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Chinese tech entrepreneurs keen to ‘de-China’ as tensions with US soar

By David Kirton SHENZHEN, China (Reuters) – For the ambitious Chinese tech entrepreneur, expanding into the U.S. just keeps getting harder. Before 2019, there were few major impediments to having a Chinese company that did business in the U.S. from China. But amid escalating U.S.-Sino trade tensions, particularly after Washington slapped sanctions on telecom giant …

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Ex-JPMorgan executive wrote Epstein ‘should not be a client’ in 2011 email -deposition

By Luc Cohen NEW YORK (Reuters) -A former JPMorgan Chase & Co executive wrote in a 2011 email that the late financier and sex offender Jeffrey Epstein should not be a client of the bank, according to a transcript of a deposition of Chief Executive Jamie Dimon seen by Reuters. Dimon said in the deposition …

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UK has bigger inflation problem than US or euro zone – BoE’s Mann

By David Milliken LONDON (Reuters) – Britain has a bigger inflation problem than the United States or the euro zone, with both large headline price rises and growing signs of persistence in underlying pressures, Bank of England policymaker Catherine Mann said on Wednesday. Mann, who has been the BoE’s keenest advocate of interest rate increases …

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Chinese agent or private eye? Ex-NY cop’s ‘Fox Hunt’ trial kicks off

By Luc Cohen NEW YORK (Reuters) – A former New York City police sergeant charged with acting as an illegal Chinese agent for allegedly intimidating a U.S.-based fugitive from China went on trial on Wednesday and argued he did not know that country’s government was behind a private surveillance job he took. Federal prosecutors in …

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Dollar backs off highs after Fed officials suggest skipping June rate hike

(Updates prices throughout story, adds analyst comment in paragraphs 7 and 8, recasts lede and paragraphs 2, 3 and 4 to reflect comments from Fed governor) By Hannah Lang WASHINGTON (Reuters) – The U.S. dollar retreated from a more than two-month high on Wednesday after a Federal Reserve official warned any decision by the central …

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Bank of England to take Bank Rate to 5.00% next quarter as inflation proves sticky: Reuters poll

By Jonathan Cable LONDON (Reuters) – The Bank of England will be far more aggressive in policy tightening than previously thought as it battles to contain stubbornly-high inflation running at the joint-highest rate among Group of Seven advanced economies, a Reuters poll found. Consumer prices rose 8.7% in annual terms last month, down from 10.1% …

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