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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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South Korean regulator names foreign firms fined for naked short-selling

SEOUL (Reuters) -South Korea’s financial regulator said on Thursday it imposed fines on five foreign firms in December for violation of naked short-selling rules in the local stock market. Naked short-selling of stocks – in which an investor short sells shares without first borrowing them or determining they can be borrowed – is banned by …

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