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New look CBDCs and cryptomarket to emerge from turmoil, top BIS official says

By Marc Jones LONDON (Reuters) – Cryptomarkets have not been killed off by last year’s turmoil, while the new wave of central bank digital currencies will face geopolitical limits, the Bank for International Settlements’ new innovation head has predicted. Dubbed the central bank to the world’s central bank, the BIS has long been critical of …

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U.S. working to recover suspected Chinese spy balloon

(Reuters) – The United States is working to recover a suspected Chinese spy balloon that was shot down off the coast of South Carolina, according to a statement released by the Pentagon on Sunday. “Our U.S. Navy component is currently conducting recovery operations, with the U.S. Coast Guard assisting in securing the area and maintaining …

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Turkey earthquake of magnitude 7.9 shakes central region, Syria

By Umit Ozdal DIYARBAKIR, Turkey (Reuters) – A strong earthquake of magnitude 7.9 struck southern Turkey early on Monday and was felt in Cyprus, Lebanon and Syria, collapsing buildings and sending residents into the snowy streets, witnesses and broadcasters said. The German Research Centre for Geosciences (GFZ) said the quake struck at a depth of …

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Public Storage makes $11 billion hostile bid for Life Storage

By Krystal Hu, Anirban Sen and Jahnavi Nidumolu (Reuters) – Public Storage, the largest U.S. operator of self-storage properties, on Sunday unveiled an $11 billion hostile bid for Life Storage Inc, ratcheting up attempts to buy its smaller rival after its earlier takeover attempts were rebuffed. Under the proposed all-stock deal, Life Storage shareholders would …

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NBA-LeBron James returns to Los Angeles with history in his grasp

By Rory Carroll LOS ANGELES (Reuters) – Lakers forward LeBron James returns to Los Angeles on the verge of becoming the NBA’s all-time leading scorer after wrapping up a five-game road trip in New Orleans on Saturday night. ‘King James’ now needs just 36 points to pass fellow Lakers great Kareem Abdul-Jabbar’s record 38,387 career …

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Newmont makes $16.9 billion offer for Australia’s top gold producer Newcrest

By Melanie Burton and Sameer Manekar MELBOURNE (Reuters) -Australia’s No. 1 gold miner Newcrest Mining Ltd said it was considering a $16.9 billion takeover offer from U.S. giant Newmont Corp after it had rejected a previous bid, in a deal that would leverage both miners’ operations in Australia and Canada. The all-share offer comes as …

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Australia retail sales volumes dip in Q4, price growth slows

SYDNEY (Reuters) – Australian retail sales volumes fell for the first time in a year last quarter as shoppers trimmed spending on goods, a sign higher borrowing costs are finally working to curb spending. Data from the Australian Bureau of Statistics on Monday showed real retail sales dipped 0.2% in the December quarter to A$96.9 …

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U.S. Justice Dept. to review Memphis police after Tyre Nichols’ killing

By Kanishka Singh WASHINGTON (Reuters) – The U.S. Justice Department will participate in a review of the Memphis Police Department after the death of Tyre Nichols, a 29-year-old Black man fatally beaten by officers in the Tennessee city last month, according to city officials. The review was disclosed in a bulletin by Memphis Mayor Jim …

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U.S. Senator Booker sees delicate path forward for police reform

By Gram Slattery WASHINGTON (Reuters) – Democratic U.S. Senator Cory Booker on Sunday said he believes a policing reform bill could pass the current Congress, although he acknowledged that it will be an uphill battle given disinterest in the Republican-led House of Representatives. “I’m sobered about the belief that we can get a big comprehensive …

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New Hampshire Governor Sununu ‘definitely thinking’ about White House run

By Kanishka Singh WASHINGTON (Reuters) – Republican New Hampshire Governor Chris Sununu said on Sunday he is considering running for U.S. president in 2024, adding that he believes Donald Trump would lose to Democratic President Joe Biden if the former president secures his party’s nomination. Sununu, who has served as governor of the small New …

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