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FILE PHOTO: Customers at an ATM at a branch of South Africa's Standard Bank in Cape Town, March 15, 2016. REUTERS/Mike Hutchings
JOHANNESBURG (Reuters) – Standard Bank will stop financing all new coal- and oil-fired plants in most circumstances and reduce its fossil fuel exposure over time as part of a plan to reach net-zero by 2050, the South African lender said on Wednesday.
Standard Bank, Africa’s largest lender by assets, said it will no longer fund the construction of new coal-fired power plants or expansion of existing ones. Funding for new coal mines is allowed “only when there is a positive environmental impact”.
The company’s exposure to thermal coal will fall to 0.5% by 2030 from 0.7% of its lending book in 2020, and hit zero by 2050. Oil exposures will drop to 0.53% from 0.65% by the end of the decade, and 0.09% by 2050. Gas exposures will grow until 2030, before falling to reach 0.4% by mid-century.
“The group is committed to balancing the risks posed by climate change with the need to support access to reliable energy that supports economic growth and poverty alleviation,” the bank said.
Campaigners, however, say that continuing to fund fossil fuels locks in planet-warming emissions for decades and puts the world’s climate goals off-track.
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2022-03-16T07:44:30Z
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www.oann.com
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Standard Bank to stop financing for new coal, oil power plants | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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(Reuters) – Blockchain technology firm ConsenSys said on Tuesday its valuation had more than doubled to over $7 billion after its latest funding round that included investments from SoftBank Vision Fund 2 and Microsoft.
ConsenSys, founded by Joseph Lubin, is an Ethereum blockchain firm whose products help developers, enterprises and users build applications geared towards the so-called “Web3” space.
“Web3” is used to describe a potential next phase of the internet: a decentralized web run on the record-keeping technology blockchain.
Investors in the new round led by ParaFi Capital also included Singapore’s Temasek, Anthos Capital, Sound Ventures and C Ventures.
ConsenSys said it intends to convert all funds from the round to ether (ETH), the second largest cryptocurrency after bitcoin, to rebalance the ratio of ETH to U.S. dollar-equivalents in line with the company’s treasury strategy. Lubin has contributed heavily to the development of the cryptocurrency.
ConsenSys, which was valued at $3.2 billion in its last funding round in November, joins a growing list of crypto companies whose valuations have jumped in recent months driven by the explosion of interest in “Web3” and with the launch of marketplaces for non-fungible tokens (NFT).
Earlier this year, “Web3” developer platform Alchemy nearly tripled its valuation to $10.2 billion after a funding round led by Lightspeed and Silver Lake.
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2022-03-16T10:45:47Z
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ConsenSys valuation more than doubles to over $7 billion after latest funding | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: A worker looks on as they rebuild homes in the northern Dutch town of Overschild, where earthquakes from natural gas extraction have made them unsafe, in Netherlands March 10, 2022. REUTERS/Anthony Deutsch
(The story from March 15 corrects name to “Wigboldus”, instead of “Wigbolgus,” throughout)
OVERSCHILD, Netherlands (Reuters) – Images of bombed-out hospitals and apartment buildings across Ukraine reminded Jannie and Bert Schrage of their home country during World War Two. Then the retired couple, who live in the north of the Netherlands, realised they had a resource to help slow President Vladimir Putin’s campaign – natural gas.
His response exemplifies a sudden shift in energy policy across Europe that was triggered by Russia’s invasion of Ukraine on Feb. 24. The incursion, which Ukraine President Volodymyr Zelenskiy likened to a new iron curtain falling across the continent, has highlighted Europe’s dependence on Russian energy and triggered a scramble to secure scant non-Russian energy sources – from the United States and Qatar to Japan, which will divert some of its liquefied natural gas (LNG) imports to Europe.
Russia denies targeting civilians, saying it is conducting a “special operation” to demilitarise Ukraine. Even as the conflict rages, Russian gas is still flowing to Europe, accounting for 40% of its total supplies. However, a Russian foreign ministry official said on Saturday the European Union would end up paying at least three times more for oil, gas and electricity as a result of sanctions against Moscow.
The Groningen field contains roughly 450 billion cubic metres (bcm) of recoverable gas. That’s nearly three years’ worth of European imports from Russia, according to Rene Peters, a gas specialist at the Netherlands Organisation for Applied Science, known by its Dutch acronym TNO.
“As long as people in Groningen run a higher risk of dying – due to the collapse of houses as a result of a major earthquake or due to stress and uncertainty – phasing out gas production and quickly realising the reinforcements will remain necessary for safety,” said Theodor Kockelkoren, inspector general at the State Supervisor of Mines.
The government said in a statement on Monday it still aims to permanently close the field as soon as possible, or in 2023 or 2024. But it said new uncertainty, “partly due to the Russian invasion of Ukraine,” meant Groningen gas may be needed as a last resort.
“Here, houses might collapse due to safety problems,” Wigboldus said. “There, there is real bloodshed.”
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2022-03-16T10:46:03Z
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For Dutch province, Ukraine war is a call to pump natural gas | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Hyundai launches plant to produce Indonesia’s first electric car
FILE PHOTO: Hyundai Motor's autonomously driving Ioniq 5 is displayed during a press day at the 2021 Seoul Mobility Show in Goyang, South Korea, November 25, 2021. REUTERS/Kim Hong-Ji/File Photo
JAKARTA (Reuters) – Hyundai Motor Group launched a new automotive plant on Wednesday that will produce Indonesia’s first locally assembled electric vehicle, part of President Joko Widodo’s goal of developing a full EV supply chain utilising the country’s mineral resources.
At the plant’s inauguration on Wednesday, Jokowi, as the president is known, said the government was providing incentives and had removed red tape to try to boost investment in EV development.
“We need to be an important player in the global supply chain of electric cars,” he said.
“Our country has large mineral resources that can be used for development of electric cars.”
Downstream development of Indonesia’s natural resources has been one of Jokowi’s key economic goals to lure foreign investment and create jobs.
The group’s chairman Euisin Chung said the new plant would also be linked with a Hyundai-LG joint venture battery plant, which is scheduled to open in 2024.
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2022-03-16T10:46:10Z
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Hyundai launches plant to produce Indonesia’s first electric car | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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COURCHEVEL, France (Reuters) – Marco Odermatt was confirmed as the first Swiss man for 12 years to win the overall Alpine skiing World Cup title after claiming second place in the final downhill of the season on Wednesday.
While the title was all but assured anyway, his runner-up spot behind Austria’s Vincent Kriechmayr at the World Cup Finals downhill in Courchevel gave him an unassailable lead in the standings ahead of Norway’s Aleksander Aamodt Kilde.
Odermatt, 24, has also won this season’s giant slalom title, having also taken gold in the discipline at the Beijing Olympics where Swiss skiers enjoyed a dominant Games.
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2022-03-16T12:17:08Z
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Alpine skiing-Swiss Odermatt seals overall World Cup title | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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(Reuters) – The Pentagon will request 61 F-35 stealth warplanes from Lockheed Martin Corp in its next budget, 33 fewer than previously planned, Bloomberg News reported on Wednesday, citing people familiar with the matter.
The F-35 is one of the world’s most advanced fighter aircraft and is considered a highly sensitive export, sold only to the United States’ closest allies.
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2022-03-16T12:17:23Z
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Pentagon to request 33 fewer Lockheed F-35s in next budget -Bloomberg News | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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TOKYO (Reuters) – SoftBank Group Corp-backed food service robot startup Bear Robotics has raised $81 million in a Series B funding round with investors that include Cleveland Avenue, a venture capital firm founded by a former McDonalds chief executive.
Other investors include South Korean private equity firm IMM and telco KT Corp, the startup’s co-founder and chief operating officer Juan Higueros told Reuters, declining to disclose the firm’s latest valuation.
Bear Robotics makes its products in South Korea, with the company relying on its head of manufacturing, who previously worked for Taiwan’s Foxconn, to help navigate the “tough to manage” supply chain pressures, Higueros said.
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2022-03-16T12:17:31Z
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SoftBank-backed Bear Robotics raises $81 million for waitering robot rollout | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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BERLIN (Reuters) – Michelin and BMW were among the latest companies on Wednesday to warn of disruption to their operations from Russia’s invasion of Ukraine, while ad group Publicis said it had ceded control of its Russian business to protect its staff.
The list of Western companies that have suspended operations or pulled out of Russia is growing by the day after the West imposed sanctions aimed at curbing Moscow’s access to funding.
Russia’s invasion of Ukraine and COVID-19 related disruptions in China have forced carmakers from Toyota to Tesla to shutter plants and raise prices, with many warning of further pain if circumstances do not stabilise.
France’s Michelin, which was the first international tyre maker to start manufacturing in Russia in 2004, suspended production at its plant in Davydovo which employs about 750 people.
“There is a lot of supply difficulties – which means we have disruption of financial flows, and there’s a problem of currency instability,” it said.
“We were determined to take the necessary time to come up with a solution that was truly people-first, because our 1,200 employees in Russia are our people too. We couldn’t just abandon them,” Chief Executive Officer Arthur Sadoun said.
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2022-03-16T13:48:37Z
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BMW, Michelin hit by supply-chain disruption, Publicis cedes control in Russia | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: Czech Prime Minister Petr Fiala attends a joint meeting with Polish Polish Prime Minister Mateusz Morawiecki, Polish Deputy Prime Minister Jaroslaw Kaczynski, Slovenia's Prime Minister Janez Jansa and Ukraine's President Volodymyr Zelenskiy, in Kyiv, Ukraine March 15, 2022. Ukrainian Presidential Press Service/Handout via REUTERS
PRAGUE (Reuters) -Ukraine needs more weapons to defend itself against the Russian invasion, Czech Prime Minister Petr Fiala said on Wednesday after returning from a visit to Kyiv.
Fiala flew to Prague from Poland on Wednesday after the delegation travelled to Kyiv on Tuesday by train in a show of support for Ukraine.
He, Poland’s Mateusz Morawiecki and Slovenia’s Janez Jansa received suggestions about possible further sanctions on Russia as well as other information that they would relay to European Union leaders, he said.
(Reporting by Robert Muller and Jan Lopatka; Editing by Andrew Heavens and Angus MacSwan)
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2022-03-16T13:48:52Z
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Czech leader after Kyiv visit: Ukraine above all needs more weapons | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 7, 2022. REUTERS/Andrew Kelly
(Reuters) – U.S. stock indexes opened higher on Wednesday as signs of progress in Ukraine-Russia peace talks lifted sentiment ahead of a widely expected interest rate hike by the Federal Reserve.
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2022-03-16T15:20:06Z
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Wall Street climbs at open on Ukraine peace talks, Fed on tap | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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(Reuters) -Hudson’s Bay, the owner of Saks Fifth Avenue, is considering a bid for Kohl’s Corp, Axios reported on Wednesday, citing sources.
Kohl’s, whose shares rose 5% in early trade, did not immediately respond to Reuters’ requests for comment. Hudson’s Bay also did not respond to an immediate request for comment.
Kohl’s has rejected two separate takeover bids earlier this year, while saying it is in touch with more than 20 parties and has signed confidentiality agreements with some, giving them access to more financial data.
(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Anil D’Silva)
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2022-03-16T15:20:13Z
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Hudson’s Bay considers bid for Kohl’s -Axios | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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WASHINGTON (Reuters) – U.S. retail sales increased moderately in February as more expensive gasoline and food forced households to cut back spending on other goods like furniture, electronics and appliances, which could restrain economic growth this quarter.
“Though cooling after January’s splurge, American consumers appear reasonably well positioned to keep spending, supported by recent massive job gains and high household savings,” said Sal Guatieri, a senior economist at BMO Capital Markets in Toronto.
Receipts at service stations shot up 5.3%. Gasoline prices jumped 24 cents to an average of $3.49 per gallon in February from January, according to data from the U.S. Energy Information Administration. They have since pushed to a record high above $4 per gallon after Russia’s invasion of Ukraine on Feb. 24. The war has also boosted wheat prices, which could keep food prices high.
“The U.S. economy is still likely to see continued growth, though at a slower pace than seemed possible at the start of the year,” said Bill Adams, chief economist at Comerica Bank in Toledo, Ohio.
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2022-03-16T15:20:29Z
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U.S. retail sales rise moderately in February; January revised sharply higher | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: The logo for Citibank is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly
(Reuters) – Citigroup Inc has started covering travel expenses for employees who go out of state for abortions because of newly enacted restrictions in Texas and other places, becoming the first major U.S. bank to make that commitment.
The new policy is “in response to changes in reproductive healthcare laws in certain states in the U.S.,” the bank said late on Tuesday in a public filing ahead of its annual shareholders meeting in April.
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2022-03-16T16:51:18Z
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Citigroup to cover travel expenses for abortions as U.S. states curb access | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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A woman exits a shop selling hijabs, in the old quarters of Delhi, India March 16, 2022. REUTERS/Anushree Fadnavis
AHMEDABAD/LUCKNOW, India (Reuters) – Hardline Hindu groups are demanding restrictions on wearing the hijab in classrooms in more Indian states after a court upheld a ban on the traditional Islamic head-scarf in Karnataka state, worrying Muslim students who had protested against the ban.
The Karnataka High Court decision on Tuesday, backing the southern state’s ban on the hijab in February, has also been welcomed by top federal ministers from Prime Minister Narendra Modi’s Hindu nationalist Bharatiya Janata Party (BJP), who say students should avoid wearing religious clothing in class. [L2N2VI09V]
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2022-03-16T16:51:25Z
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Hindu hardliners seek wider India ban on hijab in class after court verdict | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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THE HAGUE/LVIV (Reuters) -The chief prosecutor of the International Criminal Court said on Wednesday he insisted on “zero tolerance” of sexual and gender-based crimes and crimes against children as fighting intensifies in Ukraine.
Hundreds of civilians have been killed and more than three million people have been displaced in the past three weeks during what Moscow calls its “special military operation” in Ukraine.[nL2N2VI1WK]
(Reporting by Anthony Deutsch and Stephen Farrell; Editing by Toby Chopra, Gareth Jones and Nick Macfie)
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2022-03-16T16:51:33Z
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ICC insists on ‘zero tolerance’ of crimes against children in Ukraine | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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PARIS (Reuters) – Bernard Arnault, 73, could extend his tenure at the helm of luxury house LVMH to the age of 80, according to a company filing ahead of its annual shareholder meeting.
His five children hold senior management positions at labels belonging to LVMH. The eldest, Delphine Arnault and Antoine Arnault, children from his first marriage, are also both on the group’s board of directors.
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2022-03-16T18:23:09Z
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LVMH boss Bernard Arnault could extend tenure to age 80 | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: Members of Ukrainian emergency services stand amid rubble, as Russia's invasion of Ukraine continues, in Chernihiv, Ukraine, March 9, 2022. State Emergency Service of Ukraine/Handout via REUTERS/File Photo
(Reuters) -Russia’s defence ministry denied a report published by the U.S. Embassy in Kyiv on Wednesday that its forces had shot and killed 10 people waiting in line for bread in the Ukrainian city of Chernihiv, and said there were no Russian troops in the area.
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2022-03-16T18:23:17Z
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Russia denies U.S. Embassy report that its forces shot Ukrainians in bread line | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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You will not pass, Mykolaiv’s mayor tells Russians
MYKOLAIV, Ukraine (Reuters) – At a morgue in the shipbuilding city of Mykolaiv, the cost of Russia’s invasion can be counted in Ukrainian bodies.
A line of cars and trucks passed through the morgue’s gates on Wednesday, dropping off dead soldiers and civilians and collecting others for burial.
“He was so friendly. He had a lot of friends and got on well with everyone. If someone needed help he never refused,” said the grieving father.
Yet some of Vladimir’s relatives in Russia refuse even to believe that a war is raging. From hundreds of kilometres away, they call him to say that they know more about what is happening in his city than he does.
“They still don’t understand what is happening here, they call and say ‘Why are you lying? Everything’s calm and everything is fine!'” he told Reuters. “What else can I say? A son is a son.”
The city’s mayor, Vitaly Kim, says he and others will stay and fight until the end.
“The size of the Russian army is not infinite. They also lack morale, and their resources are limited,” he told Reuters.
“The only option they have is to wipe this city off the map and only then they will be able to pass. In theory that is possible, but we will try our best not to allow it.”
“I have been working non-stop since Feb. 24. I live and sleep at hospital. I haven’t been at home since that time,” he said.
“There are a lot of deaths,” he added. “We took care of a defender with two severed legs and one severed arm.”
“These are our children, these are our grandchildren, this is our country, this is our pride. It’s us,” he said. “This is an encroachment on our lives. So we will fight until victory.”
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2022-03-16T18:23:33Z
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You will not pass, Mykolaiv’s mayor tells Russians | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: Demonstrators hold placards reading "abortion legal and free" during a march for free abortion rights and to demand an end to sexism and gender violence in the education system, in Valparaiso, Chile July 25, 2018. REUTERS/Rodrigo Garrido/File Photo
SANTIAGO (Reuters) – Chile’s divisive battle over abortion rights could get a central role in the Andean country’s planned new constitution after an assembly voted to approve part of the draft text that calls on the state to guarantee women’s reproductive rights.
“What the Constitution does in this case is make a framework of sexual and reproductive rights that have to be developed at a legal level.”
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2022-03-16T21:25:21Z
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Chile abortion debate gets key place in Constitution redraft | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Crypto exchanges face ‘fork in the road’ over Russia, LSE Group chief says
(Reuters) – Cryptocurrency exchanges are risking long-term damage to their industry for remaining in Russia as Western governments seek to isolate Moscow, the head of the London Stock Exchange Group said on Wednesday, calling it a “watershed moment.”
Crypto exchanges face a “fork in the road” in terms of either embracing an ideology of independence from regulation or aligning more closely with the global financial system, which stresses the need for regulation and transparent frameworks, said David Schwimmer, LSEG’s chief executive officer.
“If that industry is seen as a bad actor … on the implementation of, or the avoidance of, sanctions in terms with what’s going on with Russia, I think that would have a long-term impact in terms of how that industry is perceived,” he said at a conference hosted by the Futures Industry Association in Boca Raton, Florida.
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2022-03-16T21:25:36Z
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Crypto exchanges face ‘fork in the road’ over Russia, LSE Group chief says | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Lennar’s first-quarter revenue came in at $6.20 billion, ahead of analysts’ estimates of $6.08 billion. Orders, an indicator of future revenue, rose 1% to 15,747 homes in the reported quarter, while deliveries increased 2% to 12,538 units.
“Both gross margin and net margin remained strong, even as materials costs and wages have increased, and home prices have continued to rise while remaining affordable even as interest rates have ticked up,” Lennar Chairman Stuart Miller said.
Lennar’s backlogs at the end of the first quarter rose to 27,335 from 22,077 a year ago.
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2022-03-16T22:56:49Z
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Lennar revenue beats on soaring home prices; shares up | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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(Reuters) – Foreign-listed Chinese shares rallied on Wednesday after Beijing vowed to keep markets stable, soothing overseas investors’ nerves after a sell-off due to worries over differences between China and the West in the Russia-Ukraine war.
Remarks by China’s Vice Premier Liu He that Beijing would roll out support for the economy and keep markets stable sparked a bounce from 21-month lows for local equities, fuelling a rally for U.S.- and Europe-listed Chinese shares.
In U.S. trading, JD.com jumped 39.4%, Alibaba gained 36.8% and Pinduoduo rallied 56.1% in the biggest daily percentage advances ever for those shares. They fell to multi-year lows https://tmsnrt.rs/3u4Xtsk during Tuesday’s sell-off. The iShares MSCI China exchange-traded fund rose 20.9%.
“It was an utter surprise to the market that this is something (China is) even thinking about,” said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey. “That’s what made the rally so strong.”
Still, “there’s going to be a discount on all of these stocks for a while,” he said, noting the recent JPMorgan Chase downgrade. Earlier this week, JPMorgan Chase & Co downgraded 28 Chinese stocks listed in the United States and Hong Kong.
“You need some follow-through here. It’s not enough to have one Chinese official say something really positive,” Meckler said.
Citibank’s Asia-Pacific trading strategist in Hong Kong, Mohammed Apabhai, likened the moment to the Federal Reserve’s market backstop in 2020 or then-ECB chief Mario Draghi’s “whatever it takes” speech that staunched the eurozone crisis in 2012.
“It’s not quite of that order of magnitude, but it’s not that far away either,” he said. “It seems like China has realized that the need to do something to support the economy, something proper.”
“Although it is still a volatile and somewhat opaque market, I think this is the right moment to look at Chinese stocks because valuations are good and macro data are recovering,” said Giuseppe Sersale, fund manager at Anthilia in Milan.
The speed at which Beijing has responded to this week’s sell-off would suggest it does not want to let things drift out of control, said AJ Bell investment director Russ Mould in London.
“Its key goal is common prosperity and stock markets matter because a lot of Chinese retail investors have money in equities, so their wealth is at stake if shares are plummeting in value,” he said.
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2022-03-16T22:57:05Z
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Foreign-listed Chinese shares jump as Beijing soothes worries | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: French European and Foreign Affairs Minister Jean-Yves Le Drian arrives to attend a meeting with the French Prime Minister and French presidential candidates to discuss Ukraine crisis at the Hotel Matignon in Paris, France, February 28, 2022. REUTERS/Johanna Geron/File Photo
PARIS (Reuters) – France would consider Russia responsible for any use of chemical or bacteriological weapons in the war in Ukraine, Foreign Minister Jean-Yves Le Drian told French newspaper Le Parisien in an interview on Wednesday.
“There is only one emergency: the cease-fire, the cease-fire, the cease-fire. … It is only on this basis that you can negotiate, because you don’t negotiate with a gun on your head.”
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2022-03-17T00:28:03Z
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French foreign minister warns Moscow against use of chemical weapons -Le Parisien | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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“It’s 30% to 50% cheaper to build a semiconductor foundry in Asia than in the United States, mostly because of foreign government investment… We can’t wait,” she said.
SEMI, an industry association, said in a letter https://www.semi.org/sites/semi.org/files/2022-03/SEMI_House_FABS_Act_Support_Letter_Mar_16.pdf to Congress that chips funding “is vital to provide a foundational incentive for investments in domestic design and manufacturing facilities for semiconductors and semiconductor equipment.”
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2022-03-17T00:28:10Z
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Intel, Micron CEOs to testify at U.S. Senate hearing on chip making | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Nearly 70% of Japan’s companies see hit to earnings from Ukraine crisis
TOKYO (Reuters) – Nearly 70% of Japanese firms expect the fall-out from the crisis in Ukraine to hurt earnings, a Reuters poll showed, with a majority of those citing a surge in oil prices as their primary concern.
“As the price of merchandise rises, consumers are tending to favour less expensive goods and services as they become more thrifty,” a manager of a retailer wrote in the survey, which polled 500 non-financial firms between March 2 and March 11.
“We are concerned about the cost of raw materials as well as currency fluctuations,” said a manager at a machinery maker.
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2022-03-17T00:28:18Z
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Nearly 70% of Japan’s companies see hit to earnings from Ukraine crisis | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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(Reuters) – Two special purpose acquisition companies (SPACs) backed by billionaire investment banker Ken Moelis have withdrawn their plans for initial public offerings in the United States, according to regulatory filings on Wednesday.
A SPAC backed by Moelis, founder and chief executive officer of investment banking firm Moelis & Co, has previously taken electric aircraft startup Archer Aviation Inc public. However, even on that deal, the companies had to amend terms to cut Archer’s enterprise value by $1 billion.
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2022-03-17T00:28:33Z
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Two SPACs backed by billionaire Ken Moelis withdraw U.S. IPO plans | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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U.S. will see ‘meaningful’ autonomous vehicle policy in 2020s -U.S. Transportation Secretary
AUSTIN, Texas (Reuters) – U.S. Transportation Secretary Pete Buttigieg on Wednesday said federal policy on autonomous vehicles will undergo “meaningful” developments in the coming years, saying policy frameworks had not fully caught up with technological developments.
Speaking at the South by Southwest music, technology and film festival (SXSW), Buttigieg said regulation had to set boundaries for self-driving without stifling innovation in an industry that “is still largely in its infancy.”
“It’s okay to allow that experimentation to flourish up until and unless we start seeing a real escalation of some of the safety concerns,” Buttigieg said, adding that limitations on the amount of vehicles each company tests could function as “speed breaks.”
“I think we’re going to see very meaningful developments here in the 2020s,” Buttigieg said.
Tesla Inc has released pilot software for what it calls its “Full Self-Driving” system to tens of thousands of Tesla owners for use on public roads across the United States.
Mercedes-Benz AG Chief Technology Officer Markus Schaefer told Reuters on Tuesday the carmaker “absolutely” wants a regulatory framework to protect the company before it releases its hands-free, semi-autonomous driving system in the United States to compete with Tesla’s Autopilot.
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2022-03-17T00:28:40Z
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LONDON (Reuters) – Britain’s government said on Wednesday that executives at social media companies such as Facebook would face up to two years in jail if they provide inaccurate information to regulators’ official inquiries.
The tougher legislation – which the government says aims to reduce online harassment and child sexual abuse – will also see companies be liable for prosecution within two months of the law’s passage, rather than two years as previously planned.
The government also said it would provide clearer guidance on communication that it viewed as legal but harmful – such as some forms of harassment, or the promotion of eating disorders – which social media platforms would be required to suppress.
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2022-03-17T00:28:48Z
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UK steps up jail threat for tech execs who obstruct regulators | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: A cabin crew member of Russian carrier Aeroflot poses in front of a Sukhoi Superjet 100 airplane during a photo session at the 51st Paris Air Show at Le Bourget airport near Paris, June 16, 2015. REUTERS/Pascal Rossignol/File Photo
LONDON (Reuters) – Russia said on Wednesday it would accelerate the development of its domestic civilian aerospace sector by focusing on flagship airliner projects such as the Irkut MS-21, also known as the MC-21, and the Sukhoi Superjet.
“I stress again – we will press on with the implementation of our MS-21 and SSJ-100 flagship projects,” he said.
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2022-03-17T03:32:53Z
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A Tesla sign is seen at its factory in Shanghai, China, May 13, 2021. REUTERS/Aly Song/Files
SHANGHAI (Reuters) – Tesla said on Thursday it was doing its best to keep production going at its Shanghai factory while it cooperates with China’s COVID-19 prevention measures.
Reuters reported on Wednesday that the U.S. electric vehicle maker had suspended production at its Shanghai factory for two days, according to a notice sent internally and to suppliers, as China tightens measures to curb the country’s latest outbreak.
“We are actively cooperating with the government’s requirements for nucleic acid testing and other epidemic prevention requirements, and at the same time are doing our best to ensure production, overcoming difficulties together,” the company said in a statement sent to Reuters.
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2022-03-17T03:33:08Z
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Tesla says it is trying to keep production going at Shanghai factory | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: A man walks near railway tracks after crossing the border between Poland and Ukraine, after fleeing the Russian invasion of Ukraine, in Kroscienko, Poland, March 8, 2022. REUTERS/Yara Nardi
WARSAW (Reuters) -Railways ground to a halt in many places across Poland on Thursday, disrupting an important means of transport for Ukrainian refugees after what the transport minister said was a traffic control system outage impacting several countries.
Infrastructure Minister Andrzej Adamczyk said that identical faults in the traffic control systems, which are produced by a unit of French train maker Alstom, had also appeared in India, Singapore and possibly Pakistan.
“The cause is still being determined,” Adamczyk wrote on Twitter. “(Railway operator) PKP PLK is working non-stop to minimise the effects of the outage, which has affected about 80% of rail traffic in Poland.”
“Alstom is aware of a time formatting error that currently affects the availability of the rail network, and thus rail transport in Poland,” Cyza said, adding passenger safety was not compromised and that the company had implemented a plan to restore traffic.
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2022-03-17T11:08:52Z
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Technical fault halts Polish railways, a key Ukraine exit route | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: A man wears a mask as he walks near the New York Stock Exchange (NYSE) in the financial district in New York City, U.S., March 2, 2020. REUTERS/Brendan McDermid
(Reuters) – U.S. corporations face an unprecedented wave of shareholder resolutions focused on ESG themes for 2022, a new review shows, as activists look to build on favorable regulatory changes and more executives seem willing to make deals.
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2022-03-17T11:09:00Z
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U.S. ESG shareholder resolutions up 22% to record level for 2022, study finds | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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TOKYO (Reuters) – Princess Aiko, the only child of Japanese Emperor Naruhito, said on Thursday that taking part in rituals as an adult member of the imperial family remained “rather tense” for her, and marriage is still far in the future.
Japan’s imperial family became the centre of global attention last year when Aiko’s 30-year-old cousin Mako defied widespread opposition to marry her college sweetheart after being diagnosed with post-traumatic stress disorder (PTSD) due to the stresses of her tumultuous engagement.
“I’ve been mostly raised without worries, so I tend to do things at my own pace,” she said. “From childhood, I’ve been a little shy, so I’ll try hard from now on to conquer this.”
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2022-03-17T12:39:51Z
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Japanese emperor’s daughter says being an adult royal still ‘rather tense’, marriage far off | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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WASHINGTON (Reuters) -Amazon.com Inc on Thursday said it had closed its $8.5 billion deal to buy MGM, combining the fabled movie maker behind “Rocky” and “James Bond” with the online retailing giant as it looks to draw consumers through more streaming video.
Nearly a year later, Amazon is clear of regulatory hurdles to proceed. The European Commission approved the deal Tuesday, with no conditions, saying it would not pose competition concerns. Likewise, Amazon earlier informed the FTC that it had “substantially complied” with requests for information about the deal.
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2022-03-17T14:11:05Z
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Amazon.com closes deal to buy MGM movie studio -blog | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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ISTANBUL (Reuters) – Turkish fast delivery company Getir has closed a $768 million funding round, valuing the company at around $12 billion, a few months after it expanded to the United States, the company said on Thursday.
“This investment will enable us to further develop our proposition and technology, as well as… to continue to attract the best talent,” Getir founder Nazim Salur said in a statement.
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2022-03-17T14:11:28Z
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Fast delivery startup Getir closes funding round with $12 billion valuation | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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(Reuters) – Gold rose on Thursday after the U.S. Federal Reserve’s first hike in borrowing costs in three years bore no surprises, with gains underpinned by a drop in the dollar and U.S. Treasury yields.
The U.S. central bank on Wednesday raised interest rates by 25 basis points, but as the hike was on expected lines and came against the backdrop of surging prices, it did not dent gold’s appeal as an inflation hedge.
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2022-03-17T14:11:35Z
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Gold up as dollar, yields weaken after Fed’s in-line rate hike | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: A for sale sign is displayed outside a home in Toronto, Ontario in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio
OTTAWA (Reuters) – Canadian home price gains accelerated again in February from January, climbing 1.5% on the month as prices rose in nine of the 11 major markets, data showed on Thursday.
Halifax, Nova Scotia continued to have the fastest rising home prices of Canada’s major cities, up 32.5% on the year and 3.0% on the month in February. Hamilton, Ontario home prices jumped 27.9% on the year and 3.1% on the month.
Separate data earlier this week from Canada’s realtors showed home resale prices hit a new all-time high in February, as buyers seized on increasing supply.
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2022-03-17T15:42:42Z
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Canada home prices accelerate again, up 1.5% in February -Teranet | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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IMF says having ‘constructive’ talks with Pakistan as part of program review
FILE PHOTO: The International Monetary Fund logo is seen inside its headquarters at the end of the IMF/World Bank annual meetings in Washington, U.S., October 9, 2016. REUTERS/Yuri Gripas
WASHINGTON (Reuters) – The International Monetary Fund on Thursday said it was having constructive, ongoing discussions with Pakistan as part of a seventh program review of a $6 billion rescue package.
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2022-03-17T15:43:13Z
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IMF says having ‘constructive’ talks with Pakistan as part of program review | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: Impossible Foods Chief Executive Pat Brown poses in front of a flame broiler cooking its plant-based patties at a facility in Redwood City, California, U.S. March 26, 2019. REUTERS/Jane Lanhee Lee
(Reuters) -Impossible Foods founder Pat Brown will step down as chief executive and hand over the reins to Peter McGuinness, the former chief operating officer of Greek-yogurt maker Chobani, as the alternative meat producer expands rapidly and launches new products.
At Chobani, McGuinness also served as the company’s president and was in charge of research and development and the company’s expansion into new categories such as plant-based probiotic drinks, oat milks and coffees.
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2022-03-17T17:13:49Z
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Exclusive-Impossible Foods names former Chobani executive as top boss | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: A branch of HSBC bank is seen, in central London August 3, 2009. REUTERS/Stefan Wermuth
LONDON (Reuters) – HSBC is buying a plot of virtual real estate in an online gaming space called The Sandbox for an undisclosed sum, the bank’s first major foray into the metaverse as it shrinks its UK branch network.
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2022-03-17T17:13:56Z
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HSBC buys virtual plot of land in digital push | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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NEW YORK (Reuters) – The U.S. dollar fell on Thursday and hit its lowest in a week as investors digested the Federal Reserve’s monetary policy outlook a day after the U.S. central bank’s expected interest rate hike, while the euro rose as investors watched developments in Russia-Ukraine talks.
The Fed’s monetary policy turned hawkish with its quarter-percentage-point rate increase Wednesday and projection that the federal funds rate would reach a range of 1.75% to 2% by the end of 2022 and 2.8% next year, but the central bank did not deliver a tougher surprise that some investors might have been expecting.
“The strongest message yesterday was that the Fed was going to hike and it was primarily concerned with elevated inflation pressures,” said Bipan Rai, North American head of foreign exchange strategy at CIBC Capital Markets in Toronto.
“The market is kind of taking the bet that the Fed has this view now but that could shift in the coming quarters, and there’s a lot already priced in to the short-term interest rate markets for the Fed this year. Some of that is being pulled back, and that’s one of the reasons why the dollar has come under pressure.”
The dollar index, which measures the greenback’s strength against six trading currencies, was down 0.5% at 97.997 and hit its lowest in a week. The index remains up 2.3% for the year so far.
The dollar was down 0.1% against the Japanese yen. Earlier Thursday, Bank of Japan Governor Haruhiko Kuroda said Japan’s inflation was unlikely to hit a central bank target of 2%, even accounting for rising energy costs, making the case for keeping monetary policy ultra-easy.
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2022-03-17T17:14:41Z
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U.S. dollar hits lowest in week as investors gauge Fed policy, euro firmer | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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AUSTIN, Texas (Reuters) – Electric carmaker Lucid is looking into raising prices for future models amid “huge inflationary pressures,” but is committed to honoring prices for existing reservation holders, its chief executive on Thursday.
“There’s an inevitability that we will have to look at the price points of models that are coming out in the future,” CEO Peter Rawlinson said in an interview with Reuters on the sidelines of the South by Southwest music, technology and film festival (SXSW).
“I think it would be absolutely foolish of me to say we’re never going to raise our prices,” Rawlinson added, citing high nickel prices.
Lucid in late February cut its production forecast for this year to a range of 12,000 to 14,000, down from its original target of 20,000 vehicles, citing “extraordinary supply chain and logistics challenges.” Its shares slid following the announcement.
“It’s about a handful suppliers that are gating our volume,” Rawlinson said. “I’m super frustrated because we’re not gated by silicon chips, we’re not gated by our ability to make electric motors.”
Rawlinson, who previously was vice president of vehicle engineering at Tesla, said he was not concerned about short-term market reactions to Lucid’s production cuts.
“Customer satisfaction and recognition of the quality trumps short-term myopic attention to how many cars we have delivered to customers in a quarter,” Rawlinson said, adding that he was working on a 10-year plan.
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2022-03-17T18:45:25Z
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Lucid eyes price increases for future models, will honor prices for existing reservations -CEO | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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S.Africa’s Ramaphosa blames NATO for Russia’s war in Ukraine
JOHANNESBURG (Reuters) – South African President Cyril Ramaphosa on Thursday blamed NATO for the war in Ukraine and said he would resist calls to condemn Russia, in comments that cast doubt over whether he would be accepted by Ukraine or the West as a mediator.
“We never want to pretend we have a great influence that other countries have, but we are being approached. (To) condemn one (side) … forecloses the role we could play,” he added.
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2022-03-17T18:45:56Z
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S.Africa’s Ramaphosa blames NATO for Russia’s war in Ukraine | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Alcide Firdo, 47, shows a picture of his son Jaime Firdo during an interview with Reuters in Havana, Cuba, March 17, 2022. REUTERS/Sringer
HAVANA (Reuters) -Cuba said late on Wednesday it had sentenced upwards of 100 protesters in Havana to between 4 and 30 years in prison for violence committed during island-wide demonstrations last year, the largest since Fidel Castro’s 1959 revolution.
“They threw stones and bottles at various officials, law enforcement officers, National Revolutionary Police facilities, patrol cars; They overturned a motorcycle and cars…and caused injuries to other people and serious material damage,” the statement said.
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2022-03-17T20:16:31Z
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Cuban anti-government protesters get up to 30 years behind bars | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Ecuador’s prisons blighted by state abandonment -IACHR
FILE PHOTO: A woman reacts outside the judicial police station after prisoners were killed and injured in overnight violence at Penitenciaria del Litoral prison, in Guayaquil, Ecuador November 13, 2021. REUTERS/Santiago Arcos
QUITO (Reuters) – Ecuador’s prison system, blighted by state abandonment and the absence of a comprehensive policy, has unprecedented high levels of violence and corruption and poor conditions for inmates, the Inter-American Commission on Human Rights (IACHR) said on Thursday.
“What has existed for several decades has been an abandonment of the prison system and that abandonment has led to these high levels of violence,” Stuardo Ralon, IACHR vice president of the organization’s commissioner for Ecuador, told Reuters in an interview.
Ecuador’s government did not immediately respond to questions about the IACHR’s findings.
Ecuador’s prisons are marked by overcrowding, operating at 15% above capacity, and poor living conditions for the country’s 35,000 inmates.
President Guillermo Lasso declared a state of emergency throughout Ecuador’s prison system last year, deploying the country’s armed forces to support police in controlling prisons.
A lack of government authority in particularly violent areas in Ecuador’s prisons could have contributed to criminal gangs gaining control of prisons, the IACHR report added.
(Reporting by Alexandra Valencia; Writing by Oliver Griffin; Editing by Aurora Ellis)
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2022-03-17T20:16:39Z
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Ecuador’s prisons blighted by state abandonment -IACHR | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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HIGHLIGHTS – Key Macron quotes on his campaign for a second term
PARIS (Reuters) – French President Emmanuel Macron on Thursday outlined his key reform plans for a second term in office should he win April’s election.
“It must be complemented by a greater commitment at a European level. The choices made by several of our neighbours in recent months are a good thing that strengthen us.”
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2022-03-17T20:16:54Z
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HIGHLIGHTS – Key Macron quotes on his campaign for a second term | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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WASHINGTON (Reuters) – The United States has anecdotal signs of flagging Russian troop morale in some units in Ukraine as the war enters its fourth week, a senior U.S. defense official said on Thursday, speaking on condition of anonymity.
“Some of that is, we believe, a function of poor leadership, lack of information that the troops are getting about their mission and objectives, and I think disillusionment from being resisted (by Ukrainians) as fiercely as they have been,” the official said.
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2022-03-17T20:17:17Z
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U.S. sees anecdotal signs of flagging Russian morale -U.S. defense official | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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(Reuters) – U.S. private equity firm Sycamore Partners is weighing a takeover bid for the British fashion retailer Ted Baker, Sky News reported on Thursday.
Ted Baker’s shares closed up 8.88% on Thursday at 98.75 pounds, giving the company a total valuation of 182.3 million pounds, Reuters calculations based on Refinitiv Eikon data showed.
In February, Ted Baker said it is “cautiously optimistic” about the outlook for the current year after a 35% year-on-year jump in sales in the fourth quarter, a period when pandemic-related restrictions were still in place.
(Reporting by Akriti Sharma in Bengaluru; Editing by Shailesh Kuber)
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2022-03-17T21:48:07Z
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Private equity firm Sycamore weighs bid for fashion chain Ted Baker – Sky News | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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NEW ORLEANS (Reuters) – Mergers and acquisitions activity has tailed off after a record-breaking 2021, as the war in Ukraine adds to a bevy of distractions faced by corporate boards and management in their existing businesses.
“I’m finding myself, as a banker, advocating ‘no’ to selling a company much more than I ever have before,” said Gordon Dyal, the managing partner of investment banking advisory Dyal & Co.
“No matter how attractive that premium is, the chance the deal falls apart and it’s 18 months or 12 months from now, even if you negotiate a huge break fee, it doesn’t matter because it does not compensate a company for its lost franchise.”
The widespread economic and geopolitical upheaval caused by Russia’s invasion of Ukraine is having significant ramifications on companies’ operations, sucking up the attention of leadership and putting some inorganic growth plans on the backburner.
“It’s very hard to have a board meeting to talk about M&A deals when you’re sitting there wondering whether your general manager in Russia is going to go to jail for who knows how long, in a country where all of a sudden there truly are no rules,” said Scott Barshay, chair of the corporate department at law firm Paul, Weiss, Rifkind, Wharton & Garrison.
For corporations though, the ripples from war in Eastern Europe, which Russia calls a “special operation”, are creating challenges on the back of emerging from the COVID-19 pandemic, plus supply chain issues and inflationary pressures.
A unique aspect of this is that many corporate boards, which have been refreshed with new directors in the last two years – either by choice or amid investor pressure – have not met in person during the pandemic, making building trust between boards and management more difficult.
“It is really hard to build up a sense of collegiality and trust and confidence in that environment. And, after all, boards are human beings and deals rely on people trusting each other and trusting the advice that they are receiving,” said Melissa Sawyer, global head of M&A at Sullivan & Cromwell LLP.
“It’s busy. It’s still busy. I think on the public side, we’re seeing a lot of deals,” said Barshay of Paul, Weiss.
“I still have the numbers, even if the sizes are a bit lower.”
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2022-03-17T23:19:22Z
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Dealmakers see M&A pace slow as geopolitical turmoil takes toll | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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HOUSTON (Reuters) – Occidental Petroleum Corp on Thursday said it agreed to sell emissions-offsetting carbon credits to jet-maker Airbus under a deal that advances the U.S. oil producer’s budding energy transition business.
Occidental’s direct air capture facility has a goal of removing one million tonnes of CO2 from the atmosphere per year, equivalent to emissions from almost 200,000 cars. A project in Iceland able to remove emissions from 790 cars https://www.reuters.com/business/environment/worlds-largest-plant-capturing-carbon-air-starts-iceland-2021-09-08 was considered the world’s largest one year ago.
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2022-03-17T23:19:37Z
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Occidental signs four-year deal with jet-maker Airbus for carbon credits | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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U.S. soldiers alive, despite Russia ‘fake news’ report, U.S. military says
WASHINGTON (Reuters) – Three current and former members of the Tennessee National Guard falsely identified in a Russian media report as mercenaries who were killed in Ukraine are in fact alive and well, the Tennessee National Guard said on Thursday.
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2022-03-18T02:21:57Z
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U.S. soldiers alive, despite Russia ‘fake news’ report, U.S. military says | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Japan’s Bridgestone reports ransomware attack at U.S. subsidiary
The announcement comes about two weeks after Toyota’s main supplier, Denso Corp, detected unauthorised access via a ransomware attack at a group company that handles sales and engineering in Germany.
Another Toyota supplier was hit by a cyberattack late last month, prompting Japan’s largest automaker to shut down domestic production for one day on March 1, affecting output of around 13,000 vehicles.
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2022-03-18T03:53:32Z
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Japan’s Bridgestone reports ransomware attack at U.S. subsidiary | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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KYIV/LVIV, Ukraine (Reuters) – Japan and Australia on Friday slapped fresh sanctions on Russian entities as punishment for Moscow’s invasion of Ukraine, which the West says has been stalled by staunch resistance but continues to take a devastating toll on civilians.
“The Ukrainian armed forces are making every effort to stop the enemy attacking from that area,” he told a press briefing in Kyiv.
British military intelligence said on Thursday Russia’s invasion has largely stalled on all fronts, suffering heavy losses and making minimal progress on land, sea or air.
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2022-03-18T03:53:55Z
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Russian sanctions over Ukraine grow, Biden to talk to Xi | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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(Reuters) – University of Pennsylvania swimmer Lia Thomas became the first transgender NCAA champion in Division I history after winning the women’s 500-yard freestyle in Atlanta.
Erica Sullivan, a silver medallist in the 1,500 metre event at last year’s Tokyo Olympics, finished third.
Thomas competed on Pennsylvania’s men’s team for three years before transitioning and moving to the women’s team, setting multiple programme records. Her eligibility has come under considerable scrutiny, including from several Pennsylvania team mates.
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2022-03-18T03:54:10Z
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Swimming-Thomas becomes first trans woman to win NCAA title | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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TOKYO (Reuters) – The Bank of Japan maintained its massive stimulus on Friday and warned of heightening risks to a fragile economic recovery from the Ukraine crisis, reinforcing expectations it will remain an outlier in the global shift towards tighter monetary policy.
The BOJ’s dovish tone is in stark contrast with the U.S. Federal Reserve and the Bank of England, which raised interest rates this week to stop fast-rising inflation becoming entrenched.
“Japan’s inflation is very moderate compared with other economies. As such, I don’t think the BOJ will move just because other central banks are doing so,” said Shotaro Kugo, economist at Daiwa Institute of Research.
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2022-03-18T05:24:45Z
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BOJ maintains huge stimulus, warns of growth risks from Ukraine crisis | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: Dust particles blown from the Sahara to Europe are seen on the bonnet of a Mercedes-Benz car after a rainfall in Zurich, Switzerland March 16, 2022. REUTERS/ArndWiegmann
SHANGHAI (Reuters) -Germany’s Mercedes-Benz Group AG said on Friday it has opened a research and development (R&D) centre in Shanghai that will focus on mobility technology.
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2022-03-18T05:25:01Z
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Mercedes-Benz opens new R&D centre in Shanghai | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: Copies of a booklet from the Central Commission for Discipline Inspection, the ruling Communist Party's anti-graft watchdog, is seen on a table during their news conference in Beijing, China, January 15, 2016. REUTERS/Kim Kyung-Hoon
BEIJING (Reuters) – China will step up scrutiny of the country’s statistics agency and tackle the “outstanding problems” of data fraud and falsification, the Communist Party’s anti-corruption inspection unit said on Friday.
While the National Bureau of Statistics (NBS) has “resolutely probed” and dealt with cases violating statistical discipline and laws in recent years, “the problem of statistical data fraud is still relatively prominent,” said a statement from the Central Commission for Discipline Inspection (CCDI).
The NBS publishes China’s closely watched gross domestic product (GDP) numbers, among other key data.
A few regions created the “illusion of economic development” by falsifying data and some local authorities issued secret instructions to intervene in manipulating data.
Energy intensity and carbon intensity indicate the amount of energy consumed and carbon emitted per unit of GDP, and are used to gauge the progress of a country’s campaign to tackle climate change.
“We will relentlessly break the evil trends (of forging data),” it said.
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2022-03-18T06:56:05Z
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China to increase scrutiny of statistical data to curb fraud | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song
HONG KONG (Reuters) – China Evergrande Group’s flagship unit Hengda Real Estate Group Co Ltd said it will meet onshore bondholders on Friday and Saturday to delay a coupon payment due last September to September of this year.
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2022-03-18T09:58:48Z
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China Evergrande meets onshore bondholders over delayed coupon payment | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: Refugees walk across train tracks to board a train to Bucharest at Suceava train station after fleeing Ukraine to the Siret border crossing in Romania, following Russia's invasion of Ukraine, in Suceava, Romania, March 17, 2022. REUTERS/Clodagh Kilcoyne
GENEVA (Reuters) – A U.N. refugee agency official said on Friday that daily crossings by people fleeing violence in Ukraine have slowed in recent days, saying warmer weather might be a factor.
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2022-03-18T11:30:46Z
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U.N. refugee agency says fewer Ukrainians fleeing | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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(Reuters) -Russia’s central bank kept its key interest rate at 20% on Friday following an emergency rate hike in late February and warned of an imminent spike in inflation and a looming economic contraction.
Elvira Nabiullina, governor of the central bank, will shed more light on the central bank’s forecasts and monetary policy plans at an online briefing at 1400 GMT. The next rate-setting meeting is scheduled for April 29.
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2022-03-18T13:01:38Z
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Russian central bank keeps key rate at 20%, flags economic contraction | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: A Cargill logo is pictured on the Provimi Kliba and Protector animal nutrition factory in Lucens, Switzerland, September 22, 2016. REUTERS/Denis Balibouse/
SANTIAGO (Reuters) – U.S.-based commodities trader Cargill Inc has agreed to acquire a 24.5% stake in the salmon farming subsidiary of Chile’s Multiexport Foods for some $290 million, it said on Friday.
Chile is the world’s second largest salmon producer after Norway. Cargill is a leading supplier of salmon feed.
Under the deal, Salmones Multiexport will also have a 1.13% stake sold to a local unit of Japan’s Mitsui & Co, whose stake in the firm will also reach 24.5%.
The conditions of the deal – which still requires approval from antitrust watchdogs in the Unites States, Brazil and Chile – must be fulfilled in up to six months.
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2022-03-18T14:32:44Z
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Food giant Cargill to buy $290 million stake in Chile salmon farmer | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: Imran Khan, Prime Minister of Pakistan addresses the 74th session of the United Nations General Assembly at U.N. headquarters in New York, U.S., September 27, 2019. REUTERS/Brendan Mcdermid/File Photo
ISLAMABAD (Reuters) -The Pakistani government will petition the Supreme Court to seek a ruling on whether defectors from Prime Minister Imran Khan’s party could lose their seats ahead of a no-confidence vote against him, his interior minister said on Friday.
Without the coalition partners and the dissidents, Khan’s party, which has 155 seats in the lower house, would fall short
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2022-03-18T14:33:08Z
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Pakistan PM Khan to seek court ruling over defections ahead of no-confidence vote | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: Netherlands' Defence Minister Kajsa Ollongren speaks during a NATO Defence Ministers meeting in Brussels, Belgium, March 16, 2022. REUTERS/Johanna Geron
AMSTERDAM (Reuters) – The Dutch government on Friday said it would send a Patriot missile defence system to Sliac, Slovakia, as part of NATO moves to strengthen air defences in Eastern Europe.
“The worsened safety situation in Europe as a reasult of the Russian invasion of Ukraine makes this contribution necessary,” Defense Minister Kajsa Ollongren said in a statement.
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2022-03-18T16:04:15Z
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Dutch, Germans to send 3 Patriot missile defence systems to Slovakia | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: A man fills fuel at a service station during a significant increase in the price of energy in Madrid, Spain, March 8, 2022. REUTERS/Juan Medina
ROME (Reuters) – The European Union’s southern countries called on Friday for the bloc to adopt common energy policies in the face of surging prices and the need to reduce dependency on Russia following its invasion of Ukraine.
With European energy prices soaring since Russia’s Feb. 24 invasion of its neighbour, Draghi said “a common management of the energy market would benefit everyone,” calling for common storage and purchase mechanisms in the 27-nation bloc.
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2022-03-18T16:04:22Z
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Europe’s southern states call for common EU energy policies | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: Elvira Nabiullina, Governor of Russia's Central Bank, speaks during an interview in Moscow, Russia, June 27, 2019. REUTERS/Evgenia Novozhenina
(Reuters) – The introduction of capital controls in Russia was a forced decision, the central bank governor Elvira Nabiullina said on Friday, after keeping its key interest rate unchanged at 20%.
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2022-03-18T16:04:37Z
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Russian capital control decision was a forced move, cenbank says | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Horse Racing - Cheltenham Festival - Cheltenham Racecourse, Cheltenham, Britain - March 18, 2022 Rachael Blackmore celebrates with the trophy after winning the 15:30 Boodles Cheltenham Gold Cup Chase ridding A Plus Tard REUTERS/Molly Darlington
(Reuters) -Rachael Blackmore became the first female jockey to win the Cheltenham Gold Cup with a storming finish on 3-1 favourite A Plus Tard on Friday to continue her incredible run of success.
Jumping the last fence level with last year’s winner Minella Indo, A Plus Tard galloped away to win by 15 lengths in front of a roaring crowd enjoying the Spring sunshine.
Last year’s Cheltenham Festival was held in front of empty stands because of COVID-19 restrictions but the usual 70,000 attendance returned and they were treated to a piece of racing history.
“I can’t believe it. I am so lucky to get to ride all these horses. You can’t do it without these horses. Being attached to Henry’s yard is unbelievable. I don’t know what to say,” the 32-year-old daughter of a dairy farmer said.
“I wouldn’t swap the Grand National for anything but this is the Gold Cup. I wish I had something better to say but I just can’t! I can’t explain how lucky I feel.”
“It was incredible. I’m delighted — Rachael was brilliant on him. I’m delighted with Minella Indo too — he ran an absolute blinder as well,” he told the BBC.
“Rachael was so brave with the way she went about it. She was just amazing on him. It does feel different this year. It’s the crowd. It’s incredible. It was amazing to win it last year but it’s triple amazing this year.”
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2022-03-18T17:35:28Z
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WASHINGTON (Reuters) – Two U.S. House Democratic lawmakers on Friday asked Hertz Global Holdings, and Avis Budget Group to answer questions about rising rental car prices and higher industry profits.
Representative Raja Krishnamoorthi, chairman of the Subcommittee on Economic and Consumer Policy, and Representative Katie Porter said both rental car firms appear to have used their market position to raise prices as expenses fell. They said in a statement they want “documents and information from both companies explaining the increases in rental car prices despite falling costs, as well as a list of any known investigations into these price increases.”
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2022-03-18T17:35:58Z
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Two lawmakers want Hertz, Avis to answer questions on rising U.S. rental prices | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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ROME (Reuters) -Italy’s public authorities must replace antivirus software that is linked to Russia to prevent any disruption of services due to the ongoing Ukrainian conflict, a draft decree seen by Reuters said on Friday.
The move comes as Italy’s data regulator starts a probe into potential privacy risks connected to the use of software provided by Russia-based Kaspersky Lab, amid growing concerns over potential cybersecurity attacks.
Kaspersky said in an e-mailed statement to Reuters that the company had received the Italian regulator’s request and it was available to respond to any concerns it may have.
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2022-03-18T19:07:08Z
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Italian public sector told to replace antivirus software linked to Russia | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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(Reuters) -Roger Federer said he will donate $500,000 to aid children affected by the war in Ukraine, while the United States Tennis Association (USTA) said it would donate a percentage of ticket revenue from their Billie Jean King Cup tie against Ukraine to a relief fund.
(Reporting by Rohith Nair in Bengaluru, additional reporting by Aadi Nair;Editing by Christian Radnedge)
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2022-03-18T19:07:40Z
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Tennis-Federer to donate $500,000 to support Ukrainian children | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: An emblem is displayed on the gate of the Russian Embassy in London, Britain, February 12, 2022. REUTERS/May James
(Corrects paragraph 8 to indicate that U.S. bankruptcy is primarily civil, not purely civil)
(Reuters) -As foreign companies seek to exit Russia over the war in Ukraine, they face the prospect that Russian bankruptcy law could be used to seize assets and even lead to criminal penalties.
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2022-03-18T20:38:31Z
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Exclusive-Veon employees in bomb shelters keep Ukraine’s biggest mobile network up -CEO
FILE PHOTO: The logo of Kyivstar, one of Ukraine's largest telecoms company, is pictured at the company's headquarters in Kyiv, Ukraine, March 3, 2016. REUTERS/Gleb Garanich/File Photo
STOCKHOLM/AMSTERDAM (Reuters) – Thousands of telecom operator Veon employees are working from bomb shelters in Ukraine and moving equipment to border areas to maintain a digital lifeline for refugees fleeing the war, the company’s chief executive said on Friday.
Their work has helped some 85% of Veon’s telecom network remain operational in Ukraine since Russia’s Feb. 24 invasion, Veon CEO Kaan Terzioglu said in an exclusive interview with Reuters. But further risks loom both from electricity shortages and the conflict itself.
Amsterdam-listed Veon operates Ukraine’s biggest cell phone provider under the name Kyivstar with 4,000 employees and a 25% market share.
Employees “are practically working out of shelters and the moment they have the opportunity, they go out to the field to do maintenance,” Terzioglu said.
The parts of the network which are not working were mostly because of loss of power and are not being targeted by Russian forces, he said. Getting these parts back up required workers to run gasoline to generators, which Terioglu described as “one of the most logistically heavy jobs that our people are trying to do.”
Russia’s attack, which Moscow calls a “special operation” to demilitarize the country, has killed hundreds of civilians, reduced city areas to rubble and sparked a humanitarian crisis. Russia denies targeting civilians in the country of about 44 million.
Apart from opening up its offices as refugee shelters, Veon has also topped up mobile accounts without charge, said Terzioglu, who became Veon’s group CEO last July. In his previous job as Turkcell CEO he grappled with the Syrian refugee crisis.
Veon has also received support from American, Chinese and European companies in the tech and telecom industry. While operators such as Orange, Tele2 and Vodafone have waived off interconnection and roaming charges, equipment makers such as Huawei and ZTE have been helping in network maintenance. These and companies including Ericsson, Nokia, Microsoft Corp, and Oracle Corp have made a “heroic effort” to keep the networks running, Terzioglu said.
Terzioglu said Fridman, who resigned from Veon’s board Feb. 28 and LetterOne’s board on March 3, now “has no economic interest in LetterOne.”
LetterOne, which did not respond to a request for comment, said March 3 that Fridman’s assets had been frozen and he had been stripped of shareholder rights.
“We will do our best to position it as a service that is essential,” he said.
Veon also faces financial worries, with its shares down 56% in the year to date, and its U.S. dollar denominated debt – $5.4 billion worth at the end of 2021 – trading at distressed levels.
On March 4, Fitch downgraded the company’s credit ratings to junk status, saying that together Russia and Ukraine accounted for 62% of 2021 earnings before interest, taxes, depreciation and amortization (EBITDA) of $3.3 billion.
“Having them organized gives us the opportunity to explain why they should not be worried, and that we are well funded in terms of meeting our obligations,” he said.
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2022-03-18T22:09:39Z
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(Reuters) – Mexican airport operator Grupo Aeroportuario del Pacifico said on Friday it has refinanced its debt for $191 million, due in January and February 2024.
“The new loan has a 48-month term from the date of its disbursement, which will take place on March 31, 2022,” the company said, adding that the interest will be paid monthly at a fixed annual rate of 2.45%, with a structuring fee of 20 basis points.
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2022-03-18T22:09:47Z
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Grupo Aeroportuario del Pacifico says has refinanced its debt for $191 million | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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GM buys SoftBank Vision Fund’s stake in Cruise for $2.1 billion
By David Shepardson and Aishwarya Nair
WASHINGTON (Reuters) -General Motors said on Friday it will acquire SoftBank Vision Fund’s equity stake in the U.S. automaker’s self-driving car subsidiary Cruise for $2.1 billion, expanding GM’s stake to 80%.
Last month, Barra downplayed the need for a quick Cruise public offering. “There’s still so much that can be accomplished with a frictionless environment between Cruise and GM,” she said.
SoftBank’s 2018 agreement committed it to investing another $1.35 billion when Cruise vehicles were ready for commercial deployment. “For GM it means they get more ownership in an exciting part of the GM story,” said David Whiston, Morningstar auto analyst.
Going public would be “a major distraction, especially right now,” he said, adding he wanted the company focused on scaling up a driverless ride-hail service launched in San Francisco.
GM spokesman David Caldwell said the deal showed GM’s belief in Cruise and simplified the ownership structure. He said that other shareholders in Cruise including Microsoft, Walmart and Honda had technology partnerships, such as a delivery project with Walmart.
“GM is leveraging the strength of its balance sheet to capitalize on the opportunity to increase its equity investment in Cruise and advance our integrated autonomous vehicle strategy,” Barra said in a statement.
SoftBank’s pledge in 2018 to invest $2.25 billion in Cruise was seen as a validation of GM’s leadership in the new technology of self-driving cars and the relatively high cost of GM’s initial purchase, estimated at $1 billion.
(Reporting by David Shepardson in Washington, Hyunjoo Jin in San Francisco and Ben Klayman in Detroit and Aishwarya Nair in Bengaluru; Editing by Shailesh Kuber and David Gregorio)
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2022-03-18T23:41:01Z
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GM buys SoftBank Vision Fund’s stake in Cruise for $2.1 billion | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: Ships are seen near the Azov Sea port of Mariupol, Ukraine December 2, 2018. REUTERS/Gleb Garanich/File Photo
(Reuters) – Ukraine’s defence ministry said late on Friday it lost access to the Sea of Azov “temporarily” as invading Russian forces were tightening their grip around the Sea’s major port of Mariupol.
Russia said on Friday its forces were “tightening the noose” around Mariupol, where an estimated 80% of the city’s homes had been damaged more some 1,000 people may still be trapped in makeshift bomb shelters beneath a destroyed theatre..
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2022-03-19T04:15:27Z
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Ukraine ‘temporarily’ loses access to Sea of Azov – Defence Ministry | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermid/File Photo/File Photo
“We believe that the Superior Court got this wrong, and its oral ruling did not seem to consider the detailed allegations in the complaint and a recent decision of a federal court to allow a nearly identical lawsuit to move forward,” the Office of the Attorney General spokesperson said in an emailed statement, adding that the office was considering its legal options.
Racine alleged the online retailer’s policy could make prices for a given product more expensive on platforms that compete with Amazon, since its prices include fees that can run as high as 40% of the total price.
Amazon on Thursday closed a $8.5 billion deal to buy MGM, combining the fabled moviemaker behind “Rocky” and James Bond with the Seattle-based retailing giant as it looks to draw consumers through more streaming video.
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2022-03-19T07:17:58Z
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U.S. court dismisses D.C. antitrust lawsuit against Amazon | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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ECB’s Holzmann argues again for rate rise – paper
ZURICH (Reuters) – European Central Bank (ECB) policymaker Robert Holzmann told an Austrian newspaper that the bank could send a clear message about fighting inflation by raising interest rates before ending its stimulus programme of bond purchases.
Holzmann, governor of Austria’s central bank, supports the majority decision of the ECB, the Krone paper cited him as saying, but he added: “The system of bond purchases is difficult for the population to understand. An interest rate increase would have been a signal that everyone would have understood.”
Holzmann had also challenged the bank’s long-held view about the sequencing of its policy moves last month.
He said in the Krone interview published on Saturday that the euro zone economy would have been on a “wonderful growth path” if not for the war in Ukraine.
Asked if he was worried about the high level of debt in some countries, he said: “This topic is taken very seriously by the Euro Group but, as is known, there are different ways of looking at it.”
“This transition, even more so in the middle of a crisis, costs money. A lot of money. It makes sense to develop new renewable energy sources, but it does not come for free,” he said.
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2022-03-19T10:20:24Z
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ECB’s Holzmann argues again for rate rise – paper | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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(Reuters) – Reigning world champion Fabio Quartararo dominated a chaotic Indonesia Grand Prix qualifying session to take pole position in Mandalika on Saturday as MotoGP returned to the country for the first time in a quarter of a century.
Quartararo’s title defence got off to a miserable start at the season-opener in Qatar, where he qualified 11th and finished the race in ninth, but the 22-year-old put his Yamaha on top with a time of 1 minute and 31.067 seconds.
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2022-03-19T10:20:40Z
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Motorcycling-Quartararo on pole for Indonesia GP, Marquez 15th after two crashes | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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(Reuters) – Marco Odermatt claimed his 11th World Cup victory when he prevailed in the final giant slalom of the season in Courchevel, France, on Saturday.
The Swiss, who had already bagged the discipline’s World Cup title and the Alpine skiing overall World Cup trophy, has won five of the eight giant slaloms of the season, as well as the Olympic event.
Norway’s Lucas Braathen was second, 0.49 seconds behind, with Switzerland’s Loic Meillard coming home third, 0.63 off the pace.
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2022-03-19T14:54:30Z
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Alpine skiing-Odermatt caps remarkable season with final giant slalom win | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Alpine skiing-Slokar wins season’s final giant slalom
(Reuters) – Slovenia’s Andreja Slokar won her second World Cup race when she prevailed in the final giant slalom of the season in Courchevel, France, on Saturday.
The 24-year-old, who also won a parallel slalom in Zuers, Austria, this season clocked a combined best time of one minute 36.54 seconds thanks to a great second run, to beat Germany’s Lena Duerr by 0.48 seconds.
Slovakia’s Petra Vhlova, who had already bagged the discipline’s World Cup title, took third place, 0.81 off the pace.
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2022-03-19T14:54:37Z
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Alpine skiing-Slokar wins season’s final giant slalom | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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TOKYO (Reuters) – Norway’s sovereign wealth fund, the world’s largest, voted in favour of a shareholder proposal requesting Toshiba Corp solicit buyout offers from private equity firms ahead of an extraordinary meeting on March 24.
The fund voted against the Japanese industrial conglomerate’s plan to break itself up by spinning off its devices business, a voting record showed.
Even though their stakes are small, support from such prominent institutional investors for 3D’s proposal could add momentum to activist shareholder demands that the board fully explore alternatives to the break-up.
Earlier this week, one of Toshiba’s external board directors said he would back 3D’s proposal, breaking ranks with the public stance of the company board’s.
Toshiba has said there is no change in the board’s opinion in opposing the shareholder proposal and that it will continue to make every effort to gain shareholder support for the break-up plan.
Glass Lewis, an influential proxy advisory firm, has backed 3D’s proposal but rival Institutional Shareholder Services has not recommended voting for it even though it is opposed to the spin-off plan.
Explaining the rational for its vote, Norway’s fund – operated by Norges Bank Investment Management (NBIM) – said it considers such factors as whether there is sufficient transparency and whether all shareholders are treated equitably when evaluating corporate transactions.
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2022-03-19T14:54:52Z
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Norway sovereign wealth fund backs call for Toshiba to solicit buyout offers | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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LVIV, Ukraine (Reuters) – Ukraine may not produce enough crops to export if this year’s sowing campaigns are disrupted by Russia’s invasion, presidential adviser Oleh Ustenko said in a televised interview on Saturday.
“Ukraine has enough grain and food reserves to survive for a year, but if the war continues … (Ukraine) will not be able to export grain to the world, and there will be problems,” he said, adding that Ukraine is the world’s fifth-largest wheat exporter.
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2022-03-19T14:55:08Z
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War could halt crop exports from Ukraine, says presidential adviser | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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MANILA (Reuters) – The Philippines’ presidential candidates debating on Saturday agreed on at least one thing and that was the need to hold social media firms liable for the spread of disinformation as the country prepares for elections on May 9.
Representatives for Meta Platforms’ Facebook, Alphabet’s YouTube, Twitter and TikTok, all popular social media platforms in the Philippines, did not immediately respond to requests for comment.
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2022-03-19T16:26:08Z
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Philippines presidential hopefuls say social media platforms should be held accountable | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: A view shows a plant of PepsiCo company in Azov in the Rostov region, Russia March 9, 2022. REUTERS/Sergey Pivovarov
(This 18 Mar story corrects paragraph 12 to show that Bayer does not maintain production facilities in Russia)
(Reuters) – Western companies that maintain a presence in Russia to provide essential goods such as food and medicines are trying to strike a balance between President Vladimir Putin’s government and advocates of Ukraine pulling them in opposite directions.
Many U.S.-based pharmaceutical companies say they do not make drugs in Russia, but some European peers, including Switzerland’s Novartis SA, maintain manufacturing plants in the country.
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2022-03-19T17:57:16Z
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Western companies wrestle with Russia ‘half-exits’ | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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SANREMO, Italy (Reuters) – Slovenian Matej Mohoric stunned the pre-race favourites to win the Milan-Sanremo Monument classic following a perfect attack on the last descent on Saturday.
France’s Anthony Turgis came home second after jumping away from the chasing pack, while Dutch Mathieu van der Poel, in his first road race of the season, took third place.
“I worked all winter for this, I knew it could be my day. I took risks in the descent,” said Mohoric after the 293 kilometres of the longest professional race of the season.
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2022-03-19T17:57:24Z
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Cycling-Mohoric stuns favourites to win Milan-Sanremo | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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BERN (Reuters) – Ukrainian President Volodymyr Zelenskiy urged Switzerland on Saturday to crack down on Russian oligarchs who he said were helping to wage war on his country from the safety of “beautiful Swiss towns”.
Asked to comment on Zelenskiy’s remarks, a Nestle spokesperson said the company fully complies with all sanctions and had scaled back its operations in Russia, including stopping all imports and exports of non-essential food items.
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2022-03-19T17:57:54Z
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Ukraine’s Zelenskiy urges Swiss to crack down on Russian oligarchs | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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WASHINGTON (Reuters) – The International Monetary Fund’s executive board will meet on March 25 to discuss Argentina’s request for a debt deal, an IMF spokesman said on Saturday.
The deal still needs to be signed off by the IMF’s board. The IMF spokesman, Gerry Rice, said in a statement that “the legislative approval is an important signal that Argentina is committed to policies that will encourage more sustainable and inclusive growth.”
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2022-03-19T19:29:01Z
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IMF board to meet March 25 over Argentina debt deal: statement | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: A view of a room in a residential building damaged by shelling, as Russia's invasion of Ukraine continues, in Kyiv, Ukraine, March 18, 2022. REUTERS/Mykola Tymchenko
LVIV, Ukraine (Reuters) – Kyiv city authorities on Saturday said 228 people had been killed in the capital since Russia’s invasion of Ukraine began, including four children.
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2022-03-19T19:29:09Z
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Kyiv says 228 killed in capital since start of war, including four children | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: People check their luggage as they wait to board a coach to be evacuated abroad, amid Russia's invasion of Ukraine, in Odessa, Ukraine March 18, 2022. REUTERS/Igor Tkachenko
(Reuters) – A total of 6,623 people were evacuated from Ukrainian cities through humanitarian corridors on Saturday, a senior official said, considerably fewer than managed to escape the previous day.
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2022-03-19T21:00:17Z
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Ukraine says 6,623 people were evacuated from cities on Saturday | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Australian PM Morrison’s party faces shock state election loss
(Reuters) – Prime Minister Scott Morrison’s Liberal Party has lost power in the state of South Australia in a shock election defeat that raises concerns for the federal government which has to face national polls in about two months.
Morrison’s Liberal Party at both state and federal level have come under pressure in recent months over its handling of the latest wave of the COVID-19 pandemic, as cases and deaths soared following the arrival of the Omicron variant.
Labor has led Morrison’s conservative coalition in successive opinion polls this year.
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2022-03-19T22:31:24Z
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Australian PM Morrison’s party faces shock state election loss | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Soccer-Terry backs ‘True Blues’ consortium’s bid to secure 10% stake in Chelsea
LONDON (Reuters) – John Terry will attempt to help protect Chelsea’s “history and heritage” by joining the True Blues consortium in their bid to buy a 10% stake in the Premier League club, which will be used to represent the fans, the former captain said on Saturday.
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2022-03-19T22:31:39Z
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Soccer-Terry backs ‘True Blues’ consortium’s bid to secure 10% stake in Chelsea | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: Ships wait to be loaded at the Rio Tinto alumina refinery in Gove, also known as Nhulunbuy, located 650 km (404 miles) east of Darwin in Australia's Northern Territory July 16, 2013. Picture taken July 16, 2013. REUTERS/David Gray
(Reuters) – Australia has imposed an immediate ban on exports of alumina and aluminum ores, including bauxite, to Russia, the government said on Sunday as part of its ongoing sanctions against Moscow for its invasion of Ukraine.
Anglo-Australian mining giant Rio Tinto owns an 80% stake in Queensland Alumina Ltd (QAL) in a joint venture with Russia’s Rusal International PJSC, the world’s second-largest aluminum producer.
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2022-03-20T00:02:46Z
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Australia bans alumina exports to Russia, sources coal for Ukraine | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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LONDON (Reuters) – The UFC returned to London on Saturday but it was two Liverpool fighters who stole the show, as Paddy Pimblett and Molly McCann pulled off brilliant wins to electrify the crowd at the O2 Arena in the capital for the first time in three years.
Having not staged an event in London since March 16, 2019, Saturday’s card was a triumphant return for the UFC, which abruptly cancelled a planned event in March 2020 as the COVID-19 pandemic began to sweep around the world.
(Reporting by Philip O’Connor; Editing by Hugh Lawson)
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2022-03-20T00:02:54Z
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Mixed Martial Arts-Scousers grab the limelight as UFC returns to London | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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ROME (Reuters) – Pope Francis on Saturday made a surprise visit to young Ukrainian war refugees being treated in a paediatric hospital in Rome.
“The blood and tears of children, the suffering of women and men who are defending their land or fleeing from bombardments shakes our conscience,” Francis said in a message to a Church conference in Slovakia on Friday.
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2022-03-20T00:03:02Z
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Pope visits Ukrainian children war refugees in Rome hospital | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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(Reuters) – Honda’s six-times MotoGP champion Marc Marquez will not race at the Indonesia Grand Prix later on Sunday after being ruled unfit due to a concussion following a crash during the warm-up session, organisers said.
The 29-year-old had already crashed twice during qualifying on Saturday. He was due to start from 14th on the grid after moving up a spot following Franco Morbidelli’s three-place grid penalty.
Reigning world champion Fabio Quartararo will start from pole in Indonesia’s first MotoGP race since 1997.
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2022-03-20T09:11:17Z
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Motorcycling-Marquez to miss Indonesia Grand Prix after warm-up crash | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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DILI (Reuters) – Independence leader and Nobel laureate, Jose Ramos-Horta, and incumbent leader Francisco Guterres have emerged as the early frontrunners in East Timor’s presidential election, official data showed.
With more than 33% of the vote counted on Sunday afternoon, a day after the nation went to the polls, data from East Timor’s Technical Secretariat for Election Administration showed Ramos-Horta in the lead with 44.5%.
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2022-03-20T09:11:32Z
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Ramos-Horta, Guterres early frontrunners in East Timor election | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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(Reuters) – Pakistan and Australia head into a winner-take-all third and final test from Monday as test cricket returns to Lahore’s Gaddafi Stadium for the first time since the 2009 attack by gunmen on a bus carrying the Sri Lankan cricket team.
“It’s a different feeling to play in front of a home crowd, at my home ground. I can’t explain this feeling,” Babar told reporters on Sunday, adding that it will be a proud moment for the country and his team if they can win the series.
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2022-03-20T10:42:16Z
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Cricket-Pakistan, Australia vie for series win as test returns to Lahore | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: Germany's Finance Minister Christian Lindner holds a news conference on German budget plans in Berlin, Germany March 16, 2022. REUTERS/Lisi Niesner/File Photo
FRANKFURT (Reuters) – Germany’s finance minister has called for fresh talks over a free trade agreement between the European Union and the United States, a newspaper reported on Sunday, aiming to revive discussions halted by former U.S. President Donald Trump.
“The current crisis shows the United States and Germany, and the European Union, are indispensable partners,” it added.
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2022-03-20T12:13:46Z
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Germany calls for new talks on transatlantic trade deal | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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KARACHI, Pakistan (Reuters) – An $11 billion penalty against Pakistan will be waived under a deal with Barrick Gold to restart the Reko Diq gold and copper mining project, Pakistan’s Finance Minister Shaukat Tarin said on Friday.
A World Bank arbitration court had ruled in favour of Tethyan Copper, a joint venture between Chile’s Antofagasta Plc and Canada’s Barrick Gold over a lease to the mine, located in a remote area of southwestern Pakistan.
“A $11 billion award on us has been nullified,” Tarin told a news conference, adding that, “Barrick and its partners will invest $10 billion in the mining”.
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2022-03-20T13:45:16Z
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Barrick agrees deal with Pakistan to waive $11 billion penalty and restart Reko Diq | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Margarita Morozova, 87, who survived the siege of Leningrad during World War II, poses for a picture at her apartment as Russia's attack on Ukraine continues, in Kharkiv, Ukraine March 18, 2022. Picture taken March 18, 2022. REUTERS/Vitalii Hnidyi
KHARKIV, Ukraine (Reuters) – A lifetime ago and 1,400 km away, Margarita Morozova lived through the World War Two siege of Leningrad. Now the 87-year-old Ukrainian finds herself once more in a city under attack.
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2022-03-20T13:45:23Z
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From Leningrad to Kharkiv, a life bookended by war and despair | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Czech Crown coins are seen in front of a displayed logo of Czech central bank (CNB) in this picture illustration taken April 1, 2017. REUTERS/David W Cerny/Illustration
PRAGUE (Reuters) – The Czech central bank may discuss whether to use its large foreign exchange reserves to not only stabilise exchange rate fluctuations but also for fighting inflation, central bank Governor Jiri Rusnok said on Sunday.
The bank started buying crowns in the market on March 4 to halt a drop in the currency caused by investor flight after Russia’s attack on Ukraine.
Rusnok, however, said on Sunday the bank may discuss further using its large reserves accumulated in 2013-2017 — when the bank intervened to weaken the currency — to help bring inflation under control.
“Now we have to talk further about further steps, whether we perhaps want to temporarily strengthen the crown not only for the reason of stability, but perhaps also to actively use the exchange rate as an anti-inflationary tool,” he said.
“But it is necessary to lead a debate on that and it is quite a complicated issue. But I cannot exclude it for myself.”
It held 157.46 billion euros in foreign exchange reserves as of the end of February, equal to about two thirds of the country’s gross domestic product.
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2022-03-20T15:16:38Z
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Czech central bank may discuss further use of FX reserves to slow inflation | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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