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Italy sees GDP down 9% this year, rising more than 5% in 2021 - sources

FILE PHOTO: People wearing protective face masks shop at Porta Palazzo market in Turin after it reopened with social distancing rules as Italy begins a staged end to a nationwide lockdown, following the outbreak of the coronavirus disease (COVID-19), Turin, Italy, May 4, 2020. REUTERS/Massimo Pinca. ROME (Reuters) - Italy expects its coronavirus-hit economy to grow by more than 5% next year after shrinking 9% in 2020, two government sources ... Full story

China's ByteDance seeks $60 billion TikTok valuation in U.S. deal: Bloomberg News

FILE PHOTO: Small toy figures are seen in front of a Tiktok logo in this illustration taken, September 9, 2020. REUTERS/Dado Ruvic/Ilustration/File Photo. (Reuters) - China's ByteDance Ltd is seeking a valuation of $60 billion for TikTok as Oracle Corp ORCL.N and Walmart Inc take stakes in the short-video app's business to address U.S. security concerns, Bloomberg News reported on Sunday, citing an unnamed person familiar with the matter. ... Full story

China's ByteDance seeks $60 billion TikTok valuation in U.S. deal: Bloomberg News

FILE PHOTO: Small toy figures are seen in front of a Tiktok logo in this illustration taken, September 9, 2020. REUTERS/Dado Ruvic/Ilustration/File Photo. (Reuters) - China's ByteDance Ltd is seeking a valuation of $60 billion for TikTok as Oracle Corp ORCL.N and Walmart Inc take stakes in the short-video app's business to address U.S. security concerns, Bloomberg News reported on Sunday, citing an unnamed person familiar with the matter. ... Full story

China's ByteDance seeks $60 billion TikTok valuation - Bloomberg News

FILE PHOTO: TikTok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken Nov. 27, 2019. REUTERS/Dado Ruvic/Illustration/File Photo. (Reuters) - China’s ByteDance Ltd is seeking a valuation of $60 billion for TikTok as Oracle Corp and Walmart Inc take stakes in the short-video app’s business to address U.S. security concerns, Bloomberg News reported on Sunday, citing an unnamed person familiar with the ... Full story

Rolls-Royce plans to raise about 2.5 billion stg Reuters

FILE PHOTO: A man looks at Rolls Royce's Trent Engine displayed at the Singapore Airshow in Singapore February 11, 2020. REUTERS/Edgar Su/File Photo. (Reuters) - Rolls-Royce Holdings Plc is looking to raise around 2.5 billion pounds ($3.2 billion) from investors and is in talks with sovereign wealth funds, including Singapore's GIC, the Financial Times reported here on Saturday. The British aero-engine group is planning to launch the equity ... Full story

Germany plans reform to avoid bankruptcy wave due to corona

FILE PHOTO: German Justice Minister Christine Lambrecht addresses a news conference after a virtual meeting with the EU Ministers of Justice in Berlin, Germany July 6, 2020. Kay Nietfeld/Pool via REUTERS/File Photo. BERLIN (Reuters) - Germany would relax insolvency rules under proposals set out on Saturday to help avert a wave of bankruptcies in Europe’s biggest economy, provided companies hit by the coronavirus crisis have a robust business ... Full story

BoE's Haldane says UK recovering 'faster than anyone expected'

FILE PHOTO: The Chief Economist of the Bank of England, Andy Haldane, listens from the audience at an event at the Bank of England in the City of London, London, Britain April 27, 2018. REUTERS/Toby Melville. LONDON (Reuters) - Britain is recovering faster than anyone had expected from the economic impact of COVID-19, but businesses need better incentives and access to finance to invest in technology, Bank of England chief economist Andy ... Full story

Rolls-Royce plans to raise up to £2.5 billion as COVID-19 bites

Slideshow ( 2 images ). (Reuters) - Britain's Rolls-Royce Holdings Plc RR.L said on Saturday it was looking to raise up to 2.5 billion pounds ($3.2 billion) in an effort to strengthen its balance sheet. The aero-engine maker said it was considering a variety of options, including a rights issue. Debt and equity issuances are other options being considered, it added. “We continue to review all funding options to enhance balance sheet resilience ... Full story

BoE's Haldane says UK recovering 'faster than anyone expected'

FILE PHOTO: The Chief Economist of the Bank of England, Andy Haldane, listens from the audience at an event at the Bank of England in the City of London, London, Britain April 27, 2018. REUTERS/Toby Melville. LONDON (Reuters) - Britain is recovering faster than anyone had expected from the economic impact of COVID-19, but businesses need better incentives and access to finance to invest in technology, Bank of England chief economist Andy ... Full story

U.S. shelves Wyoming oil and gas leasing plans over sage grouse

FILE PHOTO: U.S. Bureau of Land Management photo shows a sage grouse in this undated photo. REUTERS/Bob Wick/BLM/Handout FOR EDITORIAL USE ONLY. (Reuters) - The Trump administration has shelved plans to offer nearly 350,000 acres for oil and gas leasing in Wyoming next week, according to documents seen by Reuters on Thursday, citing protections for a threatened Western bird. In notices posted on a Bureau of Land Management website on Sept. 11 ... Full story

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