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Matchmaker Merkel seeks awkward three-way embrace


BERLIN German Chancellor Angela Merkel opened what promised to be marathon coalition talks on Friday, hoping to bring three opposing political camps into a stable government despite signs there would be less money to paper over differences.


Dollar rises vs safe havens after U.S. Senate clears way for tax reform 20 Oct 2017

NEW YORK The dollar made its biggest daily gain in a month on Friday and posted a weekly increase for the fifth time in six weeks as progress on U.S. tax reforms raised prospects of a fiscal lift to the economy, bolstering investor appetite for risk.


Greece must follow through with privatisations to recover, central bank says 20 Oct 2017

ATHENS Greece's economic recovery depends on it following through with the reforms and privatisations prescribed in its bailout programme, the head of its central bank said on Friday.


Austrian coalition talks set to begin, far right likely partner 20 Oct 2017

VIENNA Austria's president gave the green light to conservative leader Sebastian Kurz on Friday to form a government, but Kurz gave little away about his coalition plans, leaving a tie-up with the far right the most likely outcome.


Merkel says Britain must move on Brexit bill to break deadlock 20 Oct 2017

BRUSSELS German Chancellor Angela Merkel said on Friday that the European Union could only agree to enter the next phase of Brexit negotiations in December if Britain provided specific assurances about its readiness to settle financial obligations to the bloc.


Telecom Italia's network should be spun off and listed - minister 20 Oct 2017

ROME Italian Industry Minister Carlo Calenda said on Friday that Telecom Italia's (TIM) fixed-line network should be spun off from the rest of the company and listed.


Spain to present measures to impose direct rule on Oct. 21 - PM Rajoy 20 Oct 2017

BRUSSELS Spanish Prime Minister Mariano Rajoy said on Friday he would announce on Saturday measures to impose direct rule on the wealthy region of Catalonia over its bid to secede.


Germany to cut pension contributions, free up 1.3 billion euros - sources 20 Oct 2017

BERLIN Germany plans to reduce the combined pension contributions it takes from employers and employees by a total of 1.3 billion euros (£1.1 billion) in 2018 due to record-high employment and a rising level of reserves, government sources said on Friday.


Factbox - Impact on banks from Britain's vote to leave the EU 20 Oct 2017

Banks have said they could move thousands of jobs out of Britain to prepare for the country's planned exit from the European Union.


Head of Germany's FDP offers Macron 'bittersweet' euro zone deal 20 Oct 2017

BERLIN A leading candidate to be Germany's next finance minister signalled his willingness on Thursday to seek a compromise with Emmanuel Macron over the French President's plans for deeper euro zone integration.


London the starting line as Adidas laces up robotic shoe run

LONDON Adidas has launched the first of six planned city-themed running shoe models in London as it capitalises on its first Speedfactory, which it has opened in Germany and equipped with time-saving robotics.

U.S. must step up support for operation against W.Africa militants - France

PARIS/WASHINGTON The United States must step up its support for a planned African force to fight Islamist militants in West Africa or it could fail, leaving French troops to carry the burden alone, France's defence minister said on Friday.


Monte dei Paschi's return to stock market delayed - source

MILAN Shares in bailed-out Italian bank Monte dei Paschi di Siena are expected to resume trading on the Milan bourse in the week of Oct. 30, a source familiar with the matter said, a few days later than expected.

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