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‘Optimistic’ Fed policymakers see U.S. economy about to boom By Reuters

By Ann Saphir NEW YORK (Reuters) - Federal Reserve policymakers are optimistic about the U.S. economic outlook as more Americans are vaccinated and government aid gets to households and businesses, and they are not going to stand in its way. Richmond Fed President Thomas Barkin compared the pandemic economy to a roller-coaster pausing just before a thrilling high-speed plunge. "The final...

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Medical cannabis firm Northern Leaf raises 14 million pounds before London IPO By Reuters

(Reuters) - Medical cannabis cultivator Northern Leaf Ltd has raised 14 million pounds ($19.21 million) in an oversubscribed offering over the past month, adding five global institutional investors before its London debut later this year, the company's adviser told Reuters. The capital raise comes just months after Jersey-based Northern Leaf became the only second firm to receive a license to grow medical...

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Mercedes-Benz to Start Electric Van Production in U.S. in 2023 By Bloomberg

(Bloomberg) -- Mercedes-Benz is bringing production of its new electric delivery van to the U.S. in the second half of 2023, joining a herd of automakers seeking to capitalize on the greening of e-commerce. The commercial-van unit of Daimler AG (DE:DAIGn) will build the next-generation eSprinter at its plant north of Charleston, South Carolina, alongside a combustion-engine version of...

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British racism commission calls for shift from unconscious bias training – FT By Reuters

(Reuters) - A commission of inquiry into racism in Britain will recommend unconscious bias training be dropped in favour of more "evidence-based approaches" to fight inequality in workplaces, the Financial Times reported. The Commission on Race and Ethnic Disparities will argue that racial disparities cannot be attributed solely to racism, the newspaper added. The 264-page report from the Commission will be released...

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Asian stocks set to rise as focus shifts to China’s PMI, bond yields By Reuters

By Alwyn Scott NEW YORK (Reuters) - Asian stocks were set to open higher on Wednesday, as global financial shares retraced some of their recent losses, driven in part by higher bond yields, and investors awaited a closely watched Chinese factory activity survey. While Wall Street ended lower as yields weighed on tech shares, financial stocks rose, their gains helped by signs...

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Canada shares lower at close of trade; S&P/TSX Composite down 0.05% By Investing.com

Investing.com – Canada equities were lower at the close on Tuesday, as losses in the Materials, Telecoms and Utilities sectors propelled shares lower. At the close in Toronto, the S&P/TSX Composite lost 0.05%. The biggest gainers of the session on the S&P/TSX Composite were Ballard Power Systems Inc (TSX:BLDP), which rose 8.06% or 2.16 points to trade at 28.95...

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Ed Sheeran must face plagiarism claim: judge By Reuters

By Jonathan Stempel NEW YORK (Reuters) - A U.S. judge on Tuesday rejected English singer-songwriter Ed Sheeran's bid to dismiss one of three lawsuits accusing him of lifting his 2014 smash "Thinking Out Loud" from Marvin Gaye's 1973 classic "Let's Get It On." U.S. District Judge Ronnie Abrams in Manhattan said Structured Asset Sales LLC, which owns one-third of "Let's Get It...

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