McConnell says he expects debt ceiling bill to pass House on Wednesday

WASHINGTON (Reuters) – U.S. Senate Republican leader Mitch McConnell said he expected the debt ceiling bill to pass the House of Representatives on Wednesday and come to the Senate as soon as Thursday. “We anticipate the bill passing and coming over to us as soon as tomorrow,” McConnell told reporters at the U.S. Capitol. “We…

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Exclusive-US set to allow GE to make engines in India for New Delhi’s military jets

By Trevor Hunnicutt, Krishn Kaushik and Rajesh Kumar Singh WASHINGTON/NEW DELHI (Reuters) – The Biden administration is poised to sign off on a deal that would allow General Electric Co to produce jet engines powering Indian military aircraft in that country, according to three people briefed on the decision. A deal finalizing the joint production…

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US asks Mexico to review alleged denial of workers’ rights at Draxton facility

By Kanishka Singh WASHINGTON (Reuters) – The United States has asked Mexico to review whether workers at a Draxton facility in the Mexican city of Irapuato were being denied the rights to freedom of association and collective bargaining, the office of U.S. Trade Representative Katherine Tai said on Wednesday. Since the U.S.-Mexico-Canada agreement on trade,…

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Young South Koreans drive shift in attitudes to Japan as ties thaw

By Hyonhee Shin, Minwoo Park and Heekyong Yang SEOUL (Reuters) – Jeong Se-ah feels happy to see Tanaka, a Japanese bar host character from the early 2000s created by a South Korean comedian, because he revives her teenage memories of watching animations from the neighbouring nation. The 24-year-old office worker is one of a growing…

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Meta threatens to yank news content from California over payments bill

By Katie Paul NEW YORK (Reuters) – Facebook parent 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. The proposed California Journalism Preservation Act would require “online platforms” to pay a “journalism usage fee” to news…

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Argentina eases access to ‘morning after pill’, broadening reproductive rights

By Anna-Catherine Brigida BUENOS AIRES (Reuters) – Argentina will no longer require a prescription to obtain emergency contraception, commonly known as the ‘morning after pill’, the government said on Wednesday, broadening reproductive rights in the traditionally conservative South American country. The Catholic country and homeland of Pope Francis approved a law allowing abortion up to…

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Exclusive-Mexico mulls benefits of Banamex purchase, eyes synergies with state bank

By Anthony Esposito MEXICO CITY (Reuters) – Mexico is evaluating whether buying Citigroup Inc’s Mexican consumer unit would help boost financial inclusion, potentially in combination with a state-run bank such as the Banco del Bienestar, a top finance ministry official said. U.S. lender Citigroup scrapped its sale of the Banamex unit last week and said…

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Argentine central bank logs biggest U.S. dollar purchase in five months

BUENOS AIRES (Reuters) – Argentina’s central bank purchased $451 million of foreign currency on Wednesday to bolster its dwindling hard currency reserves, after daily sales from farm exports topped $1 billion, providing some relief for the country’s hard-hit finances. The currency move on Wednesday marks the biggest such purchase since late December. In May, the…

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