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Tanks for Ukraine are in sight, Vietnam's president quits, and bond traders get their swagger back by Linda Noakes |
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People walk outside Beijing Railway Station as they travel for Spring Festival ahead of Chinese Lunar New Year festivities, January 16, 2023. REUTERS/Thomas Peter |
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Houses in Seacliff that were damaged by flooding are seen in Aptos, California, January 16, 2023. REUTERS/Daniel Dreifuss |
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- The parade of atmospheric rivers that pounded California for three weeks finally faded, enabling the state to begin lengthy repairs to roads and levees as the White House announced President Joe Biden planned to survey the damage.
- This week's revelations that Biden stored classified documents in his Delaware home from his time as vice president have caused a political headache for him and the Democratic party, just as he approaches a difficult re-election bid. No visitor logs exist for Biden's home as it is a private residence, the White House Counsel and Secret Service said.
- Biden marked the Martin Luther King Jr. holiday by adopting a fighting stance against proposals floated by Republicans who control the House, dismissing some as "fiscally demented."
- An unsuccessful Republican state House candidate in New Mexico was arrested and accused of orchestrating recent shootings at four local elected officials' homes, the Albuquerque Police Department said.
- Six people including a six-month-old baby cradled in the arms of her 17-year-old mother were shot dead at a home in California's main agricultural valley in what authorities called a targeted attack and "horrific massacre."
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A man walks by the New York Stock Exchange, January 5, 2023. REUTERS/Andrew Kelly
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- Bond traders are stars again on Wall Street. Fixed income, currencies and commodities traders bolstered bank profits last year despite dreary deal markets. And traders who have navigated renewed market volatility are set to extend their winning streak, senior bankers told Reuters.
- The West's top energy firms are expected to rake in a combined record profit of $200 billion from a turbulent 2022 marked by huge volatility in oil and gas prices after Russia's invasion of Ukraine with buoyant earnings likely to roll through 2023.
- Goldman Sachs reported a 69% drop in fourth-quarter profit due to heavy losses in its consumer business and a slump in dealmaking that hit its investment banking unit.
- Elon Musk and Tesla are set to go to trial in San Francisco today in a case where the company's shareholders claim they were defrauded by Musk's 2018 statement that funding was "secured" to take the electric car maker private.
- LVMH shares rose to a fresh record high, giving the luxury goods group a market capitalization of $434 billion for the first time and cementing its lead as Europe's most valuable company.
- Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new meme coin. Read our weekly analysis of the wild world of cryptocurrencies.
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The Laser Lightning Rod is seen in action at the top of Mount Santis in Switzerland |
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