02 June

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Analysis-Hacks force Biden into more aggressive stance on Russia By Reuters

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By Andrea Shalal WASHINGTON (Reuters) - A ransomware attack on JBS, the world's largest meatpacker, by a criminal group likely based in Russia has strengthened the Biden administration's resolve to hold Moscow responsible for costly cyber assaults - even if they are not directly linked to the Kremlin. U.S. President Joe Biden has launched a review of the threat posed by ransomware attacks and he will discuss the issue of harboring such hackers with Russian President Vladimir Putin this month, the White House said on Wednesday. "President Biden certainly thinks that President Putin and the Russian...

02 June

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Analysis: Hacks force Biden into more aggressive stance on Russia By Reuters

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02 June

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JBS workers set to return as White House blames Russia over hack By Reuters

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By Nandita Bose and Tom Polansek WASHINGTON/CHICAGO (Reuters) - JBS SA employees were scheduled to return to U.S. meat plants on Wednesday, a day after the company's beef operations stopped following a ransomware attack. A notorious Russia-linked hacking group is behind the cyberattack against JBS that disrupted meat production in North America and Australia, a source familiar with the matter said. Brazil's JBS controls about 20% of the slaughtering capacity for U.S. cattle and hogs, so the plants' reopening should prevent a severe supply chain disruption at a time consumers are already facing high meat...

02 June

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Wizz Air boss criticises Belarus overflight bar By Reuters

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(Corrects spelling of CEO's first name in second paragraph) By Laurence Frost PARIS (Reuters) - The chief executive of Wizz Air criticised European governments on Wednesday for barring flights over Belarus in response to the forced landing of a passenger plane, saying such moves made aviation "a toy of politics". "I don't think this is the right response," Jozsef Varadi told Reuters as the low-cost carrier presented its full-year results. "I don't think aviation should be used as a means for political sanctions." Authorities including the European Union Aviation Safety agency advised against overflying Belarus...

02 June

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UK health minister confirms talks with AstraZeneca over new variant vaccines By Reuters

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LONDON (Reuters) - Britain is in talks with Oxford and AstraZeneca (NASDAQ:AZN) for additional doses of their COVID-19 vaccine that has been changed to better target the "beta" coronavirus variant first identified in South Africa, health minister Matt Hancock said on Wednesday. "We've started commercial negotiations with AstraZeneca to secure a variant vaccine: future supplies of the Oxford AstraZeneca vaccine that have been adapted to tackle the B.1.351 variant first identified in South Africa," Hancock said in a speech at Oxford University. ...

02 June

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French prosecutor seeks jail for Orange CEO in appeals trial over Tapie affair By Reuters

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PARIS (Reuters) - A French prosecutor on Wednesday told judges of the Paris appeals court that Orange's boss Stephane Richard should face three years in jail for his alleged involvement in a disputed compensation payment made by the state in 2008, a spokesman for Richard said. The prosecutor's penalties, which also include a 100,000-euro fine as well as the prohibition from voting or holding a public office for five years, are similar to the ones pronounced two years ago in a first fraud trial that ended with Richard being cleared of any wrongdoing. The...

02 June

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Analysis: Linker bonds: inflation-proof or inflated expectations? By Reuters

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By Dhara Ranasinghe and Abhinav Ramnarayan LONDON (Reuters) - Investors are piling into bonds offering protection from rising consumer prices as they brace for the strongest period of global inflation in more than a decade, but could the market be overplaying the risk of a price surge? U.S. breakeven rates, which reflect bond market inflation expectations, signal inflation in the years ahead of 2.4%-2.6% in the United States, sparking demand for U.S. Treasury Inflation-Protected Securities (TIPS). Inflows of $2 billion during the week to May 19 were the largest in 24 weeks, according to BoA, following...

02 June

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Analysis: Investor magnet Israel tarnished by Palestinian conflict, but pull still strong By Reuters

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By Tom Arnold LONDON (Reuters) - As the Israeli-Palestinian conflict's bloodiest chapter in years played out last month, the world's biggest sovereign wealth fund said it was dropping two Israeli companies from its investment portfolio on humanitarian grounds. Acting on a recommendation by the $1.3 trillion Norwegian fund's ethics committee made in late 2020, the timing of that announcement was a coincidence. But coming during an 11-day battle in which hundreds of Palestinians died, it offered a brutal reminder of the ethical choices that global investors must make in exchange for parking money in a country...

02 June

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Lands’ End Surges After Surprising With Quarterly Profit, Raising Guidance By Investing.com

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By Dhirendra Tripathi Investing – Lands’ End (NASDAQ:LE) shares popped in premarket trade Wednesday after the company surprised the market with a quarterly profit and revised guidance higher. The apparel retailer reported a profit of 8 cents per share for the quarter when it was expected to show a loss of 47 cents. Net revenue for the quarter ended April 30 came at $321.3 million, 48.1% higher year-on-year and also higher than the same quarter of the pre-pandemic 2019. The retailer of casual wear and accessories benefited from the Covid-driven growth in ecommerce sales as...

02 June

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GameStop boosts teen interest in investing – survey By Reuters

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By Sinéad Carew (Reuters) - While traders were flocking to GameStop (NYSE:GME) earlier this year, the stock was also capturing the imagination of U.S. teenagers, according to a survey from Wells Fargo (NYSE:WFC). A third of teens say they are learning financial lessons from the internet and social media, according to the survey of 13 to 17 year olds and parents of teenagers. And almost half of the teens say they are more interested in investing thanks to GameStop, whose shares have surged due to its popularity among members of online investor forums....

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Analysis-Hacks force Biden into more aggressive stance on Russia By Reuters

Analysis: Hacks force Biden into more aggressive stance on Russia By Reuters

JBS workers set to return as White House blames Russia over hack By Reuters

Wizz Air boss criticises Belarus overflight bar By Reuters

UK health minister confirms talks with AstraZeneca over new variant vaccines By Reuters

French prosecutor seeks jail for Orange CEO in appeals trial over Tapie affair By Reuters

Analysis: Linker bonds: inflation-proof or inflated expectations? By Reuters

Analysis: Investor magnet Israel tarnished by Palestinian conflict, but pull still strong By Reuters

Lands’ End Surges After Surprising With Quarterly Profit, Raising Guidance By Investing.com

GameStop boosts teen interest in investing – survey By Reuters

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