Today's Top Story
Top U.S. fuel pipeline edges toward reopening as gasoline shortages worsen
(Reuters) - The top U.S. fuel pipeline, which has been disabled by a cyberattack for six days, sent workers to manually release some stored supplies on Wednesday as fuel shortages across the Southeast worsened and motorists fumed. Read More
Business News
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Amazon wins court fight against $303 million EU tax order, Engie loses
BRUSSELS (Reuters) - Amazon on Wednesday won its fight against an EU order to pay about 250 million euros ($303 million) in back taxes to Luxembourg as Europe's second highest court dealt a blow to the bloc's crackdown against unfair tax deals for multinationals.
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Uber, Lyft want more public subsidies to meet California EV mandates
(Reuters) - California clean-air regulators want nearly all trips on Uber and Lyft ride-hailing platforms to be in electric vehicles, mandating costly measures that the companies call unrealistic without more public subsidies for EVs.
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Digital coin ether hits record high as 2021 gains near 500%
LONDON (Reuters) -Cryptocurrency ether hit a record high on Wednesday, taking gains this year to almost 500% on the back of a growing interest in decentralised finance applications and increasing institutional interest in cryptocurrencies.
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Economic News
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Futures slip with focus on inflation report
(Reuters) - U.S. stock index futures slipped on Wednesday as investors cautiously awaited inflation data that could force the Federal Reserve to reconsider its ultra-loose monetary policy.
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Euro zone to rebound more strongly, borrowing curbs to stay on hold -EU
BRUSSELS (Reuters) -The euro zone economy will rebound from its COVID-19 slump more strongly than previously thought this year and next, the European Commission said, but EU borrowing limits should remain suspended in 2022 so as not to jeopardise that recovery.
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IEA sees oil demand recovery outpacing growth in supply
LONDON (Reuters) - Oil demand is already outstripping supply and the shortfall is expected to widen even if Iran boosts exports as vaccinations against COVID-19 bolster the global economy, the International Energy Agency (IEA) said on Wednesday.
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Money News
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BlackRock expands China footprint with wealth management licence
SHANGHAI (Reuters) -BlackRock Inc has received a licence in China for a majority-owned wealth management venture, expanding its footprint in the country's fast-growing asset management market.
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Analysis: What happened when a U.S. state required details on corporate diversity
(Reuters) - Aerospace company Boeing Co was explicit, naming who among its dozen directors were women, Asian and African American. Agricultural giant Archer Daniels Midland Co offered a more general accounting, saying its board was 55% diverse.
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Investor Legal & General backs activist in Exxon proxy battle
HOUSTON (Reuters) -Britain's biggest asset manager, Legal & General, on Tuesday said it will vote for an activist hedge fund's board slate at Exxon Mobil's shareholder meeting later this month, fueling a pitched fight over the oil major's future.
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