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Barclays seeks buyers for $5.3 billion of Italy loans

BLOOMBERG  Barclays Plc is seeking to sell about €5 billion ($5.3 billion) of Italian mortgage loans as part of plans to exit retail banking in the country. The UK bank has started the sales process for a portfolio of mostly performing loans to individuals, people with knowledge of the matter said. The package also includes non performing mortgages and high ...

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Swedes warm up to euro as krona approaches new lows

BLOOMBERG  The Swedish population has become less hostile to the idea of adopting the euro as the krona is trading near its weakest levels ever. A poll published by Statistics Sweden showed 30.6% would vote in favour of adopting the euro. While 50.5% remains opposed to abandoning the krona, support for the common currency is now at its highest level ...

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AM radio fights back after getting boot from Tesla, other EVs

BLOOMBERG  Automakers moving into an electric future are locked in a battle with broadcasters concerned about the potential loss of an aged and fading technology: AM radio. Major carmakers, including Tesla Inc and BMW AG, are omitting AM tuners from electric vehicles, citing electromagnetic interference with the frequencies used by the century-old broadcasting service. AM radio is particularly susceptible to ...

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