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Blackstone offers backstop to lure University of California in redemption-stricken REIT

By Chibuike Oguh (Reuters) -Blackstone Inc on Tuesday said it had secured a $4 billion investment from the University of California in its unlisted real estate income trust (BREIT) that has been plagued by investor redemptions, after the private equity firm committed $1 billion to backstop the university’s returns in the fund. In an unprecedented …

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Exclusive-World Bank seeks more funds to address climate change, other crises -document

By David Lawder WASHINGTON (Reuters) -The World Bank is seeking to vastly expand its lending capacity to address climate change and other global crises and will negotiate with shareholders ahead of April meetings on proposals that include a capital increase and new lending tools, according to an “evolution roadmap” seen by Reuters on Monday. The …

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Toyota’s Indian unit warns of a possible customer data breach

(Reuters) -A data breach at Toyota Motor’s Indian business might have exposed some customers’ personal information, it said on Sunday. Toyota India said it has notified the relevant Indian authorities of the data breach at Toyota Kirloskar Motor, a joint venture with Indian conglomerate Kirloskar Group. “Toyota Kirloskar Motor (TKM) has been notified by one …

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Google alleges India antitrust body copied parts of EU order on Android abuse

By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) – Google has told a tribunal in India that the country’s antitrust investigators copied parts of a European ruling against the U.S. firm for abusing the market dominance of its Android operating system, arguing the decision be quashed, legal papers show. The Competition Commission of India …

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Cineworld shares slide as it locks focus on group sale

By Aby Jose Koilparambil (Reuters) -Cineworld will focus on a sale of the group as a whole rather than individual assets, the British cinema operator said on Tuesday, sending the troubled company’s shares sharply lower. The world’s second-largest cinema group filed for U.S. bankruptcy protection in September to try to restructure its debt and strengthen …

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Dollar jumps, euro dips before Fed minutes

By Karen Brettell NEW YORK (Reuters) – The greenback jumped on Tuesday before the Federal Reserve on Wednesday releases minutes from its December meeting, while the euro was dented by moderating inflation data. The U.S. central bank slowed its pace of interest rate hikes to 50 basis points last month after delivering four consecutive 75-basis …

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EU offers China free vaccines as COVID-19 infections surge

BRUSSELS (Reuters) – The European Union has offered free COVID-19 vaccines to China, the EU executive said on Tuesday, as infections there surged following Beijing’s relaxation of its “zero-COVID” policies. China has not responded to the offer yet, a spokesperson for the European Commission told journalists at a regular briefing. He did not specify the …

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Leading WHO advisers call for ‘realistic’ COVID data from China at key meeting

By Jennifer Rigby LONDON (Reuters) – Leading scientists advising the World Health Organization said they wanted a “more realistic picture” about the COVID-19 situation from China’s top experts at a key meeting on Tuesday as worries grow about the rapid spread of the virus. The WHO has invited Chinese scientists to a virtual closed meeting …

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Gold rises to near six-month highs while investors await Fed minutes

By Seher Dareen (Reuters) – Gold prices kicked off 2023 by hitting their highest levels in more than six months on Tuesday as benchmark Treasury yields fell, while investors assessed the prospects for more Federal Reserve interest rate hikes, which acted as a significant headwind to bullion last year. Spot gold, which had ended a …

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FTSE 100 ends first trading day of 2023 on upbeat note

By Shashwat Chauhan and Johann M Cherian (Reuters) -Britain’s exporter-heavy FTSE 100 jumped more than 1% in its first day of trading in 2023, as energy, banking and healthcare stocks supported the index. The blue chip FTSE 100 ended up 1.4%, touching a near seven-month high during the session, while the more domestically-focussed FTSE 250 …

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