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Crypto giant Binance’s US affiliate fires staff after SEC charges -sources

By Angus Berwick and Tom Wilson LONDON (Reuters) – The U.S. affiliate of crypto giant Binance has carried out a round of layoffs since regulators last week charged it with violating securities laws and sought to freeze its assets, said two people with knowledge of the dismissals and employees’ social media posts. One of the …

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Exclusive-Thailand seeking to re-engage Myanmar junta with ASEAN meeting – letter, sources

By Panu Wongcha-um, Poppy McPherson and Ananda Teresia BANGKOK (Reuters) -Thailand’s caretaker government is proposing to “fully re-engage” Myanmar’s military rulers and has invited ASEAN foreign ministers to an informal meeting on Sunday to discuss a stalled peace plan, according to a letter seen by Reuters and sources aware of the invitation.    The proposal …

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Chinese President Xi meets Bill Gates, calls him ‘an old friend’

BEIJING (Reuters) -Chinese President Xi Jinping called Bill Gates “an old friend” and said he hoped they could cooperate in a way that would benefit both China and the United States, in Xi’s first meeting with a foreign entrepreneur in years. In a meeting at Beijing’s Diaoyutai state guest house, where China’s leaders have traditionally …

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US consumers’ near-term inflation expectations hit two-year low; sentiment rises

By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumers’ near-term inflation expectations dropped to more than a two-year low in June and the outlook over the next five years improved slightly, according to a survey on Friday that also showed sentiment perking up. The University of Michigan’s survey followed data this week showing annual consumer and producer …

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Ethics body accuses UK’s Johnson of new breach for taking newspaper job without vetting

LONDON (Reuters) -Former British Prime Minister Boris Johnson, who quit parliament last week over a finding that he misled lawmakers about COVID lockdown parties, was accused on Friday of a new breach for taking a newspaper columnist job without waiting for required ethics vetting. Nine months after he left the premiership, Johnson’s ethics record is …

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