Analysis-Mexico’s gasoline independence dream sinks in dirty fuel oil glut

By Ana Isabel Martinez MEXICO CITY (Reuters) – Mexico’s president took office in late 2018 pledging to boost local output of gasoline while phasing out imports, but so far state refineries have instead set a different course: bumper production of highly-contaminating fuel oil. To make Mexico self-sufficient, leftist resource nationalist President Andres Manuel Lopez Obrador…

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NATO launches Arctic manoeuvres, vowing to protect newest member Finland

By Anne Kauranen ROVAJARVI, Finland (Reuters) – NATO countries are in the middle of Arctic military manoeuvres, vowing on Tuesday to defend their newest member, Finland, which is hosting its first joint NATO exercise in the region since becoming the 31st member of the Western alliance in April. The addition of Finland doubles the length…

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White House announces new military aid package for Ukraine

By Trevor Hunnicutt WASHINGTON (Reuters) – The White House on Wednesday announced the latest in a series of aid packages for Ukraine that includes up to $300 million worth of air defense systems, ammunition and other defense equipment. The security assistance package represents the 39th drawdown of equipment from the Department of Defense inventories, the…

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North Korea satellite plunges in sea in ‘rushed’ failure, more launches expected

By Hyonhee Shin and Chang-Ran Kim SEOUL/TOKYO (Reuters) – A North Korean satellite launch on Wednesday ended in failure, sending the booster and payload plunging into the sea, North Korean state media said, and the South’s military said it had recovered parts of the launch vehicle. The new “Chollima-1” satellite launch rocket failed because of…

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Meta Threatens To Yank News Content From California Over Payments Bill

NEW YORK (Reuters) – Facebook owner Meta Platforms said on Wednesday it would remove news content in its home state of California if the state government passed legislation forcing tech companies to pay publishers for journalistic content. The proposed California Journalism Preservation Act would require online platform companies to pay a “journalism usage fee” to…

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Russian labour shortage laid bare as unemployment drops to record low

By Alexander Marrow and Darya Korsunskaya (Reuters) – Russia’s unemployment rate dropped to a record low 3.3% in April, data showed on Wednesday, highlighting the labour shortage that is stifling economic growth, while other indicators painted a mixed picture. Russia was hit with a barrage of Western sanctions as it invaded Ukraine in February last…

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