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By Kevin Buckland TOKYO, May 21 (Reuters) – The U.S. dollar hovered below a six-week peak on Thursday after pulling back on rising hopes that Washington is nearing a deal with Tehran to end the war in the Middle East. U.S. President Donald Trump said negotiations were in the final stages, while also warning of further attacks if Iran does not agree to a deal. The dollar, a traditional safe […]

Dallas Mavericks forward Cooper Flagg, the NBA Rookie of the Year and No. 1 overall pick in last year’s draft, highlighted the Kia NBA All-Rookie first team, which was announced Wednesday night after voting from a panel of 100 global media members. Flagg was joined by Charlotte Hornets guard Kon Knueppel, Philadelphia 76ers guard VJ Edgecombe, San Antonio Spurs guard Dylan Harper and Memphis Grizzlies guard Cedric Coward. Flagg, Knueppel […]

May 21 (Reuters) – Australia’s financial regulator warned on Thursday that domestic private credit institutions are exposed to risks linked to global market developments and will require closer scrutiny. In a report to financial institutions, the Australian Prudential Regulation Authority (APRA) said private credit remains relatively small in the country, but local institutions are still exposed to offshore pressures through multiple channels. APRA added that it has intensified its oversight […]

SAN FRANCISCO, May 20 (Reuters) – Anthropic is closing in on its first quarterly operating profit, a person familiar with the matter told Reuters, as its sales eclipse the enormous costs to develop and deploy artificial intelligence. In recent fundraising materials, the San Francisco-based startup apprised investors that its June quarter sales could reach at least $10.9 billion, more than double its $4.8 billion in revenue for the just-ended March […]

SEOUL, May 21 (Reuters) – Chinese President Xi Jinping may visit North Korea as early as next week, South Korea’s Yonhap news agency reported late on Wednesday quoting a senior government official. Another government source was cited as saying a team of Chinese security service and protocol officials were in Pyongyang recently and that a visit by Xi late in May or early June was likely. Xi, who hosted U.S. […]

WASHINGTON, May 20 (Reuters) – Nexstar Media Group asked a U.S. appeals court late on Wednesday to expedite a review of a lower-court order that has halted its merger with rival broadcaster Tegna, saying the delay has cost it tens of millions of dollars in unrecoverable operational efficiencies. A California judge on April 17 temporarily blocked the ‌$6.2 billion deal from proceeding, which has been challenged by a dozen state […]

SYDNEY, May 21 (Reuters) – Elon Musk’s social media platform X Corp has admitted to noncompliance with an Australian regulator request to provide information about its measures to stop child exploitation, lawyers for both parties said on Thursday. “The respondent admits that it contravened the Act,” said Christopher Tran, a lawyer for the eSafety Commissioner, referring to Australia’s Online Safety Act, in a Federal Court hearing. (Reporting by Byron Kaye; […]

GREENBURGH, N.Y. (AP) — Jalen Brunson against Donovan Mitchell was the matchup splashed across the screens to hype the Eastern Conference finals. Unfortunately for the Cleveland Cavaliers, it turned into Brunson versus James Harden in the fourth quarter of Game 1. Brunson continuously attacked the matchup to spark one of the largest postseason comebacks on record, as the New York Knicks rallied from a 22-point deficit in the fourth quarter […]

May 21 (Reuters) – Beijing is holding up a proposed visit by the Pentagon’s under-secretary of defence for policy, Elbridge Colby, as China pressures U.S. President Donald Trump over a $14 billion weapons package for Taiwan, the Financial Times reported on Thursday. Colby discussed a summer visit to Beijing with Chinese officials but China has signalled that it cannot approve a visit until Trump decides how he will proceed with […]