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Some analysts see imminent Fed halt to balance sheet drawdown on rate turbulence

By Michael S. Derby -Some Wall Street analysts now believe the Federal Reserve will pull the plug on its long-running effort to shrink its balance sheet at the end of the month. These central bank watchers believe the ground has shifted for quantitative tightening, or QT, ...
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Kroger to hire 18,000 workers for 2025 holiday season, fewer than last year

(Reuters) -Kroger said on Monday its family of companies are looking to hire over 18,000 associates as the U.S. grocer preps for the busy holiday season, about 7,000 fewer than last year. The hires would be focused on customer-facing roles such as cashiers, baggers, deli ...
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Factbox-Trump’s tariffs: What’s in effect and what could be in store?

WASHINGTON (Reuters) -U.S. President Donald Trump has launched a global trade war with an array of tariffs that target individual products and countries.  Trump has set a baseline tariff of 10% on all imports to the United States, as well as additional duties on certain ...
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Brazil’s bar, restaurant sales fall amid beverage poisoning cases, survey finds

By Igor Sodre SAO PAULO (Reuters) -Sales in Brazilian bars and restaurants dropped 4.9% in September compared to August amid growing cases of methanol contamination in alcoholic beverages, data released by payment company Stone and the Brazilian Association of Bars and Restaurants Abrasel showed on ...
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Bank of Canada says firms’ outlooks remain subdued amid trade tensions

By Promit Mukherjee and David Ljunggren OTTAWA, Oct 20 (Reuters) – Canadian firms feel conditions are slightly better than earlier in the year but they are unlikely to boost investments or hiring given the dampening effect of U.S. tariffs, a Bank of Canada survey showed ...
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Explainer-Why Gucci-owner Kering is selling its beauty business to L’Oreal

By Linda Pasquini and Leo Marchandon (Reuters) -Gucci-owner Kering has agreed to sell its beauty business to L’Oreal for 4 billion euros ($4.7 billion) in a strategic shift by new CEO Luca de Meo, who is trying to cut the luxury group’s debt and refocus ...
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Ari Emanuel’s MARI buys digital ticketing platform TodayTix

(Reuters) -Global events company MARI said on Monday it has acquired TodayTix Group (TTG), getting access to its platforms that sell tickets for live performances ranging from operas in New York to plays by London’s Royal Shakespeare Company. The deal adds to MARI’s rapidly expanding ...
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Green energy firm DeepGreenX pulls plug on direct listing amid ongoing shutdown

(Reuters) -Green energy and technology company DeepGreenX Group withdrew its registration statement for a direct listing in the United States on Monday, as the federal government shutdown hit the 20-day mark. In a filing with the U.S. Securities and Exchange Commission, DeepGreenX said the company ...
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Cambodia opens a new $2 billion airport to serve Phnom Penh

PHNOM PENH, Cambodia (AP) — Cambodia’s Prime Minister Hun Manet on Monday inaugurated a major new airport to serve the capital Phnom Penh and boost tourism and foreign investment. Techo International Airport is a three-runway facility that replaces the nearly 70-year-old Phnom Penh International Airport, ...
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Arm expands AI licensing program to boost on-device AI market share

(Reuters) -Arm Holdings said on Monday it is expanding its Flexible Access licensing program to cover its Armv9 edge AI platform, aiming to attract startups and device makers developing on‑device AI by lowering entry barriers and accelerating design cycles. The Flexible Access program allows companies ...
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A fire aboard a gas tanker off the coast of Yemen kills 2 mariners

DUBAI, United Arab Emirates (AP) — A fire that erupted on a Cameroonian-flagged gas tanker traveling through the Gulf of Aden killed two mariners on board, authorities said Monday, as the ship remained adrift off the coast of Yemen. The blaze aboard the Falcon began ...
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Amazon cloud computing outage disrupts Snapchat, Ring and many other online services

LONDON (AP) — Internet users around the world faced widespread disruption early on Monday because of a problem at Amazon’s cloud computing service that took down dozens of major online services, including social media site Snapchat, the Roblox and Fortnite video games and chat ...
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