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Stellantis sees car price pressure ahead as profit beats forecasts

By Giulio Piovaccari and Nick Carey MILAN (Reuters) -Fiat, Ram and Peugeot maker Stellantis beat profit forecasts on Wednesday due to strong car prices and greater-than-expected merger benefits, but warned of pricing pressure as industry-wide supply chain problems ease. Automakers globally have been hit by several supply problems stemming from the global coronavirus pandemic, with …

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China deepens ties with Russia as Biden rallies NATO over Ukraine

By Guy Faulconbridge and Nandita Bose MOSCOW/WARSAW (Reuters) -China pledged to deepen cooperation with Russia on Wednesday while U.S. President Joe Biden discussed security with leaders of NATO’s eastern flank, highlighting geopolitical tensions as the anniversary of Russia’s invasion of Ukraine approaches. Within Ukraine, schools took their classes online for the rest of the week …

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Indian rupee’s expected volatility at 7-mth low, tracking narrow spot range

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee’s expected volatility against the dollar over the next one month hit its lowest level in almost seven months on Tuesday, tracking the currency’s recent narrow trading range and on expectations of the central bank’s continued support. The rupee’s one-month at-the-money volatility was quoting at 4.50/4.80%, near …

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Winter storm threatens record snowfall in parts of US

By Brendan O’Brien CHICAGO (Reuters) -A winter storm spreading across the U.S. West into the Northern Plains and Midwest on Tuesday could produce blizzards, brutal cold, and record snowfall, making roads treacherous and disrupting air travel. The National Weather Service issued winter storm, blizzard and high-wind advisories for large parts of the western and north-central United …

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Liberal, conservative advance in Wisconsin Supreme Court race with abortion rights at stake

By Joseph Ax (Reuters) -A liberal and a conservative won Tuesday’s nominating contest for a pivotal seat on Wisconsin’s Supreme Court, setting up a one-on-one clash in April with major consequences for abortion rights, control of the state government and possibly the 2024 presidential election. Janet Protasiewicz, a liberal Milwaukee judge who has spoken favorably …

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U.S. Supreme Court torn over challenge to internet firms’ legal shield

By Andrew Chung and John Kruzel WASHINGTON (Reuters) -U.S. Supreme Court justices on Tuesday expressed uncertainty over whether to narrow a legal shield protecting internet companies from a wide array of lawsuits in a major case involving YouTube and the family of an American student fatally shot in a 2015 rampage by Islamist militants in …

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Judge asks if Musk’s $56 billion Tesla pay hangs on a legal ‘kill shot’

By Tom Hals WILMINGTON, Del. (Reuters) -A trial challenging Elon Musk’s $56 billion pay at Tesla Inc may hang on whether a single material misleading disclosure to shareholders would void the compensation plan, which the judge hearing the dispute called “a kill shot.” At Tuesday’s closing arguments in a Delaware court, a judge pressed lawyers …

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