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European stocks follow Asian stocks slightly higher
European stocks edged higher on Friday, following gains in Asia, even as investors weighed the risks of tightening monetary policy. Earlier, the ECB said it would slow bond purchases during the epidemic. The pan-European Stoxx 600 index rose 0.2%. It is still possible to record a weekly decline this week because of concerns about a global economic slowdown. Mining and technology stocks were the biggest gainers in European stocks, while telecom stocks fell the most. LVMH, a French luxury goods maker, rose 1.8 percent after HSBC recommended buying the stock. Shares of Fresenius Healthcare Group fell 4%, and JPMorgan Chase & Co downgraded the stock.
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Former Microsoft CEO Ballmer joins the 100 billion billion-dollar billionaire club
Following the rise in US tech stocks, the world's top billionaire club just added a new member, and another is expected to join soon. According to the Bloomberg Billionaires Index, former Microsoft CEO Steve Ballmer's net worth exceeded 100 billion US dollars, making him the ninth person in the world to reach this peak. Oracle founder Larry Ellison's net worth is 98.6 billion US dollars. He is temporarily ranked 10th on the list of the richest people, and is one step away from 100 billion dollars. Ballmer, 65, resigned as CEO of Microsoft in 2014 and now owns the NBA's Los Angeles Clippers. His wealth grew by $201 billion this year, Eli
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