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U.S. Congress includes $300 million for Ukraine, addresses China in massive defense bill

8 Dec 2021

By Patricia Zengerle WASHINGTON (Reuters) – U.S. lawmakers included efforts to push back against Russia and China in a compromise version of a massive annual defense bill released on Tuesday, proposing $300 million for Ukraine’s military and a statement of support for the defense of Taiwan. But they omitted some measures that had strong support …

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Hillhouse, others set to invest $630 million in China’s Giant Biogene -sources

8 Dec 2021

BEIJING/HONG KONG (Reuters) – China’s Xian Giant Biogene Technology has embarked on a fundraising round that will likely see Hillhouse Capital Group and others buy at least 4 billion yuan ($630 million) worth of shares, two people familiar with the matter said. The share sale, a combination of new and existing shares, will value the …

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Meta offers deferral program for employees unready to return to office

8 Dec 2021

(Reuters) – Meta Platforms Inc said on Tuesday it will fully reopen its U.S. offices on Jan. 31 next year while giving its employees an opportunity to delay their scheduled return by three to five months. The social media giant’s new “office deferral program” will ensure that its employees have flexibility in returning back to …

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U.S. House passes bill to speed passage of debt limit increase

8 Dec 2021

By Richard Cowan and Susan Cornwell WASHINGTON (Reuters) -The U.S. House of Representatives late on Tuesday approved a measure allowing Congress to fast-track legislation raising the federal government’s debt limit and stave off a potential unprecedented default. The Senate is expected to take up the measure, which prevents the use of stalling tactics, on Thursday. …

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Biden warns Putin of sanctions, aid for Ukraine military if Russia invades

8 Dec 2021

By Andrea Shalal, Steve Holland and Andrew Osborn WASHINGTON/MOSCOW (Reuters) – President Joe Biden warned Russian President Vladimir Putin on Tuesday that the West would impose “strong economic and other measures” on Russia if it invades Ukraine, while Putin demanded guarantees that NATO would not expand farther eastward. The two leaders held two hours of …

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China condemns U.S. diplomatic boycott of Beijing Olympics

8 Dec 2021

By Gabriel Crossley and Yew Lun Tian BEIJING (Reuters) – China on Tuesday accused the United States of betraying Olympic principles and said Washington would “pay a price” for its diplomatic boycott of the upcoming Winter Games in Beijing even as a top International Olympic Committee official voiced respect for the U.S. decision. The White …

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China’s HNA transfers airline management to Fangda Group

8 Dec 2021

BEIJING (Reuters) – China’s HNA Group Co Ltd said it has transferred management of its core aviation business, including Hainan Airlines Holding Co Ltd, to strategic investor Liaoning Fangda Group Industrial Co Ltd, effective Wednesday. Gu Gang, an official appointed by the local government to resolve years-long debt risk at HNA, will no longer serve …

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Tokyo governor plans to introduce de facto same-sex marriage next year -Kyodo

8 Dec 2021

TOKYO (Reuters) -Tokyo Metropolitan government will start a system that effectively allows same-sex marriage in Japan’s capital in the next fiscal year from April, Japan’s Kyodo news wire reported Tokyo Governor Yuriko Koike as saying on Tuesday. The local government for the city with a population of 14 million plans to introduce “same-sex partnership” after …

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Deluge triggers flood watches in Hawaii as more rain expected in western islands

8 Dec 2021

(Reuters) -Hawaii prepared for more rainfall on Tuesday after the Pacific island chain was beset with torrential downpours that caused flooding, triggered landslide warnings and prompted the state to take emergency action. A stalled “kona low” weather system brought up to 12 inches (30 cm) of rain over three days, although actual amounts varied greatly …

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