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Credit-card thieves move online as chips thwart in-store fraud

  Bloomberg The adoption of credit-card chip technology by US retailers is having an unintended consequence: Criminals are moving from brick-and-mortar stores to the internet. The use of stolen card data to pay for merchandise on websites, in mobile apps and by dialing call centers surged 40 percent last year, according to a report from Javelin Strategy & Research released ...

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Morgan Stanley sells C$8 billion debt

  Bloomberg Morgan Stanley capped off the best start to a year in Canadian-dollar corporate-bond sales since 2013 as an improving global economy amid low interest rates creates the right conditions for borrowers and investors alike. The New York-based bank sold C$1 billion ($768 million) of debt, double the minimum originally indicated, to drive corporate-bond issuance in Canada’s domestic market ...

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What world’s biggest bank bosses say about Brexit exodus

  Bloomberg Frankfurt and Dublin are emerging as the biggest winners at London’s expense as banks prepare for Brexit by planning new hubs in the European Union. Standard Chartered Plc and Barclays Plc are set to choose Ireland’s capital as their EU base for ensuring continued access to the bloc, according to people with knowledge of their contingency plans. Goldman ...

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IS uses drones, innovating tactics with deadly effect

  MOSUL / AP First the tiny drones buzz overhead to observe Iraqi soldiers. Then, the IS group’s flying machines return to drop a small explosive device to sow panic among security forces — or deadlier still, to help guide a suicide car bomber to a target. And the innovations are expected to keep coming since IS has been spending freely ...

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Iran’s defense minster acknowledges missile test

  TEHRAN / AP Iran’s defense minister said on Wednesday that his country recently carried out a missile test, days after the White House said it was looking into reports of an Iranian ballistic missile launch that may have contravened a UN resolution. Gen. Hossein Dehghan was quoted by the semi-official Tasnim news agency as saying “the recent missile test ...

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Yemenis stranded in Djibouti after Trump’s immigration ban

  CAIRO / AP An American lawyer says hundreds of Yemenis with US visas are stranded in the tiny African state of Djibouti because of President Donald Trump’s ban on entry for citizens of seven Muslim-majority countries. Lawyer Julie Goldberg told The Associated Press on Wednesday that “these are all the children, parents and the spouses of US citizens.” She ...

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UK lawmakers voting on bill to trigger EU exit talks

  LONDON / AP Britain’s House of Commons is to vote on a bill authorizing Prime Minister Theresa May to start European Union exit talks — the first major test of whether lawmakers will try to impede the government’s Brexit plans. Wednesday’s vote comes after two days of debate, in which many government and opposition lawmakers said they would respect ...

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Ban won’t run for South Korea presidency

  SEOUL / AP Former UN Secretary-General Ban Ki-moon said on Wednesday that he won’t run for South Korea’s presidency, a surprise announcement that removes a key figure from the scramble to replace impeached President Park Geun-hye and further stirs the country’s already tumultuous politics. The withdrawal of Ban, who had been considered the only major conservative contender, boosts liberal ...

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Rohingya worry B’desh may move them to low-lying island

  DHAKA / AP Rohingya Muslims in Bangladesh are worried about a government proposal to relocate them to a low-lying island deemed not ready for people to live there. The proposal briefly posted on a government website last week said a committee including representatives of the border guards and other agencies would prepare a list of hundreds of thousands of ...

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Heavy fighting between troops, rebels in eastern Ukraine

  Ukraine / AP Freezing and nerve-shattered residents of an eastern Ukraine town battered by an upsurge in fighting between troops and Russia-backed rebels flocked to a humanitarian aid center on Wednesday to receive food and warm up. Heavy shelling of government-held Avdiivka, just north of the rebel stronghold city of Donetsk, began over the weekend and persisted into early ...

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