Today's Top Story

Mining magnets: Arctic island finds green power can be a curse
COPENHAGEN (Reuters) - In the tenth century, Erik the Red, a Viking from Iceland, was so impressed with the vegetation on another Arctic island he had found he called it "the green land." Today, it's Greenland's rocks that are attracting outsiders - superpowers riding a green revolution. Read More
Business News
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Jack Ma loses title as China's richest man after coming under Beijing's scrutiny
BEIJING (Reuters) - Alibaba and Ant Group founder Jack Ma has lost the title of China's richest man, a list published on Tuesday showed, as his peers prospered while his empire was put under heavy scrutiny by Chinese regulators.
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Betting on death of petrol cars, Volvo to go all electric by 2030
LONDON (Reuters) - Volvo's entire car lineup will be fully electric by 2030, the Chinese-owned company said on Tuesday, joining a growing number of carmakers planning to phase out fossil-fuel engines by the end of this decade.
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Asian shares fall amid China's asset-bubble warning
HONG KONG (Reuters) - Asia stocks dropped on Tuesday and European equity futures fell as a senior Chinese official expressed wariness about the risk of asset bubbles in foreign markets and a recent bond market sell-off still weighed on investor sentiment.
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Economic News
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Asian shares fall amid China's asset-bubble warning
HONG KONG (Reuters) - Asia stocks dropped on Tuesday and European equity futures fell as a senior Chinese official expressed wariness about the risk of asset bubbles in foreign markets and a recent bond market sell-off still weighed on investor sentiment.
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Spanish unions cry foul as Inditex shuts stores
MADRID (Reuters) - Inditex staff in Spain say they are being forced out as the owner of fast-fashion brand Zara rolls out its plan to shut up to 1,200 stores worldwide, despite a company agreement with Spanish unions to project jobs.
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German retail sales tumble in January as lockdown bites
BERLIN (Reuters) - German retail sales tumbled more than expected in January as the COVID-19 lockdown and the withdrawal of a temporary cut in sales tax hit consumer spending in Europe's largest economy, data showed on Tuesday.
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Money News
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Exxon names Ubben, Angelakis to board amid investor pressure for change
(Reuters) - Exxon Mobil Corp on Monday named activist investor Jeffrey Ubben and former Comcast executive Michael Angelakis to its board amid a push by prominent shareholders for it to focus more on clean energy and improve its financial performance.
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Analysis: Hedge funds worry about market fallout from Tesla, ARK and spiking yields
(Reuters) - Some hedge fund managers are getting concerned about the money that has flooded into high-flying stocks like Tesla and the popular ARK fund as bond yields spike and growth stocks take a hit.
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Blackstone CEO Schwarzman took home $610.5 million in 2020
(Reuters) - Blackstone Group Inc Chief Executive Stephen Schwarzman pocketed at least $610.5 million in 2020 from dividends and compensation, more than any other private equity executive and up 20% from last year despite the impact of the COVID-19 pandemic, regulatory filings showed.
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