Raging Canada wildfires threaten critical infrastructure, force evacuations

By Ismail Shakil and David Ljunggren OTTAWA (Reuters) – Hundreds of uncontrolled forest fires blazed across Canada on Wednesday, threatening critical infrastructure, forcing evacuations and sending a blanket of smoky air wafting over U.S. cities. Wildfires are common in Canada’s western provinces, but this year flames have mushroomed rapidly in the country’s east, making it…

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Dollar’s strength here to stay; only a rate cut could dent it -FX strategists: Reuters poll

By Indradip Ghosh and Shaloo Shrivastava BENGALURU (Reuters) – The dollar’s renewed strength against most major currencies will not fade away anytime soon, according to FX strategists polled by Reuters, who said it would take rate cuts from the Federal Reserve to weaken the currency substantially. The greenback has recouped all of its roughly 3%…

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Key US auto safety official resigns to join Zoox

By David Shepardson WASHINGTON (Reuters) – The head of the U.S. auto safety agency’s defects investigation office said on Wednesday he has left the agency to join Amazon.com’s self-driving unit Zoox. Stephen Ridella, who had served as director of the National Highway Traffic Safety Administration’s (NHTSA) Office of Defects Investigation since 2017, oversaw key investigations…

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Japan Keeps Growth Focus But Signals End To Crisis-mode Fiscal Largesse

By Takaya Yamaguchi and Tetsushi Kajimoto TOKYO (Reuters) – Japan is committed to putting economic growth before fiscal reform, Prime Minister Fumio Kishida’s government said in its draft mid-year policy framework, while signalling an end to crisis-mode stimulus spending to return to one in “peacetime”. The draft plan, which was presented at Kishida’s top economic…

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