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ZURICH, May 28 (Reuters) – The world’s richest families are trimming exposure to the U.S. dollar as geopolitical tensions and rising sovereign debt drive a broader rethink of portfolio risk, UBS said in a report published on Thursday.     About two-thirds of family offices surveyed by the Swiss bank expect confidence in the dollar as a reserve currency to weaken over the year, UBS found. The survey was conducted between January […]

HONG KONG (AP) — PayPal users will be able to make cashless payments in China using QR codes through Tencent’s WeChat Pay’s extensive merchant network, the Chinese technology giant says, in a move calibrated to attract more foreign tourists. Apart from social media and messaging, Tencent’s WeChat offers payment services called WeChat Pay, or Weixin Pay, in mainland China. Tencent said in a statement that the feature will be available […]

MELBOURNE, Australia (AP) — An Australian woman was charged Thursday with traveling to Syria and joining the Islamic State group, police said. The 34-year-old woman was arrested at her Melbourne home eight months after she returned to Australia via Lebanon with another woman, Australia Federal Police Deputy Commissioner Hilda Sirec said. The arrest came two days after seven women and 12 children linked to IS returned to Australia from a […]

ROME, May 28 (Reuters) – KKR & Co said on Thursday it would open an office in Milan as the U.S. private equity firm looks to expand its presence in Italy after significant investments in the telecoms and energy sectors. Over the past two years, a KKR-led consortium bought Telecom Italia’s fixed-line network for €19 billion ($22 billion), while KKR took a 30% stake in Eni’s biofuel unit Enilive for […]

May 28 (Reuters) – France will reimburse the cost of weight-loss drugs for severely obese patients from mid-June, Health Minister Stephanie Rist said on Thursday in an interview with TF1 channel. Novo Nordisk’s Wegovy and Eli Lilly’s Mounjaro are injectable medications that have gained widespread attention globally as anti-obesity treatments. • Orders are being finalised and reimbursement is expected to be effective by mid-June. • Targets patients with a body […]

Shohei Ohtani did not allow a hit over six innings on the mound and added a leadoff home run from the batter’s box as the Los Angeles Dodgers extended their winning streak to five games with a 4-1 victory over the visiting Colorado Rockies on Wednesday. Ohtani and Will Klein held the Rockies without a hit through seven innings before Tyler Freeman singled to right field with two outs in […]

Thanks to four fast starts in as many games, the Carolina Hurricanes have pushed the Montreal Canadiens to the brink of elimination in the Eastern Conference finals. Should the Hurricanes bolt out of the blocks yet again in Game 5 on Friday in Raleigh, N.C., they likely will be in good position to punch their ticket to the Stanley Cup Final for the third time in franchise history. The visiting […]

May 28 (Reuters) – SpaceX CEO Elon Musk said on Thursday the IPO-bound company had only agreed to lease its Colossus AI training data center clusters to Anthropic for six months, not multiple years as previously suggested. “SpaceX has not committed to leasing Colossus for years, although it’s possible that may be what happens,” Musk said in a post on X. He added that the agreement is a 180-day lease […]

By Julie Zhu and Anne Marie Roantree HONG KONG, May 28 (Reuters) – China’s commitment to buy 200 Boeing jets during a recent visit by U.S. President Donald Trump will be firmed up later this year and is only an “initial tranche” of a potentially far bigger deal, the planemaker’s CEO Kelly Ortberg said. Investors had expressed disappointment over the size of the deal, which was much smaller than a […]