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Alibaba offers $2.86 billion in loans to firms hit by coronavirus outbreak

(This Feb 10 story refiles to add bylines) SHANGHAI (Reuters) – Alibaba Group Holdings <BABA.N> said on Monday its affiliate Ant Financial’s MYBank unit would offer 20 billion yuan ($2.86 billion) in loans to companies in China in light of the coronavirus outbreak, with preferential terms for Hubei firms. Alibaba made the announcement in a […]

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Britain doesn’t need anything special from EU trade deal – PM Johnson’s spokesman

LONDON (Reuters) – Britain does not need any special arrangements in its future relationship with the European Union, Prime Minister Boris Johnson’s spokesman said on Monday, adding that it wants a trade agreement similar to other deals the EU has struck. Prime Minister Boris Johnson’s EU advisor, David Frost, will give a speech later setting […]

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Take Five: In sickness and in health

(Reuters) – 1/CHINA ON SICK LEAVE A leap in coronavirus cases in Hubei gave markets pause, for all of 24 hours. Then attention shifted back to the global case-count and the rally resumed. But while investors are focused on containment, the world’s second-biggest economy is idling. President Xi Jinping may have urged officials to refrain […]