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On New Year’s Day, president Volodymyr Zelenskyy pledged that 2023 would be Ukraine’s “year of victory”. Last week, Kyiv launched its long-awaited military counteroffensive to drive Russian forces out of the country. Early reports from the front line have so far been mixed. East of the capital, Ukrainian forces claim to have recaptured high ground
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Big asset managers are buying up UK government debt again, tempted by the higher yields on offer after a much faster sell-off than in other major bond markets. Two-year gilts suffered a sharp sell-off on Tuesday, with yields surging 0.25 percentage points to 4.89 per cent, the highest level since 2008. That followed official figures
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Ripple’s chief legal officer Stuart Alderoty has called for an investigation into the motivations that led to former SEC official William Hinman delivering his now-infamous speech in 2018. Alderoty’s demand for an investigation came as part of a June 13 Twitter thread following the public release of the Hinman documents. The documents revealed that Hinman’s
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Binance CEO Changpeng “CZ” Zhao has refuted accusations that Binance has been secretly selling Bitcoin (BTC) to artificially stabilize the price of its native token Binance Coin (BNB). The rumors have come from several market commentators, including analyst Dylan LeClair and Swan Bitcoin CEO Cory Klippsten, who have accused Binance of intentionally manipulating the market to artificially
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In this article GSBD GS MS KMI Follow your favorite stocksCREATE FREE ACCOUNT NANNING, CHINA – MAY 17, 2023 – A commercial residential property is seen in Nanning, South China’s Guangxi Zhuang autonomous region, May 17, 2023. Future Publishing | Future Publishing | Getty Images Weakness in China’s real estate sector could be a drag
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The latest salvo in the saga of the Puerto Rico Electric Power Authority bankruptcy, bondholders want the proposed plan of adjustment to not take effect until all appeals are exhausted. Bondholders said in an objection filed with the court that the result of their planned appeal of Judge Laura Taylor Swain’s decision against their lien
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Connecticut Gov. Ned Lamont on Monday signed into law a $51 billion two-year spending plan that includes what he called the largest cuts in the 32-year history of the state’s income tax.  The plan, which passed with strong majorities last week in both arms of the state’s Democratic-controlled legislature, allocates $25.1 billion to fiscal 2024
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Municipals were steady Tuesday largely ignoring a weaker U.S. Treasury market after the consumer price index print showed inflation cooling. Equities closed higher. The consumer price index report showed headline inflation rose 0.1% year-over-year. Ahead of this week’s policy meeting, Jeff Lipton, managing director of credit research at Oppenheimer Inc., said UST “bond yields have
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Donald Trump pleaded not guilty to the first federal criminal charges brought against a former US president during an initial appearance to answer an indictment at a courthouse in Miami on Tuesday. Trump has accused prosecutors of conducting a “witch hunt” in bringing the case over his alleged failure to return sensitive national security records
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Nadine Dorries, the former cabinet minister who claims she has fallen victim to “sinister forces” in Downing Street, is making her party leader and prime minister Rishi Sunak sweat by delaying her formal resignation as an MP. Dorries, who claims Sunak and his Number 10 allies blocked her elevation to the House of Lords, declared
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The UK jobs market is defying gravity. For months, Bank of England officials have warned that households should expect to feel poorer, as higher energy costs and rising interest rates made employers less willing either to hire or to raise wages in line with inflation. But the latest official data, released on Tuesday, showed workers
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It is natural for people to focus on problems at home. But it is also essential to take a wider view. The succession of shocks — the pandemic, supply constraints, Russia’s invasion of Ukraine, soaring inflation and tightening monetary and financial conditions — have adversely affected large parts of the world economy, but the weakest
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