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South African rand slips as president’s speech fails to buoy markets

JOHANNESBURG (Reuters) -South Africa’s rand weakened on Friday after President Cyril Ramaphosa’s declaration of a “state of disaster” to tackle crippling power shortages in the country failed to elicit investor confidence. Analysts said the president’s response to the crisis did not impress them, with no clear end in sight to the hours of daily power …

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Soccer-Premier League donates one million pounds to earthquake fund

LONDON (Reuters) – The Premier League said on Friday it will be donating one million pounds in response to the devastating earthquakes in Turkey and Syria. “The Premier League is deeply saddened by the devastating earthquakes in Turkey and Syria, which have killed thousands of people,” a statement from England’s top soccer league read. “The League …

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Hanwang, bellwether of Chinese ChatGPT frenzy, under regulatory scrutiny

SHANGHAI (Reuters) – The Shenzhen Stock Exchange said on Friday it had put Hanwang Technology Co Ltd, widely seen as a bellwether of Chinese ChatGPT-concept stocks, on its “focus watch list” following recent “abnormal” gains in its share price. The move comes after Chinese state media on Thursday cautioned against risks in chasing local ChatGPT-concept …

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Finland debates NATO ratification that may leave Sweden behind

By Anne Kauranen and Essi Lehto HELSINKI (Reuters) -Finnish parliamentary groups said on Friday they may ratify NATO’s founding treaties in the coming weeks, a key step that could lead the country to proceed with membership of the Western military alliance ahead of neighbouring Sweden. The two Nordic countries sought NATO membership shortly after Russia’s …

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Institutional investors back Shell board lawsuit over climate risk

By Kirstin Ridley LONDON (Reuters) – A group of European institutional investors is backing a novel London lawsuit against energy giant Shell’s board over alleged climate mismanagement in a case that could have far-reaching implications for how companies tackle emissions. ClientEarth, an environmental law charity turned activist Shell investor, said it had filed a High …

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U.S. may target Chinese entities linked to spy balloon

By Humeyra Pamuk, Michael Martina and Patricia Zengerle WASHINGTON (Reuters) -The United States will explore taking action against entities connected to China’s military that supported the flight of a Chinese spy balloon into U.S. airspace last week, a senior State Department official said on Thursday. Washington is confident that the manufacturer of the Chinese balloon, …

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