Ukraine says Russia plans to simulate accident at nuclear power plant

(Reuters) – Ukraine’s defence ministry on Friday said Russia was planning to simulate a major accident at a nuclear power station controlled by pro-Moscow forces to try to thwart a long-planned Ukrainian counteroffensive to retake territory occupied by Russia. The Zaporizhzhia plant, which lies in an area of Russian-occupied southern Ukraine, is Europe’s biggest nuclear…

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Meta offers to limit use of ad data to address UK competition concerns

LONDON (Reuters) – Britain’s competition watchdog on Friday said social media giant Meta had offered to limit its use of other businesses’ advertising data for its Facebook Marketplace service to address the regulator’s competition concerns. The Competition and Markets Authority (CMA) said it was minded to accept the commitments, which include advertisers being able to…

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US Labor Department providing $653 million to help states upgrade UI systems

WASHINGTON (Reuters) – The U.S. Department of Labor said on Friday it was providing up to $653 million in grants to state governments to help safeguard against fraud by updating their unemployment insurance (UI) information technology infrastructure. It said in a statement that $600 million in grants would also assist with improving service delivery. The…

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US Court Questions Another Equitrans Mountain Valley Natgas Pipe Permit

(Reuters) – U.S. energy company Equitrans Midstream Corp’s long-delayed $6.6 billion Mountain Valley natural gas pipeline from West Virginia to Virginia received another negative court ruling on Friday. The U.S. Court of Appeals for the District of Columbia Circuit ruled the U.S. Federal Energy Regulatory Commission (FERC) “inadequately explained its decision not to prepare a…

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US court questions another Equitrans Mountain Valley natgas pipe permit

(Reuters) – U.S. energy company Equitrans Midstream Corp’s long-delayed $6.6 billion Mountain Valley natural gas pipeline from West Virginia to Virginia received another negative court ruling on Friday. The U.S. Court of Appeals for the District of Columbia Circuit ruled the U.S. Federal Energy Regulatory Commission (FERC) “inadequately explained its decision not to prepare a…

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Dollar set for third week of gains as US debt talks loom large

By Hannah Lang WASHINGTON (Reuters) – The dollar was set for a third straight weekly gain on Friday, as markets raised bets on higher-for-longer interest rates and amid closely watched last-ditch talks on the U.S. debt ceiling. Apparent progress in the talks between President Joe Biden and top congressional Republican Kevin McCarthy helped ease investor…

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G7 officials to hold first meeting on AI regulation next week

By Kantaro Komiya TOKYO (Reuters) – Group of Seven (G7) nation officials will meet next week to consider problems posed by generative artificial intelligence (AI) tools like ChatGPT, Japan said on Friday. Leaders of the G7, which includes the United States, European Union and Japan, last week agreed to create an intergovernmental forum called the…

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Paramount Global shares rise as major shareholder gets $125 million investment deal

By Medha Singh and Chibuike Oguh NEW YORK (Reuters) – Shares of Paramount Global rose by more than 6% on Friday after its controlling shareholder, media mogul Shari Redstone’s National Amusements Inc, announced it had received a $125 million investment from a private equity firm. National Amusements said it had agreed a $125 million preferred…

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