G7 members should not compete against each other on renewables – von der Leyen

By Andreas Rinke HIROSHIMA, Japan (Reuters) – The Group of Seven (G7) rich nations should work together to access technology and secure sources of critical minerals for a green transition, creating additional manufacturing capacity rather than competition, a top European diplomat said on Friday. The G7 is accelerating its push towards greener technologies after Russia’s…

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Ukrainian firms venture abroad for growth as war hits home

By Olena Harmash KYIV (Reuters) – Almost as soon as Russia invaded Ukraine last year, Ukrainian businessman Rostyslav Vovk realised he needed to look beyond the country’s borders to keep his pet food company growing. The ongoing conflict has prompted several Ukrainian firms to focus abroad to reduce their reliance on a shrinking home market…

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U.S., Taiwan reach deal on first part of ’21st Century’ trade pact

By David Lawder WASHINGTON (Reuters) -The U.S. and Taiwan reached agreement on the first part of their “21st Century” trade initiative, covering customs and border procedures, regulatory practices, and small business, the U.S. Trade Representative’s office said on Thursday. After the initial agreement of the U.S.-Taiwan Initiative on 21st Century Trade is signed, negotiations will…

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Biden’s team reports ‘progress’ in US debt ceiling talks

By Jeff Mason HIROSHIMA, Japan (Reuters) -Democratic negotiators told President Joe Biden on Friday that they are making “steady progress” in talks with Republicans aimed at avoiding a U.S. default, according to a White House official. Biden received an update on the talks with aides to Republican House of Representatives Speaker Kevin McCarthy on Friday…

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Mexico declares national security protection for Mayan tourist train

MEXICO CITY (Reuters) – Mexico’s president said on Thursday that construction and operation of a tourist train project that could cost up to $20 billion is a matter of national security, offering new legal protections for the high-profile public work. In a decree published in Mexico’s official gazette, President Andres Manuel Lopez Obrador invoked government…

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EU’s Michel calls for ‘stable and constructive’ cooperation with China

By Katya Golubkova HIROSHIMA, Japan (Reuters) – European Council President Charles Michel said on Friday it was in the EU’s interest to maintain “stable and constructive” cooperation with China, as the Group of Seven countries met to consider China’s “economic coercion” and other concerns. G7 leaders, gathering in the Japanese city of Hiroshima from Friday,…

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North Korea criticises US, South Korea military drills as ‘nuclear blackmail’

By Hyonhee Shin SEOUL (Reuters) – North Korea accused the U.S. and South Korea of ramping up “nuclear blackmail” with joint military drills, pledging to take corresponding action against what it called “warmongers’ madness,” state media KCNA said on Friday. U.S. and South Korean forces have been staging an intensified series of annual springtime exercises…

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Japan, France leaders vow to strengthen ties as Paris eyes more access

By John Irish and Sakura Murakami HIROSHIMA, Japan (Reuters) – Japan and France on Friday said they wanted to deepen bilateral cooperation after agreeing earlier this month to accelerate discussions for a joint military exercise framework with Paris hoping to push for reciprocal access agreements. Speaking ahead of a Group of Seven leaders summit in…

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Ecuador’s top court paves the way for early national elections

By Alexandra Valencia QUITO (Reuters) -Ecuador’s Constitutional Court on Thursday paved the way for early legislative and presidential elections, rejecting a series of cases brought by opposition politicians to block President Guillermo Lasso’s decision to dissolve the National Assembly. Members of opposition parties, along with social organizations, had presented six separate cases to the court,…

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Democratic senators urge Biden to use 14th Amendment to avoid debt default

WASHINGTON (Reuters) -A group of U.S. Senate Democrats called on President Joe Biden to prepare to invoke the U.S. Constitution’s 14th Amendment to avoid a debt default if negotiations with Republicans fail, according to a letter released on Thursday. Led by independent Bernie Sanders, who caucuses with the Democrats, the 11 lawmakers said while they…

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