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German government worried a 'hard Brexit' would cause market turbulence - report

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BERLIN The German Finance Ministry is worried there will be turbulence on the financial markets if there is a 'hard Brexit', a German newspaper reported on Monday - two days before Britain triggers divorce proceedings with the European Union.

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Virgin Atlantic braced for losses in 2017 as headwinds pick up 12:15am BST

British airline Virgin Atlantic Ltd warned on Tuesday that it expects to fall back into loss this year after three years of profits, as competition intensifies, fuel costs rise and a cheap pound takes its toll on the business.

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On the eve of Brexit, Qatar pledges over $6 billion in investment in Britain 27 Mar 2017

LONDON Qatar pledged 5 billion pounds ($6.3 billion) of investment in Britain on Monday in a show of support for the world's fifth-largest economy just two days before Prime Minister Theresa May triggers formal Brexit talks.

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London attacker interested in jihad but no evidence of IS link - police 27 Mar 2017

LONDON British police said on Monday they had found no evidence that Khalid Masood, who killed four people in an attack on Britain's parliament last week, had any association with Islamic State or Al Qaeda, but he was clearly interested in jihad.

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Brexit question draws U.S., Russian, Chinese interest at WTO 27 Mar 2017

GENEVA China, Russia and the United States said on Monday they were taking an interest in Brexit, a World Trade Organization source said, after a question about a tricky but vital reform required by Britain arose at the Geneva-based trade body.

Bulgaria wants exemption from planned EU pollution curbs on coal-fired plants 27 Mar 2017

SOFIA Bulgaria will seek an exemption from European Commission plans to introduce more pollution curbs on big thermal power plants, saying they would pose risks to the country's energy security and economic competitiveness.

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May meets Sturgeon after blocking new independence bid 27 Mar 2017

EAST KILBRIDE, Scotland Prime Minister Theresa May on Monday held her first meeting with First Minister Nicola Sturgeon since blocking Scotland's bid for a second independence referendum - talks Sturgeon described as "cordial and businesslike."

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EU's competition watchdog says a few merger candidates may have misled 27 Mar 2017

BRUSSELS A "small handful" of companies may have given misleading information when they sought approval for their mergers, Europe's competition commissioner said on Monday, putting the companies at risk of sanctions and fines should regulators find proof of wrongdoing.

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Lloyd's of London to choose Brussels or Luxembourg as EU hub - sources 27 Mar 2017

LONDON Lloyd's of London, the world's largest speciality insurance market, will this week pick Brussels or Luxembourg for its planned European Union subsidiary, after Dublin had been an early favourite, sources say.

Factbox - Impact on insurers from Britain's vote to leave the EU 27 Mar 2017

LONDON Lloyd's of London, the world's largest speciality insurance market, will this week pick Brussels or Luxembourg for its planned European Union subsidiary, after Dublin had been an early favourite, sources say.

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Turks in Germany start voting in referendum to boost Erdogan powers

BERLIN Turks living in Germany began casting their ballots on Monday in a referendum that proposes changing Turkey's constitution to increase President Tayyip Erdogan's powers.

France digs in as Peugeot shareholder with stake shift

PARIS France's state holdings agency sold its stake in carmaker PSA Group to the Bpifrance sovereign wealth fund, the government said on Monday, in a move signalling the government's intention to remain a shareholder for years to come.

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ECB's Nouy sees Monte Paschi rescue soon, working on more

FRANKFURT European authorities will soon decide on a public rescue plan for Italian bank Monte dei Paschi di Siena and are working on similar requests from two smaller lenders, the European Central Bank's top supervisor said on Monday.

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