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Business daily

Italian government seeks €20bn to prop up banks

Italy's government has asked parliament to authorise €20 billion to support the country's fragile banking sector. This as a deadline approaches for Monte dei Paschi di Siena to raise €5bn in new capital, and there are fears of a knock-on effect on other Italian lenders. Also today, we tell you about a shortage of a Christmas staple in the United States.

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