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Stocks Mostly Drop as Infections Overshadow Vaccine Hopes

Global equity markets mostly fell Monday as hopes that vaccines will soon be rolled out were overshadowed by concerns over a pick-up in virus cases around the world.

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OPEC to Discuss Extension of Output Cuts beyond January

The OPEC oil producers' club will meet virtually Monday to mull over an extension to production cuts as the coronavirus pandemic continues to weigh on global demand.

Ministers from the cartel will start meeting via video conference at 1 pm GMT Monday and will be hoping that they can turn a page on a disastrous year. 

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Reports: S&P Global nears $44 bn Deal to Buy IHS Markit

S&P Global was nearing a deal to buy IHS Markit for around $44 billion, reports said Sunday, in what would be a merger of two of Wall Street's largest data providers.

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Swiss Reject World's Strictest Corporate Responsibility Rules

Swiss voters on Sunday rejected a plan to impose the world's strictest corporate responsibility rules, which would have made multinationals headquartered in the country liable for abusive business practices worldwide.

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Amazon Says Cloud Outage Triggered by Capacity Upgrade

A giant outage of Amazon's cloud-computing network in the U.S., which impacted large users such as media companies, was triggered by an effort to upgrade capacity, the company said.

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OPEC, Allies Mull Extending Output Cuts

The OPEC oil producers' club and its allies will hold a virtual meeting on Monday and Tuesday to finalize an expected extension to production cuts as the coronavirus pandemic continues to weigh on global demand.

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Black Friday Offers Beacon of Hope to Struggling Stores

After months of slumping sales and businesses toppling into bankruptcy, Black Friday is offering a small beacon of hope.

In normal times, Black Friday is the busiest shopping day of the year, drawing millions of shoppers eager to get started on their holiday spending.

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Asia Markets Ease Back as Investors Take Breath after Rally

Asian markets drifted Friday as investors took their feet off the pedal after rallying for the past month on vaccine optimism and easing US political uncertainty.

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UK to Unveil Spending Plans in Face of Surging Debt

Britain's government on Wednesday announces its spending plans for the next year amid soaring debt to support the virus-ravaged economy and as the nation embarks on its post-Brexit future.

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Yellen's Appointment 'Good News for World Economy', Says ECB Vice-president

The prospect of former Federal Reserve boss Janet Yellen becoming the next US Treasury Secretary is "good news" for the US and the world, ECB vice president Luis de Guindos said Wednesday.

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