By Jonathan Stempel NEW YORK (Reuters) -JPMorgan Chase & Co and Deutsche Bank AG asked a U.S. judge to dismiss lawsuits by women who accused Jeffrey Epstein of sexual abuse, and said the banks ena[...]
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Economy
European shares rise on Big Pharma boost, German inflation slows
By Bansari Mayur Kamdar and Shreyashi Sanyal (Reuters) -European shares rose on Tuesday, with large-cap pharmaceutical companies boosting the main STOXX 600 index, while the region’s largest eco[...]
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U.S. construction spending rebounds in November
WASHINGTON (Reuters) – U.S. construction spending unexpectedly rebounded in November, lifted by gains in nonresidential structures, but single-family homebuilding continued to be hammered by hig[...]
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Canada factory sector posts longest slowdown in 7 years
TORONTO (Reuters) – Canadian manufacturing activity contracted at a slightly faster rate in December as an uncertain economic outlook and high inflation undercut demand, while the recent trend o[...]
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German inflation slows in December on one-off energy payment
By Miranda Murray BERLIN (Reuters) -German inflation eased for a second month in a row in December due to falling energy prices and the government’s one-off payment of household energy bills, co[...]
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TikTok-owner ByteDance cuts hundreds of jobs in China – SCMP
(Reuters) – ByteDance, the Chinese parent company of video app TikTok, has laid off hundreds of employees across multiple departments at the end of 2022 as part of a cost-cutting measure, the So[...]
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Startups spring from ashes of Big Tech purge
By Supantha Mukherjee, Martin Coulter and Krystal Hu (Reuters) – Nic Szerman lost his job at Meta Platforms in November, just two months after joining full-time, falling victim to a sweeping 13%[...]
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SpaceX to raise $750 million at $137 billion valuation – CNBC
(Reuters) – Elon Musk’s SpaceX is raising $750 million in a new round of funding that values the rocket and satellite company at $137 billion from investors, including Andreessen Horowitz,[...]
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Morning Bid: The year of the yen?
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe, Editor, Financial Markets EMEA, Thomson Reuters. The holidays are over and it’s back to work, so markets are no exceptio[...]
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