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Democratic-led states could face tougher legal pathway to challenge Trump’s policies

By Nate Raymond (Reuters) – Democratic-led states that have vowed to challenge President-elect Donald Trump’s initiatives will face a tough legal landscape after his first-term appointments reshaped the judiciary, not only giving the U.S. Supreme Court a conservative supermajority but also diluting liberal judges’ influence on a key appeals court that often stymied his agenda. …

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Denmark issues construction permit for 240 MW offshore wind farm

By Nora Buli OSLO (Reuters) – The Danish Energy Agency has granted a construction permit for 240-megawatt (MW) Jammerland Bugt offshore wind farm, which is expected to start operating in 2029, developer European Energy said on Tuesday. The project is located in the Bay of Jammerland, on the western side of the island of Zealand. …

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Walmart teams up with delivery firm Meituan in bid to boost China e-commerce sales

By Casey Hall SHANGHAI (Reuters) -Walmart said on Tuesday it had formed a strategic partnership with Meituan under which the Chinese firm has begun providing delivery services for Walmart goods and the U.S. company will be featured on its popular app. The move will help Walmart accelerate its e-commerce business in China, which accounts for …

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Magnitude 7.4 earthquake hits Vanuatu, one reported dead

By Alasdair Pal and Kirsty Needham WELLINGTON (Reuters) -An earthquake of magnitude 7.4 struck Vanuatu’s capital Port Vila on Tuesday, damaging buildings and cars with at least one person reported killed. Vanuatu state broadcaster VBTC showed footage of vehicles crushed in a building collapse on a street lined with retailers. The broadcaster reported one person …

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Trump bump? Fed officials prepare projections into new presidential term

By Ann Saphir WASHINGTON (Reuters) – Since Donald Trump’s election to a second term last month, Federal Reserve policymakers including Chair Jerome Powell have said it is too soon to factor in the U.S. president-elect’s yet-to-be-detailed policies into forecasts. But eight years ago Powell as a Fed governor joined the majority of his colleagues in …

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Gold slips on expectations of a cautious Fed next year

By Daksh Grover (Reuters) – Gold eased on Tuesday, pressured by a firmer U.S. dollar and Treasury yields, as investors looked ahead to the Federal Reserve’s interest rate decision amid expectations it will adopt a cautious approach to monetary policy easing next year. Spot gold was down 0.5% at $2,639.22 per ounce, as of 1055 …

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Soccer-Chelsea confirm Mudryk contacted by FA over adverse sample

LONDON (Reuters) -Chelsea have confirmed that forward Mykhailo Mudryk has been contacted by the Football Association after an adverse finding following a routine anti-doping test. The Premier League club issued a brief statement on Tuesday confirming an investigation into the Ukraine international after the adverse result from a urine sample. “Both the Club and Mykhailo …

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Exclusive-China plans record budget deficit of 4% of GDP in 2025, say sources

(Reuters) -Chinese leaders agreed last week to raise the budget deficit to 4% of gross domestic product (GDP) next year, its highest on record, while maintaining an economic growth target of around 5%, two sources with knowledge of the matter said. The new deficit plan compares with an initial target of 3% of GDP for …

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Kosmos Energy walks away from Tullow Oil acquisition

(Reuters) -U.S. oil and gas firm Kosmos Energy walked away from its pursuit of West Africa-focused Tullow Oil on Tuesday, without specifying any reason for the decision. This came less than a week after the companies announced they were in early talks for a potential deal. Kosmos had a deadline of 5 p.m. London time …

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How would a U.S. bitcoin strategic reserve work?

By Gertrude Chavez-Dreyfuss and Lisa Pauline Mattackal WASHINGTON (Reuters) -Bitcoin hit a record high above $107,000 on Monday after President-elect Donald Trump reiterated plans to create a U.S. bitcoin strategic reserve, stoking the enthusiasm of crypto bulls. Here’s how the plan could work. WHAT IS A STRATEGIC RESERVE? A strategic reserve is a stock of …

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