The scene of an explosion, which reportedly killed two army officers, in Moscow. REUTERS/Maxim Shemetov |
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- Bitcoin hit a record high above $107,000 after President-elect Donald Trump reiterated plans to create a US bitcoin strategic reserve, stoking the enthusiasm of crypto bulls. Here's how the plan could work.
- The Democratic Republic of Congo has filed criminal complaints against Apple subsidiaries in France and Belgium, accusing the tech firm of using conflict minerals in its supply chain, lawyers for the Congolese government told Reuters.
- Fast fashion retailer Shein is considering asking UK regulators to waive listing rules that require at least 10% of its shares to be sold to the public in its planned London flotation, two people with knowledge of the matter said.
- European automakers are raising prices of petrol cars and readying discounts on electric vehicles as they brace for yet another challenge - tougher emissions rules that threaten to further shrink profits across the struggling industry.
- Chinese leaders agreed last week to raise the budget deficit to 4% of GDP next year, its highest on record, while maintaining an economic growth target of around 5%, two sources with knowledge of the matter said.
- International battery cell makers are struggling to compete with Chinese giants like CATL. But innovations like solid-state batteries could upend the industry in the not-too-distant future. In this week's episode of The Big View podcast, QuantumScape CEO Siva Sivaram explains how.
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Trump bump? Fed officials prepare projections into new presidential term |
The Federal Reserve building. REUTERS/Joshua Roberts |
Since Donald Trump's election to a second term last month, Federal Reserve policymakers including Chair Jerome Powell have said it is too soon to factor in the US president-elect's yet-to-be-detailed policies into forecasts. But eight years ago Powell as a Fed governor joined the majority of his colleagues in doing just that, meeting records show, bumping up estimates for economic momentum and interest rates to reflect the expected effect of Trump's tax cuts and other policies. |
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A model presents a creation from the Tom Ford Fall-Winter 2024/2025 collection during Milan Fashion Week, February 22, 2024. REUTERS/Claudia Greco |
Some of the best fashion pictures of the year captured by Reuters photographers around the world. |
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