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ECB likely to stick to big rate hike despite banking turmoil

In the wake of an exclusive Reuters report, financial markets adjusted expectations around future euro rate rises. Reuters reported that the European Central Bank was still leaning towards a 50-basis point hike, despite volatility after the Silicon Valley Bank collapse. The Reuters report, which prompted German bond futures to fall, revealed that policymakers were confident […]
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Snapchat kicks few children off app in Britain

Reuters exclusively reported that Snapchat (SNAP.N) is kicking dozens of children in Britain off its platform each month, compared with tens of thousands blocked by rival TikTok. Social media platforms, such as Meta’s (META.O) Instagram, ByteDance’s TikTok, and Snap Inc.’s Snapchat, require users to be at least 13 years old to protect the privacy and […]
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Russian crude oil heads to UAE as sanctions divert flows

Reuters exclusively revealed that the United Arab Emirates has been taking more cargoes of Russian crude oil, according to ship tracking data and trading sources, in another example of how Western sanctions on Russia have adjusted traditional energy trade flows. Russia has been selling both crude and refined products at discounted prices after international sanctions […]
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Bridgewater raises new fund strategy less dependent on equities

Reuters reported exclusively that Bridgewater Associates has raised at least $800 million in recent months for a new fund strategy, an additional offering that comes as the hedge fund manager revamps business after founder Ray Dalio gave up control. A source close to Bridgewater said the strategy, which has not been reported previously, is designed […]
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