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Microsoft to buy 4% stake in London Stock Exchange

The London Stock Exchange Group offices are seen in the City of London, Britain
Microsoft is to take a 4% equity stake in London Stock Exchange Group as part of a 10-year commercial deal to migrate the exchange operator's data platform into the cloud, the British company said on Monday.
Toyota Motor Corporation's cars are seen after briefing on battery EV strategy in Tokyo

Toyota to outline 3-year EV plan changes to suppliers -sources

Toyota Motor Corp is expected to outline adjustments to its electric vehicle (EV) strategy to key suppliers early next year, as it races to narrow the gap on price and performance with industry leaders Tesla and BYD, two people with knowledge of the work said.
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A logo of IATA is pictured in Geneva

Airlines see return to profit in 2023, clash with airports

Global airlines are predicting their first industry-wide profit since 2019 next year as air travel rebounds from COVID-19 restrictions, while a new war of words erupted with airports on Tuesday over rising air fares and ground charges.
A board shows stock information at a brokerage office in Beijing

Bargains begin luring big banks back to China bets for 2023

As Chinese assets whipsaw around hopes and fears over the country's path out of the pandemic, big offshore investors are slowly leaving the sidelines as they plot a cautious return to one of the year's worst-performing equity markets.
Alexei Kudrin is a former finance minister who was sacked by then-president Dmitry Medvedev for insubordination in 2011

Putin ally joins tech giant Yandex

A long-time ally of President Vladimir Putin, Alexei Kudrin, said Monday he will be joining Yandex as the Kremlin seeks to tighten its grip on Russia's top technology giant.
The 90-year-old Grand Rex has the only spinning sign on the Paris skyline

How Paris cinemas are surviving

Spinning once again, the sign above France's biggest cinema, the Grand Rex, is testament to how well Paris venues have weathered the twin threats of streaming and the pandemic.
A picture illustration of  U.S. dollar Swiss Franc British pound and Euro bank notes

BIS warns of $80 trillion of hidden FX swap debt

The Bank for International Settlements (BIS) has warned that pension funds and other 'non-bank' financial firms now have more than $80 trillion of hidden, off-balance sheet dollar debt in the form of FX swaps.