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AdvertisementIf confirmed, it would mark strike twenty-five in a remarkable kill streak that Ukraine told CNN represents the disabling of a full third of Russia's Black Sea Fleet. AdvertisementUkraine's most astonishing triumph came early, in April 2022, when it sank Russia's Black Sea flagship, the Moskva. "Ukraine has been extremely successful against the Black Sea Fleet, forcing Russia to relocate assets further away from Ukraine and the frontline," Germond told BI. AdvertisementDown, but not outIs Ukraine's Black Sea success a solution to Ukraine's stalled ground offensive? This means that any ships sunk result in a longer-term decrease in the Black Sea Fleet.
Persons: , Caesar, Ukraine Navy's, Murad Sezer, Sahaidachny, MAX DELANY, it's, Basil Germond, Germond, Michael Kofman, ” Sidharth, Kaushal, Russia can’t, Organizations: Service, Business, Russia's Ministry of Defence, Ukraine, CNN, Reuters, Getty, Military, Lancaster University, Shadow, Black, The Carnegie Endowment, Planet Labs PBC, Labs, UK’s Ministry of Defence, Royal United Services Institute, Montreux Convention, NATO, Ukraine’s Ministry of Defence Locations: Ukraine, Crimea, Bosphorus, Sevastopol, Moskva, Russian, Syria, Rostov, Minsk, Russia, France, Novorossiysk, Odesa, Ukrainian
CNN —Manchester United is on the brink of an early Champions League exit after twice throwing away a two-goal lead in a chaotic 3-3 draw with Galatasaray. In the Champions League, you get punished for your mistakes, so we have to learn from that.” Manchester United manager Erik ten Hag to TNT Sports after his team's 3-3 draw to Galatasaray on November 29. United has now conceded 14 goals in just five Champions League group matches, the most by an English club after five games in the competition’s history, according to Opta. Bayern had already qualified for the knockout stages ahead of the team’s 0-0 draw with Copenhagen on Tuesday. The team’s only chance of reaching the Champions League knockout stages is to beat Bayern Munich at Old Trafford in the final group game and hope that Copenhagen and Galatasaray draw.
Persons: Erik, Alejandro Garnacho, Captain Bruno Fernandes, Hakim Ziyech’s, Andre Onana, Scott McTominay, Muhammed Kerem Aktürkoğlu, Hag, Garnacho, Yasin Akgul, , Erik ten Hag, Murad Sezer Organizations: CNN, Manchester United, League, Galatasaray, Cameroon, Getty, TNT Sports, Champions League, Bayern, Copenhagen, Premier League, Manchester City, Reuters, Newcastle, FA, Red Devils, Bayern Munich Locations: AFP, Copenhagen, England, Europe, Old Trafford
New Zealand's Foreign Minister Winston Peters arrives at a news conference after he attended an emergency meeting of the Organisation of Islamic Cooperation (OIC) in Istanbul, Turkey, March 22, 2019. The role of deputy prime minister, a key sticking point in the discussions, will be split between the populist NZ First party leader Winston Peters and ACT party leader David Seymour, the group announced in a statement. National Party deputy leader Nicola Willis will be finance minister and Peters will be foreign minister, the parties said. The coalition plans to repeal a ban on offshore oil and gas exploration and a ban on the sale of cigarettes to future generations introduced by the previous Labour government, according to coalition documents. "Foreign affairs does matter to this country.... all relationships do matter to this country," Peters said in a joint news conference in the capital Wellington after the announcement.
Persons: Winston Peters, Murad Sezer, David Seymour, Nicola Willis, Peters, Christopher Luxon, Luxon, ” Luxon, Jacinda, Helen Clark, Lucy Craymer, Praveen Menon, Diane Craft Organizations: Zealand's, of Islamic Cooperation, REUTERS, ACT NZ, National Party, NZ First, ACT, Party, Reserve, New Zealand, Bank of New, Labour, , New Zealanders, Police, Thomson Locations: Istanbul, Turkey, WELLINGTON, Bank of New Zealand, Wellington, Niue
Incirlik, which has been used to support the international coalition fighting Islamic State in Syria and Iraq, also houses U.S. troops. Footage from the protests showed police firing tear gas and using water cannons to disperse crowds waving Turkish and Palestinian flags and chanting slogans. Protesters were also seen hurling plastic chairs, rocks, and other items at police, who fired smoke bombs at crowds. Scuffles broke out between the crowds and security forcesIHH President Bulent Yildirim addressed crowds in Adana and urged them to refrain from attacking police. (Reporting by Dilara Senkaya, Murad Sezer, Mehmet Emin Caliskan, and Ali Kucukgocmen; Writing by Tuvan Gumrukcu; Editing by Giles Elgood)
Persons: Dilara Senkaya, Mehmet Emin Caliskan, Antony Blinken, Israel, Scuffles, Bulent Yildirim, IHH, Hakan Fidan, Murad Sezer, Ali Kucukgocmen, Giles Elgood Organizations: Turkish, U.S, Hamas, Humanitarian Relief Foundation, Israel Locations: Mehmet Emin Caliskan ADANA, Turkey, Ankara, Gaza, Israel, Turkish, Adana, U.S, State, Syria, Iraq
[1/3] Turkish police use water cannons and tear gas to disperse Pro-Palestinian demonstrators during a protest against the U.S. and Israel near the Incirlik Air Base, which is housing U.S. troops, in Adana, southern Turkey November 5, 2023. Incirlik, which has been used to support the international coalition fighting Islamic State in Syria and Iraq, also houses U.S. troops. Footage from the protests showed police firing tear gas and using water cannons to disperse crowds waving Turkish and Palestinian flags and chanting slogans. Protesters were also seen hurling plastic chairs, rocks, and other items at police, who fired smoke bombs at crowds. Scuffles broke out between the crowds and security forcesIHH President Bulent Yildirim addressed crowds in Adana and urged them to refrain from attacking police.
Persons: Dilara, Antony Blinken, Israel, Scuffles, Bulent Yildirim, IHH, Hakan Fidan, Dilara Senkaya, Murad Sezer, Mehmet Emin Caliskan, Ali Kucukgocmen, Giles Elgood Organizations: Turkish, U.S, Incirlik, Base, REUTERS, Rights, Hamas, Humanitarian Relief Foundation, Israel, Thomson Locations: Israel, U.S, Adana, Turkey, Rights ADANA, Ankara, Gaza, Turkish, State, Syria, Iraq
Russia lifts ban on most diesel exports
  + stars: | 2023-10-06 | by ( Vladimir Soldatkin | ) www.reuters.com   time to read: +3 min
REUTERS/Murad Sezer/File photo Acquire Licensing RightsSummary Russia lifts ban on diesel exports via portsDiesel accounts for the biggest share of Russia's fuel exportsRussia hikes fuel exports duties for resellersDamper payments are reinstalledMOSCOW, Oct 6 (Reuters) - Russia's government said on Friday it had lifted a ban on pipeline diesel exports via ports, removing the bulk of restrictions installed on Sept. 21. The restrictions for gasoline exports are still in place. "The government lifted restrictions on exports of diesel fuel delivered to seaports by pipeline, provided that the manufacturer supplies at least 50% of the produced diesel fuel to the domestic market," the government said in a statement. Russia has been tackling shortages and high fuel prices in recent months, which especially hurt farmers during the harvesting season. Since the ban was introduced, wholesale diesel prices on the local exchange have fallen by 21%, while gasoline prices are down 10%.
Persons: Don, Murad Sezer, Alexander Novak, Vladimir Putin's, Vladimir Soldatkin, Guy Faulconbridge, Jan Harvey Organizations: Turkish Navy Coast Guard, REUTERS, Diesel, European Union, Federal, Monopoly Service, Thomson Locations: Rostov, Istanbul, Turkey, Russia, MOSCOW, U.S, Ukraine, Europe, Brazil, North, West, Gulf, East
The U.S. central bank held interest rates steady, as was widely expected, and said that its benchmark overnight interest rate may still be lifted one more time this year to a peak 5.50%-5.75% range. He added that "we want to see convincing evidence really, that we have reached the appropriate level" of interest rates to return inflation to the Fed's 2% target. Benchmark 10-year note yields hit 4.490%, the highest since November 2007. Interest rate sensitive two-year yields reached 5.202%, the highest since July 2006. The U.S. Treasury Department will sell $15 billion in 10-year Treasury Inflation-Protected Securities (TIPS) on Thursday.
Persons: Murad Sezer, Will Compernolle, Compernolle, Jerome Powell, Karen Brettell, Alexander Smith Organizations: REUTERS, Treasury, Federal Reserve, United Auto Workers, UAW, U.S . Treasury Department, Securities, Thomson Locations: U.S, New York
Turkey's economic team in Russia as Erdogan meets Putin -source
  + stars: | 2023-09-04 | by ( ) www.reuters.com   time to read: +1 min
Turkey's Finance Minister Mehmet Simsek speaks during the 66th General Assembly of Turkish Banks Association in Istanbul, Turkey August 17, 2023. REUTERS/Murad Sezer/File Photo Acquire Licensing RightsANKARA, Sept 4 (Reuters) - Turkey's top economic policymakers are visiting Russia for meetings on Monday, a source said, travelling along with President Tayyip Erdogan who will meet Kremlin chief Vladimir Putin to discuss Black Sea grain exports. When the leaders meet later on Monday, Erdogan aims to convince Putin to return to a Ukraine grain-export deal that helped ease a global food crisis. It has opposed Russia's invasion of Ukraine while also opposing Western sanctions on Moscow and has advanced economic cooperation with Russia since the invasion early last year. Since June, Simsek and Erkan have moved to roll back regulations, partly free up the currency and launched an aggressive rate-hiking cycle.
Persons: Mehmet Simsek, Murad Sezer, Tayyip Erdogan, Vladimir Putin, Hafize Gaye Erkan, Erdogan, Putin, Simsek, Orhan Coskun, Jonathan Spicer, Daren Butler Organizations: Turkey's, General Assembly, Turkish Banks Association, REUTERS, Rights, Kremlin, Turkish, NATO, Thomson Locations: Istanbul, Turkey, Rights ANKARA, Russia, Russian, Sochi, Simsek, Ukraine, Moscow, Kyiv, UAE, Gulf
ISTANBUL, Aug 18 (Reuters) - The first vessel that used Ukraine's Black Sea corridor is crossing through Turkey's Bosphorus Strait, a Reuters witness said on Friday. The Hong-Kong-flagged Joseph Schulte container ship that left the Russian-blocked Ukrainian Black Sea port of Odesa earlier this week had been in the port since Feb. 23, 2022, the day before the start of Russia's full-scale invasion of Ukraine. Moscow has not indicated whether it would respect the shipping corridor, and shipping and insurance sources have expressed concerns about safety. Ukraine said the corridor will be primarily used to evacuate ships that were stuck in Ukrainian ports. Local broadcasters have said the ship will anchor at Ambarli port in the south of Istanbul.
Persons: Joseph Schulte, Murad Sezer, Kim Coghill, Raju Gopalakrishnan Organizations: Local, Thomson Locations: ISTANBUL, Turkey's Bosphorus, Hong, Kong, Ukraine, Moscow, Istanbul
Russian navy vessel damaged in drone attack - Ukrainian source
  + stars: | 2023-08-04 | by ( ) www.reuters.com   time to read: +1 min
The Russian Navy's large landing ship Olenegorsky Gornyak sets sail in the Bosphorus, on its way to the Black Sea, in Istanbul, Turkey February 9, 2022. REUTERS/Murad Sezer/File PhotoAug 4 (Reuters) - The Russian navy's Olenegorsky Gornyak landing ship was damaged during a sea drone attack conducted by Ukraine's SBU security agency and navy near the Russian port of Novorossiysk on Friday, a Ukrainian intelligence source said. "As a result of the attack, the Olenegorsky Gornyak received a serious breach and currently cannot conduct its combat missions," the source told Reuters. "All the Russian statements about a 'repelled attack' are fake," the source said. Russia's defence ministry said earlier that Ukrainian sea drones had attacked a Russian navy base near the Black Sea port of Novorossiysk, a major hub for Russian exports, and were destroyed by Russian warships.
Persons: Murad Sezer, Ukraine's, Gornyak, Tom Balmforth, Toby Chopra, Philippa Fletcher Organizations: REUTERS, Reuters, Russian, Thomson Locations: Istanbul, Turkey, Novorossiysk, Ukrainian, Russian, Ukraine, Moscow
Yin Gang/Xinhua via Getty) (Xinhua/Xinhua via Getty ImagesIn a recent report to parliament, the British intelligence services detailed the operations and goals of the Chinese intelligence services. The Chinese intelligence services are also collecting information on the Chinese democracy movement at home and abroad — including in the US — in an attempt to subvert it. According to the British intelligence report, Xi has sought to make Chinese intelligence activity more professional through reform and investment. "In more ways than one, the broad remit of the Chinese Intelligence Services poses a significant challenge to Western attempts to counter their activity," the report said, citing assessments by British intelligence officers. "To compound the problem, it is not just the Chinese Intelligence Services: the Chinese Communist Party co-opts every state institution, company and citizen.
Persons: Yin, Ma Ying, Xi Jinping, Chuang, Gong, Dalai Lama, Murad Sezer, Xi, Xie Huanchi, hoover, Stavros Atlamazoglou Organizations: Chinese Communist Party, intel, Beijing, Service, Ministry of Public Security, Yin Gang, Getty, Xinhua, of State Security, of Public Security, Force, NSA, REUTERS, CCP, of, People, US National Counterintelligence and Security Center, Chinese Intelligence Services, Hellenic Army, 575th Marine Battalion, Army, Johns Hopkins University, Johns Hopkins, School, International Locations: China, Wall, Silicon, Beijing, Xinhua, Taipei, Singapore, Xinjiang, Taiwan, Tibet, Bhutan, Nepal, India, Istanbul, Johns
With the use of central bank reserves to protect the lira’s value before the election, reserves fell to a historical low in early June, with net reserves at minus $5.7 billion. Hence, there is no use of foreign exchange reserves and a period of increasing reserves has started," he added. His comments echoed the view of bankers that the central bank had "completely stopped" using its reserves. CENTRAL BANK MEASURESUnder new central bank steps announced at the weekend, the securities maintenance ratio that banks are required to allocate to their foreign currency deposit was reduced to 5% from 10%. The new regulation said banks whose lira deposits are less than 57% of total deposits will have to hold an additional seven percentage points of securities, compared to the previous seven additional points applied to banks that held less than 60% lira deposits.
Persons: Murad Sezer, Lira, Tayyip Erdogan, Hafize Gaye Erkan, Enver Erkan, Daren Butler, Canan, Jonathan Spicer, Emelia Sithole Organizations: REUTERS, Securities, Bankers, Thomson Locations: Istanbul, Turkey, ANKARA, backtrack, Turkish
REUTERS/Murad Sezer/IllustrationLONDON, June 23 (Reuters) - Foreign investors hoping for a game-changing rate hike from Turkey's newly appointed central bank chief said Thursday's disappointing move to a key rate of just 15% could keep some money on the sidelines. "They lost one perfect chance to demonstrate that they mean business," said Viktor Szabo, emerging markets investment director with Abrdn. But analysts said that after Thursday's decision, Erkan and Simsek would need to work even harder to prove the country had indeed shifted course. Already in the week to June 16, foreign investor holdings of Turkish government bonds had fallen by $16.2 million. "I don't think investors will throw in the towel just yet because I think there is still expectation there is more to come in the coming months," said Kaan Nazli, portfolio manager at Neuberger Berman.
Persons: Murad Sezer, Thursday's, Hafize Gaye Erkan, Viktor Szabo, Abrdn, it's, It's, Tayyip Erdogan, Mehmet Simsek, Eric Fine, Marek Drimal, Simsek, Dan Wood, William Blair, Fitch, Erdogan, Erkan, Kaan, Neuberger Berman, Karin Strohecker, Marc Jones, Toby Chopra Organizations: REUTERS, Societe Generale, Thomson Locations: Istanbul, Turkey, VanEck
But the level remains uncertain as the central bank has not given any signals as to its next steps, including the size or pace of potential hikes. Some economists have expressed doubt about Erdogan's commitment to abandoning his unorthodox policy of low rates, which led the central bank to slash its policy rate from 19% in 2021 to 8.5% currently. The median estimate for the policy rate at end-2023 was 30%, with forecasts ranging from 18% to 35%. He named Naci Agbal as central bank governor in Nov. 2020 but, after some sharp rate hikes, replaced him less than five months later. The central bank is scheduled to announce its rate decision at 1100 GMT on Thursday.
Persons: Murad Sezer, Tayyip Erdogan, Hafize Gaye Erkan, Malek Drimal, Erdogan, Mehmet Simsek, Moody's, Naci, Simsek, Ali Kucukgocmen, Marc Jones, Jonathan Spicer, Daren Butler, Christina Fincher Organizations: REUTERS, Societe Generale, stoke, Thomson Locations: Istanbul, Turkey, ISTANBUL
Turkish lira teeters near record low as Erdogan secures victory
  + stars: | 2023-05-29 | by ( ) www.reuters.com   time to read: +3 min
[1/2] A U.S. one dollar banknote is seen next to Turkish lira banknotes in this illustration taken in Istanbul, Turkey November 23, 2021. REUTERS/Murad Sezer/IllustrationLONDON, May 29 (Reuters) - Turkey's lira wobbled near record lows against the dollar as President Tayyip Erdogan secured victory in the country's presidential election on Sunday, extending his increasingly authoritarian rule into a third decade. The currency was at 20.05 to the dollar during Asian hours, just shy of the 20.06 record low hit on Friday. "Only the most optimistic would hope that Erdogan now feels sufficiently secure politically to revert to orthodox economic policy." "Erdogan is unlikely to embrace an outright economic orthodox approach," Wolfango Piccoli, co-president at advisory firm Teneo said in emailed comments.
[1/2] A U.S. one dollar banknote is seen next to Turkish lira banknotes in this illustration taken in Istanbul, Turkey November 23, 2021. REUTERS/Murad Sezer/IllustrationLONDON, May 29 (Reuters) - Turkey's lira hit fresh record lows against the dollar on Monday, though stocks rallied, after President Tayyip Erdogan secured victory in Sunday's presidential election, extending his increasingly authoritarian rule into a third decade. The lira weakened to 20.077 to the dollar, breaking through the previous record low touched on Friday. The share of foreign asset managers holding Turkish stocks has dwindled in recent years and the market is chiefly driven by local investors. The nation's dollar bonds slipped to their lowest in at least six months last week, while CDS rose to a seven-month high.
Turkey election runoff 2023: what you need to know
  + stars: | 2023-05-28 | by ( ) www.reuters.com   time to read: +6 min
[1/2] Women display flags with images of Turkish President Tayyip Erdogan next to an election campaign point, ahead of the May 28 presidential runoff vote, in Istanbul, Turkey May 25, 2023. Here is a guide to the runoff, the two candidates and the key issues as well as details on how the May 14 parliamentary election unfolded:PRESIDENTIAL VOTETurks will be electing a president for a five-year term. As president, Erdogan sets policy on Turkey's economy, security, domestic and international affairs. The ZP received 2.2% of votes in the parliamentary election. On foreign affairs, under Erdogan, Turkey has flexed military power in the Middle East and beyond, forged closer ties with Russia, and seen relations with the European Union and United States become increasingly strained.
Turkish lira slips as Erdogan claims victory
  + stars: | 2023-05-28 | by ( ) www.reuters.com   time to read: +1 min
[1/2] A U.S. one dollar banknote is seen next to Turkish lira banknotes in this illustration taken in Istanbul, Turkey November 23, 2021. REUTERS/Murad Sezer/IllustrationLONDON, May 28 (Reuters) - Turkey's lira slipped towards a fresh record low against the dollar as President Tayyip Erdogan claimed victory in the country's presidential election on Sunday, a win that would steer his increasingly authoritarian rule into a third decade. The currency opened at 20.05 to the dollar as the new trading week got underway, not far off the 20.06 record low hit on Friday. Trading is expected to be thin on Monday, with many markets in Europe, as well as the United States closed for holidays. Reporting by Karin Strohecker and Ezgi Erkoyun, editing by Alexander Smith and Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.
[1/2] An election campaign billboard of Kemal Kilicdaroglu, presidential candidate of Turkey's main opposition alliance, with a slogan that reads "Syrians will go! ", is pictured, ahead of the May 28 presidential runoff vote, in Istanbul, Turkey, May 25, 2023. "Most Syrians now feel as if the course of their entire lives depends on the results of the elections," he lamented. Like other regional leaders, Erdogan is also mending fences with Assad, raising the possibility of a rapprochement that could worry many Syrians in Turkey. He recounted an incident when a friend was robbed but feared he would be assaulted if he went to the police to illustrate the precarious position many Syrians feel themselves to be in in Turkey.
One presidential candidate from a small party, Muharrem Ince, withdrew on Thursday citing a faked "character assassination" carried out online. "We find it unacceptable for another country to interfere in Turkey's election process in favour of a political party. [1/4] FILE PHOTO-Kemal Kilicdaroglu, presidential candidate of Turkey's main opposition alliance, greets his supporters during a rally ahead of the May 14 presidential and parliamentary elections, in Tekirdag, Turkey April 27, 2023. Kilicdaroglu said a fundamental problem of Turkey's foreign policy in Erdogan's AK Party (AKP) tenure was the exclusion of the foreign ministry from the policy-making process. Turkey, Kilicdaroglu said, will pursue a peace-oriented foreign policy that prioritises its national interest and acts in line with the modern world.
Turkey’s Halkbank argued that allowing U.S. criminal proceedings against companies owned by foreign states would negatively affect American national security. Photo: MURAD SEZER/REUTERSWASHINGTON—The Supreme Court made it easier for the Justice Department to charge corporations owned by foreign states, saying a federal law from 1976 doesn’t shield Turkey’s Halkbank from high-profile money-laundering charges. In a decision Wednesday, the justices said the Foreign Sovereign Immunities Act of 1976 doesn’t protect such entities from criminal charges.
REUTERS/Murad Sezer/IllustrationORLANDO, Florida, March 27 (Reuters) - The most extraordinary outcome of the March banking shock would be if the problem dissipated quickly. Many people hope the crisis of confidence infecting global banking this month can be repelled almost as quickly as it appeared. SAVINGS AND LOANS DEBACLEThe easy comparison for any banking or market turmoil is the GFC of 2007-08. But crises don't have to be equal to or worse than the world's most calamitous financial disaster in a century to be extremely damaging. But other banking crises follow the same playbook, even if their outcomes are not as extreme.
Ukraine promises shelters for its people as harsh winter looms
  + stars: | 2022-11-22 | by ( ) www.reuters.com   time to read: +4 min
[1/8] People wait in line to get food, water and aid after Russia's military retreat from Kherson, outside the Church of Christ the Savior in Kherson, Ukraine November 22, 2022. Russian attacks have knocked out power for long periods for up to 10 million consumers at a time. The Donetsk region was the scene of fierce attacks and constant shelling over the last 24 hours, Zelenskiy said on Tuesday. Moscow says it is carrying out a "special military operation" to rid Ukraine of nationalists and protect Russian-speaking communities. Ukraine and the West describe Russia's actions as an unprovoked, imperialist land grab in the neighbouring state it once dominated within the former Soviet Union.
[1/5] A woman walks past a statue in the central sqaure after Russia's military retreat from Kherson, Ukraine November 21, 2022. President Volodymyr Zelenskiy has said that half of the country's power capacity had been knocked out by Russian rockets. Ukraine narrowly escaped disaster during fighting at the weekend that rocked the plant, Europe's largest, with a barrage of shells. The head of Russia's state-run nuclear energy agency, Rosatom, said it had discussed Sunday's shelling with the IAEA, and said there was a risk of a nuclear accident. Ukraine's nuclear energy firm Energoatom said Russia's military shelled the site, accusing it of nuclear blackmail and actions that were "endangering the whole world".
Kherson residents stock up as first Ukrainian supermarket opens
  + stars: | 2022-11-20 | by ( ) www.reuters.com   time to read: +1 min
[1/4] People shop at an ATB store which was the first reopened Ukrainian supermarket after Russia's military retreat from Kherson, Ukraine November 20, 2022. REUTERS/Murad SezerKHERSON, Ukraine, Nov 20 (Reuters) - Hundreds of Kherson residents flocked on Sunday to buy groceries at the first Ukrainian supermarket to open since the city was retaken by pro-Kyiv forces earlier this month. "Out of principle, I didn't carry any rubles and never bought Russian goods," 49-year-old Nataliia Tsvihun said while standing in line outside the ATB store. Kherson remains without electricity, running water or heating, but residents found some relief in being able to purchase Ukrainian pickled gherkins, dumplings, horseradish and other favourites. Reporting by Joseph Campbell and Felix Hoske; Editing by David Ljunggren and Daniel WallisOur Standards: The Thomson Reuters Trust Principles.
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