Italy’s borrowing costs to lows not seen since March. An attempt to reach a compromise faile... More »

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Hamilton criticises F1 after ‘rushed’ anti-racism gesture

(Reuters) – Six times world champion Lewis Hamilton criticised Formula One’s leaders after what he called a “rushed” anti-racism gesture by some drivers before the start of Sunday’s Hungarian Grand Prix. Hamilton, who won from pole position to take the champio... More »

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Racing Point confident they can see off Renault protest

LONDON (Reuters) – Racing Point accused Formula One rivals Renault on Monday of making a “misconceived and poorly informed” protest against them at the Styrian Grand Prix and said they were confident of winning. Stewards said on Sunday that the protest was adm... More »

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Bond investors wait for more headlines on EU recovery fund

AMSTERDAM (Reuters) – Euro zone bond yields held their ground on Thursday with investors’ main focus expected to be any new developments on the European Union’s recovery fund, which aims to help the region’s economy recover from the coronavirus crisis. Hopes a... More »

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Wirecard’s former boss faces criminal complaint in Austria

VIENNA (Reuters) – An Austrian lawyer has filed a criminal complaint against Wirecard’s (WDIG.DE) former Chief Executive Markus Braun and Chief Operating Officer Jan Marsalek at a court in Vienna, accusing them of market manipulation and serious fraud. The Vie... More »

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Motor racing: Renault retain Sirotkin as F1 reserve

LONDON (Reuters) – Russian Sergey Sirotkin will be on standby in Austria this weekend after Renault announced on Tuesday they had retained him as their Formula One reserve driver. The role has come into the spotlight more as the sport finally starts its season... More »

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Thiem not keen on plan to assist struggling players

(Reuters) – World number three Dominic Thiem has rejected the notion that the top tennis players should chip in to help lower-ranked competitors who are struggling financially due to the pause in tournaments because of the novel coronavirus pandemic. World num... More »

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Rift opens over European coronavirus contact tracing apps

BERLIN (Reuters) – A rift has opened up over the design of smartphone apps to trace people in Europe at risk of coronavirus infection, potentially hindering efforts to curb the pandemic and ease crippling travel restrictions. Scientists and researchers from mo... More »

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Key EU states agree coronavirus economic rescue -text of draft deal

BRUSSELS (Reuters) – European Union countries on Thursday evening agreed the emergency credit lines from the euro zone’s bailout fund “will be available until COVID-19 crisis is over”, a draft of their deal read. Afterwards, euro countries should remain commit... More »

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Europe’s north-south lockdown divide revealed by Google data

BERLIN (Reuters) – Italy and Spain, the two European countries hardest hit by the new coronavirus, have enforced the most drastic lockdowns to curb the pandemic but one country, Sweden, stands out for allowing life to go on much as before, Google data show. An... More »

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ECB ready for further action if needed: Holzmann

VIENNA (Reuters) – If the European Central Bank sees the need for further stimulus in the area of government bonds to help countries tackle the coronavirus impact, it is ready to do so, European Central Bank policymaker Robert Holzmann said on Monday. “If ther... More »

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ECB’s Holzmann sees no need for rate cut to combat coronavirus

VIENNA (Reuters) – European Central Bank policymaker Robert Holzmann said he would not support an interest rate cut to insulate the euro zone from the effects of the coronavirus epidemic but he could consider giving firms ultra cheap loans. When asked if targe... More »

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Switzerland files criminal complaint over Crypto spying scandal

VIENNA (Reuters) – The Swiss government has filed a criminal complaint over the U.S. Central Intelligence Agency’s alleged use of a cryptography company as a front to spy on various governments’ secret communications, the Swiss attorney general’s office said o... More »

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Facebook, privacy activist Schrems battle nears end on Dec. 19

BRUSSELS (Reuters) – Austrian privacy activist Max Schrems’ seven-year battle against Facebook reaches a crucial point on Dec. 17 when an adviser to Europe’s top court will issue his view on whether tools used by companies to transfer data abroad are legal or ... More »

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Alpine skiing: Olympic champion Mayer wins super-G in Alberta

(Reuters) – Olympic champion Matthias Mayer continued a family love affair with the Canadian Rockies when he won the men’s World Cup super-G in Alberta on Sunday. Competing a couple of hundred kilometers from where his father Helmut claimed Olympic silver in C... More »

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Rare portrait of teenage Mozart to be auctioned in Paris

PARIS (Reuters) – A rare portrait of Austrian composer Wolfgang Amadeus Mozart will be sold by British auction house Christie’s on Nov. 27 in Paris at an estimated price of between 800,000 euros and 1.2 million euros ($882,000-$1.32 million). The artwork, one ... More »

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Federer up against it after Thiem defeat

LONDON (Reuters) – Roger Federer said he had no more margin for error if he wanted to avoid an early exit at the ATP Finals after losing his opening group match to Dominic Thiem on Sunday. The 38-year-old Swiss, bidding for his seventh title at the event but h... More »

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Djokovic thrashes Berrettini, Thiem stuns Federer

LONDON (Reuters) – Novak Djokovic ruthlessly took Matteo Berrettini apart at the ATP Finals on Sunday as he began his quest to reclaim the number one ranking by winning his opening group match 6-2 6-1. Roger Federer already faces an uphill task to win the titl... More »

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Swedish Academy defends choice for 2019 Nobel literature prize

STOCKHOLM (Reuters) – The Swedish Academy has defended its decision to award the 2019 Nobel Prize for Literature to Austrian writer Peter Handke, saying he had made provocative comments but had not supported bloodshed. Handke’s prize has attracted criticism, i... More »

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Phase-out of Airbus, Boeing jets hits FACC’s operating profit

VIENNA (Reuters) – Plane parts maker FACC’s (FACC.VI) operating profit fell 6% in the second quarter as it produced fewer components for the Airbus (AIR.PA) A380 and Boeing (BA.N) 737NG jets being phased out and start-up costs for new cabin interiors bit. Chin... More »

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Scientists race to read Austria’s melting climate archive

WEISSSEESPITZE, Austria (Reuters) – Scientists are racing to read a rapidly melting archive of climate data going back thousands of years – the inside of Austria’s Alpine glaciers. Mountain glaciers are receding the world over as average global temperatures ri... More »

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Draghi ties Lagarde’s hands with promise of indefinite stimulus

FRANKFURT (Reuters) – European Central Bank chief Mario Draghi pledged indefinite stimulus on Thursday to revive an ailing euro zone economy, tying the hands of his successor for years to come and sparking an immediate conflict with U.S. President Donald Trump... More »

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Highlights: Draghi comments at ECB press conference

FRANKFURT (Reuters) – The European Central Bank approved a fresh stimulus package as expected on Thursday, cutting interest rates and approving a new round of bond purchases to prop up euro zone growth and halt a worrisome drop in inflation expectations. Follo... More »

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Euro zone bond yields off lows, German fiscal plans in focus

LONDON (Reuters) – Bond yields in the euro zone were off record low levels on Monday, as a calmer tone settled in world markets and focus turned to the prospect of fiscal stimulus in Germany. Germany has the fiscal strength to counter any future economic crisi... More »

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Sensor specialist AMS triggers bidding war for Germany’s Osram

VIENNA (Reuters) – Austrian sensor specialist AMS (AMS.S) triggered a bidding war for Osram (OSRn.DE) on Sunday, saying it was ready to pay $3.8 billion for the German lighting group’s shares, 10% more than finance investors Bain Capital and Carlyle (CG.O) hav... More »

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Trial of strength at 2,000 meters altitude: Celtic wrestling in…

MARIA ALM, Austria (Reuters) – Every year around St. Jacob’s Day, men from Austria’s Salzburg region grapple with each other in a natural arena at the top of the Hundstein mountain in a traditional martial arts contest – the Hundstoa, or Jakobi Ranggeln. The C... More »

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Top world film makers to honor 25th Sarajevo film festival

SARAJEVO (Reuters) – Some of the world’s top film makers, including two-time Oscar-winning director Alejandro Gonzalez Inarritu, will show their movies and hold master classes honoring the 25th Sarajevo film festival in August, the festival director said on Fr... More »

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Euro zone factory activity contracted for fifth month in June: PMI

LONDON (Reuters) – Factory activity in the euro zone shrank faster last month than previously thought in a broad-based downturn, according to a survey on Monday that suggested there would be no quick turnaround. The downbeat data will likely add to calls for t... More »

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Iran’s Zarif says U.S. should respect Iran if it wants to…

DUBAI (Reuters) – Iran will never succumb to U.S. pressure and if Washington wants talks with Tehran it should show respect, Foreign Minister Mohammad Javad Zarif said on Monday. Tension between Tehran and Washington have risen sharply in recent weeks, a year ... More »

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U.N., European bodies outline joint push against space junk

VIENNA (Reuters) – European and U.N. bodies on Thursday outlined a joint push for global action on space junk, saying that debris orbiting the earth must be cleaned up as satellites launched by private companies and other new entrants are adding to the crowdin... More »

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Nadal racks up 12th French crown as Thiem runs out of steam at…

PARIS (Reuters) – Defying the years and one of the most fierce onslaughts he has ever faced at Roland Garros, Rafa Nadal won his 12th French Open crown on Sunday, leaving Dominic Thiem crushed and a packed Parisian stadium shaking their heads in wonder. The fi... More »

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Tennis-Serena showed ‘bad personality’, says Thiem

PARIS (Reuters) – Dominic Thiem accused Serena Williams of showing “bad personality” after he was asked to interrupt a post-match news conference to make room for the American following her French Open defeat. The Austrian fourth seed was talking to the media ... More »

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Ethiopian Airlines CEO promises to get to bottom of flight 302 crash

ADDIS ABABA (Reuters) – Ethiopian Airlines CEO Tewolde Gebremariam said on Monday the airline would work with investigators in Ethiopia, the United States and elsewhere “to figure out what went wrong with flight 302”. We will “work with Boeing and our colleagu... More »

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Thiem topples ‘legend’ Federer to win Indian Wells title

(Reuters) – Dominic Thiem claimed his first Masters 1000 title after coming from a set down to defeat Roger Federer 3-6 6-3 7-5 and win the BNP Paribas Open on Sunday in Indian Wells. Momentum swung in Thiem’s favor in the deciding set when he smacked a foreha... More »

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Euro zone’s triple-A bond drought persists after ECB steps away

LONDON (Reuters) – High-grade euro zone debt remains scarce even though the European Central Bank has stopped its huge purchases of new bonds, intensifying concerns that banks will face future collateral shortages and highlighting the need for safe assets. The... More »

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EU nations back new rules that may stall Russia’s Nord Stream 2…

BRUSSELS (Reuters) – New European Union rules to regulate Russia’s Nord Stream 2 pipeline won the backing of the bloc’s capitals on Friday, a move that will likely complicate but not rule out its construction. Representatives of the EU’s 28 nations endorsed a ... More »

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Berlin auctioneer expects British, Russian interest in Hitler…

BERLIN (Reuters) – The pictures – three anemic watercolours showing a mountain scene, a river and a distant figure sat beneath a tree – are little different from wares on sale at flea markets the world over, except for the autograph scratched in the corner: “A... More »

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Trade deal optimism lifts European shares as exporters rally

MILAN (Reuters) – European shares rose on Wednesday driven by the export-oriented autos and tech sectors as optimism grew that the United States and China could avoid a full-blown trade war that would further brake a slowing global economy. The pan-European ST... More »

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Djokovic, Federer, Serena remain favorites to win opening Grand Slam

MELBOURNE (Reuters) – Novak Djokovic and Roger Federer loom over Melbourne Park for the year’s opening Grand Slam as favorites for the Australian Open as questions remain as to whether one of Generation Next could finally end their stranglehold. The Serbian wo... More »

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Apple warning shakes European shares as tech stocks tumble

LONDON (Reuters) – Apple’s first sales warning in nearly 12 years sent European shares sliding on Thursday, with the tech sector particularly badly bruised as chipmakers that supply the iPhone maker fell sharply. The pan-European STOXX 600 fell 0.9 percent as ... More »

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European shares claw back losses after Wall Street bounce

LONDON (Reuters) – European shares edged up on Friday, buoyed by a bounce on Wall Street as a turbulent week drew to a close and investors licked their wounds after the region’s benchmark STOXX 600 sank to its lowest level since U.S. President Donald Trump’s e... More »

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German government accepts court ruling on Brexit, regrets looming…

BERLIN (Reuters) – The German government accepts a ruling by the European Union’s top court that the United Kingdom can unilaterally revoke its divorce notice, a spokeswoman said on Monday, adding that Berlin continued to regret Britain’s decision to quit the ... More »

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Austrian retailers file antitrust complaint against Amazon

VIENNA (Reuters) – Austrian retailers have filed a complaint against Amazon with their national competition authority over the U.S. e-commerce giant’s dual role as a retailer and a marketplace. The European Commission and Germany’s antitrust authority are also... More »

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Investors ditch European stocks, BASF slides on profit warning

LONDON (Reuters) – Simmering U.S-Chinese trade tensions dented European shares on Monday as investors fled risk at the start of a highly uncertain week, with Britain’s parliamentary vote on Brexit also looming and chemicals stocks dented by a BASF profit warni... More »

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Gas-focused Qatar to exit OPEC in swipe at Saudi influence

DOHA (Reuters) – Qatar said it will quit OPEC to focus on gas in a swipe at Saudi Arabia, the de facto leader of the oil exporting group which is trying to show unity in tackling an oil price slide. Doha, one of OPEC’s smallest oil producers but the world’s bi... More »

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Germany to back Russian gas link despite Ukraine tensions

BERLIN (Reuters) – Germany will not withdraw its political support for the Nord Stream 2 gas pipeline with Russia, its foreign minister said on Monday, as some lawmakers suggested curtailing the project to punish Moscow for its seizure of Ukrainian ships and t... More »

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Renoir stolen from Vienna auction house, three suspects sought

VIENNA (Reuters) – Austrian police are searching for three suspects after a painting by Pierre Auguste Renoir valued at up to 160,000 euros ($180,600) was stolen from a Vienna auction house during opening hours. “Golfe, mer, falaises vertes”, a lesser-known la... More »

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Europeans press for digital tax at G20 meeting

BUENOS AIRES (Reuters) – European finance leaders called for progress on global rules to tax the digital economy at a meeting of G20 finance ministers and central bankers in Argentina on Sunday, putting them at odds with U.S. counterparts. The final communique... More »

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Italy stops ship with migrants, turns up pressure on EU allies

ROME (Reuters) – Italy has refused to allow a commercial vessel flying an Italian flag to bring ashore rescued migrants, sticking to a hardline policy on new arrivals as it presses European allies to share the burden of hosting an influx of displaced people. A... More »

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Seehofer hard line threatens Merkel’s fragile immigration truce

BERLIN (Reuters) – Germany will have to go its own way on immigration if it cannot get other European Union states to sign up to migrant return deals, Interior Minister Horst Seehofer said in remarks that could shatter the fragile peace in Angela Merkel’s gove... More »

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Singer Elvis Costello cancels tour after revealing cancer surgery

LONDON (Reuters) – British singer-songwriter Elvis Costello announced on Friday he was cancelling the remainder of his European tour after revealing he had undergone surgery for cancer. Costello, 63, whose hits include “Oliver’s Army”, “Everyday I write the Bo... More »

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Euro zone June factory growth slips to weakest in 18 months

Euro zone factory growth slowed to an 18-month low in June, slipping for the sixth month in a row amid widespread concerns about trade barriers and their impact on overall economic activity, a survey showed on Monday. IHS Markit’s June final manufacturing Purc... More »

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Merkel: after successful bailouts, euro zone needs reform

BERLIN (Reuters) – German Chancellor Angela Merkel said on Thursday that further euro zone reform was needed to nip possible future crises in the bud, after aid programs to some member states had been successful. Addressing parliament before heading to an EU l... More »

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European shares crawl up from trade war sell-off

LONDON (Reuters) – European shares made a modest bounce on Tuesday, recovering slightly after trade tensions sent stock markets into a spiral as investors shed risky assets. The pan-European STOXX 600 was up 0.3 percent by 0837 GMT, but was far from making up ... More »

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‘Space kingdom’ seeks citizens for life beyond Earth very soon

VIENNA (Reuters) – Feel like the world is going to the dogs? Want to get away from it all? Here’s a solution: become a citizen of the nation of Asgardia and hope it makes good on its promise to colonize the moon. Asgardia was founded just 20 months ago, and it... More »

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U.S. sees strong shared interests with EU on Iran concerns

WASHINGTON/BERLIN (Reuters) – The United States on Sunday said it hopes to use strong shared interests that have emerged with its European Union partners in recent months to move forward on addressing Iran’s nuclear program, missile development and role in reg... More »

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ECB’s Nowotny: nervousness about Italian policy under future…

PRAGUE (Reuters) – Potential policy changes under a government being formed in Italy are creating a lot of nervousness but it is necessary to wait to see what is put in practice, ECB governing council member Ewald Nowotny said on Monday. “It is something that ... More »

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Motor racing: Ricciardo loath to keep biting lip after surgery

(Reuters) – Australian Formula One driver Daniel Ricciardo has never been known for ‘biting his lip’ when it comes to expressing his opinion, but one of the few times he did he ended up having minor surgery. The 28-year-old won the China Grand Prix two weeks a... More »

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German utilities overhaul supports European stocks

The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 12, 2018. REUTERS/Staff/Remote MILAN (Reuters) – European shares hit their highest level in almost two weeks on Monday, boosted by gains among German utilities ... More »

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Italian bond yields jump as euroskeptic parties surge in election

LONDON (Reuters) – Investors dumped Italy’s government bonds on Monday and rushed to buy high-grade equivalents such as German Bunds after the weekend Italian election saw a surge in support for anti-establishment parties, led by the 5-Star Movement. Italy fac... More »

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Del Potro maintains mastery over Thiem with Acapulco win

(Reuters) – Argentine Juan Martin del Potro maintained his perfect career record against Dominic Thiem on Thursday with a popular 6-2 7-6(7) victory over the Austrian in their Acapulco Open quarter-final in Mexico. The former U.S. Open champion raced through t... More »

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Chef Wolfgang Puck readies caviar, gold dust for Oscars feast

A dessert plate is displayed during a media preview of this year’s Academy’s Governors Ball in Los Angeles, California, U.S., March 1, 2018. REUTERS/Mario Anzuoni LOS ANGELES (Reuters) – Three-hundred pounds of Miyazaki Wagyu beef will be sliced, 1,500 quail e... More »

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Motor racing: Toro Rosso expect trouble-free year with Honda

F1 Formula One – Formula One Test Session – Circuit de Barcelona Catalunya, Montmelo, Spain – February 26, 2018 Brendon Hartley of Toro Rosso during testing REUTERS/Albert Gea BARCELONA (Reuters) – Toro Rosso began their new Formula One partnership with Honda ... More »

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Alpine skiing: Venier sets women’s downhill pace with Goggia, Vonn…

Alpine Skiing – Pyeongchang 2018 Winter Olympics – Women’s Downhill Training – Jeongseon Alpine Centre – Pyeongchang, South Korea – February 19, 2018 – Stephanie Venier of Austria trains. REUTERS/Christian Hartmann PYEONGCHANG, South Korea (Reuters) – Stephani... More »

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What to look out for in the women’s super-G

Feb 15, 2018- Pyeongchang, South Korea USA- Lara Gut (SUI) during the first run of the alpine skiing ladies giant slalom during the Pyeongchang 2018 Winter Olympic Games at Yongpyong Alpine Centre. Mandatory Credit: Erich Schlegel-USA TODAY Sports PYEONGCHANG,... More »

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Alpine skiing: Swiss Holdener wants more after surprise silver

Alpine Skiing – Pyeongchang 2018 Winter Olympics – Women’s Slalom – Yongpyong Alpine Centre – Pyeongchang, South Korea – February 16, 2018 – Silver medalist Wendy Holdener of Switzerland celebrates. REUTERS/Mike Segar PYEONGCHANG, South Korea (Reuters) – Swiss... More »

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Snowboarding: Anderson retains snowboard slopestyle gold in challengin

Snowboarding – Pyeongchang 2018 Winter Olympics – Women’s Slopestyle Finals – Phoenix Snow Park – Pyeongchang, South Korea – February 12, 2018 – Jamie Anderson of the U.S. competes. REUTERS/Issei Kato PYEONGCHANG (Reuters) – Sochi champion Jamie Anderson of th... More »

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Snowboarding: Strong winds cause havoc in slopestyle final

Snowboarding – Pyeongchang 2018 Winter Olympics – Women’s Slopestyle Finals – Phoenix Snow Park – Pyeongchang, South Korea – February 12, 2018 – Yuka Fujimori of Japan crashes. REUTERS/Mike Blake PYEONGCHANG (Reuters) – Strong cross-winds played havoc during t... More »

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German car production stalled by 24-hour strikes

BMW workers during a 24-hour strike by German industrial trade union IG Metall in Berlin, Germany, February 2, 2018. Placard reads “6% more, we find fair”. REUTERS/Christian Mang FRANKFURT (Reuters) – Car factories across Germany were at a standstill on Friday... More »

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Deutsche Bank drags European shares into worst week since August

The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, February 1, 2018. REUTERS/Staff/Remote MILAN (Reuters) – European shares fell on Friday and were set for their biggest weekly loss in six months as a slump in Deutsch... More »

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Dimitrov schools Austrian Novak to reach second round

Tennis – Australian Open – Grigor Dimitrov of Bulgaria v Dennis Novak of Austria – Rod Laver Arena, Melbourne, Australia, January 15, 2018. Dimitrov hits a shot. REUTERS/Thomas Peter MELBOURNE (Reuters) – Grigor Dimitrov looked every inch the potential grand s... More »

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Djokovic back with a bang at Kooyong

Tennis – Kooyong Classic – Kooyong Lawn Tennis Club, Melbourne, Australia, January 10, 2018. Serbia’s Novak Djokovic stretches to hit a shot during his match against Austria’s Dominic Thiem. REUTERS/David Gray MELBOURNE (Reuters) – Novak Djokovic returned to c... More »

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Alpine skiing: American Shiffrin wins fifth World Cup race in a row

Alpine Skiing – FIS Alpine Skiing World Cup – Women’s Slalom – Flachau, Austria – January 9, 2018 – Mikaela Shiffrin of the U.S. celebrates with trophy. REUTERS/Dominic Ebenbichler FLACHAU, Austria (Reuters) – American Mikaela Shiffrin left her rivals trailing... More »

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Ryanair hit with first ever pilots strike

FILE PHOTO: A pilot disembarks a Ryanair flight at Stansted airport in London, Britain September 27, 2017. REUTERS/Clodagh Kilcoyne BERLIN (Reuters) – Ryanair’s efforts to avert its first ever pilots strike collapsed on Friday as pilots in Germany held a four-... More »

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Dealmaking in focus as European shares climb back to 6-week high

MILAN (Reuters) – European shares rose on Monday, with merger and acquisition activity in focus and investor sentiment buoyed by expectations that a U.S. tax bill could soon pass. Thales (TCFP.PA) rose 8.4 percent after the French aerospace and defense company... More »

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Protests muted this time as Austrian far right joins government

Head of the Freedom Party (FPOe) Heinz-Christian Strache (L) and head of the People’s Party (OeVP) Sebastian Kurz arrive for the swearing-in ceremony of the new government in Vienna, December 18, 2017 REUTERS/Heinz-Peter Bader VIENNA (Reuters) – The last time ... More »

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Buwog agrees to be taken over by Vonovia in $6.1 billion deal

The logo of German real estate company Vonovia SE, a member of the German DAX-30 stock market index, is seen at a Vonovia building in Essen, western Germany May 10, 2016. REUTERS/Wolfgang Rattay/File Photo FRANKFURT (Reuters) – Germany’s Vonovia (VNAn.DE) has ... More »

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Alpine skiing: Hirscher destroys field to win again in Alta Badia

Alpine Skiing – FIS Alpine Skiing World Cup – Men’s Alpine Giant Slalom – Alta Badia, Italy – December 17, 2017 – Austria’s Marcel Hirscher celebrates after winning the Men’s Giant Slalom. REUTERS/Stefano Rellandini ALTA BADIA, Italy (Reuters) – Austrian Marce... More »