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United Kingdom

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Britain will invest nearly $2 billion in the arts and hopes to allow outdoor and socially distanced performances at cultural venues as it tries to help a high-profile sector hit hard by the coronavirus.

Spanning theatres in London’s West End, opera houses and ballet companies putting on big-budget performances to provincial venues up and down the country, the industry is a prominent British export and popular among tourists and locals alike.

But it ...


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By Tanishaa Nadkar

(Reuters) - Cineworld said on Monday it planned to make a counter-claim against Cineplex following the Canadian cinema chain’s legal action against the British group for damages after it scrapped a $1.65 billion takeover.

Cineplex said last week it was suing Cineworld for damages, including about C$2.18 billion that Cineworld would have paid on closing of the deal.

The British company abandoned the takeover last month, citing what it termed the...


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LONDON (Reuters) - Britain’s economy shrank by the most since 1979 in early 2020 as households slashed their spending, according to official data that included the first few days of the coronavirus lockdown. Gross domestic product dropped by a quarterly 2.2% between January and March, the Office for National Statistics (ONS) said. That was below the median forecast in a Reuters poll of economists for a fall of 2.0%. Prime Minister Boris Johnson will set out his plan to speed up...


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LONDON (Reuters) - HSBC is resuming plans to cut around 35,000 jobs which it put on ice after the coronavirus outbreak, as Europe’s biggest bank grapples with the impact on its already falling profits. It will also maintain a freeze on almost all external hiring, Chief Executive Noel Quinn said in a memo sent to HSBC’s 235,000 staff worldwide on Wednesday and seen by Reuters. “We could not pause the job losses indefinitely - it was always a ques...


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(Reuters) - Facebook’s acquisition of popular GIF website Giphy is being scrutinized by the United Kingdom’s competition watchdog for possibly reducing competition.The parent of messaging app WhatsApp bought Giphy, a popular website for making and sharing animated images, or GIFs, in May to integrate it with its rapidly growing photo-sharing app, Instagram.Facebook is now pausing the integration, a source familiar with the matter told Reuters.“We are prepared to show regulators that this a...


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(Reuters) - Unilever proposed collapsing its Anglo-Dutch legal structure into a single holding company based in Britain on Thursday, nearly two years after shareholders sank an earlier plan to move its headquarters to the Netherlands. The maker of Dove soap and Hellmann’s mayonnaise said in a statement that unification, which would unwind a dual-headed structure in place since 1930, aims to give more flexibility for mergers and acquisitions and reduce complexity. Its latest plan is the rever...


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LONDON/HONG KONG (Reuters) - Britain will not walk away from the people of Hong Kong if China imposes a national security law that would conflict with its international obligations under a 1984 accord, Prime Minister Boris Johnson said on Wednesday. The United Kingdom has urged China to step back from the brink over the national security legislation for Hong Kong that it says risks destroying one of the jewels of Asia’s economy while ruining the r...


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LONDON (Reuters) - The United Kingdom’s COVID-19 death toll surpassed 50,000 on Wednesday, according to a Reuters tally of official data sources that highlighted the country’s place as one of the worst hit in the world. New data from Scotland brought the toll to 50,059, a dire milestone for Prime Minister Boris Johnson as he tries to ease the stringent coronavirus lockdown. The figure is the highest in Europe and puts the UK behind only the much larger United States in...


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HONG KONG/SINGAPORE (Reuters) - GlaxoSmithKline has sold its stake in Unilever’s Indian business for $3.4 billion, marking India’s largest block trade, which will help the British company in its goal of reinvigorating its drug development pipeline. The transaction GSK announced on Thursday comes as it pursues a two-year program to split into two entities after it made cost...


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The Prime Minister has been moved "back to the ward, where he will receive close monitoring during the early phase of his recovery."