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SEC probes B. Riley deals with client tied to failed hedge fund – Bloomberg News

(Reuters) -U.S. authorities are investigating B. Riley Financial’s deals with a client who was linked to a securities fraud, and the use of his assets to help the investment bank obtain a loan from Nomura Holdings, Bloomberg News reported. B. Riley said in a statement that it was unaware of any SEC investigation regarding any …

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Factbox-Shipping firms react to Houthi attacks in the Red Sea

(Reuters) -Iranian-backed Houthi militants in Yemen have stepped up attacks on vessels in the Red Sea, impacting a shipping route vital to East-West trade. In response, some shipping companies have instructed vessels to instead sail around southern Africa, a slower and therefore more expensive route. The U.S. and Britain launched dozens of air strikes against …

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SolarEdge to lay off 16% of workforce to trim operating costs

(Reuters) -SolarEdge Technologies said on Sunday it would lay off about 16% of its global workforce in an attempt to reduce operating costs. The job cuts, which would affect roughly 900 employees, came after SolarEdge discontinued manufacturing in Mexico, reduced capacity in China, and terminated light commercial vehicle e-mobility activity. Costs related to these actions …

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Israeli plan to destroy Hamas not working, peace talks needed -EU’s Borrell

By Andrew Gray BRUSSELS (Reuters) – Israel’s plan to destroy Islamist Palestinian group Hamas in Gaza is not working and the European Union must pursue efforts to create a “two-state solution” despite Israeli opposition, EU foreign policy chief Josep Borrell said on Monday. Israeli Prime Minister had on Sunday reaffirmed a hard line against any …

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Biden challenger Phillips, in New Hampshire, calls president ‘weak’

By Steve Holland NASHUA, New Hampshire (Reuters) -U.S. Representative Dean Phillips, attempting a longshot bid for the Democratic nomination, assailed Joe Biden as “unelectable and weak” on Saturday as he tried to take advantage of the president’s absence from New Hampshire’s primary. Biden did not register for the New Hampshire after national Democrats opted to …

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Europe, Africa crude market tightens on Red Sea disruptions, China demand

By Alex Lawler, Robert Harvey and Natalie Grover LONDON (Reuters) -The Brent crude market structure and some physical markets in Europe and Africa are reflecting tighter supply resulting partly from concern about shipping delays due to vessels avoiding the Red Sea, according to traders, LSEG data and analysts. The disruptions have combined with other factors …

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Ron DeSantis ends 2024 campaign, endorses Trump over Haley as New Hampshire vote looms

By Gram Slattery, James Oliphant and Nathan Layne SEABROOK, New Hampshire (Reuters) -Florida Governor Ron DeSantis ended his fading presidential campaign on Sunday and endorsed Donald Trump just two days before the pivotal New Hampshire primary, leaving former U.N. Ambassador Nikki Haley as Trump’s last long-shot challenger for the Republican nomination. DeSantis’ decision, less than …

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China defies sanctions to make Russia its biggest oil supplier in 2023

By Andrew Hayley BEIJING (Reuters) -Russia leapfrogged Saudi Arabia to become China’s top crude oil supplier in 2023, data showed on Saturday, as the world’s biggest crude importer defied Western sanctions to purchase vast quantities of discounted oil for its processing plants. Russia shipped a record 107.02 million metric tons of crude oil to China …

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