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Ukraine’s allies must intensify support to break ‘ossification’ of front line – Britain

WASHINGTON (Reuters) -Ukraine’s allies must intensify their military support to Kyiv to help them break a hardening of the front lines and avoid a devastating, prolonged, World War One-style battle of attrition, Britain’s foreign minister said on Tuesday. “We have started to see a slowing — an ossification — of the line of contact,” James …

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California rainstorm death toll reaches 20, Biden plans visit

By Daniel Trotta (Reuters) – The parade of atmospheric rivers that pounded California for three weeks finally faded on Monday, enabling the state to begin lengthy repairs to roads and levees as the White House announced President Joe Biden planned to survey the damage. The nine consecutive rainstorms that inundated California in succession since Dec. …

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Cryptoverse: Bitcoin is back with a bonk

By Medha Singh and Lisa Pauline Mattackal (Reuters) – Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new meme coin. The No.1 cryptocurrency has clocked a 26% gain in January, leaping 22% in the past week alone, breaking back above the $20,000 level and putting …

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Tech bosses could face jail after UK govt backs down over online harm

By Andrew MacAskill and Paul Sandle LONDON (Reuters) – Tech bosses could be jailed in Britain if their platforms fail to protect children from online harm after the government agreed to toughen a proposed law to avoid the prospect of a first parliamentary defeat for the prime minister. Rishi Sunak faced losing a vote in …

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Russian anti-monopoly agency fines Apple $17 million – TASS

(Reuters) – Russia’s federal anti-monopoly service (FAS) fined Apple about $17.4 million, the regulator said on Tuesday, over what it said was the U.S. company’s abuse of its dominant market position. In a statement, the regulator said it had previously found that Apple forced Russian developers to use Apple’s payment services with the iOS App …

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India’s market regulator proposes separating brokers from investors’ money

By Jayshree Pyasi MUMBAI (Reuters) – India’s capital market regulator has proposed discontinuing the current practice of an advance transfer of funds to stockbrokers before secondary market trades are executed. Such a move will prevent misuse of client funds, brokers’ defaults and the consequent risk to investors’ capital, the regulator said in a discussion paper …

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U.S. dollar falters vs major currencies as sterling gains; yen in spotlight

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell against most major currencies on Tuesday in choppy trading, weighed down by expectations of a possible policy shift at the Bank of Japan (BOJ) that could end its so-called “yield curve control” and be a precursor to adopting a tighter monetary stance. The expectations have …

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Oil prices settle higher on hopes of China demand rebound

By Laura Sanicola (Reuters) -Oil prices settled higher on Tuesday in choppy trading after China posted weak but expectation-beating annual economic growth data and on hopes that a recent shift in its COVID-19 policy will boost fuel demand. Brent crude futures settled up $1.46, or 1.7%, to $85.92 while U.S. West Texas Intermediate (WTI) crude …

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Gold prices fall from multi-month highs

By Seher Dareen (Reuters) – Gold prices on Tuesday fell from a more than eight-month peak hit in the previous session on hopes that the U.S. Federal Reserve would adopt a less aggressive approach to rate hikes going forward. Spot gold fell 0.7% to $1,904.87 per ounce by 1:42 p.m. ET (1842 GMT), after hitting …

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Republican candidate arrested in shootings of Democrats’ homes in New Mexico

By David Shepardson (Reuters) – An unsuccessful Republican state House candidate in New Mexico was arrested on Monday and accused of orchestrating recent shootings at four local elected officials’ homes, the Albuquerque Police Department said. Police said on Monday they had arrested Solomon Pena, 39, and accused him of conspiring with, and paying, four other …

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