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Oil drops nearly 4% as recession fears outweigh US inventory draw

(Refiles to fix formatting) By Laila Kearney NEW YORK (Reuters) – Oil prices dropped by almost 4% on Wednesday, extending the previous session’s sharp losses, even after a report showed U.S. crude inventories fell more than expected, as recession fears grew for the world’s biggest economy. Brent crude settled at $77.69 a barrel, losing $3.08, …

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UK blocks Microsoft’s $69 billion Activision deal over cloud gaming concerns

By Paul Sandle LONDON (Reuters) – Britain will block Microsoft’s $69 billion acquisition of “Call of Duty” maker Activision Blizzard over concerns it would hinder competition in cloud gaming, dealing an unexpected blow to the biggest-ever deal in gaming. The country’s antitrust regulator said on Wednesday that Microsoft’s commitment to offer access to Activision’s multi-billion …

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US confirms second American death in Sudan, seeks extended ceasefire

WASHINGTON (Reuters) -A second American has died in Sudan, the White House said on Wednesday, and U.S. authorities are helping a small number of citizens seeking to leave the country during a ceasefire that has curbed fighting. While sporadic violence continues, the ceasefire announced by the United States on Monday appears to be holding, White …

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Japan’s ispace says moon lander unexpectedly accelerated and likely crashed

By Kantaro Komiya and Joey Roulette (Reuters) -Japan’s ispace inc said its attempt to make the first private moon landing had failed after losing contact with its Hakuto-R Mission 1 (M1) lander when it unexpectedly accelerated and probably crashed on the lunar surface. The startup said it was possible that as the lander approached the …

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UK warns China secrecy over military expansion risks ‘tragic miscalculation’

By Andrew MacAskill LONDON (Reuters) -British foreign minister James Cleverly urged China to be more open about what he called the biggest military build-up in peacetime history and said secrecy around its plans could lead to a “tragic miscalculation”. Relations between Britain and China are the worst in decades after London restricted Chinese investment over …

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