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Johnson & Johnson tops quarterly profit estimates as medical device sales jump

The company is benefiting from a rebound in demand for nonurgent surgeries among older adults, who deferred those procedures during the Covid pandemic.

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Netflix’s New Film Strategy: More About the Audience, Less About Auteurs

Dan Lin, the streaming service’s new film chief, wants to produce a more varied slate of movies to better appeal to the array of interests among subscribers.

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Planet Fitness shares fall as company announces new CEO, though analysts see upside

Planet Fitness has appointed a new CEO effective June 10 after a monthslong search for new leadership.

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Powell Suggests Interest Rates Could Stay High for a Longer Period

The Fed chair, along with the central bank’s No. 2 policymaker, stressed uncertainties over job growth and the persistence of elevated inflation.

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Republican governors from six states condemn UAW campaigns, citing potential for layoffs

The joint statement was signed by governors in Alabama, Georgia, Mississippi, South Carolina, Tennessee and Texas.

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Smartmatic and OAN Settle Defamation Suit

Smartmatic, an elections technology company, had accused the conservative broadcaster of amplifying baseless claims about election fraud.

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Participant, Maker of Films With Social Conscience, Calls It Quits

The company had critical and commercial hits over two decades but never made money consistently and faced a challenging entertainment landscape.

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Microsoft Makes High-Stakes Play in Tech Cold War With Emirati A.I. Deal

Microsoft said it would invest $1.5 billion in G42, an Emirati company with ties to China, as Washington and Beijing maneuver to secure tech influence in the Persian Gulf.

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Lawmakers Question Bank of America About Leon Black’s Payments to Epstein

A Senate committee sent a letter asking the bank whether it had adequately followed procedures before clearing $158 million in payments.

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South Carolina coach Dawn Staley says women's basketball will get 'better and better'

South Carolina coach Dawn Staley said women's basketball will only get bigger after her team's undefeated season and Caitlin Clark's record-breaking run.

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Birmingham Airport flights disrupted by incident

West Midlands Police says the airport has now reopened as there is no wider risk to the public.

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NPR Suspends Uri Berliner Over Critical Substack Essay

Uri Berliner, a senior business editor at NPR, said the public radio network’s liberal bias had tainted its coverage of important stories.

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China’s First Quarter Results Show Growth Propelled by Its Factories

China’s big bet on manufacturing helped to counteract its housing slowdown in the first three months of the year, but other countries are worried about a flood of Chinese goods.

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TGI Fridays to go public through merger with its U.K. franchisee

The new company will be publicly traded on the London Stock Exchange under the ticker "TGIF."

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IMF Sees Steady Growth but Warns of Rising Protectionism

The International Monetary Fund offered an upbeat economic outlook but said that new trade barriers and escalating wars could worsen inflation.

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Ex-Post Office boss missed chance to stop scandal

David Miller says he should have read a 2003 report calling out Horizon system discrepancies.

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Germany’s Leader, Olaf Scholz, Walks a Fine Line in China

Chancellor Olaf Scholz tried to promote German business interests while delivering warnings from Europe about trade and geopolitical tensions.

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Bank of America tops estimates on better-than-expected interest income, investment banking

Bank of America on Tuesday reported first-quarter earnings that topped analysts' estimates for profit and revenue.

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Russia to grow faster than all advanced economies

The IMF estimates Russia's economy will grow faster than the likes of the US, UK and Germany this year.

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China’s GDP growth beat expectations – so why are analysts and business groups still downbeat?

While first-quarter GDP data shows Beijing on course to meet its full-year target, policymakers are still being called on to bolster demand and introduce stronger policy support.

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Taylor Swift and Beyoncé Avoided a Collision on the Charts. (Again.)

Pop’s two reigning queens are often cast as rivals, but they have continually supported each other — and spaced out their album releases.

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Morgan Stanley tops expectations on wealth management, trading and investment banking results

How did Morgan Stanley CEO Ted Pick do in his first quarter leading the company?

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The Paris Olympics’ One Sure Thing: Cyberattacks

“We will be attacked,” the official responsible for fending off cyberthreats said. To prepare, organizers have been hosting war games and paying “bug bounties” to hackers.

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EasyJet suspends flights to Israel until October

The airline blames the "evolving situation in Israel" for stopping journeys to Tel Aviv

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IMF keeps China’s 2024 GDP growth estimate unchanged on ‘troubled property sector’

After the release of China’s first-quarter GDP growth, International Monetary Fund says the lack of a ‘comprehensive response’ could lead to less economic growth than Beijing is hoping for this year.

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'Bad at almost everything': AI wearable panned by reviewers

A new AI-fuelled gadget has fallen foul of the tech world's expectations.

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Who are the millions of Britons not working?

The unemployment rate is relatively low historically, but millions aren't working.

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Volkswagen union vote in Tennessee to test UAW's power after victories in Detroit

Union voting for more than 4,000 eligible VW workers will begin Wednesday and end at 8 p.m. EDT on Friday.

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Inside Washington’s Role in Microsoft’s Big AI Deal With G42

The White House laid the ground work for Microsoft’s $1.5 billion investment in an Emirati artificial intelligence start-up, a deal meant to box out Beijing.

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Superdry boss hits back at 'not cool' criticism

The brand, which runs 216 shops as well as franchised stores, is looking at ways to save cash.

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Fitch cuts outlook for China’s state-owned banks from stable to negative citing Beijing’s limited capacity to support them

The move by Fitch Ratings comes a week after it cut its projection for the country’s sovereign credit rating, reflecting pessimism in the world’s second largest economy and concerns over Beijing’s capacity to support its biggest lenders.

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Why Hawaii is becoming a leader in U.S. EV adoption

As the move to all-electric vehicles is occurring more slowly than many expected in the U.S., a growing leader in EV adoption is Hawaii.

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Scottish Power pays £300 to customers after overcharging

Some Scottish Power customers will receive an average of nearly £300 after being overcharged.

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Unemployment jumps as UK jobs market stalls

The slowing jobs market has raised questions over when the Bank of England might cut interest rates.

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Why Germany Can’t Break Up With China

China remains one of the most important markets for Germany’s export-driven economy, prompting a three-day visit by the German chancellor, who has stressed the importance of open markets.

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US expects to impose further sanctions on Iran 'in the coming days'

Treasury Secretary Janet Yellen says Iran's oil exports "remain in focus as a possible area" they could address.

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China economy grows faster than expected

Official figures also highlighted the challenges faced by the country's crisis-hit property sector.

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Boeing Defends Safety of 787 Dreamliner After Whistle-Blower’s Claims

After a Boeing engineer went public with safety concerns, the company invited reporters to its South Carolina factory and top engineers vouched for the plane.

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A Slimmer Goldman Sachs Posts Hefty Jump in Profit

The Wall Street bank recorded nearly $4 billion in profit, beating analyst expectations in a tough quarter for big banks.

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China GDP: 5.3% first-quarter rise better than expected as recovery regains momentum

China’s widely watched gross domestic product (GDP) figure beat expectations in the first quarter after rising by 5.3 per cent year on year despite ongoing challenges.

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Tesla Will Lay Off More Than 10% of Global Workforce

Along with the departure of two senior executives, the cuts added to signs of turmoil at the electric car company.

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My battle with Tesla: I want to clear my name before I die

A former Tesla engineer is in a decade-long battle with the car company, owned by Elon Musk.

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The challenge of upgrading iconic steel windows

Critall windows date back to the 1880s but their steel construction makes them vulnerable to damp.

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China’s energy trade with Middle East set to surge since Beijing brokered last year’s Iran-Saudi deal, UBS says

Energy-related trade between China and the Middle East is likely to increase significantly and reshape the sector globally in the wake of the Saudi-Iran peace deal brokered by China last year, according to Swiss bank UBS.

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Boeing defends 787 Dreamliner safety after whistleblower alleged structural flaws

A whistleblower alleged that Boeing's 787 and 777 models have structural flaws

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E.V. Sales Are Slowing. Tesla’s Are Slumping.

More competition and flagging demand for electric vehicles has led to declining sales at Tesla.

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From consumption to tourism, China’s middle class holds the key to revving up economic engine, but can they turn it?

Ahead of China’s quarterly GDP release, survey figures reflect how difficult times have been for half a billion Chinese people, and where their priorities now lie.

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Tesla lays off more than 10% of its workforce

Owner Elon Musk said it was a difficult decision to reduce Tesla's global headcount.

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Patti Astor, Fun Gallery Co-Founder, Dies at 74

She was a founder of the Fun Gallery, which staged early shows by Keith Haring and other artists who defined the city’s downtown scene in the 1980s.

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$17,000 to Watch the Masters? How Sports Entice Deep-Pocketed Fans.

Teams, leagues and event organizers are pursuing enthusiasts with the promise of luxury and exclusivity, in hopes of bigger profits and lasting loyalty.

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Richard Leibner, Savvy Agent for Top Broadcast Journalists, Dies at 85

His negotiations led to Dan Rather’s elevation from “60 Minutes” to anchor of the “CBS Evening News” and sent Diane Sawyer from “60 Minutes” to ABC.

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Trump Media Stock Drops 18% After New Filing

Funds that bet on a fall were set to profit as the parent of Truth Social came under renewed pressure after it registered new shares for a potential sale.

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NPR C.E.O. Faces Criticism Over Tweets Supporting Progressive Causes

Katherine Maher, who took over the public network last month, posted years ago on Twitter that “Donald Trump is a racist.”

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Goldman Sachs tops first-quarter estimates fueled by trading, investment banking

Goldman CEO David Solomon has taken his lumps in the past year, but a turnaround appears to be underway, fueled by a rebound in Wall Street activities.

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U.S. Scrutiny of Chinese Company Could Disrupt U.S. Supply Chain for Key Drugs

Lawmakers raising national security concerns and seeking to disconnect a major Chinese firm from U.S. pharmaceutical interests have rattled the biotech industry. The firm is deeply involved in development and manufacturing of crucial therapies for cancer, cystic fibrosis, H.I.V. and other illnesses.

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Peloton quietly drops unlimited free app membership because it failed to bring in paid subscribers

Peloton debuted an unlimited free membership option for its app last year in a bid to win over new customers, but the company quietly ended the initiative.

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Battery factory ditched in favour of data centre

Much vaunted plans for a Northumberland gigafactory collapsed along with the company Britishvolt.

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Pet Policies for Delta Air Lines, United Airlines, American Airlines and Other Domestic Carriers

American recently relaxed its rules for pets traveling inside the cabin with their owners. Here’s what the major U.S. airlines require to travel with a pet.

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Golf’s Big Deal Veers Off Course

The Masters tournament should be all about sport, but the unresolved fight between the PGA Tour and LIV Golf looms over the competition.

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Trump's Truth Social shares hit by sale plan

Shares in the social media firm fell sharply after it said it could issue millions more shares.

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A.I. Has a Measurement Problem

Which A.I. system writes the best computer code or generates the most realistic image? Right now, there’s no easy way to answer those questions.

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UnitedHealth's first-quarter report will offer a window into Change cyberattack costs

The financial impact of the Change Healthcare cyberattack is expected to weigh on UnitedHealth Group's first-quarter results.

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Oil prices dip after Iran attack on Israel

Prices had already risen in expectation of action, with Brent crude near a six-month high last week.

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Here’s Why This Bouquet of Red Roses Costs $72 in NYC.

A dozen red roses is timeless. But its price tag is not. At Ditmars Flower Shop in Queens, where costs have soared in recent years, a bouquet is $72, up from $60 in 2019.

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Biden Administration Awards Samsun $6.4 Billion for Chip Production

The federal grants will support Samsung’s new chip manufacturing hub in Taylor, Texas, along with the expansion of an existing site in Austin.

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Tata to cut redundancy package if workers strike

Tata says its "most favourable financial package" will not be paid if workers go on strike.

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China’s new South China Sea oil rig helps it drill deep for energy security

New deep-sea mobile operation can reportedly drill to a depth of 9,085 metres, a record for China as Beijing looks to rely less on imported oil and gas amid rising geopolitical uncertainties.

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Barry Diller Bets on Media Veterans to Turn Around The Daily Beast

The former Disney executive Ben Sherwood and Joanna Coles, the former Hearst content chief, are being given a minority stake in the digital tabloid.

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'Brexit food charges will eradicate my cheese shop'

Food business owners say new EU import tariffs risk pushing smaller firms to the brink.

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World's busiest airports show surge in international travel. Here are the rankings

Airports from Tokyo to London logged big increases in travelers in 2024.

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Markets Brace for Israel’s Next Move

Global equities and oil prices were stable following Iran’s missile and drone attack on Israel, but analysts warn that the calm may not last.

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State tax officials are using AI to go after wealthy payers

New York state is sending out AI-generated letters looking for tax revenue, many of them focused on remote work or a change in tax residency.

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M25 set for second full weekend closure

The M25 will be shut between junctions nine and 10 from 21:00 BST on 10 May until 06:00 on 13 May.

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Flights cancelled after Iran's strike on Israel

EasyJet has suspended planes travelling to Tel Aviv until 21 April following Tehran's attack.

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In China, Germany’s Olaf Scholz calls for ‘open and fair’ competition as differences weigh on trade

Scholz’s trip comes as the European Union is undertaking an anti-subsidy investigation into Chinese electric vehicles (EVs), and as criticism grows in the United States about Chinese overcapacity.

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Oil Prices Lower After Iran’s Attack on Israel

Investors are taking a wait-and-see approach after the much-anticipated aerial assault had little effect on oil supplies.

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China’s Fosun International sells stake in Belgian insurer Ageas to BNP Paribas to reduce debt, focus on core businesses

More divestments to come, analyst says, as conglomerate aims to cut debts by US$1.38 billion annually in the next two to three years.

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China’s ‘critical’ property sector must ensure timely delivery of homes, says Vice-Premier He Lifeng

Vice-Premier He Lifeng completed a two-day inspection tour of Zhengzhou, Henan province, over the weekend with a focus on China’s troubled real estate market.

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A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up

On a scale not seen in decades, many Americans are stuck in homes they would rather leave.

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What to See, Eat and Do in New Haven, Conn.

Though the academic scene continues to imbue this coastal Connecticut city with a certain gravitas, surrounding neighborhoods are showing off their own cultural capital in the realms of art, food, music and more.

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Why Better Times (and Big Raises) Haven’t Cured the Inflation Hangover

Frustrated by higher prices, many Pennsylvanians with fresh pay raises and solid finances report a sense of insecurity lingering from the pandemic.

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Shanghai is the sole commodities bourse to stay open to Russian aluminium, copper and nickel as sanctions drive Moscow towards China

Energy market sanctions imposed on Moscow have already had a dramatic impact on China’s buying habits, helping Russia surpass Saudi Arabia to become the largest oil supplier to Beijing last year.

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On Himalayan Hillsides Grows Japan’s Cold, Hard Cash

A shrub in impoverished Nepal now supplies the raw material for the bank notes used in Asia’s most sophisticated financial system.

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Hong Kong gearing up to become a hub for ILS such as catastrophe bonds, Insurance Authority says

Hong Kong is building an arsenal to assist the world with raising funds for managing losses from natural disasters, the Insurance Authority said. It is discovering more issuers, investors and data, as well as cultivating its modelling capabilities and talent.

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Universal credit 'must change' to tackle sickness

Britain faces new challenges from an older and sicker population, according to a new report.

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Don Wright, Editorial Cartoonist With a Skewer for a Pen, Dies at 90

He won two Pulitzers for Florida newspapers, commenting wryly on war, segregation, church scandals and more while reaching readers nationwide through syndication.

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‘Civil War’ Is No. 1 at Box Office

Alex Garland’s movie, starring Kirsten Dunst, surpassed “Godzilla x Kong,” with an estimated $25.7 million in North American ticket sales on its first weekend.

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News Outlets Urge Trump and Biden to Commit to Presidential Debates

In an unusual statement, the news organizations said “there is simply no substitute” for a face-to-face debate, a campaign staple since 1976.

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Dana White, Donald Trump and the Rise of Cage-Match Politics

White, chief executive of the bloody and beloved Ultimate Fighting Championship, has shot to the peak of Trump-era culture and political influence. What does he want?

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As supply chains shift away from China, others get their own economic miracles

As global supply chains are reshaped, countries such as Vietnam and Mexico are becoming attractive manufacturing hubs. Chinese-backed factories in the US might face resistance, but the job growth and knowledge transfer they bring will benefit the American economy.

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Drone delivery service launches in China’s Greater Bay Area, slashing transport time and costs between cities

Flight between Zhongshan and megacity of Shenzhen takes around 45 minutes and costs 40 yuan (US$5.60) per order, according to UAV-maker Phoenix Wings, which is backed by Chinese logistics giant SF Express.

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Ohtani’s Dizzying 3 Weeks End in Exoneration by Authorities

At times, baseball’s biggest star seemed in danger of being tainted by a gambling scandal, before his longtime interpreter was charged with fraud.

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China’s gold markets under strain as horde of new buyers hunts for stable investment

Gold markets in China have been inundated with a throng of new buyers, looking to put their money into a commodity which has skyrocketed in value as other investments have lost their lustre.

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Overlooked No More: Lizzie Magie, the Unknown Inventor Behind Monopoly

Magie’s creation, The Landlord’s Game, inspired the spinoff we know today. But credit for the idea long went to someone else.

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Macy's proxy fight is over, but the battle for the department store's future wages on

CEO Tony Spring is on the clock to execute a turnaround vision with potential buyers pressing ahead with a bid to take Macy's private.

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3 Facts That Help Explain a Confusing Economic Moment

The path to a “soft landing” doesn’t seem as smooth as it did four months ago. But the expectations of a year ago have been surpassed.

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But I’m All Grown Up With a Job of My Own

Caring colleagues might mean well, but your taking on new and more projects is none of their concern.

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Biden’s Student Loan Repayment Plan Is Being Challenged. Here’s What to Know.

The income-driven plan known as SAVE has reduced payments for millions of borrowers. Lawsuits by Republican-led states are seeking to upend it.

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British Watch Brands Stage a One-Day Fair

The Alliance of British Watch and Clock Makers, which organized the fair, said it was the first of its kind in the country.

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Frank Olson, Executive Who Linked O.J. Simpson With Hertz, Dies at 91

He negotiated Mr. Simpson’s star turn in commercials, tapping into his football fame, and formed a social bond with him — until there were murder charges. They died on the same day.

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Why did all the Little Chefs disappear?

At its height, Little Chef had 439 restaurants across the UK but just two decades later they were all gone.

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Citigroup tops estimates for first-quarter revenue on better-than-expected Wall Street results

Citigroup posted first-quarter revenue that topped estimates, helped by better-than-expected results in the bank's investment banking and trading operations.

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JPMorgan Chase shares drop after bank gives disappointing guidance on 2024 interest income

JPMorgan Chase on Friday posted profit and revenue that topped Wall Street estimates as credit costs and trading revenue came in better than expected.

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StubHub eyes summer IPO, seeks $16.5 billion valuation

StubHub is eyeing a summer initial public offering and the online ticketing service is aiming for a valuation of at least $16.5 billion.

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Dimon Warns of ‘Unsettling’ Pressures That Could Weigh on JPMorgan Earnings

Warnings from the chief executive of the nation’s largest bank have been consistently at odds with heady financial markets.

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That Giant College ‘Sticker’ Price Isn’t What Most Students Pay

The share of those paying the full advertised cost has declined over the last couple of decades, a new report found. Yet many don’t understand how much they’ll really pay.

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Robert MacNeil, Earnest News Anchor for PBS, Dies at 93

With his longtime co-host Jim Lehrer, he delivered thoughtful reports that stood in stark contrast to the commercial networks’ ever more sensational newscasts.

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Stocks Suffer Sharpest Weekly Decline of 2024

Investors had been put on edge by a stronger-than-expected inflation report earlier in the week. Rising tension in the Middle East heading into the weekend gave them another reason to retreat.

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Roberto Cavalli, Fashion Designer Who Celebrated Excess, Dies at 83

From the mid-1990s onward he was one of the biggest names in fashion, with stores around the world and celebrity admirers like Lenny Kravitz and Cindy Crawford.

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Bank of England Will Overhaul Its Forecasting After Inflation Surprises

The review, which was led by Ben S. Bernanke, a former Federal Reserve chair, came after the central bank had been criticized for underestimating inflation.

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Nike CEO says focus on its own website and stores went too far as it embraces wholesale retailers again

Nike CEO John Donahoe acknowledged that the brand went too far when it iced out wholesalers like Macy's and DSW in favor of its own stores and website.

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Nike CEO blames remote work for innovation slowdown, saying it's hard to build disruptive products on Zoom

Nike CEO John Donahoe blamed remote work for the company falling behind on innovation, saying it's tough to build disruptive products on Zoom.

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EU probe of weight loss and diabetes drugs like Wegovy, Ozempic finds no link to suicidal thoughts

The review examined several drugs from Novo Nordisk, including Wegovy, Ozempic, Rybelsus, and Saxenda, but did not include Eli Lilly's Zepbound and Mounjaro.

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China trade: 5 takeaways from March data as exports tumbled, but ‘reasonable story about external demand’ appears

China’s export growth fell more than expected in March, but a recovery of overseas markets is expected, while imports also declined last month.

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Tell Us: Has Elon Musk’s Behavior Affected How You View Tesla?

Mr. Musk, the chief executive of Tesla, has turned off many people with polarizing remarks on social media, and it may be affecting the automaker’s sales.

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National Academy Asks Court to Strip Sackler Name From Endowment

Millions in Sackler donations sat dormant, rising in value as the opioid epidemic raged and as other institutions distanced themselves from the makers of a notorious painkiller.

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China’s world-leading patent applications being sped up, scrutinised to boost key industries

Innovation is increasingly coming under the spotlight amid Beijing’s push for tech self-reliance, but criticisms persist that quantity is being emphasised over quality in the pursuit of patents.

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Trump or Biden? The Stock Market Doesn’t Care.

Prediction markets say former President Donald J. Trump has a good chance of winning. So far, the stock market is fine with that.

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NIL-era college athletes navigate new realm of financial literacy

"All of the issues that pro athletes have dealt with for years are now going downstream," said former NFL player Brandon Copeland.

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Spotlight, BMW’s China venture, to assemble EVs including Mini cars for consumers worldwide

Spotlight Automotive, BMW’s 50-50 EV venture with mainland Chinese partner Great Wall Motor, is designing new models that it hopes to sell globally.

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Inflation Comes for the Housing Market

Prices and mortgage rates are climbing as Wall Street bets that interest rates will remain higher for longer.

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China overtakes Germany in some exports, raising trade profile and EU eyebrows ahead of Scholz visit

A recent report has found China has overtaken Germany in terms of certain exports, an elevation of status for the Asian juggernaut but a potential source of tension for already fraught bilateral relations.

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Immigrants in Maine Are Filling a Labor Gap. It May Be a Prelude for the U.S.

A wave of rapid immigration is taxing local resources around the country and drawing political ire. But it might leave America’s economy better off.

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China’s stock market: Beijing issues unprecedented guidelines calling for transparency, risk-management

A document published by the nation’s cabinet on Friday promises to promote the ‘high-quality’ development of China’s capital market by strengthening supervision and guarding against risks.

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China trade: exports tumble in March, but ‘robust growth’ on the horizon as overseas demand recovers

China’s exports in March were dragged down by a higher base in the same period last year, but a strong recovery in demand in overseas markets is set to lead to ‘robust export growth’ this year, analysts said.

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China food security: grain reigns supreme as higher yields sought from limited land

China has set a goal for higher grain yields by 2030 – a necessity only likely to grow more acute as its stock of arable land has stagnated and the global food market has become more volatile.

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The $2bn dirty-money case that rocked Singapore

The sensational case saw 10 Chinese nationals charged for laundering profits from illegal businesses.

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Ohtani translator accused of stealing $16 million from Dodgers star

Ippei Mizuhara has been the subject of an investigation surrounding millions of dollars in wire transfers from Ohtani's bank account.

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China GDP: what is needed to achieve the ‘very challenging’ 5% economic growth goal for 2024?

Beijing has defended China’s ambitious goal of growing the economy by ‘around 5 per cent’ this year, insisting it matches the potential for economic growth, but analysts say there are still issues to be addressed.

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Ford prepares to resume F-150 Lightning shipments, drops prices on some models

The included models are expected to ship later this month for between $2,000 and $5,500 less than before the automaker halted shipments.

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Why car insurance costs are skyrocketing and leading to higher inflation

On a monthly basis, car insurance prices as part of the consumer price index (CPI) rose by an unadjusted 2.7%, pushing the year-over-year increase to 22.2%.

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What to expect from bank earnings as high interest rates pressure smaller players

JPMorgan Chase, the nation's largest lender, kicks off earnings for the industry on Friday, followed by Bank of America and Goldman Sachs next week.

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Moderna halts plans to build Kenya vaccine plant as Covid shot demand plunges

Moderna's decision aligns with its broader effort to cut costs by resizing its Covid vaccine-manufacturing footprint.

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China’s low inflation set to be ‘long-term phenomenon’: 4 takeaways from March’s data

China reported another low level of consumer inflation in March, while factory-gate prices fell for the 18th straight month.

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Goldman Sachs promotes head of strategy and investor relations, Carey Halio, to global treasurer

Halio's new role encompasses authority over the firm's more than $1.6 trillion balance sheet. She'll report to Chief Financial Officer Denis Coleman.

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Buffalo Wild Wings leans into Go takeout format as a third of sales move off premises

The chicken wing category saw its sales surge during the pandemic, and off-premise orders now account for a third of BWW's sales.

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China’s Suzhou city plans supercharged cross-border e-commerce business after Shein and Temu success

The municipal government of the city in eastern Jiangsu province unveiled a three-year plan to attract cross-border e-commerce projects.

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Lianjia, China’s largest real estate brokerage, opens Manner coffee shop in Shanghai outlet to brew up home transactions

Lianjia has teamed up with coffee chain operator Manner to open a cafe in one of its outlets in Shanghai, launching a crossover marketing campaign to drive transactions amid lack of homebuying interest.

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City University of Hong Kong calls for broader ESG reporting coverage, says all financial institutions licensed by SFC should submit emissions data

All financial institutions licensed by the SFC should be required to submit ESG reports for the development of a comprehensive ecosystem of sustainability disclosures, City University of Hong Kong says.

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China protests Europe’s new wind-turbine probe and report alleging ‘distortions in the economy’

State subsidies are in Brussels’ cross hairs as the world’s largest windpower producer exports low-cost turbines to quench global demand for clean power.

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Beware what you wish for: calls for China to loosen grip on the yuan may rock emerging and developed markets alike, strategists say

China’s managed currency is seen as an anchor for its regional peers, meaning small moves can have an outsize impact.

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China inflation: disappointing price indicators cast shadow on target, fuel calls for swift policy easing

China’s consumer price index grew only slightly in March, while factory-gate prices fell for the 18th straight month, underscoring the need to speed up interest rate cuts, analysts said.

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How AI is helping to prevent future power cuts

Artificial intelligence software is being used to predict electricity demand and supply.

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China’s gender gap widening post-pandemic, with ‘she-cession’ still real threat to economy

Study finds disparity between men and women has grown in China, with researchers seeing the ‘magnitude of the ‘she-cession’, where the Covid-induced economic slowdown disproportionately impacted the female labour force.

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China eyes home-grown aircraft engine, larger commercial planes with big equipment upgrades by 2027

Beijing’s enhanced emphasis on stronger ‘productive forces’ is seen giving China a lift in its pursuit of aviation self-sufficiency as external pressure mounts.

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China scraps ownership caps on some telecoms services, courting foreign capital resurgence

China has unveiled new foreign ownership rules for certain telecommunications services, a move to generate investment and confidence as it strives to meet broad economic goals.

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EU investigation into Chinese wind turbine exporters could lead to higher costs, slow down clean energy projects in bloc, analysts say

An anti-subsidies investigation into Chinese wind turbine manufacturers by the EU could saddle the bloc’s renewable project developers with high costs and slow down their decarbonisation efforts, analysts say. The impact on Chinese firms could be limited.

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China creating ‘unfair competition’ for foreign players, German firms say in survey

German businesses operating in China have said they face ‘unfair competition’, complicating the already tense relationship between the two countries in advance of a visit from Chancellor Olaf Scholz.

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China hits back after Fitch Ratings downgrades credit outlook, Beijing says local debt risks are controllable

Ministry of Finance says it is a ‘pity’ to see Fitch Ratings revise the outlook on China’s sovereign debt from stable to negative due to concerns over property and public finance stress.

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Jack Ma steps into ‘mistakes’ brouhaha to boost Alibaba’s morale in staff memo, eliciting support from Chinese Embassy in US

There is nothing to fear from missteps because nobody is error-free, Ma wrote, after his co-founder Joe Tsai touched on Alibaba’s mistakes in a podcast interview, generating a frenzy on China’s social media.

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China clears first eVTOL aircraft for production as ‘low-altitude economy’ takes wing

China has granted production approval for its first electric vertical take-off and landing vehicle, cementing its progress in the rapidly expanding field of manned and unmanned flight at low altitudes.

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China’s stockbrokers see salaries slashed for second year amid slumping market, crackdown on flashy finance executives

China’s stockbrokers took another pay cut in 2023 as the double whammy of a slumping equities market and a government crackdown on corporate extravagance eroded the incomes of financial workers. Things don’t look much better this year, one fund manager says.

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China turns up heat with regulators, banks under the microscope amid focus on financial revamp

China will inspect vital finance and economy-related entities as part of a round of discipline inspections amid Beijing’s focus on a financial revamp.

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As world erects barriers against Chinese exports, what about free trade?

Slamming China for capitalising on its manufacturing advantages to produce competitively priced exports is hypocritical and against the principles of free trade.

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Why richer, older China needs changes to its social contract

Chinese policymakers need to build out rather than restrict the social safety net of pensions and healthcare for the elderly portions of the population. Looking ahead, the number of people paying taxes needs to increase in a manner that raises revenue but is fair and ideally more progressive.

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Janet Yellen in China: how far did trip move the ball for US-China relations as presidential election looms?

Treasury Secretary Janet Yellen ended her week-long trip to China on Tuesday, saying the US had been able to ‘move the ball’ on key issues, while analysts said the visit had focused on ‘practical short-term issues’.

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China’s Premier Li assembles economic experts ahead of hotly anticipated first-quarter data release

Li Qiang’s chat with business leaders and trusted economists puts the onus on what can be done at home while the external environment becomes ‘increasingly complex, severe’.

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How an F1 simulator could save car firms 'millions'

Engineers in a village near Bristol make the fastest-reacting car simulator in the world

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China pledges US$69 billion in credit backing for tech after resurrecting dormant financial tools

China’s central bank will incentivise the extension of credit for tech-focused companies and equipment renovations – goals named as a top priority by economic policymakers for the coming year.

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New-energy vehicles to make up 50% of China’s new cars sales by 2030, Moody’s forecasts

New-energy vehicles will make up about half of new car sales in China by 2030, as state incentives and expanding charging stations win over more customers, Moody’s Investors Service says.

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Boom times for US green energy as federal cash flows in

The US government has directed unprecedented sums of money at green energy projects.

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China EV price war: Tesla rival Li Auto says cheapest model yet to ‘bring you happiness’, will launch next week

Li Auto, Tesla’s nearest rival in mainland China, plans to start selling a new, more economical model aimed at families amid a price war in the country’s electric vehicle market.

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Shanghai’s data flow centre walks the talk, promises international standards, but China’s foreign firms need ‘faster, wider roll-out’

Data flow service centre in Lingang free-trade zone in Shanghai will adopt internationally recognised standards and aim to help entities navigate requirements amid China’s push to reassure and retain foreign firms.

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Janet Yellen in China: ‘difficult conversations’ and an overcapacity spat put hopes for common ground in question

US Treasury secretary says Beijing needs to make policy changes, while warning that Washington and its allies fear ‘global spillovers’ from China’s trade actions.

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Ibiza locals living in cars as party island sees rents soar

"All the work you could want, but there isn't anywhere to live," say those struggling on the island.

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