By Paresh Dave OAKLAND, Calif. (Reuters) – Government contractor ID.me, which checks the identity of benefits applicants, had no basis for its claim that almost half of unemployment aid during t[...]
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Politics
Burberry’s London stores lose out as tourists head to tax-free Paris, Milan
By Paul Sandle and Sarah Young LONDON (Reuters) – London is losing out to Paris and Milan as a tourist destination for high-spending shoppers over the lack of a tax incentive, British luxury bra[...]
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New G20 irritant for Biden: Restrictive U.S. electric vehicle tax subsidies
By David Lawder NUSA DUA, Indonesia (Reuters) – Electric vehicles (EVs) shuttled G20 delegations and security forces across the southern tip of Bali this week in a symbolic show of Indonesia[...]
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Brazil crypto law back on agenda as FTX collapse sends shockwaves
By Isabel Woodford (Reuters) – Brazilian crypto advocates are urging lawmakers to give final approval on a bill aimed at boosting oversight of the sector, after the collapse of FTX – once[...]
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Analysis-Political gridlock may help U.S. stocks but inflation still in driver’s seat
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Split control of the U.S. Congress following the midterm elections may provide a tailwind for stocks at the end of a bruising year, but inflation and th[...]
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S&P pushes Argentina’s local currency rating deeper into junk territory
(Reuters) – Ratings agency S&P Global on Wednesday cut Argentina’s long-term local currency sovereign credit rating by two notches to “CCC-” from “CCC+” to refl[...]
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Lockheed gets Microsoft classified cloud to speed work with Pentagon
By Mike Stone WASHINGTON (Reuters) – Microsoft will provide Lockheed Martin with its first classified cloud as part of a three-year deal, executives said on Wednesday, making it easier for the U[...]
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Oil falls as Druzhba pipeline reopens, China COVID worries stay at the fore
By Shariq Khan BENGALURU (Reuters) -Oil prices settled more than a dollar lower on Wednesday after Russian oil shipments via the Druzhba pipeline to Hungary restarted and as rising COVID-19 cases in C[...]
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Reason to be ‘cautiously optimistic’ on renewal of Ukraine grain deal -U.N. source
(Reuters) – A United Nations source on Wednesday said they have reasons to be “cautiously optimistic” on the renewal of the Black Sea grains initiative, which is set to roll over on[...]
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