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China conducts patrols in South China Sea amid ongoing run-ins

BEIJING (Reuters) -China’s military will conduct routine patrols with its naval and air forces in the South China Sea from Wednesday to Thursday, the military’s Southern Theater Command said, as ongoing tensions simmer in the region over disputed territories. China’s military did not say where exactly the patrols would be held but they were announced …

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Japan says Coast Guard plane apparently not cleared for take-off before runway collision

By Maki Shiraki, Daniel Leussink and Lisa Barrington TOKYO (Reuters) -Japanese authorities said on Wednesday a passenger jet that collided with a Coast Guard turboprop at a Tokyo airport had been given permission to land, but the smaller plane had not been cleared for take-off, based on control tower transcripts. All 379 people aboard the …

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Disney wins activists’ backing in boardroom fight with Peltz

By Svea Herbst-Bayliss (Reuters) -Activist hedge funds ValueAct Capital and Blackwells Capital moved on Wednesday to back Walt Disney Co as it defends itself against a board challenge from a third activist investor, Trian Fund Management. The unusual twist in the battle for Disney’s board underscores the high stakes in the company’s attempted turnaround under …

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Fed minutes cite lower inflation risks, concern about ‘overly restrictive’ policy

By Howard Schneider WASHINGTON (Reuters) -Federal Reserve officials in December launched an expansive debate about a coming turn in U.S. monetary policy, with fresh concerns voiced about how long the economy could hold up under current high interest rates and at least initial discussion about when to halt the rundown of its balance sheet, according …

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Concerns mount over runway technology gap as Japan probes crash

By Tim Hepher, Allison Lampert, David Shepardson and Valerie Insinna PARIS (Reuters) -A runway collision at Tokyo’s Haneda airport has raised concerns over a gap in alerting technology, weeks after the global aviation industry faced new warnings about runway safety. All 379 people aboard a Japan Airlines (JAL) <9201.T> Airbus A350 escaped following a collision …

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US dollar rises to two-week peak on doubts about number of rate cuts in 2024

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar rose to a two-week high on Wednesday as investors continued to take profits on short dollar positioning amassed toward the end of last year, even as they questioned market expectations of roughly six interest rate cuts in 2024. For December, the dollar fell about 2%. Trading …

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