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Elon Musk’s defense of his Tesla tweet will get SEC response

(Reuters) - The top U.S. securities regulator received permission from a federal judge on Tuesday to respond to Tesla Inc Chief Executive Elon Musk’s arguments that his Twitter post about the electric vehicle maker’s production volume did not violate his recent fraud settlement. FILE PHOTO: SpaceX founder Elon Musk looks on at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying the Crew Dragon spacecraft, lifted off on an uncrewed test flight to the International Space Station from the Kennedy Space Center in Cape Canaveral, Florida, U.S., March 2, 2019. REUTERS/Mike BlakeThe U.S. Securities and Exchange Commission has until March 19 to file a brief,…

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New Jersey leaders in deal to legalize recreational marijuana

(Reuters) - New Jersey Governor Phil Murphy on Tuesday reached an agreement in principle with Democratic lawmakers for the state to potentially become the second in the country to legalize the recreational use of cannabis though legislation. FILE PHOTO - A woman holds marijuana for sale at the MedMen store in West Hollywood, California U.S. January 2, 2018. REUTERS/Lucy NicholsonMost of the 10 U.S. states that have legalized pot, in defiance of a federal ban on the drug, have done so through referendums, starting with Washington and Colorado in 2012. “Legalizing adult-use marijuana is a monumental step to reducing disparities in our criminal justice system,” Murphy, a…

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Britain in Brexit chaos: parliament crushes May’s EU deal again

LONDON (Reuters) - British lawmakers crushed Prime Minister Theresa May’s European Union divorce deal on Tuesday, thrusting Britain deeper into crisis and forcing parliament to decide within days whether to back a no-deal Brexit or seek a last-minute delay. Lawmakers voted against May’s amended Brexit deal by 391 to 242 as her last-minute talks with EU chiefs on Monday to assuage her critics’ concerns ultimately proved fruitless. The vote puts the world’s fifth largest economy in uncharted territory with no obvious way forward; exiting the EU without a deal, delaying the March 29 divorce date, a snap election or even another referendum are all now possible. May…

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UK lawmakers table ‘managed no-deal’ plans before Wednesday vote

Britain's Prime Minister Theresa May leaves the Houses of Parliament in London, Britain March 12, 2019. REUTERS/Dylan MartinezLONDON (Reuters) - A group of UK lawmakers set out plans on Tuesday to test whether parliament wants to implement an exit plan that would see Brexit delayed and mitigate the consequence of leaving without a deal by seeking ‘standstill arrangements’ with the EU. The so-called amendment could be voted upon on Wednesday when lawmakers discuss whether Britain’s parliament should approve leaving the European Union without a deal. It called for Brexit to be delayed until 1059 GMT on May 22, and for the government to offer to pay Brussels…

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Reporting Brexit: Racing to break news in Britain’s ancient parliament

LONDON (Reuters) - The world’s press packed in a gallery in the British House of Commons neo-gothic debating chamber late on Tuesday, watching out for clues of the outcome of a vote that would shake markets and deepen the Brexit turmoil. FILE PHOTO: An Anti-Brexit demonstrator protests outside the Houses of Parliament, in Westminster, London, Britain March 4, 2019. REUTERS/Hannah McKay/File PhotoParliamentary voting in the United Kingdom is an overwhelmingly analogue affair - with lawmakers traipsing down wood-panelled corridors and human tellers totting them up before, in this case, the announcement of another defeat for Prime Minister Theresa May. Covering that voting, for Reuters and other journalists…

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EU says no more Brexit talks with UK, risk of no-deal increased

BRUSSELS (Reuters) - The European Union will not negotiate Brexit again, it said on Tuesday, after Britain’s parliament rejected the divorce package for a second time in a vote that made a chaotic no-deal scenario more likely. British Prime Minister Theresa May speaks after tellers announced the results of the vote Brexit deal in Parliament in London, Britain, March 12, 2019, in this screen grab taken from video. Reuters TV via REUTERS“The EU has done everything it can to help get the Withdrawal Agreement over the line,” Brexit negotiator Michel Barnier said after the House of Commons vote. “The impasse can only be solved in the UK.…

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EU suspends Boeing 737 MAX flights, U.S. senators suggest similar move

ADDIS ABABA/PARIS (Reuters) - The European Union’s aviation safety regulator on Tuesday suspended all flights in the bloc by Boeing 737 MAX and the U.S. Senator who chairs a panel overseeing aviation suggested the United States take similar action following a crash in Ethiopia that killed 157 people. Britain, Germany and France joined a wave of suspensions of the aircraft in the wake of Sunday’s crash, and was swiftly followed by a similar decision by India, piling pressure on the United States to follow suit. Boeing, the world’s biggest planemaker, which has seen billions of dollars wiped off its market value the crash, said it understood the…

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Dutch PM Rutte: Brexit delay request would need ‘convincing justification’

Dutch Prime Minister Mark Rutte attends a summit between Arab league and European Union member states, in the Red Sea resort of Sharm el-Sheikh, Egypt, February 24, 2019. REUTERS/Mohamed Abd El GhanyAMSTERDAM (Reuters) - Any request from the British government for a delay to its departure from the European Union must be supported by a “credible and convincing justification”, Dutch Prime Minister Mark Rutte said on Tuesday. “Should the UK hand in a reasoned request for an extension, I expect a credible and convincing justification,” Rutte tweeted after the British parliament overwhelmingly rejected Prime Minister Theresa May’s Brexit withdrawal agreement for a second time. The British parliament…

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Biggest U.S. college fraud bust nets actors Felicity Huffman, Lori Loughlin

BOSTON (Reuters) - Federal authorities arrested dozens on Tuesday for a $25 million scheme to help wealthy Americans, including actresses Felicity Huffman and Lori Loughlin and some CEOs, cheat their children’s way into elite universities, such as Yale and Stanford. The largest college admissions fraud scam unearthed in U.S. history was run out of a small college preparation company in Newport Beach, California, that relied on bribes to sports coaches, phony test takers and even doctored photos depicting non-athletic applicants as elite competitors to land college slots for the offspring of rich parents, prosecutors said. “These parents are a catalog of wealth and privilege,” Andrew Lelling, the…

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Stocks rise on tame U.S. inflation, dollar eases

NEW YORK (Reuters) - A gauge of world equity markets rose and the dollar eased on Tuesday after a tame reading on U.S. inflation reinforced expectations the Federal Reserve will not raise interest rates anytime soon, while Boeing shares slid for a second day. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 11, 2019. REUTERS/Brendan McDermidU.S. consumer prices rose for the first time in four months in February but the modest pace of the increase resulted in the smallest annual gain in inflation in nearly 2-1/2 years. In the 12 months through February, the CPI rose 1.5 percent,…

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