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Deutsche Bank $75 million settlement with Epstein accusers wins preliminary approval

By Jonathan Stempel NEW YORK (Reuters) -A U.S. judge on Friday granted preliminary approval to Deutsche Bank’s $75 million settlement with victims of Jeffrey Epstein who accused the bank of facilitating the late financier’s sex trafficking. U.S. District Judge Jed Rakoff in Manhattan said the settlement appeared “fair, reasonable, and adequate.” He scheduled an Oct. …

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Pittsburgh synagogue attacker found guilty of hate crimes, could face death

By Jonathan Allen and Joseph Ax (Reuters) -A jury on Friday found Robert Bowers guilty of dozens of federal hate crimes for the killing of 11 worshippers at Pittsburgh’s Tree of Life synagogue in 2018, the deadliest antisemitic attack in U.S. history. Bowers, 50, now faces the penalty phase of his trial at the U.S. …

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Electric-truck maker Nikola laying off 270 employees

(Reuters) – Nikola said on Friday it would lay off a total of 270 employees, as the electric-truck maker looks to cut costs and sharpen its focus on the North American marketplace. Several firms have narrowed their focus on core markets after the U.S. Federal Reserve’s monetary policy tightening created tough economic conditions and prompted …

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Fed policymakers deliver hawkish vibe after pause decision

By Howard Schneider WASHINGTON (Reuters) -U.S. Federal Reserve officials struck a hawkish tone in their first comments since the central bank held the policy interest rate steady at its meeting this week but signaled that rate hikes will likely resume. “Core inflation is not coming down like I thought it would,” Federal Reserve Gov. Christopher …

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Angola’s president appoints Dias as new central bank governor

LUANDA (Reuters) – Angolan President Joao Lourenco has appointed Manuel Tiago Dias as the new central bank governor, a government statement said on Friday. Dias was deputy governor prior to his appointment and will succeed Jose de Lima Massano, who was last week appointed as the country’s economic coordination minister. Massano was appointed as the …

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Goolsbee de la Fed dice la “pausa” permite ver qué hacer a continuación

16 jun (Reuters) – El presidente del Banco de la Reserva Federal de Chicago, Austan Goolsbee, afirmó el viernes que la decisión del banco central estadounidense de no subir las tasas de interés esta semana dará tiempo a los responsables de política monetaria para analizar los datos económicos contradictorios y decidir lo que sigue. “Yo …

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Ministro argentino de Economía aguarda flexibilizar acuerdo con FMI para viajar a Washington

Por Walter Bianchi BUENOS AIRES, 16 jun (Reuters) -El ministro argentino de Economía, Sergio Massa, viajará a Washington una vez que se tenga redactado el acuerdo con funcionarios del Fondo Monetario Internacional (FMI) para flexibilizar los objetivos del programa firmado el año pasado por 44.000 millones de dólares, dijo una fuente del Gobierno. Originalmente se …

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Gannett tiptoes into generative AI, giving humans the last word

By Helen Coster NEW YORK (Reuters) – Publisher Gannett plans to include generative artificial intelligence in the system it uses to publish stories as it and other news organizations begin to roll out the popular technology that may help save money and improve efficiency. But the largest U.S. newspaper publisher with over 200 daily outlets …

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Electric-vehicle startups see weekly gains after blistering rally

By Aditya Soni and Akash Sriram (Reuters) -U.S. electric-vehicle startups saw massive weekly gains on Friday after a searing rally in their shares over the past few sessions nearly doubled the value of companies such as Nikola. The surge in EV stocks has come without any apparent news or catalyst for the companies, leading several …

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Insurance broker Acrisure prepares for 2024 IPO at over $20 billion valuation – source

(Reuters) – Insurance broker Acrisure has begun interviewing banks for an initial public offering next year which could fetch it a valuation of over $20 billion, a source familiar with the matter told Reuters on Friday. The Michigan-based company was valued at $23 billion after a private funding round last year. Public markets are seeing …

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