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France Confirms First Ebola Case Linked To DRC Outbreak

WASHINGTON (dpa-AFX) - France has confirmed its first Ebola case linked to the current outbreak after a doctor returning from a humanitarian mission in the Democratic Republic of the Congo (DRC) tested positive, the French Health Ministry announced last week.According to the ministry, the healthcar…

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Stocks US
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SK Hynix Unveils KRW 1,100 Tln Investment Plan To Expand AI Memory Production

SEOUL (dpa-AFX) - SK Hynix (HXSCL, 000660.KS) announced a mid- to long-term investment plan totaling KRW 1,100 trillion to expand its AI memory production capacity across South Korea to meet surging global demand driven by artificial intelligence.The company plans to invest KRW 600 trillion in its…

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Stocks KR
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BAT To Cut 5,500 Jobs, Shift 3,500 Roles Under Fit2Win Program

LONDON (dpa-AFX) - British American Tobacco Plc (BTI, BATS.L) said Monday it will cut about 5,500 jobs and transition around 3,500 roles to strategic partners as part of its Fit2Win transformation program aimed at simplifying operations and improving efficiency.The restructuring, affecting about 9…

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Stocks GB

U.S. Stocks Showing Wild Swings Amid Tech Sector Volatility

WASHINGTON (dpa-AFX) - After showing a strong move to the upside early in the session, stocks have seen considerable volatility over the course of the trading day on Monday. The major averages have shown wild swings but have largely maintained a positive bias.Currently, the major averages are in po…

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indexStocks US

Cryptos Fall While Wall Street Rallies

WASHINGTON (dpa-AFX) - Cryptocurrencies have declined in the past 24 hours even as global markets react to the developments in the Middle East and signs of a tech rally are reinforced. Bitcoin traded between $60,682 and $58,856 in the past 24 hours. Overall crypto market capitalization has decreas…

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Crypto
NEWS dpa_afx

Eurozone Economic Sentiment Improves More Than Forecast

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Eurozone economic confidence improved more than expected in June as tensions in the Middle East eased, survey data from the European Commission showed Monday.The economic sentiment index rose to 95.0 in June from 93.7 in the previous month. The score was forecas…

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Economy

Block Inc.'s Square Selected By Sherwin-Williams As Payment Partner

WASHINGTON (dpa-AFX) - Square, a subsidiary of Block, Inc. (XYZ), a provider of commercial and financial products, Monday announced that The Sherwin-Williams Company (SHW), the world's largest paint and coatings company, has selected it as the payment solution partner for the Sherwin-Williams Digit…

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Stocks US
NEWS dpa_afx

UK Mortgage Approvals Lowest Since Late 2023

LONDON (dpa-AFX) - UK mortgage approvals fell to the lowest since late 2023 in May, the Bank of England said Monday.The number of loans approved for house purchases decreased to 56,205 from 66,034 in April. This was the lowest level since December 2023 and remained well below the expected level of…

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Economy
NEWS dpa_afx

FDA Proposes Rule To Hold Foreign Tobacco Manufacturers Accountable

WASHINGTON (dpa-AFX) - The U.S. Food and Drug Administration has issued a proposed rule that, if finalized, would help strengthen the agency's ability to efficiently identify illegal foreign tobacco products - including youth-appealing e-cigarettes - and conduct on-site inspections abroad.Domestic…

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Stocks US
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Saab Bags SEK 47 Bln Contract

WARSAW (dpa-AFX) - Saab AB (SAABF, SAABY, SAABb.ST), a Swedish aerospace and defense company, said on Monday that it has inked a contract of SEK 47 billion with the Polish State Treasury Armaments Agency to produce and deliver three A26-type submarines. Saab will also supply a weapon package and a…

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Stocks PLSE
NEWS dpa_afx

Eurozone Loans To Private Sector Increases At Faster Pace

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Eurozone bank loans to the private sector increased at a faster pace in May, primarily due to the increase in lending to businesses, the European Central Bank said Monday.Adjusted loans to the private sector grew 3.9 percent on a yearly basis, following an incre…

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Economy
NEWS dpa_afx

Spain Inflation Steady At 3.2%

MADRID (dpa-AFX) - Spain's consumer price inflation remained stable in June, flash data from the statistical office INE showed Monday.Consumer prices increased 3.2 percent on a yearly basis in June, the same rate of growth as seen in April and May.Similarly, EU harmonized inflation held steady at 3…

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Economy

Morning Market Movers: UPC, DCOY, CMSA, LRMR See Big Swings

PHILADELPHIA (dpa-AFX) - At 7:40 a.m. ET on Monday, premarket trading is seeing notable activity in several stocks, with early price movements signaling potential opportunities before the opening bell.For active traders, premarket trading offers a head start in spotting potential breakouts, reversa…

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Stocks US
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FTSE 100 Down Marginally; Miners Shed Ground

BRUSSELS (dpa-AFX) - The UK stock market's benchmark index FTSE 100 dropped into negative territory on Monday after an initial marginal upmove, as the mood remained cautious with investors looking ahead to a fresh round of negotiations between Iran and the U.S. scheduled to take place on Tuesday in…

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Economyindex