By Richa Naidu LONDON (Reuters) – As a new European Union zero-tolerance deforestation law looms, several major investors told Reuters they are concerned about their exposure to the issue, with[...]
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Updated
Billionaire George Soros hands control of empire to son Alex
(Reuters) -Billionaire financier George Soros is handing control of his massive empire to his son Alexander, a Soros spokesperson said on Sunday. The spokesperson confirmed the details from an intervi[...]
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Binance.US halts dollar deposits, Robinhood delists tokens after SEC crackdown
By Elizabeth Howcroft, Hannah Lang and Rae Wee (Reuters) -The U.S. affiliate of Binance said it was halting dollar deposits, while trading platform Robinhood Markets said it was delisting some crypto[...]
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US luxury EV maker Lucid set to enter China market
SHANGHAI (Reuters) – U.S. luxury electric vehicle (EV) maker Lucid Group is preparing to enter the world’s largest auto market, its head of China operations Zhu Jiang said on Thursday. Luc[...]
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US trade deficit widens to 6-month high, expected to dent economic growth
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit widened by the most in eight years in April as imports of goods rebounded while exports of energy products declined, a trend that[...]
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Subway struggles to get big new franchisees to buy its US sandwich shops
By Hilary Russ NEW YORK (Reuters) – Subway is seeking big new franchisees in the United States in a push to revamp its ownership model, but low restaurant profits and outdated stores are making[...]
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Netflix shareholders withhold support for executive pay package
By Dawn Chmielewski (Reuters) – Netflix Inc shareholders on Thursday withheld their support for the company’s executive pay package, in a non-binding vote that followed a call by striking[...]
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EV maker Lucid to raise $3 billion, mainly from Saudi’s PIF
By Akriti Sharma and Abhirup Roy (Reuters) – Lucid Group said it plans to raise about $3 billion through a stock offering, nearly two-thirds of which will come from Saudi Arabia’s Public I[...]
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American Airlines raises second-quarter profit outlook on lower fuel costs
(Reuters) – American Airlines Group Inc on Wednesday raised its forecast for second-quarter profit on lower jet fuel costs and high travel demand. The company’s shares were up 2% at $14.91[...]
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