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The Saudi investment king who no longer rules alone

(Refiles to add dropped words in paragraph 27) * Saudi wealth fund bought nearly 17% of Prince Alwaleed's firm * Sovereign fund likely to an active investor - sources * PIF may benefit from Alwaleed's investing style - analysts By Hadeel Al Sayegh and Saeed Azhar DUBAI, June 15 (Reuters) - The prince who's the international face of Saudi business m
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China's Didi faces rocky path to growth after winning U.S. delisting nod

By Julie Zhu HONG KONG, May 25 (Reuters) - Didi Global DIDI.N may have ensured its survival after winning shareholders' nod for a U.S. stock delisting but a quick return to growth won't be easy for the Chinese ride-hailer as it still faces regulatory scrutiny and as COVID-19 has hurt the business. Didi's U.S. withdrawal less than a year after its d
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Deutsche Bank enters new era as chairman's rocky decade ends

(Updates with Wynaendts being voted in as chairman) By Tom Sims and Frank Siebelt FRANKFURT, May 19 (Reuters) - Deutsche Bank looked to open a new chapter on Thursday as its shareholders voted in a successor to Paul Achleitner as chairman, after a rocky decade during which Germany's largest lender lost billions and saw its share price plummet. Alex
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Badminton-South Korea dethrone China to end 12-year Uber Cup drought

May 14 (Reuters) - South Korea ended their 12-year wait for an Uber Cup title with a 3-2 upset of defending champions China that was only decided in the last singles match of the final in Bangkok, Thailand on Saturday. With the scores locked at 2-2, world number 46 Sim Yu-jin stunned China's 15th-ranked Wang Zhiyi 28-26 18-21 21-8 in an 88-minute b
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Brazil eyes social security plan for mobile app workers

By Lisandra Paraguassu BRASILIA, April 27 (Reuters) - Brazil's government is studying the creation of a social-security system for mobile app workers, especially for delivery and transportation services, Labor Minister Jose Carlos Oliveira said on Wednesday. Technology companies and gig workers would contribute to the new welfare system, which will
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British Business - April 26

April 26 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times UK's Financial Conduct Authority is using emergency powers to prevent financial advisers from disposing of their assets to avoid paying compensation to former Bri
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Wall Street Journal - April 20

April 20 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Blackstone Inc BX.N agreed to buy student-housing owner American Campus Communities Inc ACC.N in a deal valuing the company at about $12.8 billion, including debt, a bet that rents will c
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British Business - April 20

April 19 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Spiralling inflation is a "clear and present" danger to the world economy, the International Monetary Fund warned as it slashed its global growth forecasts amid
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Financial Times - April 6

April 6 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Uber adds planes and trains to automobiles in renewed 'super-app' push on.ft.com/3j7RaPF - Instagram cuts influencer payments for short videos on.ft.com/3uUTvTH - Kwasi Kwarteng orde
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New York Times business news - March 29

March 29 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - Fifty years after he founded the company, Frederick Smith announced on Monday that he will step down as FedEx's FDX.N chief executive officer in June. Raj Subramaniam, the curre
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Wall Street Journal - March 25

March 25 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Apple Inc AAPL.O said a judge's ruling that it was violating California's unfair-competition law should be overturned because she had already found the iPhone maker's in-app payment syste
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Wall St set to rebound, investors watch NATO summit

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Uber surges on deal to list all NYC taxis on app * Tesla rises as Hertz adds Model Y SUV to its fleet * Futures up: Dow 0.4%, S&P 0.5%, Nasdaq 0.6% By Devik Jain March 24 (Reuters) - U.S. stock indexes were set to rebound on Thursday from
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U.S. ride-hail drivers at career crossroads over record gas cost

By Nivedita Balu and Tina Bellon March 8 (Reuters) - Uber drivers are protesting on social media over record U.S. gasoline prices eating into their earnings just as the ride-hailing firm raised its profitability outlook, with some asking whether it was still worth getting behind the wheel. U.S. retail gasoline prices hit an all-time of $4.173 on Tu
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British Business - Feb 14

Feb 14 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Britain must keep drilling for gas in the North Sea for "reasons of energy security", the energy minister Greg Hands has said, as the Ukraine crisis fuels fears o
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UK Stocks-Factors to watch on Dec 10

Dec 10 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Friday, with futures FFIc1 down 0.45%. * AB FOODS: Associated British Foods ABF.L said trading to date in its new financial year at its Primark fashion business had been ahead of expectations with improved like-for-like sales compared to the fourth quarter of its last year.
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UK Stocks-Factors to watch on Dec. 10

Dec 10 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Friday, with futures FFIc1 down 0.27%. * EMPLOYEE BENEFITS: The European Commission announced draft rules to give many drivers for online firms such as Uber UBER.N and Deliveroo ROO.L employee benefits, a move labour unions say is overdue but some companies argue will lead t
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UK Stocks-Factors to watch on Dec 8

Dec 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 9 points lower on Wednesday, with futures FFIc1 down 0.2% according to financial bookmakers. * MAN GROUP: Man Group EMG.L announces that it intends to buy back shares up to a value of $250 million. * SSP: Upper Crust owner SSP Group SSPG.L reported a bigger annual loss due to pandemic
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UK Stocks-Factors to watch on Dec 8

Dec 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 9 points lower on Wednesday, according to financial bookmakers. * WOODSIDE-BHP MERGER: Woodside Petroleum WPL.AX is confident that its shareholders will vote in favour of the planned merger with BHP Group's BHP.AX petroleum arm in 2022, its chief executive said. * EU RULES: Uber UBER.
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British Business - Dec 7

Dec 7 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - London-based artificial intelligence drug discovery group Benevolent AI has struck the largest European special purpose acquisition company merger, attracting a va
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Didi shares plunge more than 20% on plan to delist from NYSE

By Julie Zhu and Kane Wu HONG KONG, Dec 3 (Reuters) - Just five months after its debut, ride-hailing giant Didi Global DIDI.N said it plans to withdraw from the New York Stock Exchange and pursue a Hong Kong listing, a stunning reversal as it bends to Chinese regulators angered by its U.S. IPO. Reaction from investors was swift: the company's share
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