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Post Office victim settles but feels 'guilt'

Jo Hamilton managed to pay off her mortgage and debts but other victims are still waiting.

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Councils to be told to cut diversity plans in Budget

The chancellor will urge councils to reduce wasteful spending but councillors say it is a distraction.

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China’s New Economic Agenda, a Lot Like the Old One: Takeaways

At the National People’s Congress on Tuesday, China’s leaders set an ambitious goal for growth, exactly the same one as last year.

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Brighter Economic Mood Isn’t Translating Into Support for Biden

Voters feel slightly better about the economy as inflation recedes, but partisan divides remain deep, a Times/Siena poll found.

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'I earn £1,600 a month and two-thirds goes on bills'

Changes to tax thresholds and child benefit, help for first-time buyers - what do people want from the Budget?

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Tarte Island: Bora Bora Influencer Campaign Met With Online Backlash

As part of a promotional campaign, the beauty brand Tarte flew 30 social media influencers on a private jet to paradise. Many observers were not amused.

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Bank Runs Spooked Regulators. Now a Clampdown Is Coming.

Federal Reserve officials and other bank regulators could roll out a new proposal this spring to ward off a repeat of 2023’s banking turmoil.

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What ‘deep concerns’ were raised when Premier Li Qiang met US Chamber of Commerce?

In the lead-up to Premier Li’s maiden work report on Tuesday, he sat down with a delegation representing US business interests in China, and signs point to investor confidence remaining subdued.

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‘Barbie’ Ruled the Box Office, but 2023 Was Tough for Women in Hollywood

The number of top films with actresses in leading roles was the lowest in a decade, and women have been joining the film academy at a considerably slower rate.

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Taylor Swift’s Singapore Shows Stir Anger in Southeast Asia

The country is defending paying the pop star to play nowhere else in Southeast Asia. Thailand’s prime minister said the price was up to $3 million per show.

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Powerful Psychedelic Drug Gains New Notice as an Opioid Addiction Therapy

New research is stirring interest in ibogaine, which appears to help ease the agony of detox and prevent relapse. Used in other countries, it remains illegal in the U.S.

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When is the Budget and what will it mean for my money?

Chancellor Jeremy Hunt is reportedly mulling higher duty on business travel to pay for tax cuts.

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China Sets Economic Growth Target of About 5%

Premier Li Qiang targets growth of about 5 percent this year but signals continued reluctance to use deficit spending for economic stimulus.

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Target will report its earnings before the bell. Here's what to expect

The big-box retailer has stressed lower prices and higher-frequency categories, such as groceries, as shoppers buy fewer discretionary items.

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Apparently Healthy, but Diagnosed With Alzheimer’s?

New criteria could lead to a dementia diagnosis on the basis of a simple blood test, even in the absence of obvious symptoms.

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China sets ambitious economic target for 2024

The announcement comes as the ruling Communist Party tries to reinvigorate the Chinese economy.

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N Korea hacked S Korea chip firms, Seoul says

South Korea's spy agency says Pyongyang is trying to produce its own semiconductors for weapons.

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China’s ‘two sessions’ 2024: as GDP gap with US widens, will the ‘East wind’ prevail?

Many had predicted China to surpass the US in terms of GDP by the middle of this century, but recent trends suggest such a swap may be farther off – if it even happens at all.

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China’s services activity growth momentum softens in February, but still expands for 14th consecutive month

China’s Caixin/S&P Global services purchasing managers’ index (PMI) edged down to 52.5 from 52.7 in January, data released on Tuesday showed.

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San Francisco Art Institute, With Diego Rivera Mural, Is Sold to Nonprofit

The sale includes a 1931 Diego Rivera mural, which has been valued at $50 million.

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FAA Audit Finds Boeing Didn’t Comply With Quality-Control Requirements

The regulator said the audit found instances in which Boeing and one of its key suppliers did not properly adhere to quality-control requirements.

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Concern as the gambling industry embraces AI

Campaigners worry that the gambling industry will not use AI responsibly.

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Juli Lynne Charlot, Creator of the Poodle Skirt, Dies at 101

Ms. Charlot’s creation merged seamlessly with the carefree youth culture of the 1950s, becoming visual shorthand for the entire decade.

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China’s ‘new productive forces’ concept offers fresh hope and impetus for economic transformation

The concept of ‘new productive forces’ shows that China’s top leadership has realised that the traditional model of relying on debt-fuelled investment to drive growth has reached its limit.

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Some NYCB deposits may be a flight risk after Moody’s downgrades ratings again

Moody's slashed one of New York Community Bank's key ratings for the second time in a month.

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Elon Musk sued over $128m unpaid severance at Twitter

Four former Twitter leaders accuse Elon Musk of flouting the law and not paying Twitter's debts.

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JetBlue, Spirit end $3.8 billion merger agreement after losing antitrust suit

JetBlue and Spirit Airlines had appealed a federal judge's decision to block their merger earlier in January.

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American Airlines Orders 260 Planes, Including Boeing 737 Max 10s

The order is the largest by the airline since 2011 and signals the company’s confidence in Boeing after a recent safety incident on a 737 Max plane.

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American orders 260 new planes, including Boeing Max 10s, and plans bigger first class

American's order includes 85 of Boeing's yet-to-be certified 737 Max 10 aircraft.

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JetBlue and Spirit Call Off Their $3.8 Billion Merger

JetBlue said it would pay Spirit $69 million to terminate the deal, which federal antitrust regulators blocked.

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American says 80% of 2024 revenue will come from loyalty program and more expensive tickets

The airline declined to provide profit or revenue forecasts for the first quarter or full year.

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‘Dune: Part Two’ Gives Sci-Fi-Obsessed Silicon Valley a Reason to Party

In a season of layoffs and cutbacks, techies seized on the second installment of the Denis Villeneuve-directed science-fiction epic by taking over movie theaters.

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How 33-Year-Olds, the Peak Millennials, Are Shaping the U.S. Economy

Meet the 1990 and 1991 babies, a massive microgeneration in lifelong competition for America’s economic resources, reshaping the world around them.

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China surpasses South Korea in tech and science gains, Seoul says as ‘unacceptable and upsetting’ loss to rival spurs introspection

Official findings out of South Korea show how much Beijing’s efforts to advance Chinese tech prowess have paid off in recent years, meaning Seoul has its work cut out as it plays catch-up.

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Google Settles Smaller Lawsuits as It Prepares for More Antitrust Fights

The tech giant has recently spent more than $1 billion to resolve several legal claims as more battles with the Justice Department loom.

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Anthropic Challenges OpenAI and Google With New Chatbot

Despite computer shortages, controversies and lawsuits, A.I. continues to improve at a rapid pace.

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Don’t Drown in That Dead-End Job

To get out of a losing work situation, you have to be relentless — and just get started.

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What You Need to Know for the 2024 Tax Season

There are tax breaks for electric car purchases, SALT workarounds, benefits for retirees and a new system for eligible taxpayers to file their returns.

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Activist Investor’s Group Raises Bid for Macy’s

The new offer values the department store chain at $6.6 billion. Macy’s, which just announced a strategy to turn around its business, said it would “carefully review” the proposal.

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Tour this $24 million mansion in Delray Beach, Florida, where home prices have doubled

The mansion is located in Stone Creek Ranch, a gated community that's home to billionaire hedge fund manager Steven Cohen and NFL star Khalil Mack.

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Ford sales jump 10.5% in February, led by gains in hybrids and EVs

Ford Motor's U.S. sales jumped 10.5% last month compared to February 2023, led by increases in its hybrid and all-electric vehicles sales.

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Forced to Change: Tech Giants Bow to Global Onslaught of Rules

For years, Apple, Google, Meta and others operated unfettered. But new laws and regulations have finally compelled them to make major shifts to their products and businesses.

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Shop owner 'hit by bottles' as thefts soar

Convenience stores saw 5.6 million thefts last year, a trade body says, with 76,000 violent cases reported.

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Viking Therapeutics emerges as a strong weight loss drug player — or takeover target

Some Wall Street analysts said Viking's experimental obesity treatment may be "best-in-class" following the release of midstage trial data.

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RuPaul Is Sending a Rainbow Bus to Give Away Books Targeted by Bans

The star, whose show “RuPaul’s Drag Race” has an international following, is one of the founders of a new online bookstore promoting underrepresented authors. The giveaways are part of its outreach.

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How Regulations Fractured Apple’s App Store

As the App Store approaches its 16th anniversary, patchwork rules have turned what was a single store into different shops across many countries.

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UK economy is on the right track, claims Sunak

The government is preparing for the Budget which may include tax cuts but also a squeeze on spending.

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Trump’s Tax Cut Fueled Investment but Did Not Pay for Itself, Study Finds

The most detailed research yet on corporate response to the 2017 Republican tax law shows modest gains for workers and high cost to the federal debt.

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China’s ‘two sessions’ 2024: ‘blind investments’ in digital economy could be harmful, delegate says

A Chinese government economic adviser says local governments have shown a lack of ‘awareness’ in their economic planning, and has urged them to make use of existing industrial foundations and local resources when investing in China’s digital economy.

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Apple fined €1.8bn for breaking streaming rules

It comes after Spotify complained about a block on telling users about cheaper alternatives to app store.

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Apple Fined $2 Billion by E.U. Antitrust Regulator Over Music Streaming

Apple said it would appeal the penalty, the latest in a series of regulatory setbacks for the tech giant.

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China’s ‘two sessions’ 2024: doubling tax-free allowance will ‘dare people to spend’, delegate says

National People’s Congress delegate Zhang Xuewu says he will put forward a proposal to double China’s tax-free allowance to 10,000 yuan (US$1,389) per month amid efforts to boost consumption.

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American Office Workers Are Living Even Farther From Employers Now

A new study shows that white-collar employees who can work remotely now live roughly twice as far from their offices as they did prepandemic.

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LeBron James and Drake Invest in Professional Golf’s PGA Tour

The basketball star and rapper are investing in the professional golf competition, marking their latest push into sports.

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Chinese insurers sound the alarm over Vanke debt risks after property giant’s bonds, shares tumble on repayment concerns

Some of China’s largest insurers are sounding the alarm over the debt risks of China Vanke, according to people familiar with the matter, as shares and bonds of the firm hit record lows on repayment concerns.

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China’s ‘two sessions’ 2024: legislature hammers home pro-business stance, says nation’s door is ‘always open to world’

National People’s Congress (NPC) spokesman Lou Qinjian says China’s attitude on opening up has never faltered and will not change, ahead of the opening session of the top legislature on Tuesday.

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Did the last Budget deliver growth and cheap beer?

The previous Budget was meant to help growth, investment, pubs and parents. Has it worked so far?

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Paid Family Caregivers in Indiana Face Steep Cutbacks

Now that federal pandemic-era funds are shrinking, states like Indiana are ending or curtailing programs that finance home care by relatives of seriously ill children and adults.

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China EV price war: BYD and Xpeng up the ante as they offer heavy discounts to arrest sales slump

The price war in China’s EV sector is likely to intensify further as carmakers undercut each other amid faltering sales, market observers say.

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Tesla factory expansion plan sparks treetop protest

Environmentalists in Germany have occupied part of a forest earmarked for clearance.

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Global Impact: China’s ‘two sessions’ rolls around at decisive moment for the world’s second-largest economy

In this week’s issue of the Global Impact newsletter, we look ahead to the ‘two sessions’, with China’s key annual meetings set to get under way in Beijing at a crucial time for the world’s second-largest economy.

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The Big Questions Raised by Elon Musk’s Lawsuit Against OpenAI

Experts say the case against the start-up and its chief executive, Sam Altman, raises unusual legal points that do not have a clear precedent.

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Nissan accused of dumping its electric car pioneers

Owners of older vehicles tell the BBC of their anger that their cars' apps will stop working.

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Warning cost of living fund closure 'catastrophic'

Hundreds of thousands of families have had help through the government's Household Support Fund.

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Judge Rules Against Corporate Transparency Act Disclosure Provision

An Alabama judge barred the government from collecting certain company ownership data to help the Treasury Department identify money launderers, and called the effort a case of congressional overreach.

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OPEC to Extend Oil Production Cuts Through June

Saudi Arabia’s announcement appears to be aimed at bolstering oil prices as growth in demand remains modest.

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The I.R.S.’s Taxpayer Experience Officer Says Open Your Mail Already

Ken Corbin is fixing the phone lines — but those foreboding letters are staying the same.

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‘Dune: Part Two’ Draws Biggest Opening Since ‘Barbie’ at the Box Office

The science-fiction sequel sold an estimated $81.5 million in tickets in the United States and Canada, the biggest opening for a Hollywood film since “Barbie.”

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CVS Fined $1.5 Million by Ohio Over Staffing Issues

The penalty is part of a settlement of 27 cases involving safety concerns revealed during inspections of nearly two dozen stores, officials said.

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IMAX 'ran out of seats' for 'Dune: Part Two' and Legendary Entertainment is interested in 'Part Three'

Denis Villeneuve's "Dune: Part Two" opened with an estimated $81.5 million at the box office, the highest of any film released so far in 2024.

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Crowdfunding Hollywood: How studio Legion M taps fans-turned-investors to make movies

The studio has worked with a number of Hollywood stars and funded "This is Not Financial Advice," as well as the upcoming documentary "You Can Call Me Bill."

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China’s middle-income population passes 500 million mark, state-owned newspaper says

The figure, which marks a rise of 100 million over five years, was released at a time when the authorities are looking to domestic consumption to boost growth.

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Stellantis-backed Leapmotor cuts C10 SUV price by nearly a fifth as China’s EV war rolls on

Chinese electric-vehicle (EV) maker Leapmotor has joined the widening discount war on the mainland, pricing its new SUV as much as 17 per cent lower than originally planned.

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China needs drastic reforms to win back investor trust and confidence

Greater transparency, better oversight, fewer controls and an upgrading of market infrastructure are among the unprecedented changes required to lure back foreigners and address citizens’ fears.

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Five ways to save on train tickets as fares rise

As rail fares rise on Sunday, we find the ways passengers can keep journeys as cheap as possible.

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How China’s C919 jet reflects ambitions to skirt US restrictions and soar beyond global leaders

With the Boeing-Airbus duopoly in its sights, the maker of China’s home-grown narrowbody plane is touting its advancements in Southeast Asia, but what challenges must be overcome?

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Big Labor Gamble: Push to Unionize Every U.S. Auto Plant

A looming election at a Volkswagen plant in Chattanooga could be pivotal in the United Automobile Workers’ effort to organize the entire industry.

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China’s state media in positive economic spin mode in countdown to ‘two sessions’

Communist Party mouthpiece says negative elements are rising but the country is in a sound recovery.

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Airlines Avelo and Breeze, three years after their pandemic debut, prepare for a profitable year

Avelo and Breeze, airlines that debuted in 2021, have launched dozens of routes across the U.S. in spots where there's less competition from large carriers.

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A Tax Sunset Will Change What You Owe the I.R.S.

Important regulations expire at the end of next year, thwarting tax planning and creating a monumental fiscal challenge for Congress.

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Eurozone Inflation, Continuing to Ease, Rose 2.6% in February

Prices in the countries that use the euro trended downward in February. But the European Central Bank remains cautious about lowering interest rates.

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C.D.C. Shortens Isolation Period for People With Covid

Americans with Covid or other respiratory infections may return to daily activities if they don’t have a fever and their symptoms are improving.

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China urged by foreign chambers of commerce to take firmer hand with private sector support

Chambers of commerce representing foreign business interests in China are asking for more proof the country will provide a stable environment for investment and activity, despite a recent roll-out of initiatives in that vein.

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Bad blood over Singapore Taylor Swift tour subsidies

Singapore paid taxpayer dollars to lock in Swift's shows - causing some bad blood in the region.

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Lockheed Martin looks to acquire spacecraft maker Terran Orbital for nearly $600 million

Lockheed Martin submitted a bid to acquire spacecraft manufacturer Terran Orbital, the defense giant revealed in a securities filing on Friday.

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Boeing in takeover talks to buy parts supplier

Boeing, under pressure over its manufacturing, is in takeover talks for Spirit Aerosystems.

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Elon Musk Sues OpenAI and Sam Altman for Violating the Company’s Principles

Musk said the prominent A.I. start-up had put profits and commercial interests ahead of seeking to benefit humanity.

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NASA shuts down $2 billion satellite refueling project after contractor Maxar is criticized for poor performance

NASA said it is shutting down a $2 billion project to test satellite refueling in space, after the lead contractor, Maxar, was cited for poor performance.

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Boeing is in talks to buy back fuselage maker Spirit AeroSystems after spate of quality defects

Both companies have been scrambling to stamp out manufacturing flaws on Boeing's top-selling plane.

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Boeing in Talks to Buy Spirit AeroSystems, a Struggling Supplier

Under pressure to improve safety, Boeing may reassume ownership of Spirit, which makes the bodies of the troubled 737 Max planes.

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Rents soar in towns as tenants priced out of cities

Towns outside of big cities have seen some of the biggest rent rises as tenants choose comfort.

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Faisal Islam: Why this won't be the Budget that Jeremy Hunt wanted

An economy in recession and high borrowing costs mean there will not be a bumper election giveaway.

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DeSantis Vetoes Florida Social Media Ban for Kids Under 16

The statute, passed by the Florida Legislature last week, would have required sites like TikTok and Instagram to deny accounts to underage users, even if their parents permitted them to do so.

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NYCB Shares Slide After Losses Deepen

The lender’s shares plunged on Friday after it disclosed more losses and said it could not file its annual report on schedule.

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Developers Got Backing for Affordable Housing. Then the Neighborhood Found Out.

The push from an affluent community in South Carolina to kill a plan for 60 subsidized apartments brought into public view how hard it is to give low-income families access to opportunity-rich neighborhoods.

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What Elon Musk and Sam Altman Said About Each Other

Once united over the future of artificial intelligence, they have become increasingly estranged over the years.

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Alcohol-Related Deaths Surge to Nearly 500 a Day, CDC Says

Spikes of fatalities linked to drinking that began with the Covid pandemic were not an anomaly. An estimated 178,000 people died in 2021 from similar causes.

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Trump Media Sued by Co-Founders, Threatening to Delay Its Merger

Lawsuits could stall Trump Media’s long-delayed merger, which would provide the social media company with cash to fund Donald J. Trump’s Truth Social.

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Judge rejects AstraZeneca’s challenge to Medicare drug price negotiations

U.S. District Judge Colm Connolly's decision comes one day before manufacturers have to respond to Medicare's initial price offers for their drugs.

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CVS and Walgreens to start selling abortion pill mifepristone this month 

CVS and Walgreens have received certification from the FDA to dispense the commonly used mifepristone at their retail pharmacies, spokespeople told CNBC.

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Report Helps Answer the Question: Is a College Degree Worth the Cost?

The analysis found that former students at most colleges had an annual income higher than high school graduates a decade after enrollment.

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CVS and Walgreens Will Begin Selling Abortion Pills This Month

The pill mifepristone will be available with a prescription at pharmacy counters in a few states to start.

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California’s Economy Pinched by Unemployment

Tech layoffs, fallout from Hollywood strikes and an uptick in rural joblessness challenge a state with one of the nation’s highest unemployment rates.

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Nigeria orders crypto firm to pay $10bn

The government blames Binance for the recent collapse of the naira, and has arrested two executives.

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Wall Street is worried about NYCB's loan losses and deposit levels as stock sinks below $4

NYCB restated recent quarterly earnings lower by $2.4 billion, formally replaced its CEO and delayed the release of a key annual report.

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Post Office staff may have broken law, say lawyers

Lawyers for sub-postmasters say some investigators may have conspired to pervert the course of justice.

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Price of first class stamp to rise again

This is the fourth rise in two years for first class stamps and the second class cost will rise too.

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Biden Seeks Housing Solutions Amid High Mortgage Rates

The president and his team are seeking ways to help Americans afford to rent and buy homes, as high borrowing costs dampen views of the economy.

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How big banks are becoming 'Bitcoin whales'

There will only ever be 21 million bitcoins, and US financial giants are buying up thousands.

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Lamy’s Reintroduction of Dark Lilac Ink Sparks Controversy

A manufacturer reintroduced Dark Lilac, a limited-edition ink, to great fanfare. The only problem? The color had changed.

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Elon Musk sues OpenAI over Microsoft links

The lawsuit accuses the firm of abandoning its founding principle of benefiting humanity.

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Elon Musk’s Feud With OpenAI Goes to Court

The tech mogul wants to force the A.I. start-up to reveal its research to the public and prevent it from pursuing profits.

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M&S wins appeal to tear down Oxford Street store

M&S successfully appeals a government decision to block the redevelopment of the central London shop.

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Major League Pickleball and PPA Tour complete long-awaited merger

The agreement comes after months of negotiations between the pickleball leagues as they join forces to determine the future of professional pickleball.

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Asda billionaire boss: 'I've not done bad'

Mohsin Issa says he and his co-owner brother are "here for the long haul", despite Asda's £5bn debt.

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Xi Jinping touts China’s new-energy prowess as Joe Biden bashes its auto policies

Ahead of the biggest political event of the year, China’s energy security gets more play against the backdrop of international criticism and fresh warnings from the United States.

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Yum China CEO says consumers are growing more 'rational' as rising costs cut dining budgets

Yum China CEO Joey Wat said the Chinese consumer has been growing more rational for years.

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China’s Li Auto delivers electric minivan with fridge and sofa to lure wealthy families from General Motors’ petrol MPV

The US$77,764 Li Mega, Beijing-based Li Auto’s first pure-electric model, has a range of 710 kilometres. It costs nearly twice as much as market leader General Motors’ petrol-powered competitor.

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Medicaid challenges leave many Black Americans uninsured

In 2022, Black people were 1.5 times more likely to be uninsured than their white peers, according to a report from KFF.

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Shrinkflation 101: The Economics of Smaller Groceries

Have you noticed your grocery products shrinking? Here’s how that gets counted — and what gets missed — in inflation data.

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House prices see first annual rise in over a year

Prices in February were up 1.2% from a year earlier but are still lower than their peak, Nationwide says.

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China’s low-altitude economy to hit 2 trillion yuan by 2030, maiden intercity eVTOL flight takes to the skies

China’s low-altitude economy is expected to reach 2 trillion yuan by 2030, with the burgeoning sector achieving another milestone this week with an intercity flight by an electric vertical take-off and landing (eVTOL) aircraft.

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China’s rural workers face bleak choice: stay in emptying villages, or move to job-scarce cities?

Chinese researchers have found the country’s rural population is struggling to keep up with their urban peers in terms of lifestyle, hampered by relative underdevelopment in social resources and a lack of job prospects in cities.

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Judge Fines Ex-Fox News Reporter, Catherine Herridge, for Not Revealing Sources

The journalist, Catherine Herridge, had reported on an F.B.I. investigation of a scientist’s Chinese ties. She was held in contempt of court.

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Chinese province invites overseas investors to link up with strategic supply chains

Jiangsu province, China’s second-largest regional economy, has asked foreign businesses to invest in sectors considered strategic or crucial – a move in line with the country’s continuing attempts to retain and attract overseas capital.

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Will China see a strong manufacturing activity rebound after contracting for 5 months?

Despite a series of initiatives to boost construction, consumption and foreign investment, China’s manufacturing activity fell for a fifth month in a row in February.

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Why fixing inequality is central to China’s common prosperity goal

China must urgently deal with the issue of the country’s wealth inequality as letting it fester could put the goal of achieving common prosperity in danger and undermine faith in the government among the impoverished and young people who lack hope for the future.

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NYCB Reports $2.4 Billion More in Losses as CEO Resigns

The lender said its earnings were far weaker than it had earlier stated, and it disclosed the discovery of “material weaknesses” in its internal controls.

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Could product passports revolutionise the way we shop?

The EU is introducing digital passports for products that detail their composition and production history.

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How Cable News Handled Biden and Trump at the Southern Border

Fox News and CNN aired both men’s remarks in full; MSNBC carried neither one live.

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Christie's just sold a Rothko painting for $100 million in a secret sale. Here are the details

The mysterious nature of the sale, with few publicly available details, highlights the rapid growth in recent years of private sales.

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China bolsters defence of overseas EV sales against US, EU counterpunches

Beijing this week expressed ‘strong dissatisfaction’ toward an ongoing European Union investigation into China’s exports of electric vehicles (EVs) and related products.

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Disney Heirs Line Up Against Nelson Peltz and Activist Investors

Nine grandchildren of Walt and Roy Disney expressed support for Bob Iger and the company’s board, and criticized Nelson Peltz and others circling Disney.

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Newly listed Birkenstock beats revenue expectations on higher pricing, U.S. demand

Birkenstock reported its holiday quarter results Thursday after it posted a record-breaking end to its last fiscal year.

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Best Buy warns of layoffs as it issues soft full-year guidance

Best Buy has been in a period of slower sales in part due to the strength of its sales during the pandemic.

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Ford rolls out Tesla Supercharging for EVs. Here's what drivers need to know

Ford EV customers can reserve a free charging adapter through June 30, the company said. After that period, the cost will be $230.

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'Dune: Part Two' looks to end box office drought with $80 million opening

While Warner Bros. is projecting a conservative $65 million debut for "Dune: Part Two," box office analysts foresee a haul between $70 million and $80 million.

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Pfizer RSV vaccine maintains protection in older adults over two seasons in trial

The results come ahead of a meeting of an advisory panel to the CDC, which will consider whether seniors should take RSV shots annually or every other year.

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Chinese businesswoman’s arrest after demanding US$30 million in arrears from local government triggers investigation, public outcry

Ma Yijiayi, 46, was contracted to build schools and museums, but an indebted government was unable to pay her. Then she found herself detained after refusing their lowball offer.

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Maserati reveals first GranCabrio convertible sports car since 2019

The sports car is based off the Maserati GranTurismo Trofeo sedan that's currently on sale starting at $190,000.

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China’s Wang Yi invited to Australia as Beijing, Canberra ties thaw after prolonged frost

China’s foreign minister Wang Yi has been invited to visit Australia in late March, anonymous sources say, confirming a continued interest in smoothing over fraught relations.

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How Hong Kong can avoid being sidelined in the Greater Bay Area

Hong Kong has been struggling to find its post-pandemic footing, with the stock market slumping and tourism not yet back on track. For the city to play the pivotal role expected of it in the Greater Bay Area, it must distinguish itself by providing goods and services of premium quality and lean into technology.

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'I'd heard the big, bad, scary conversation about AI'

The women enrolling on artificial intelligence training courses to boost their job prospects.

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China’s vulnerable small businesses have had it up to arrears – they need to be paid as policies fall short, survey finds

Survey finds that shrinking market demand and outstanding billables continue to plague small and micro-sized Chinese firms, leaving struggling owners feeling increasingly lost at sea.

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TJX tops earnings estimates but issues light guidance ahead of uncertain growth path

Off-price giant TJX Companies, which runs TJ Maxx, Marshall's and Homegoods, saw sales rise 13% during its holiday quarter.

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Paramount falls short of revenue expectations but posts surprise profit, strong streaming results

Paramount+ reached 67.5 million subscribers during the period, a net increase of 4.1 million, and recorded 69% revenue growth year over year.

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A stronger, more confident China has little to fear from Trump 2.0

Donald Trump’s intentions towards China are clear, Beijing has seen him off before and this time, the US has less economic leverage, ironically, thanks to its decoupling efforts. If anything, Trump 2.0 will alienate the world.

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Novavax stock falls 20% as vaccine maker misses quarterly estimates, sees sluggish 2024 sales

Novavax narrowed its losses in the quarter compared to the same period a year ago, even as demand for Covid products continues to plummet worldwide. 

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In ‘finance war’ with US, former official says China risks staring down the barrel of a capital conundrum

High-profile economist and former State Council researcher warns that potential US capital injections in China, following any Fed rate cuts, might be tumultuous for already-battered markets.

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China’s central government should take leading role in kick-starting consumption, adviser says

A Chinese economic adviser has said the central government should take advantage of its relatively low debt ratios and use its resources to spur consumption and guide effective investment – two things sorely needed as the country attempts to return to steady growth patterns.

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Geely’s Zeekr 001 takes on Tesla’s Model 3 with 10% price cut as discounts deepen in China’s EV market

Geely’s premium electric-vehicle unit Zeekr has cut prices by 10 per cent, joining the fray against mainland Chinese rivals after BYD fired the first salvo this month.

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China population: US$970 billion ‘silver economy’ deemed pivotal to overcoming pyramid paradox

China’s demographic structure is gradually shifting towards an inverted pyramid shape as its population is greying faster, central bank adviser Cai Fang says.

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Catalonia's farmers demand more help over drought

As Spain continues to be blighted by a lack of rain, farmers want more government assistance.

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China’s ‘two sessions’ 2024: have new pressures already fractured last year’s economic model?

As China prepares for its annual legislative sessions, the methods used last year to prop up economic growth appear less reliable than before, prompting calls for a large-scale re-evaluation of policies and prospects.

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China vows to break down barriers to aid economic recovery, but call continues for stronger stimulus

Chinese Premier Li Qiang held a study session with his cabinet on Monday, vowing to tackle barriers to forming a vast market.

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Why isn’t China letting Russia take out yuan loans in their ‘no-limits’ partnership?

Analysts say that while enhanced financial ties between the two countries could help internationalise China’s currency, Beijing tends to play it safe when upholding its neutrality regarding the war in Ukraine.

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Taiwan’s hi-tech export orders resume rise as world gears up for AI, unvexed by interest rate pressure

Orders by value topped US$48 billion last month, and these also include purchases of semiconductors, electronics for cars, and electric vehicle components.

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China plans C919 test flights in Southeast Asia en route to possible sales

China’s C919 and ARJ21 narrowbody passenger jets will carry out demonstration flights in Cambodia, Indonesia, Laos, Malaysia and Vietnam in the next two weeks, their Shanghai-based developer said on Tuesday.

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To forge a ‘one-China market’, Beijing must overcome local resistance

Despite years of efforts, it remains challenging to get local players to cooperate, rather than compete, with one another as Beijing tries to shape an integrated, unified market.

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Restructuring specialists boost Hong Kong staff as China property crisis stokes demand

Global restructuring specialists have increased their headcount as rising defaults by Hong Kong-listed Chinese property developers requires them to enter into restructuring talks with creditors or face liquidation.

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China jobs: returning migrant workers battling low salaries, lack of openings as economic realities hit home

Migrant workers returning after the Lunar New Year holiday in China have low expectations for a pay rise this year, as the number of jobs is not as high as last year.

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Why firms are racing to produce green ammonia

Ammonia is essential for fertiliser production but producing it is carbon intensive.

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Foreign firms say China’s economic woes, geopolitical feuds won’t scare them off, but they’re investing less

Recent findings from the American Chamber of Commerce in South China found that Chinese firms were much more keen on ramping up investments, but most US firms still plan to as well.

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Chinese EV maker Nio deal to license technology to Middle East start-up Forseven, unit of Abu Dhabi’s CYVN Holdings

Deal highlights the increasing influence Chinese companies have on the development of the global EV industry, analyst says.

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Chinese investment bank joins chorus of experts as calls for fiscal stimulus intensify

In a recent research report, China International Capital Corporation determined a direct fiscal stimulus is the best course of action for economic growth this year, after several rounds of credit support to businesses have not had the desired effect.

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Li Auto forecasts first-quarter sales drop as competition sharpens in Chinese EV market, reports record profit

The bearish forecast was revealed after Li Auto reported a record quarterly profit that beat analysts’ expectations.

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China’s aviation boon, driven by C919 and Airbus plant, an opportunity South Korean firms ‘must pursue’

South Korea’s national trade and investment promotion agency says China is moving aviation parts supply chains from North America and Europe to neighbouring countries.

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China slams US ‘smear tactics’ in WTO assessment, says Washington covering up its ‘sabotage’

Washington’s report on China’s compliance in the World Trade Organization continues accusations since US-China trade war began, and Beijing says US is distracting from its own WTO ‘violations and sabotage’.

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Greater Bay Area: HSBC, Standard Chartered increase Wealth Management Connect products amid drive to promote cross-border investment

HSBC, Standard Chartered and Hang Seng Bank are rolling out more products tied to the Wealth Management Connect scheme amid a drive by Beijing to boost the Greater Bay Area’s financial markets.

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BYD aspires to take on Ferrari, Lamborghini as the world’s largest EV maker goes upmarket with its US$233,000 Yangwang U9 supercar

The Warren Buffett-backed carmaker is accepting bookings for the 1.68 million yuan (US$233,400) supercar with a deposit of 300,000 yuan. Deliveries are expected to start in the summer.

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Will global energy prices fall this year?

Electricity, gas and oil prices all face numerous pressures over the next 12 months.

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Boeing crisis management on display at top airshow

The airshow is Boeing's first major aviation event since a mid-air incident on an Alaska Airlines flight.

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Why some cyber-attacks hit harder than others

The British Library has been hobbled for months by a cyber-attack and experts warn of similar damage ahead.

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How AI is helping the search for extraterrestrial life

Artificial intelligence software is being used to look for signs of alien lifeforms.

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'We had to adapt our robots to the AI revolution'

Sandy Enoch of Robotical explains why he had to pivot his educational robot company due to AI.

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