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Green transport will be the norm in the world’s largest cities by 2030 says Kantar report

Kantar report says that by 2030, green and autonomous vehicles, and walking or cycling will overtake private car use in major cities

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France’s Covéa in exclusive talks to buy PartnerRe for $9bn

Covéa is in advanced talks to buy PartnerRe, the Bermuda-based reinsurer owned by Italy’s Agnelli family, in a bid to diversify its business.

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Donald Trump to slash foreign aid in new budget proposals

In his 2021 budget, US President Donald Trump proposes to cut foreign aid, reduce social spending and increase infrastructure projects and defence

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China’s inflation leaps to eight-year high as the coronavirus disrupts food supplies

China's consumer prices soared to an eight-year high in January, pushed by the coronavirus outbreak and the Lunar New Year holiday.

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Huawei’s 5G problems create new opportunities for European telecoms companies

Potential restrictions on the role of Chinese giant Huawei means that Deutsche Telekom is looking at European partners in the creation of 5G networks

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UK retailers enjoyed a January boom but hopes of a revival in the sector may be premature

British retailers had their biggest increase in sales in six years last month but the sales surge could be a one-off.

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Buoyed by the US, Toyota expects annual profits to rise

Japanese car maker Toyota has increased its profit forecast however, it has yet to factor in to its profits forecasts any fallout from coronavirus.

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France’s Total defies weak energy prices to keep Q4 profits steady and raises its dividend

French oil and gas major Total delivered steady Q4 profits, in sharp contrast to rivals Shell and BP

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Macy’s to slash stores as part of radical cost-cutting strategy

US department store operator to close stores and cut jobs in three-year plan

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BNP Paribas trims 2020 outlook despite Q4 revenue jump

France’s largest listed bank said changes in monetary policies in the summer of 2019 had brought a more unfavourable interest rate environment than predicted.

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UK promises carbon zero aviation and auto industries

The UK aviation industry has pledged to cut its net carbon emissions to zero by 2050, while Boris Johnson has promised to ban the sale of new petrol and diesel cars from 2035

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Glencore sees copper output drop in 2019 after African shutdowns

Glencore, the major commodity trader, saw copper production fall 6 per cent last year after closures at its African operations.

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Oil falls for fourth day as concern grows over virus impact on Chinese demand

Crude drops for a fourth day as major Chinese refiners cut oil intake

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Eurozone manufacturing activity improves modestly in January

SUB Eurozone factory activity shrank at its slowest pace in nine months in January

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