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UnitedHealth brushes off hit from ‘tripledemic’ of respiratory diseases

By Leroy Leo and Khushi Mandowara (Reuters) – UnitedHealth Group Inc said on Friday the so-called “tripledemic” of respiratory diseases in the winter had not substantially driven up medical costs at its health insurance business in the fourth quarter. Medical costs of the industry bellwether, the first health insurer to report its fourth-quarter earnings, were …

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UK FTSE 100 at highest since May 2018, boosted by economic data

By Shashwat Chauhan and Johann M Cherian (Reuters) -UK’s FTSE 100 closed at its highest since May 2018 on Friday, with AstraZeneca among the top gainers, while investors were relieved by how the domestic economy performed in November. The blue chip FTSE 100 closed 0.6% higher, recording its second straight week of gains. In November, …

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Israel’s Netanyahu defends plan to rein in judiciary

By Maayan Lubell JERUSALEM (Reuters) – Israeli Prime Benjamin Netanyahu defended on Friday a proposed shakeup of the judiciary but also indicated changes could be made to draft legislation that critics say would damage democracy and the independence of courts. The 73-year-old political veteran, who is on trial for corruption charges that he denies, returned …

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Factbox-Global banks cut jobs as cost pressures mount

LONDON (Reuters) – Global banks are in the process of cutting over 6,000 jobs as profits at lucrative investment banking units come under pressure from volatility in capital markets and fast-rising interest rates, according to a Reuters tally of reported cuts. Rapidly deteriorating economic conditions have also prompted lenders to build rainy-day funds to brace …

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India caps trading margin on resale of gas from deep sea fields

By Nidhi Verma NEW DELHI (Reuters) – India has capped trading margins on the resale of gas produced from deepwater blocks, according to a government order issued on Friday, to cut profiteering by traders and bring down prices. The federal government fixes the ceiling price of gas produced from the deepwater fields as the nation …

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U.S. rejects Bill Hwang’s sandbagging claim in Archegos prosecution

By Jonathan Stempel NEW YORK (Reuters) – The U.S. Department of Justice forcefully rejected Bill Hwang’s claim that it sandbagged him by concealing its plan to charge him with fraud over the collapse of his $36 billion Archegos Capital Management LP. In a Thursday night filing in Manhattan federal court, prosecutors said there was no …

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El Ibex cierra en positivo por el buen ánimo sobre la inflación

13 ene (Reuters) – El principal selectivo bursátil español consolidó el viernes su cuarta sesión al alza, impulsado por los indicios de que la inflación se ralentiza. El dato sobre la confianza de los consumidores estadounidenses de que la presión sobre los precios podría empezar a caer también contribuyó al tono positivo. Igualmente, los mercados …

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Explainer-West mulls sending German Leopard 2 tanks to Ukraine

BERLIN (Reuters) – German Chancellor Olaf Scholz is under pressure to approve an increase in international military support for Kyiv by allowing the export of Leopard 2 battle tanks to Ukraine. Germany has resisted such a move so far, saying Western tanks should only be supplied to Ukraine if there is agreement among Kyiv’s main …

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U.S. consumer inflation expectations fall in January

WASHINGTON (Reuters) – U.S. consumers believe price pressures will ease considerably over the next 12 months, with a survey on Friday showing their one-year inflation outlook falling in January to the lowest level since the spring of 2021. The University of Michigan Surveys of Consumers said the one-year inflation outlook slipped to a preliminary reading …

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Biden tells Kishida U.S. strongly supports defense of Japan

WASHINGTON (Reuters) – U.S. President Joe Biden welcomed Japanese Prime Minister Fumio Kishida at the White House on Friday and told him that the United States strongly supports the defense of Japan. In their Oval Office meeting, Biden also thanked Kishida for strong leadership in working closely on technology and economic issues. (Reporting by Andrea …

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