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Las Vegas massacre could cost insurers more than $1bn

Bloomberg The deadliest mass shooting in modern US history is adding to soaring costs for insurance companies, which are already taking a beating this year from an onslaught of hurricanes, earthquakes and wildfires. The industry may have to shell out more than $1 billion for the Las Vegas massacre, insurance executives say. Acts of a solo gunman, who killed almost ...

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Pacific nations get framework to salvage trade deal US quit

Bloomberg A blockbuster Pacific trade pact abandoned by US President Donald Trump has edged closer to becoming reality after days of tense talks in Vietnam. Japanese Economy Minister Toshimitsu Motegi said the 11 remaining members of the Trans-Pacific Partnership had secured a framework agreement on how to salvage the deal. Canada, which had held out for a day on signing ...

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Xi, Trump offer dueling visions for Asia’s future

Bloomberg Chinese President Xi Jinping and US President Donald Trump laid down starkly contrasting visions for Asia’s future, with Xi pledging a new era of globalization propelled by his nation’s economic might as Trump offe-red America’s largess only to those who play by his rules. In back-to-back speeches to business leaders at the Asia-Pacific Economic Cooperation summit in Vietnam, Xi ...

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