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PepsiCo acquires Sabra Obela from Strauss Group for $244 million - The Jerusalem Post

PepsiCo purchased 50% of the Sabra Obela dips brand from Strauss for $244 million (NIS 900 million), making it the full owner.

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Gas prices jump as Gazprom says it is halting deliveries to Austria | Euronews

Gazprom Export has announced that it will be halting gas supplies to Austria, following the latter's biggest state-owned fossil fuel company, OMV, winning an arbitral award against it.

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Nippon Steel seeks to close US Steel deal before Trump returns to White House | Reuters

Japan's Nippon Steel hopes to close its $15 billion deal to buy US Steel by year-end before Republican Donald Trump retakes the White House in January, a senior executive said, as the acquisition is core to its future growth.

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Donald Trump's 'Day One' Promise Just Crashed Renewable Energy Stocks | Times Now

Donald Trump on Wednesday registered a thumping victory in the US Presidential Elections 2024. Trump's "day one" pledge caused renewable energy shares to plunge, US News News - Times Now

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Walmart, other US retailers import fewer Christmas goods ahead of tepid holiday season | Reuters

Santa Claus is not delivering as many Christmas trees, toys and decorations to the United States this year as in recent years, import data shows, with retailers including Walmart bringing in less holiday product ahead of what is expected to be a so-so hol

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The IRS Revealed 2025 Changes To Retirement 401(k) and IRA Contribution Limits

Retirement savers can stash more money in their 401(k)s next year. Friday, the IRS announced cost-of-living adjustments for retirement plans and IRAs.

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Temu faces EU investigation into rogue traders and illegal goods | AP News

Chinese online retailer Temu is facing a European Union investigation over suspicions it’s failing to prevent the sale of illegal products.

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Reddit Stock Jumps 40% on Surprise Profit, Buoyant Outlook

Reddit shares are surging Wednesday after the social media firm posted its first quarterly profit as a public company with higher-than-estimated results and a rosy fourth-quarter outlook.

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Nearly half of Americans don't want a promotion

Getting ahead was once a cornerstone of the American Dream. Now, many professionals are stepping off the corporate ladder.

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JPMorgan begins suing customers over 'infinite money glitch'

JPMorgan is investigating thousands of cases related to the glitch, which highlights the risk that social media can amplify vulnerabilities found at a bank.

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Skilled trades gain traction with Gen Z, report finds | Higher Ed Dive

Higher Education News

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Companies are firing Gen Z workers soon after hiring them. What's behind their job market struggles? | Euronews

A recent report found that companies were dissatisfied with their Generation Z (Gen Z) new hires and may avoid hiring recent graduates in the future.

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Pizza Hut Will Deliver Your Resume Printed on a Pizza Box to Prospective Employers – Moss and Fog

Imagine a stack of resumes next to a hot fresh pizza box version. Which would you prefer?

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North Carolina town that produces quartz needed for tech products is devastated by Helene | AP News

Two North Carolina facilities that manufacture the high-purity quartz used for making semiconductors, solar panels and fiber optic cables have been shut down by Hurricane Helene.

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US East Coast port strike looms Tuesday with no talks scheduled | Reuters

U.S. East and Gulf Coast port workers are set to go on strike at midnight on Monday, threatening to halt container traffic from Maine to Texas and cost the economy as much as $5 billion a day.

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Apple hit with €62 million EU class action for unfair charges on music | Euronews

Big Tech giant Apple was hit with a €1.8 billion European Commission fine in March for unfair pricing that allegedly locked out competitors.

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Tupperware files for bankruptcy | Fox Business

Tupperware Brands filed for bankruptcy protection, months after the iconic American brand shut down its last remaining U.S.-based plant amid financial troubles.

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US cracks down on low-value Chinese imports | NHK WORLD-JAPAN News

The administration of US President Joe Biden is taking steps to address an issue it says harms American manufacturers and consumers. On Friday, it announced a crackdown on online shopping platforms in China that exploit a trade exemption to flood the mark

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The Mississippi River is running low again. It’s a problem for farmers moving beans and grain | AP News

The water level of the Mississippi River is unusually low for the third straight year, forcing barge companies to put limits on how much cargo they can carry and cutting into farm profits.

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How Volkswagen’s ‘Defeat Devices’ Worked - The New York Times

Volkswagen admitted that 11 million of its vehicles were equipped with software that was used to cheat on emissions tests. This is how the technology works and what it now means for vehicle owners.

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Buffett's Berkshire Hathaway hits $1 trillion market value, first U.S. company outside of tech to do so

The milestone came two days before Buffett's 94th birthday.

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Federal judge in Texas overturns FTC ban on noncompete agreements - CBS News

A judge in Texas blocked a new rule from the FTC that would have made it easier for employees to quit and work for a rival.

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Disney's streaming business turns a profit. But parks show signs of trouble

Disney notched a milestone in its streaming business: It reported profitability across its Disney+, Hulu and ESPN+ services for the first time.

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Google built illegal monopoly to become world's default search engine: US court in landmark antitrust case

“Google is a monopolist, and it has acted as one to maintain its monopoly," US district judge Amit Mehta ruled in landmark judgement against Big Tech.

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Unemployment up, stock market down: grim economic news as election approaches - CatholicVote org

CV NEWS FEED // Economic data released on Friday shows higher unemployment and the three primary stock market indices all down as analysts warn that the…

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Chevron is moving its headquarters from California to Texas - CBS San Francisco

Chevron Corporation announced Friday it would relocate its headquarters from San Ramon to Houston, Texas before the end of the year.

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Meta agrees to $1.4B settlement with Texas over facial recognition | AP News

Officials say Meta has agreed to a $1.4 billion settlement with Texas in a privacy lawsuit over allegations that the tech giant used biometric data of users without their permission.

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Google and Microsoft are laying off hundreds from their Cloud units as the tech giants go all in on AI

Both companies cited their long-term visions when discussing the cuts

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Google won’t comment on a potentially massive leak of its search algorithm documentation

The leak reportedly details what data Google collects for ranking.

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US supreme court ruling suggests change in cybersecurity disclosure process

Decision puts pressure on CISOs and those crafting SEC filings as wording could be judged as “half-truths” and considered misleading.

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reuters.com

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Hyundai Motor ends Indonesia aluminium deal after climate campaign by K-pop fans | Reuters

South Korea's Hyundai Motor Co and PT Adaro Minerals Indonesia Tbk have ended an aluminium supply agreement after calls by a climate campaigner backed by K-pop fans not to procure supplies of the metal produced using coal power.

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UK economy went into recession last year, data confirms | Reuters

Britain's economy entered a shallow recession last year, official figures confirmed on Thursday, leaving Prime Minister Rishi Sunak with a challenge to reassure voters that the economy is safe with him before an election expected later this year.

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Baltimore bridge collapse likely to result in multibillion-dollar insurance claims -Lloyd's of London | Reuters

The collapse of Baltimore's Francis Scott Key Bridge is likely to lead to a multi-billion dollar insurance loss, the chairperson of commercial insurance market Lloyd's of London (SOLYD.UL) said on Thursday.

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Trump's media company ticker leads to fleeting windfall | Reuters

Possible confusion over the new stock symbol for former President Donald Trump's Truth Social saw some investor brokerage balances briefly jump by hundreds of thousands of dollars on Tuesday, the first day Trump's "DJT" ticker traded.

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Lululemon warns of slowing North America sales as spending falters | Reuters

Lululemon Athletica forecast annual revenue and profit below expectations on Thursday as demand wanes for the apparel retailer's premium athleisure mainly in the North American region, sending its shares down nearly 11% in extended trading.

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Reddit prices IPO at top of indicated range to raise $748 million | Reuters

Social media platform Reddit priced its initial public offering at the top of its targeted range of $31 to $34 per share on Wednesday, raising $748 million and giving the ailing technology IPO market a much-needed boost.

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Intel prepares for $100 billion spending spree across four US states | Reuters

Intel is planning a $100 billion spending spree across four U.S. states to build and expand factories after securing $19.5 billion in federal grants and loans - and it hopes to secure another $25 billion in tax breaks.

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Exclusive: African cocoa plants run out of beans as global chocolate crisis deepens | Reuters

Major African cocoa plants in Ivory Coast and Ghana have stopped or cut processing because they cannot afford to buy beans, four trading sources said, meaning chocolate prices around the world are likely to soar.

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Euro is back on the scene for global central banks | Reuters

Once hurt by crises and deflation, the euro is gaining popularity among central bank reserve managers thanks to a return to positive rates and geopolitics challenging king dollar's appeal.

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Macy’s to close 150 stores

The department store chain is planning to shut down 150 low-performing stores over the next few years and focus more on its Bloomingdale’s and Bluemercury br...

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Sony to lay off 900 PlayStation employees, shut London studio | Reuters

Japan's Sony is cutting about 900 jobs at its PlayStation unit and shutting a studio in London, it said on Tuesday as the videogame industry struggles to recover from a post-pandemic slump.

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Sony to lay off 900 PlayStation employees, shut London studio | Reuters

Japan's Sony is cutting about 900 jobs at its PlayStation unit and shutting a studio in London, it said on Tuesday as the videogame industry struggles to recover from a post-pandemic slump.

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What Walmart may gain from FTC's Kroger-Albertsons lawsuit | Reuters

The Federal Trade Commission's bid to block grocer Kroger's $25 billion acquisition of Albertsons could benefit Walmart, a rival whose close relationships with suppliers already gives it a price advantage over other chains, investors, consultants and anal

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In the Market: Banks warily warm up to Fed repo backstop | Reuters

Banks are finally signing up for a U.S. Federal Reserve funding backstop that has been lying nearly dormant for more than two years, putting them in a stronger position to deal with any stress. But it is unclear whether they will want to use it in a crisi

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New money advice from Wyclef Jean just dropped – and it's a rap | Reuters

As any parent will tell you, teenagers and young adults do not really listen to what you have to say.

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Nikkei parties like it's 1989; hits record high | Reuters

Japanese stocks raced to a record peak on Thursday, breaking levels last seen in 1989 during the halcyon days of the bubble economy, as cheap valuations and corporate reforms lure foreign money looking for alternatives to battered Chinese markets.

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Capital One's $35 billion Discover deal hinges on playing consumer champion | Reuters

Capital One's chances of getting its $35.3 billion deal for Discover Financial past regulators hinge on the bank showing it can disrupt the close-knit U.S. credit card industry, five experts in corporate law interviewed by Reuters said.

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Germany likely in recession, Bundesbank says | Reuters

Germany is likely in recession now as external demand is weak, consumers remain cautious and domestic investment is held back by high borrowing costs, the Bundesbank said in a regular monthly report on Monday about Europe's biggest economy.

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Cisco to cut more than 4,000 jobs, lowers annual revenue forecast | Reuters

Cisco Systems said it would cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough economy that has led to thousands of layoffs by tech firms this year.

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Japan unexpectedly slips into recession, Germany now world's third-biggest economy | Reuters

Japan unexpectedly slipped into a recession at the end of last year, losing its title as the world's third-biggest economy to Germany and raising doubts about when the central bank would begin to exit its decade-long ultra-loose monetary policy.

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UK economy falls into recession, adding to Sunak's election challenge | Reuters

Britain's economy provides a tough backdrop ahead of this year's expected election for Rishi Sunak.

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How 23andMe Went From $6B Valuation to Penny Stock | WSJ What Went Wrong

DNA-testing company 23AndMe and its founder, Anne Wojcicki, aimed to revolutionize healthcare, bringing genetic tests to homes with just a tube of spit. But ...

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European, US retailers absorb Red Sea shock, wary of hiking prices | Reuters

Carrying more stock, switching to suppliers nearer to consumers and reducing dependence on China are tactics European and U.S. retailers used to build more resilient supply chains following disruptions during the COVID-19 pandemic.

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Toshiba delisted after 74 years, faces future with new owners | Reuters

The conglomerate is being taken private by a group of investors.

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King dollar seen vulnerable in 2024 if Fed pivots | Reuters

The Federal Reserve's dovish December pivot has boosted the case for the weakening dollar to keep falling into 2024, though strength in the U.S. economy could limit the greenback’s decline.

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Coffee firms turning away from Africa as EU deforestation law looms | Reuters

Importers of coffee to the European Union are starting to scale back purchases from small farmers in Africa and beyond as they prepare for a landmark EU law that will ban the sale of goods linked to the destruction of forests, a cause of climate change.

I can't see any result from these laws other than the starvation of more of Africa's poor.

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What Walmart’s First Shoppable Series Says About the Future of Ads | WSJ

Walmart’s 23-episode holiday rom-com series “Add to Heart” features more than 330 products consumers can buy while watching on TikTok, YouTube and Roku. A nu...

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M&A deals in Permian basin exceeds $100 billion in 2023 - WoodMac | Reuters

The value of U.S. oil and gas mergers and acquisitions in the Permian basin this year has reached a record of more than $100 billion after several multi-billion dollar deals, consultancy Wood Mackenzie said in a news release on Tuesday.

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Inside Pantone, the Company That Turns Color Into Money | WSJ The Economics Of

Pantone just released its 2024 Color of the Year: Peach Fuzz. But Pantone doesn’t sell paints, colors or mixing machinery. So what is the company actually se...

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Market bets for 2024 thrown into chaos by US recession conundrum | Reuters

Investment banks and asset managers have wildly varying stock market and currency calls for 2024, reflecting deep division over whether the U.S. economy will enter a long-heralded recession and drag the world with it.

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Bitcoin rises above $42,000 for first time since April 2022 | Reuters

Bitcoin rose on Monday, briefly surpassing $42,000 for the first time since April 2022, in a new surge of momentum fueled by the possibility of U.S. interest rate cuts and traders betting that the U.S. will soon approve exchange-traded bitcoin funds.

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Spotify to cut 1,500 jobs in third layoff round this year | Reuters

Music streaming giant Spotify said on Monday that it will lay off around 1,500 employees, or 17% of its workforce, to bring down costs, after letting 600 of its staff go in January, and 200 more in June.

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More US retailers adopt 'keep it' returns policies to shelter profits in holiday surge | Reuters

As holiday shoppers return items purchased during Black Friday and Cyber Monday online shopping sprees, more U.S. retailers could tell them to keep items that cost more to ship back than they are worth.

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OPEC agrees preliminary oil cut deal of over 1 million bpd, sources say | Reuters

OPEC oil producers are likely to agree output cuts of at least 1 million barrels per day (bpd) for early next year led by Saudi Arabia rolling over its voluntary additional cut and smaller curbs by others, two delegates told Reuters ahead of a virtual OP

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3M, DuPont defeat massive class action over forever chemicals | Reuters

A U.S. appeals court on Monday handed 3M , Corteva Inc subsidiary E.I. du Pont de Nemours and Co and other manufacturers of toxic so-called "forever chemicals" a big win in their fight against legal liability for the substances, rejecting a lowe

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Focus: New crypto front emerges in Israel's militant financing fight | Reuters

A new front has emerged in Israel's fight against the funding of Iran-backed militant groups from Hamas to Hezbollah: A fast-growing crypto network called Tron.

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Sam Altman to return as OpenAI CEO after his tumultuous ouster | Reuters

Sam Altman is returning as CEO of OpenAI just days after his ouster, capping frenzied discussions about the future of the startup at the center of an artificial intelligence boom.

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U.S. Credit Rating Changed From ‘Stable’ To ‘Negative’ As National Debt Balloons | The Daily Wire

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Inside Wall Street's scramble after ICBC hack | Reuters

The cyber hack of Industrial and Commercial Bank of China's U.S. broker-dealer was so extensive on Wednesday, even the corporate email stopped working and forced employees to switch to Google mail, according to two people familiar with the situation.

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Shell sues Greenpeace for $2.1 million after activists boarded oil vessel | Reuters

Activists boarded the vessel in January near the Canary Islands off the Atlantic coast of northern Africa and travelled on it as far as Norway.

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Apple holiday forecast disappoints on iPad, wearables demand; shares slip | Reuters

Apple on Thursday gave a sales forecast for the holiday quarter that missed Wall Street expectations, hurt by weak demand for iPads and wearables, sending its shares down about 3% in after-hours trading.

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Amazon made $1 billion through secret price raising algorithm -US FTC | Reuters

Amazon.com used a series of illegal strategies to boost profits at its online retail empire, including an algorithm that pushed up prices U.S. households paid by more than $1 billion, the U.S. Federal Trade Commission detailed in a new court filing on Thu

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Google CEO Sundar Pichai to testify Monday in US Google antitrust trial | Reuters

Sundar Pichai, chief executive of Alphabet and its subsidiary Google, will testify on Monday in the once-in-a generation antitrust fight over Google's dominance of search and some parts of search advertising.

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Tipping, Explained: Why Two-Thirds of Americans View It Negatively | WSJ

You’re being asked to tip more and more places today. If you’re annoyed, you’re not alone. A survey by Bankrate found a third of people are annoyed by those ...

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Global billionaire tax could yield $250 billion annually, study says | Reuters

Governments should open a new front in the international clampdown on tax evasion with a global minimum tax on billionaires, which could raise $250 billion annually, the EU Tax Observatory said on Monday.

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Euro zone October PMI at near 3-year low, stirring recession worries | Reuters

Euro zone business activity took a surprise turn for the worse this month as demand fell in a broad-based downturn across the region, a survey showed, entering the fourth quarter on the wrong foot and suggesting the bloc may slip into recession.

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Citigroup outlines layoff process, reassignments in overhaul -memo | Reuters

Citigroup managers are reviewing staff rosters to determine by November who will stay in place, be reassigned or laid off during its biggest reorganization in decades, according to a global memo to staff on Wednesday seen by Reuters.

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Why a rout in government bonds is worrying | Reuters

The world's biggest bond markets are in the throes of another rout as a new era of higher for longer interest rates takes hold.

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At WTO, growing disregard for trade rules shows world is fragmenting | Reuters

Nothing illustrates the crisis at the World Trade Organization more than the piling up of unresolved disputes and the growing list of what it terms the "trade concerns" of its members.

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Revisions show UK economy no longer the post-pandemic laggard | Reuters

Britain's economic performance since the start of the COVID-19 pandemic has been much stronger than previously thought, with faster growth than Germany or France, according to revisions to official data released on Friday.

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Euro zone inflation falls to lowest in 2 years as economy slows | Reuters

Inflation in the euro zone fell to its lowest level in two years in September, suggesting the European Central Bank's steady diet of interest rate hikes was succeeding in curbing runaway prices albeit at a growing cost for economic growth.

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FTC's Amazon antitrust lawsuit faces high bar in US court - experts | Reuters

The U.S. Federal Trade Commission's lawsuit accusing Amazon.com of abusing its retail market power to stifle competition faces hurdles in court, testing the scope of U.S. antitrust law and posing roadblocks for the agency, legal experts said.

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Cough syrup deaths overseas prompt US crackdown on toxic testing | Reuters

The U.S. FDA is cracking down on lax testing practices by dozens of makers of healthcare products following hundreds of deaths overseas from contaminated cough syrups.

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SEC collects Wall Street's private messages as WhatsApp probe escalates | Reuters

The U.S. securities regulator has collected thousands of staff messages from more than a dozen major investment companies, escalating its probe into Wall Street's use of private messaging apps, said four people with direct knowledge of the matter.

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Indian Potash sees no Canada supply hit, hopes to extend deal | Reuters

Indian Potash does not expect supplies of Canadian potash to be affected by the diplomatic row between the India and Canada, its managing director said on Friday, and hopes to extend a contract with Canadian supplier Canpotex beyond the end of September.

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Cisco to buy cybersecurity firm Splunk for $28 billion | Reuters

Cisco Systems on Thursday agreed to buy cybersecurity firm Splunk for about $28 billion in its biggest-ever deal to strengthen its software business and capitalize on the boom in artificial intelligence.

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Fed keeps rates steady, toughens policy stance as 'soft landing' hopes grow | Reuters

The U.S. Federal Reserve held interest rates steady on Wednesday but stiffened a hawkish monetary policy stance that its officials increasingly believe can succeed in lowering inflation without wrecking the economy or leading to large job losses.

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UK economy stumbles in July as strikes and rain weigh | Reuters

Britain's economy contracted in July at an unexpectedly sharp rate after strikes in hospitals and schools as well as unusually rainy weather weighed on output, according to official figures on Wednesday that will add to worries about the outlook.

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For retail investors, jumping on Arm's blockbuster IPO is a risky business | Reuters

Retail traders should beware: individual investors often get burned when they jump on hot listings.

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Google's rivals get day in court as momentous US antitrust trial begins | Reuters

DuckDuckGo, which has long complained that Google's tactics have made it too tough to get people to use their search engine on a mobile phone, will be one of many rivals to the online search giant eyeing a once-in-a-generation antitrust trial set to begin

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August Unemployment Rate Jumps, Employment in June and July Revised Downward | MRCTV

In August, the unemployment rate jumped 0.3 points, from 3.5% 3.8 percent, as the number of long-term unemployed increased, the U.S. Bureau of Labor Statistics (BLS) reported Friday.

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Burger King must face lawsuit claiming its Whoppers are too small | Reuters

A U.S. judge has rejected Burger King's bid to dismiss a lawsuit claiming that it cheated hungry customers by making its Whopper sandwich appear larger than it actually is.

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Tacoma paper mill to halt operations after 90 years, 400 jobs impacted | KOMO

KOMO 4 TV provides news, sports, weather and local event coverage in the Seattle, Washington area including Bellevue, Redmond, Renton, Kent, Tacoma, Bremerton, SeaTac, Auburn, Mercer Island, Bothell, Shoreline, Lynnwood, Mill Creek and Everett.

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How Russia keeps its fleet of Western jets in the air | Reuters

A Ural Airlines Airbus landed in the Russian city of Yekaterinburg on Nov. 14 last year. Then it remained grounded on the tarmac.

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S&P downgrades multiple US banks on growing liquidity worries | Reuters

S&P Global followed Moody's in cutting its credit ratings and outlook on multiple U.S. regional banks, saying higher funding costs and troubles in the commercial real estate sector will likely test the credit strength of lenders.