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Macron to fine-tune stimulus 6 months before French polls

Bloomberg French President Emmanuel Macron will reassess the country’s recovery plan in September, possibly adding to the 100 billion euros ($120 billion) of stimulus his government is already injecting into the economy. Such a boost would arrive just six months before presidential elections, where management of the health crisis and the growth rebound are set to be key battlegrounds. Before ...

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Verizon sells 90% of media division to Apollo for $5 billion

Bloomberg Verizon Communications Inc said it’s selling its media division to Apollo Global Management Inc. for $5 billion, a move that will jettison once-dominant online brands like AOL and Yahoo. The unit will be known as Yahoo after the close of the transaction, which is expected in the second half of this year, Verizon said in a statement Monday. Guru ...

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Swiss economy shows signs of life as vaccinations gain pace

Bloomberg Switzerland’s economy is bouncing back from the pandemic-induced slump, with manufacturing sector activity at an all-time high and companies gearing up to take on more staff. The purchasing managers’ index for industry hit its highest since at least 1995 in April, with a gauge for the service sector also signaling a pickup. Monday’s data come on the back of ...

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