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Italy’s billionaire family gets another windfall

A good deal becomes a great deal in a market that has suddenly turned. The Agnelli family’s agreement to sell PartnerRe Ltd. to French insurer Covea for $9 billion may fall short of what investors were hoping for last month. But to ink an all-cash disposal at this price is some achievement — even if the buyer is rich and ...

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Hong Kong’s ‘helicopter money’ struggles for lift

If you’re raining cash on people and want them to spend it, you have to convince them that the benevolence is being financed by printing money. Nobody wants to worry about being taxed more in the future. These things are going to be problematic for Hong Kong Financial Secretary (HJFS) Paul Chan. He plans to give away HK$10,000 to every ...

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Smartphone supplies may soon run out

Bloomberg As Chinese factories hit by the coronavirus look to restart production, the pain is only beginning for carriers that rely on steady shipments of Asian smartphones. AT&T Inc is bracing for handset shortages across the US. A carrier in the UK and one in France are already dealing with supply disruption and could run out of some popular models, ...

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