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CARACAS (Reuters) – Venezuela’s new “petro” cryptocurrency will attract investments from Turkey, Qatar, the United States and Europe, the country’s cryptocurrency regulator said on Friday. The government of President Nicolas Maduro, which says the petro will help skirt financial sanctions by Washington, has scheduled the first petros sale for Tuesday. Skeptics say that concerns about
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NEW YORK (Reuters) – U.S. stock markets are unlikely to return to the unusually calm conditions seen last year, even though equities have already recovered more than half the ground lost in the recent selloff and traders have rapidly dialed down fear. Stock market volatility spiked to a multi-year high in the selloff and some
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LAGOS (Reuters) – Film fans, actors and comic enthusiasts in Nigeria’s commercial capital Lagos have been flocking to screenings of Marvel superhero movie “Black Panther” which opened in Africa’s most populous country this week. The Walt Disney Co movie, which features a predominantly black cast, is set in the fictional African nation of Wakanda. It
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LONDON (Reuters) – Canadian luxury outerwear brand Sentaler made its first foray into London Fashion Week on Friday, with a private showcase that aimed to capitalise on its recent association with Meghan Markle, the actress fiancée of Britain’s Prince Harry. For fashion brands, having apparel seen on a member of Britain’s royal family can lead
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(Reuters) – British aid organisation Oxfam said on Friday that it would create an independent commission to review the charity’s practices and culture after accusations of sexual misconduct in Haiti. Britain’s The Times newspaper reported last week that some Oxfam staff had paid for sex with prostitutes in Haiti after the country’s 2010 earthquake. Oxfam,
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FLAGLER COUNTY, Fla (Reuters) – Down the palm tree-lined roads of northeast Florida’s Flagler County, a half-dozen dump trucks are shuttling back and forth along the Atlantic coast pouring thousands of tons of sand onto the local beach. Replacing sand swept away by waves and wind is critical work to protect seaside homes and businesses
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SEOUL (Reuters) – Only weeks into a new job heading General Motors Co’s international operations, Barry Engle flew into a frigid South Korea in January and held a series of meetings with government officials to discuss the future of GM’s loss-making local unit. In what they thought were meet-and-greet introductions, senior officials agreed to work
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LONDON Reuters) – British retail sales barely rose in January, suggesting consumer demand remained lacklustre at the start of 2018, official figures showed on Friday. Britons kicked off 2018 with a bigger-than-normal splurge on gym wear, but this was offset by falling food sales, the Office for National Statistics said. Overall, retail sales volumes rose
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LOS ANGELES (Reuters) – Jeffrey Tambor, the award-winning star of Amazon Studios television series “Transparent,” is exiting the show, the company said on Thursday, following accusations of sexual misconduct. Tambor, 73, said in an emailed statement he was “profoundly disappointed in Amazon’s handling of these false accusations against me.” Tambor played the lead role of
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