Fashion retailer Shein in talks to raise funds at lower valuation of $64 billion – FT

(Reuters) -Chinese fashion retailer Shein is in talks to raise up to $3 billion at a reduced valuation of $64 billion, the Financial Times reported on Wednesday, citing people with knowledge of the negotiations. The latest valuation would be nearly 36% less than the $100 billion the company was reportedly valued at in a funding …

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Biden vows to honor Ukraine minister killed in helicopter crash

WASHINGTON (Reuters) – President Joe Biden expressed condolences to the families of those killed in a helicopter crash in Ukraine on Wednesday and said the United States would honor the interior minister who was on board with continued commitment to preserving Ukraine’s democracy. He praised Interior Minister Denys Monastyrskyi’s efforts to fight Russian aggression and …

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Changing nature of inflation prompts new inequalities, New York Fed says

(Reuters) – Asian American/Pacific Islander (AAPI) households and those with lower incomes have experienced higher inflation over the past few months as a rise in the costs of food and shelter and a fall in gas prices have altered inflation inequality patterns, a New York Federal Reserve analysis showed on Wednesday. The findings are a …

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Lula cesa a más militares del dispositivo de seguridad tras los disturbios en Brasil

BRASILIA, 18 ene (Reuters) – El presidente brasileño, Luiz Inácio Lula da Silva, destituyó el miércoles a otros 13 militares ligados a la oficina del asesor de Seguridad Nacional, responsable de proteger al mandatario. La decisión sigue a la destitución el martes de 40 militares que custodiaban la residencia presidencial de Alvorada, mientras Lula expresaba …

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Brazil’s Lula says minimum wage has to rise in line with economic growth

BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Wednesday that the country’s minimum wage must rise in line with its economic growth, after the government approved a 7.43% year-on-year increase in monthly wages to 1,302 reais ($253.59). “We have already proven that it is possible to raise the minimum wage above …

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White House calls Lavrov’s Holocaust comparison ‘truly offensive’

WASHINGTON (Reuters) – The White House on Wednesday called Russian Foreign Minister Sergei Lavrov’s statement comparing the United States’ assembly of a coalition to take on Russia to Adolf Hitler’s actions to eradicate Jews in Europe “truly offensive.” “It’s almost so absurd that it’s not worth responding to, other than the truly offensive manner in …

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White House adviser Sullivan will support two-state solution in Israel trip -Kirby

WASHINGTON (Reuters) – White House national security adviser Jake Sullivan was holding meetings in Israel on Wednesday and will stress the U.S. commitment to a two-state solution in the Israel-Palestinian dispute during his visit, White House national security spokesman John Kirby said on Wednesday. Sullivan will also underscore the U.S. commitment to Israel’s security and …

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NASA awards $425 million to Boeing for fuel-efficient airliner research project

By David Shepardson WASHINGTON (Reuters) – NASA said on Wednesday it awarded $425 million to Boeing Co for the agency’s “Sustainable Flight Demonstrator” project as the Biden administration works to cut aviation sector emissions. Boeing will work with NASA to “build, test, and fly a full-scale demonstrator aircraft and validate technologies aimed at lowering emissions,” …

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