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Factbox-Who is Vivek Ramaswamy, 2024 US presidential candidate?

By Tim Reid (Reuters) -Vivek Ramaswamy, a multimillionaire former biotech executive, hopes to jump-start his ebbing 2024 Republican presidential bid with a stronger-than-expected showing on Monday in the Iowa caucus, the first state Republican nominating contest. Here are some facts about Ramaswamy’s life and career: A HINDU RAISED IN THE AMERICAN MIDWEST Ramaswamy, 38, was …

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Hamas appears to show dead bodies of two hostages after warning Israel

By Nidal al-Mughrabi, Fadi Shana and Ari Rabinovitch DOHA/GAZA/JERUSALEM (Reuters) – Hamas appeared to show the dead bodies of two Israeli hostages on Monday after warning Israel they might be killed if it did not stop its bombardment of Gaza. A new video released by the Palestinian militant group purportedly showed the bodies of Yossi …

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Biden campaign, allies raise $97 million in fourth quarter

By Nandita Bose WASHINGTON (Reuters) -President Joe Biden’s 2024 reelection team and his Democratic Party said on Monday they raised over $97 million in the last three months of 2023, amid opinion polls showing voter concerns over his age, high prices and handling of the Israel-Hamas war. The Biden campaign attributed the fundraising haul to …

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Oil edges lower despite Middle East conflict

By Nia Williams (Reuters) -Oil prices weakened slightly on Monday as the Middle East conflict’s limited impact on crude output prompted profit taking after oil benchmarks gained 2% last week. Brent crude futures settled down 14 cents, or about 0.2%, at $78.15 a barrel. There was no settlement for U.S. West Texas Intermediate crude due …

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Boeing to add further quality inspections for 737 MAX

WASHINGTON (Reuters) -Boeing will add further quality inspections for the 737 MAX after a mid-air blowout of a cabin panel in an Alaska Airlines MAX 9 earlier this month, the head of its commercial airplanes division said on Monday. The planemaker will also deploy a team to supplier Spirit AeroSystems – which makes and installs …

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Taiwan loses ally Nauru, accuses China of post-election ploy

By Kirsty Needham and Yimou Lee SYDNEY/TAIPEI (Reuters) -Taiwan lost one of its few remaining diplomatic allies Nauru to China on Monday, just days after it elected a new president, and accused China of attempting to pressure it while it affirmed the will of Taiwanese to go out into the world. China claims Taiwan as …

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Toy manufacturers’ shift from China is no child’s play

By Richa Naidu LONDON (Reuters) – Toy makers grappling with surging costs in China are finding no easy options when it comes to shifting production to cheaper centres elsewhere. Six years ago, monopoly maker Hasbro approached Indian durable goods and aerospace supplier Aequs to sub-contract. “They said if you can get into toy manufacturing, now …

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Nigeria’s inflation rises to more than 27-year high in December

By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s inflation rate rose to its highest in more than 27 years in December as food prices surged, exacerbating a cost-of-living crisis and piling more pressure on the central bank to raise interest rates. Consumer inflation rose for the 12th straight month in December to 28.92% year on year …

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European shares start week on shaky footing as bond yields rise

By Shristi Achar A and Shashwat Chauhan (Reuters) -European shares ended lower on Monday as government bond yields rose amid warnings against premature rate cuts from European Central Bank officials, while beauty giant L’Oreal and lender HSBC dipped as separate brokerages turned bearish on their stocks. The pan-European STOXX 600 ended 0.5% lower, as government …

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German economy dodges recession despite shrinking 0.3% in 2023

By Maria Martinez BERLIN (Reuters) -The German economy contracted in 2023, due to persistent inflation, high energy prices and weak foreign demand, but it avoided a recession at the end of the year. Gross domestic product (GDP) shrank by 0.3% over the full-year 2023, the Federal Statistics Office said on Monday. “Overall economic development faltered …

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