Cryptoverse: AI tokens outpace record-breaking bitcoin
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By Medha Singh and Lisa Pauline Mattackal (Reuters) – The artificial intelligence boom has hit the crypto market with a bang. Coins linked to AI-focused crypto projects have jumped alongside tech stocks like Nvidia, driven by insatiable investor appetite for applications like machine-learning. The rise of many AI crypto tokens has outpaced even that of…
Bank of Japan scraps radical policy, makes first rate hike in 17 years
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By Leika Kihara TOKYO (Reuters) -The Bank of Japan (BOJ) ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday, making a historic shift away from trying to reflate growth with decades of massive monetary stimulus. While the move was Japan’s first interest rate hike in 17 years, it…
Japan stocks rise, yen slips to 150 after BOJ makes landmark policy shift as expected
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By Ankur Banerjee SINGAPORE (Reuters) – Japanese shares ended higher on Tuesday, while the yen slid to 150 per dollar after the Bank of Japan as widely expected ended eight years of negative interest rates and ushered in the nation’s first policy tightening since 2007. In a week filled with central bank meetings across the…
Britain’s deputy PM defends Israel but calls for ‘immediate ceasefire’ in Gaza
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By Josh Smith SEOUL (Reuters) – Britain’s deputy prime minister defended on Tuesday Israel’s right to protect itself amid growing tension between the Middle Eastern country and its biggest backers, but called for an “immediate ceasefire” in Gaza on humanitarian grounds. Oliver Dowden said the British government was “continuously” urging Israel to abide by international…
Analysis-Italian bond party turns blind eye to deficit disasters
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By Stefano Rebaudo and Antonella Cinelli MILAN/ROME (Reuters) – ‘Don’t worry, be happy’ sums up the current approach of financial markets to Italian debt, with investors determined to lock in high returns on Rome’s government bonds and turning a blind eye as its public finances veer out of control. The budget deficit in the euro…
Taiwan’s vice president-elect makes Czech visit, angering China
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TAIPEI (Reuters) -Taiwan’s vice president-elect and former de facto ambassador to Washington, Hsiao Bi-khim, is on a visit to the Czech Republic following a low-key trip to the United States, the foreign ministry said on Tuesday, triggering anger from China. Hsiao, who takes office with president-elect Lai Ching-te in May, is detested by China which…
EU to impose tariffs on Russian grain imports, FT reports
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(Reuters) – The European Union is preparing to levy tariffs on grain imports from Russia and Belarus to placate farmers and some member states, the Financial Times reported on Tuesday citing people familiar with the plans. The European Commission is in coming days expected to impose a duty of 95 euros ($103.26) per tonne on…
For sterling, the next Bank of England move is anyone’s guess
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By Naomi Rovnick LONDON (Reuters) – Money market pricing and short-term trading signals make the idea of the first Bank of England rate cut coming in late summer look like a clear bet. Economists and strategists are predicting a starkly different outcome for interest rates and the pound. Speculators have topped up their sterling holdings,…
UK deputy PM launches global push to protect elections from AI, misinformation
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By Josh Smith SEOUL (Reuters) – Democratic countries around the world should band together to confront the threat of AI used by malign states to threaten free elections and spread misinformation, British Deputy Prime Minister Oliver Dowden said on Tuesday. In Seoul for the Summit for Democracy, Dowden on Monday announced what he hopes will…
Drones are key to gain advantage over Russia, Ukraine army chief says
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(Reuters) – The development of unmanned systems, or drones, is key to give Kyiv an advantage over “a numerically superior” Russian forces, Ukraine’s Commander-in-Chief Oleksandr Syrskyi said late on Monday. “The development of the use of unmanned systems is my priority,” Syrskyi said on Telegram after meeting his deputy, Vadym Sukharevskyi. “We are looking for…
Number of South Korea marriages edges up in 2023 after 11 years of falls
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SEOUL (Reuters) – The number of marriages in South Korea rose in 2023 for the first time in more than a decade, lifted by pent-up demand from couples delaying nuptials during the pandemic, but the data did not point to a sustained rebound in a rapidly ageing society. The slight rise in marriages last year…
North Korea’s Kim oversees firing drills with ‘super-large’ rocket launchers, state media says
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By Hyonhee Shin SEOUL (Reuters) – North Korean leader Kim Jong Un has overseen firing drills by artillery units in the western region involving “newly-equipped super-large” multiple rocket launchers, state media KCNA said on Tuesday. The drills came a day after South Korea and Japan reported North Korea’s launch of several short-range ballistic missiles into…
Israeli airstrikes kill 20 in Gaza, Palestinian officials say
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CAIRO (Reuters) – Twenty Palestinians were killed in the early hours of Tuesday in Israeli air strikes on Rafah and central parts of the Gaza Strip, Gaza health officials said. In the southern Gaza city of Rafah near the Egyptian border, where over 1 million Palestinians have sought shelter, 14 people were killed and dozens…
Avalanche in Russia’s Kamchatka kills two, authorities say
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(Reuters) – An avalanche in Russia’s Kamchatka Peninsula killed a 19-year-old man and a 44-year-old woman who were part of a larger ski tourist group, Russia’s Ministry of Emergency Situations said on Tuesday. “The day before, a registered tour group of 11 people went on a ski tour in the area of the Krasnoarmeysky mountain…
Thirteen miners trapped in Russian gold mine, authorities say
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(Reuters) – Thirteen miners were trapped after a rock fall in a gold mine in Russia’s Amur region, Russia’s Ministry of Emergency Situations said on Tuesday. “Communications are being restored and mechanized clearing of the transport slope is being carried out,” the ministry said on the Telegram messaging app. The accident occurred at the Pioneer…
Britain’s National Grid proposes $74 billion energy system upgrade
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By Susanna Twidale LONDON (Reuters) – Britain’s National Grid has proposed a 58 billion pound ($74 billion) investment programme to boost grid networks beyond 2030 to accommodate expected growth in electricity demand and an increase in renewable power projects. Britain has a target to decarbonise its power sector by 2035, which will require many more…
Soccer-British government to introduce independent football regulator
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LONDON (Reuters) -The British government is planning to establish an independent football regulator to oversee the sport and encourage financial stability via a bill introduced in parliament on Tuesday. The regulator will be independent of government and football authorities with the power to fine clubs up to 10% of their turnover for non-compliance with financial…
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AMMAN (Reuters) – Israel early on Tuesday launched missiles at several military targets outside the Syrian capital Damascus resulting in some “material damage,” Syria’s defense ministry said. Syrian air defenses intercepted Israeli “missiles and shot down some of them,” the ministry added in a statement. Iran has been a major backer of President Bashar al-Assad…
West decries Russia’s reelection of Putin; China, India vow closer ties
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By Matthias Williams and John Irish LONDON (Reuters) -Western governments lined up on Monday to condemn Russian President Vladimir Putin’s landslide reelection as unfair and undemocratic, but China, India and North Korea congratulated the veteran leader on extending his rule by a further six years. The contrasting reactions underscored the geopolitical fault lines that have…
Out of money, Pentagon chief looks to convince allies of commitment to Ukraine
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By Idrees Ali RAMSTEIN AIR BASE, Germany (Reuters) – U.S. Defense Secretary Lloyd Austin on Tuesday will try and convince European allies that President Joe Biden’s administration is still committed to supporting Ukraine, even as Washington has essentially run out of money to continue arming Kyiv and few signs that Congress will move to replenish…