Exclusive-Panama expects to be struck off financial crime watch list in October

By Valentine Hilaire (Reuters) – Panama expects international financial-crime watchdog FATF to remove it this October from a watch list for nations deemed to be doing too little to fight money laundering, the country’s deputy finance minister said, adding that other intergovernmental groups might follow suit. The Central American nation urgently needs to exit the…

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US Supreme Court rejects affirmative action in university admissions

By Andrew Chung and John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Thursday struck down race-conscious admissions programs at Harvard University and the University of North Carolina, effectively prohibiting affirmative action policies long used to raise the number of Black, Hispanic and other underrepresented minority students on American campuses. In a blockbuster decision that…

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US weekly jobless claims post biggest drop in 20 months as economy shows stamina

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell last week by the most in 20 months, the latest sign of the economy’s resilience that could push the Federal Reserve to resume raising interest rates in July. The unexpected decline in applications reported by the Labor Department…

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A ‘great day for America’: Trump, Republicans hail affirmative action ruling

WASHINGTON (Reuters) -Donald Trump and other top U.S. Republican leaders hailed the Supreme Court’s rejection on Thursday of race-conscious student admissions programs at two universities, with the former president saying the ruling marked “a great day for America.” The court decision, strongly criticized by Democrats including President Joe Biden, effectively prohibits affirmative action policies long…

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