Category: Reuters
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US has sent Israel thousands of 2,000-pound bombs since Oct. 7 By Reuters
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By Humeyra Pamuk and Mike Stone WASHINGTON (Reuters) – The Biden administration has sent Israel large numbers of munitions, including more than 10,000 highly destructive 2,000-pound bombs and thousands of Hellfire missiles, since the start of the war in Gaza, two U.S. officials familiar with an updated report said. List…
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Trump cites Supreme Court ruling in calling for Jan. 6 ‘hostages’ to be freed By Reuters
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Written by Tim Reid CHESAPEAKE, Virginia (Reuters) – U.S. President Donald Trump said on Friday that his supporters who were prosecuted for their actions in the attack on the U.S. Capitol on January 6, 2021 should be released, citing a Supreme Court ruling in favor of a man who appealed…
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Cancer victims lose bid to block proposed J&J talc bankruptcy By Reuters
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Written by Brendan Pearson (Reuters) – A federal judge on Friday rejected a group of cancer victims’ bid to block Johnson & Johnson from pursuing a proposed bankruptcy settlement of tens of thousands of lawsuits alleging that the company’s baby powder and other talc products contain cancer-causing asbestos. On June…
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Visa, Mastercard can likely handle settlement much bigger than $30 billion, judge says By Reuters
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By Jonathan Stempel NEW YORK (Reuters) – A federal judge said on Tuesday that Visa Inc and Mastercard Inc could likely afford a “significantly larger” settlement with merchants who said they overpaid for card swiping fees than the $30 billion deal she rejected this week. US District Judge Margo Brody…
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Amazon lures cofounders from startup Adept to bolster AI efforts By Reuters
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By Greg Bensinger and Crystal Ho (Reuters) – Amazon.com Inc has hired the founders and some of its team members of artificial intelligence startup Adept, a move that mirrors rival Microsoft Corp (NASDAQ:MSFT.O), as it seeks to combat the perception that it is playing catch-up in AI. Adept said in…
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US Treasury finalizes new crypto tax reporting rules By Reuters
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Written by Hannah Lange (Reuters) – The U.S. Treasury Department finalized a rule on Friday that would require cryptocurrency brokers, including exchanges and payment processors, to report new information about user sales and exchanges of digital assets to the Internal Revenue Service. The new requirements are aimed at cracking down…
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US urges dismissal of lawsuit seeking menthol cigarette ban By Reuters
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Written by Jonathan Stemple (Reuters) – The Biden administration has asked a federal judge to dismiss a lawsuit brought by anti-smoking groups demanding an end to a nearly year-long delay and ban on menthol cigarettes, which are disproportionately used by Black people and young people. In a court filing Thursday…
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Private credit boom drives Sixth Street hiring spree in Europe By Reuters
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Written by Sinead Cruz and Tommy Reggiore Wilkes LONDON (Reuters) – Sixth Street is embarking on the biggest European recruitment drive in its 15-year history, taking up a new regional headquarters in London’s Mayfair and adding up to 20 staff this year to focus on private credit and real estate.…
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Russia’s VTB bank says US sanctions have complicated cross-border transactions By Reuters
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MOSCOW (Reuters) – U.S. sanctions imposed on Moscow this month have complicated foreign trade operations for Russian banks but they are gradually adapting to the new reality, the chief financial officer of Russia’s second-largest lender VTB said on Friday. On June 12, the United States imposed Ukraine-related sanctions on the…
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Energy stocks boost European shares at open By Reuters
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(Reuters) – European stocks opened higher on Friday, as rising prices lifted energy stocks, but focus was also on the inflation reading in the United States, which may be key in gauging the path of global monetary policy. The European index rose 0.4% by 0710 GMT, after closing lower during…
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At least four companies launch Hong Kong IPOs to raise about $500 million By Reuters
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Written by Scott Murdoch SYDNEY (Reuters) – At least four companies ranging from a U.S.-based aircraft manufacturer to a Chinese artificial intelligence company launched initial public production in Hong Kong on Friday to raise up to $500 million, according to their regulatory filings. Cirrus Aircraft, a Minnesota-based small jet aircraft…
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Fujifilm once struggled to sell cameras. Now, it can’t keep up with demand By Reuters
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Written by Rocky Swift TOKYO (Reuters) – For many years, Japan’s Fujifilm has moved away from the legacy camera business to focus on health care. But thanks in large part to TikTok’s audience, its retro-themed X100 digital cameras are now a massive hit, boosting its bottom line. Fujifilm is having…
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Japan issues fresh warnings against sharp yen falls By Reuters
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Written by Kentaro Sugiyama and Laika Kihara TOKYO (Reuters) – Japanese authorities will take necessary measures on currencies, Finance Minister Shunichi Suzuki said on Thursday, signaling a willingness to intervene in the foreign exchange market after the yen fell to a fresh 38-year low against the dollar. “It is desirable…
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South Korea’s Naver-backed Webtoon shares jump about 14% in Nasdaq debut By Reuters
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Written by Arasu Kannagi Basil and Joyce Lee (Reuters) – Shares of online comics platform Webtoon Entertainment surged as much as 14.3% above their initial public offering price in their Nasdaq debut on Thursday. The stock opened at $21.30, giving the company a valuation of $2.71 billion, and traded as…
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South African rand drops on reported discord over cabinet posts By Reuters
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Written by Tanwar Anders JOHANNESBURG (Reuters) – The South African rand fell sharply on Thursday after media reports of a major rift between the pro-business Democratic Alliance party and President Cyril Ramaphosa over ministerial positions. At 1527 GMT, the rand was trading at 18.48 against the dollar, down 1.7% from…
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OpenAI signs multi-year content deal with Time magazine By Reuters
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(Reuters) – Time magazine has signed a multi-year content deal with OpenAI that will give the maker of ChatGPT access to its archive of news content, the companies said on Thursday. In response to user inquiries, the two companies added in a statement that the chatbot will cite the original…
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Turkey’s Simsek to speak at FATF watchdog meeting in Singapore, state media says By Reuters
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ISTANBUL (Reuters) – Turkish Finance Minister Mehmet Simsek will deliver a speech at a Financial Action Task Force meeting in Singapore, Turkish state media said on Thursday, ahead of a decision by the international crime watchdog to remove Turkey from the “grey list.” The decision to remove Turkey from this…
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Battered yen mired near multi-decade low as intervention risks loom By Reuters
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By Ray Wee SINGAPORE (Reuters) – The yen approached its lowest level in 38 years on Thursday and struggled at 160 yen to the dollar, keeping markets on alert for any signs of Japanese authorities intervening to support the currency. In the broader market, the dollar trimmed some of its…
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Modi’s govt calls on Indian state to look into Reuters report on Foxconn hiring By Reuters
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Written by Praveen Paramasivam, Munsif Vengattil and Aditya Kalra BENGALURU (Reuters) – Indian Prime Minister Narendra Modi’s government said on Wednesday it had asked Tamil Nadu state to submit a “detailed report” after a Reuters story revealed that Apple supplier Foxconn had refused to hire married women for iPhone assembly…