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Rising euro stokes ECB worries over falling prices

The euro’s rise is worrying top policymakers at the European Central Bank, who warn that if the currency keeps appreciating it will weigh on exports, drag down prices and intensify pressure for more monetary stimulus. Several members of the ECB’s governing council told the Financial Times that the euro’s rise …

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Top fund cashes in £13bn of Tesla shares

Savers in a number of Baillie Gifford funds are set to reap a stellar return from its investment in Tesla. The Edinburgh-based investment management firm has cashed in a chunk of its shares in the electric car maker, generating estimated profits of around £13billion in just eight months. Baillie Gifford …

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