New York lawmakers weigh clean fuel standard as legislative session ends

By Laura Sanicola (Reuters) – New York lawmakers are considering legislation on Friday that would create the first market for low-carbon fuels on the U.S. East Coast in order to help the state reach its decarbonization goals. The legislation, modeled off of California’s Low Carbon Fuel Standard, aims to reduce carbon intensity from the on-road…

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Sudan factions agree day’s truce designed to ‘break cycle of violence’

DUBAI (Reuters) -Sudan’s warring sides have agreed a nationwide, 24-hour ceasefire from Saturday morning, U.S. and Saudi Arabian mediators said, following a week of intensified fighting after a previous truce deal lapsed. The mediators said the ceasefire was “an effort to break the cycle of violence” between Sudan’s army and the paramilitary Rapid Support Forces…

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Trump lawyers Trusty, Rowley resign -statement

WASHINGTON (Reuters) – Two lawyers representing former U.S. President Donald Trump, who was federally indicted for illegally retaining classified documents, obstruction and other crimes, have resigned, according to a statement released Friday. “This morning we tendered our resignations as counsel to President Trump, and we will no longer represent him on either the indicted case…

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Factbox-What are governments doing to ease inflation pain?

(Reuters) – Pandemic-related disruptions to global supply chains and the effects of Russia’s war in Ukraine have driven up prices of energy, commodities and other necessities. Here’s how governments are trying to help hard-hit consumers and companies: AMERICAS: * U.S. President Joe Biden’s drug pricing reform, part of the Inflation Reduction Act, penalises drugmakers for…

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US companies face less pressure for climate and social reforms

By Ross Kerber (Reuters) – Shareholder support for proxy resolutions on topics including climate change and workforce diversity dropped significantly this spring, analysts said, as tough proposals from activists met with growing political pressure on fund firms’ voting. Halfway through the shareholder annual meetings of Russell 3000 companies, average support for voted resolutions on environmental…

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Pakistan targets fiscal deficit of 6.54% in budget closely watched by IMF

By Asif Shahzad and Gibran Naiyyar Peshimam ISLAMABAD (Reuters) -Pakistan’s government will target a budget deficit of 6.54% of economic output in the fiscal year starting on July 1, the finance minister said on Friday, slightly below the current year’s revised estimate of 7%. Finance Minister Ishaq Dar announced the target during his budget speech…

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