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Democrats zoom in on Trump impeachment charges this week

WASHINGTON (Reuters) – Democratic lawmakers could vote this week on articles of impeachment against President Donald Trump, the House Judiciary Committee chairman said on Sunday as lawmakers sharpened their focus on charges of wrongdoing in his dealings with U... More »

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Schiff: focus on ‘overwhelming evidence’ in Trump impeachment

WASHINGTON (Reuters) – House Intelligence Committee Chairman Adam Schiff said on Sunday it was best to focus charges in the impeachment of President Donald Trump on where there was overwhelming evidence and not try to charge everything. “It’s always been my st... More »

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Teqball: Hosts Hungary dominate world championships

BUDAPEST (Reuters) – Hungary showed it remains the dominant force in teqball, a hybrid sport mixing football with table tennis, winning the singles and doubles world titles on Sunday. Adam Blazsovics easily won the singles title and teamed up with Csaba Banyik... More »

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Turkey says new Russian missile deal to happen before too long: RIA

MOSCOW (Reuters) – Turkey’s presidential administration has said that the purchase date for more S-400 missile systems from Russia is just a technicality and that it thinks a deal will happen before too long, the RIA news agency reported on Monday. Moscow hope... More »

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Stocks rally on Chinese data boost, cautious trade optimism

LONDON (Reuters) – Stock markets rebounded on Monday as decent manufacturing data in China and renewed optimism over a trade deal eroded some of the jitters which emerged among investors last week. The recovery in Europe followed gains in Asia, where share pri... More »

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Make up your minds, Merkel protegee tells new SPD leaders

BERLIN (Reuters) – The coalition deal forming the basis of Germany’s ruling alliance is not up for renegotiation and the new leaders of the Social Democrats (SDP) must decide whether or not they want to stay in government, Chancellor Angela Merkel’s protegee s... More »

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U.S. stock funds see fourth straight week of outflows: Lipper

NEW YORK (Reuters) – U.S. equity stock funds saw $390 million in outflows in the week ended on Wednesday, the fourth straight week of outflows for such funds, according to data released by Lipper on Friday. U.S. taxable bond funds attracted $5.9 billion, the 1... More »

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Euro zone inflation rises quicker than expected in November

BRUSSELS/FRANKFURT (Reuters) – Euro zone inflation accelerated faster than expected in November on a rise in food and services prices, likely comforting European Central Bank policymakers even if some factors pushing up prices may be only temporary. The ECB ha... More »

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France and Germany propose EU overhaul after Brexit upheaval

BRUSSELS (Reuters) – France and Germany put aside bilateral tensions on Tuesday to call for an overhaul of the EU, which has been buffeted over the past decade by a euro zone debt crisis, an influx of migrants and refugees, rising eurosceptic populism and Brex... More »

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From euro to ESM, Italy’s Salvini re-trains his eurosceptic fire

ROME (Reuters) – Matteo Salvini has recently dropped threats to take Italy out of the euro zone but the hard-right leader is now alarming European authorities with a new target for his eurosceptic anger: a planned reform of the region’s bailout fund. Euro zone... More »

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French doctor still treating patients at 98

CHEVILLY-LARUE, France (Reuters) – When French doctor Christian Chenay saw his first patients in 1951, penicillin was state of the art. Now 98 years old, he is still working and opens his surgery in the Paris suburbs two mornings a week for patients, some of w... More »

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U.S. stock funds lose $3.6 billion in week: Lipper

(Reuters) – U.S. equity funds saw $3.6 billion in outflows in the week ended on Wednesday, according to data released on Thursday by Lipper. U.S. taxable bond funds attracted $12.4 billion, the 15th straight inflow, while U.S. money market funds shed $25.3 bil... More »

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Furor erupts in Italy over euro zone bailout fund reform

ROME (Reuters) – Proposals to reform the euro zone’s bailout fund are creating a political storm in Italy, where parties and institutions are battling over whether Rome should try to block the reform at the EU level. A draft of the reform was agreed by euro zo... More »

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Shares grind towards record high as China trims key rate

LONDON (Reuters) – World shares were close to a record high on Monday, after Beijing surprised markets by trimming a key interest rate for the first time since 2015. In the latest show of support for its economy, China’s central bank cut rates on seven-day rev... More »

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Switching allegiances? Brexit stirs election doubts around England

CREWE, England (Reuters) – Jules Wilde has never voted for Britain’s Conservatives and would hate to do so at the Dec. 12 election, yet for the first time in his life, the 62-year-old carer is considering backing the governing party because of Brexit. Wrapped ... More »

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Microsoft updates terms on data privacy amid EU probe

BRUSSELS (Reuters) – Microsoft said on Monday it was updating the privacy provisions of its commercial cloud contracts after European regulators found its deals with European Union institutions failed to protect data in line with EU law. The EDPS, the EU’s dat... More »

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Turkey starts repatriation of captured Islamic State militants

ANKARA (Reuters) – Turkey said on Monday it had deported two Islamic State militants — a German and an American — beginning a programme to repatriate fighters that has caused friction with its NATO allies since it launched an offensive in northern Syria. Allie... More »

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Croatia’s foreign minister says NATO is necessary

BRUSSELS (Reuters) – Croatian Foreign Minister Grlic Radman defended NATO on Monday following criticism of the 70-year-old alliance from the United States and France. French President Emmanuel Macron said last week that NATO was dying, comments German chancell... More »

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Key Syrian White Helmets backer found dead in Istanbul: diplomat

ISTANBUL (Reuters) – The founder of an organization that trained the Syrian “White Helmets” emergency response group has died in Istanbul, his neighbor and a diplomat said on Monday. James Le Mesurier, founder of the Mayday Rescue group, was found dead early o... More »

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World shares fall as Hong Kong violence unnerves investors

LONDON (Reuters) – Shares across the globe fell on Monday, buffeted by escalating violence in Hong Kong that pushed Asian stocks to their worst day since August and stoked demand for the safe-haven yen and gold. In the 24th straight week of pro-democracy unres... More »

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‘Order!’: Meet the Belgian musician behind the Bercow dance remix

ANTWERP (Reuters) – The famous bellows of “Order!” by former British parliamentary Speaker John Bercow have shimmied their way out of Westminster and into a dance remix gone viral at the hands of Belgian dance musician Michael Schack. “John Bercow is probably ... More »

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Vietnam arrests eight more in connection with British deaths

HANOI (Reuters) – Police in Vietnam have arrested eight people in connection with the discovery of 39 dead people, all believed to be Vietnamese, in a truck near London last month, state media said on Monday, bringing the total number of arrests in Vietnam to ... More »

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EU agrees Brexit delay to January 31, eyes formal approval on Tuesday

BRUSSELS (Reuters) – The European Union agreed on Monday to delay Brexit until Jan.31, said the bloc’s chairman, Donald Tusk. “The EU27 has agreed that it will accept the UK’s request for a Brexit flextension until 31 January 2020,” Tusk said of the idea of a ... More »

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Italy’s Salvini triumphs in regional elections in Umbria

ROME (Reuters) – A right-wing coalition scored a net victory in a local election in the central Italian region of Umbria, official data from the Interior Ministry showed on Monday, giving a boost to Matteo Salvini’s League party. The vote in tiny Umbria, a tra... More »

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Second Turkish soldier dead after YPG militia attack: ministry

ISTANBUL (Reuters) – A Turkish soldier died in hospital after an attack by the Kurdish YPG militia in Syria’s Ras Al Ain region, Turkey’s Defense Ministry said on Monday, bringing the death toll from the attack to two. The ministry had said on Sunday that a ro... More »

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‘Never give up!’ Draghi tells Lagarde as he leaves ECB

FRANKFURT (Reuters) – European Central Bank President Mario Draghi told his successor on Thursday to “never give up” on propping up the euro zone economy in the face of a worsening outlook and little help from governments. At the last press conference of his e... More »

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Intrigue over absent masterpiece as da Vinci show opens doors

PARIS (Reuters) – A major exhibition marking 500 years since the death of Leonardo da Vinci opened in Paris on Thursday but there was intrigue over whether the “Salvator Mundi” painting of Christ, one of the best-known works attributed to the master, would mak... More »

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Kurdish-led forces say they have pulled out of Syria border town

BEIRUT/ANKARA (Reuters) – The Kurdish-led Syrian Democratic Forces (SDF) on Sunday said they had withdrawn from the border town of Ras al Ain under a U.S.-brokered ceasefire deal, but a spokesman for Turkish-backed Syrian rebels said the withdrawal was not yet... More »

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Facebook open to currency-pegged stablecoins for Libra project

WASHINGTON (Reuters) – Facebook Inc (FB.O), facing growing skepticism about its digital currency project Libra, on Sunday said the initiative could use cryptocurrencies based on national currencies such as the dollar, instead of the synthetic one it initially ... More »

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Bored by Brexit? British TV starts Brexit-free news channel

LONDON (Reuters) – After three years of Brexit crisis, Sky News is betting that some viewers are so bored by the divorce drama that there is a market for a channel dedicated to news that has nothing to do with Britain’s exit from the European Union. Ever since... More »

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U.S. stock funds see first weekly inflow in a month

(Reuters) – U.S. equity funds attracted $4 billion in the week ended Wednesday, the first inflow in four weeks, according to data release by Lipper. U.S. based taxable bond funds drew $6.3 billion, the tenth straight weekly inflow, while U.S.-based money marke... More »

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Brexit hits UK science funding, deters international researchers

LONDON (Reuters) – Uncertainty surrounding Britain’s exit from the European Union has hit science funding to the tune of almost half a billion euros and is putting off international researchers from coming to Britain, a leading institution said on Wednesday. A... More »

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Don’t be misled by Brexit jobs trickle – London finance chief

LONDON (Reuters) – Britain’s vast financial services industry will lose more jobs to Europe over the coming years because of Brexit, the City of London’s policy chief told Reuters, warning people not to be duped by the low number of job moves to the continent ... More »

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Irish PM’s popularity surges as Brexit takes centre stage: poll

DUBLIN (Reuters) – Irish Prime Minister Leo Varadkar’s approval rating has jumped sharply as voters back his government’s approach on Brexit ahead of a parliamentary election he wants to hold in May, a poll showed on Tuesday. However, the surge in Varadkar’s p... More »

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European Union aims to resume free trade talks with Thailand

BANGKOK (Reuters) – The European Union aims to resume negotiations with Thailand on a free trade agreement (FTA), the Council of the European Union said in a statement, after suspending trade talks following a 2014 military coup. Thailand held general election... More »

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Hong Kong faces more protests after night of violence

HONG KONG (Reuters) – Protest-scarred Hong Kong struggled to recover on Monday after scores of people were arrested in violent clashes overnight and as the last British governor of the Chinese-ruled city warned that people could be killed. “Before long, unless... More »

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U.S. stock funds post second straight weekly outflow

(Reuters) – U.S. equity funds saw $7.9 billion in outflows in the last week, the second consecutive weekly drawdown, as bond and money market funds drew money, according to data released by Lipper on Thursday. U.S.-based taxable bond funds attracted $641 milli... More »

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UK will leave the EU on October 31: finance minister Javid says

MANCHESTER, England (Reuters) – The United Kingdom will leave the European Union on Oct. 31, hopefully with a deal, finance minister Sajid Javid said on Monday. “Hopefully we leave with a deal,” Javid told ITV. “If we cannot strike a deal, I think it is import... More »

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Hungary finds African swine fever in wild boar near Budapest

BUDAPEST (Reuters) – Hungary’s national food safety authority Nebih has found five cases of African swine fever in wild boar carcasses near Budapest, it said on Sunday. The causes of the infections found in a closed hunting area in Budakeszi, west of the Hunga... More »

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EU ready to act alone on digital tax if no global deal in 2020

BRUSSELS (Reuters) – European Union commissioners-designate said the bloc should agree on a digital tax if no deal on the matter was reached at a global level by the end of next year, ramping up pressure on multinationals accused of paying too little. In writt... More »

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Governments must ensure ECB is not overburdened, Merkel says

FRANKFURT (Reuters) – Euro zone governments must reform their economies and use appropriate fiscal policies to ensure that the European Central Bank is not overburdened, German Chancellor Angela Merkel said on Thursday. Speaking at an event in Frankfurt, home ... More »

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Stocks sink on dismal euro zone data, dollar gains

NEW YORK (Reuters) – The dollar edged higher while global shares slid on Monday as euro zone equities clocked their worst day in a month after dismal business activity readings in Europe deepened fears of a looming recession there. Bond yields across the euro ... More »

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UK PM Johnson: Progress in next few days key to Brexit deal chances

LONDON (Reuters) – British Prime Minister Boris Johnson said on Sunday the next few days would be key to his chances of securing a Brexit deal, and that an agreement with the European Union was still his aim and still possible. With less than seven weeks remai... More »

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In break with past, Rome lets charity ship head to Italian port

ROME (Reuters) – Italy’s new government allowed a French charity ship to bring ashore 82 migrants on Saturday in an apparent reversal of the uncompromising, closed-door policy of the previous administration. However, Foreign Minister Luigi Di Maio, who heads t... More »

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France, Germany blast Facebook’s Libra, back public cryptocurrency

HELSINKI (Reuters) – France and Germany said on Friday that Facebook Inc’s (FB.O) Libra currency posed risks to the financial sector that could block its authorization in Europe, and backed the development of an alternative public cryptocurrency. The criticism... More »

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Draghi ties Lagarde’s hands with promise of indefinite stimulus

FRANKFURT (Reuters) – European Central Bank chief Mario Draghi pledged indefinite stimulus on Thursday to revive an ailing euro zone economy, tying the hands of his successor for years to come and sparking an immediate conflict with U.S. President Donald Trump... More »

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ECB’s tiered rate is cold comfort for euro zone banks

FRANKFURT (Reuters) – The European Central Bank is giving euro zone banks a small reprieve from a penalty charge on their idle cash but this is likely to prove too little, too late for a sector hurt by years of low interest rates. In its latest bid to shield t... More »

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Highlights: Draghi comments at ECB press conference

FRANKFURT (Reuters) – The European Central Bank approved a fresh stimulus package as expected on Thursday, cutting interest rates and approving a new round of bond purchases to prop up euro zone growth and halt a worrisome drop in inflation expectations. Follo... More »

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ECB cuts key rate, to restart bond purchases

FRANKFURT (Reuters) – The European Central Bank approved a fresh stimulus package as expected on Thursday, cutting interest rates and approving a new round of bond purchases to prop up euro zone growth and halt a worrisome drop in inflation expectations. The E... More »

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ECB gives banks relief from penalty rate with tiered system

FRANKFURT (Reuters) – Euro zone banks will be exempted from paying the European Central Bank a penalty charge on idle cash worth six times their mandatory reserves, the ECB said on Thursday. “This decision aims to support the bank-based transmission of monetar... More »

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ECB Draghi: Euro area economy in period of ‘protracted weakness’

FRANKFURT (Reuters) – European Central Bank President Mario Draghi said on Thursday that the euro zone economy was in a period of “protracted” economic weakness, with inflation staying low and the balance of risks tilted toward the downside. “Incoming informat... More »

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French literati ponder ‘brexit’ dictionary entry

PARIS (Reuters) – French literary types aghast at the political turmoil engulfing Britain as it seeks to leave the European Union launched a tongue-in-cheek Twitter campaign on Wednesday to add ‘Brexit’ to the national lexicon. French commentator Bernard Pivot... More »

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Merkel still sees every chance of orderly Brexit

BERLIN (Reuters) – German Chancellor Angela Merkel said on Wednesday there was still every chance for Britain’s divorce from the European Union to take place with a deal although Berlin is prepared for a disorderly Brexit in case that does not happen. British ... More »

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Yen falls as risk appetite rebounds before central bank meetings

LONDON (Reuters) – The Japanese yen fell on Wednesday as the rush into safe-haven assets during the summer continued to unwind on the back of rising risk appetite, while the euro paused before Thursday’s European Central Bank meeting. The yen had rocketed towa... More »

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Merkel: We’ll keep trying to find solutions with Iran to avoid…

BERLIN (Reuters) – Chancellor Angela Merkel said on Wednesday that Europe had decided to uphold the 2015 Iran nuclear deal and would keep trying to find solutions that averted escalation. “Step by step we will keep trying to find solutions with Iran that preve... More »

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Germany will do its part to avoid proxy war in Libya, says Merkel

BERLIN (Reuters) – Germany will do its part to avoid a proxy war in Libya, Chancellor Angela Merkel said on Wednesday, warning that the situation in the north African country risked destabilizing the whole of Africa. “In Libya, a situation is developing that c... More »

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Merkel: Economic situation means German tax revenues could fall

BERLIN (Reuters) – Chancellor Angela Merkel said on Wednesday that the current economic situation in Germany meant tax revenues could come in lower than expected. Europe’s largest economy contracted by 0.1% quarter-on-quarter in the April-June period and some ... More »

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Merkel: U.S.-China trade conflict hitting Germany

BERLIN (Reuters) – Chancellor Angela Merkel said on Wednesday that the trade conflict between the United States and China was hitting Germany, which has traditionally relied on exports to propel its economy. “We have international uncertainty due to the U.S.-C... More »

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UK’s Johnson sticking to Brexit plans, says foreign minister

LONDON (Reuters) – Prime Minister Boris Johnson remains determined to pull Britain out of the European Union on Oct. 31 come what may, his foreign minister said on Sunday. Johnson, who has lost his majority in parliament and has seen his bid to call an early n... More »

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UK would still have to pay its EU budget bill – Moscovici

PARIS (Reuters) – Britain would still have to honour all its financial obligations made during its membership of the European Union even if a ‘no-deal’ Brexit occurred, said EU Economics Commissioner Pierre Moscovici on Tuesday. British Prime Minister Boris Jo... More »

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No consensus on inviting Russia to G7 next year: Macron

BIARRITZ, France (Reuters) – French President Emmanuel Macron said on Monday G7 leaders had not reached a consensus on inviting Russia to next year’s G7 summit in the United States. Macron added that he and German Chancellor Angela Merkel would organize a summ... More »