Mexican president: ‘No problem’ if Grupo Mexico buys Citi’s Banamex unit

By Brendan O’Boyle MEXICO CITY (Reuters) -Negotiations over the sale of Citigroup Inc’s Mexican retail bank Citibanamex are “going really well” and the government is upbeat about conglomerate Grupo Mexico’s possible purchase, President Andres Manuel Lopez Obrador said Tuesday. Lopez Obrador said the mining and transport conglomerate remains one of the possible buyers of the…

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Biden vetoes legislation to block solar panel tariffs waivers

WASHINGTON (Reuters) -President Joe Biden said on Tuesday he has vetoed legislation passed by the U.S. Congress that would repeal exemptions on American tariffs on imported solar panels from four Southeast Asian nations. The waivers for duties on panels made in Malaysia, Cambodia, Vietnam and Thailand, granted by Biden in June 2022, are set to…

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Pakistan to try ex-PM Khan’s violent supporters under army laws

By Asif Shahzad ISLAMABAD (Reuters) – Pakistan’s civilian and military leaders on Tuesday said that rioters and their backers who attacked state assets and military installations to protest the arrest of former prime minister Imran Khan will be tried under army laws. The decision was taken at a meeting of the National Security Committee chaired…

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U.S. condemns reported arrest of former U.S. mission employee in Russia

WASHINGTON (Reuters) – The U.S. State Department said on Tuesday it “strongly condemns” the reported arrest of Robert Shonov, a former employee of the United States’ mission in Russia, calling allegations he illegally collaborated with foreigners “wholly without merit.” Russian state news agency TASS reported on Monday that Shonov had been detained in the far…

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Tighter work requirements for welfare programs on table in debt ceiling talks – sources

By Jarrett Renshaw WASHINGTON (Reuters) – Aides for President Joe Biden and Republican House Speaker Kevin McCarthy have been discussing tightening work requirements for food and other programs for low-income Americans ahead of a debt ceiling meeting between the two leaders on Tuesday, according to two sources familiar with the discussions. The discussions have been…

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European leaders meeting in Iceland to count cost of Russia’s war

By Andreas Rinke and Michel Rose REYKJAVIK (Reuters) -Ways to hold Russia to account for its war against Ukraine, including keeping a tally of losses and damage inflicted by Moscow’s forces, were the focus of talks as European leaders met in Iceland on Tuesday for a two-day summit. German Chancellor Olaf Scholz, French President Emmanuel…

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Five Germans handed jail sentence for Green Vault jewel heist

DRESDEN, Germany (Reuters) – A German court on Tuesday sentenced five men to several years behind bars for their involvement in a jewel heist in 2019 at a museum in Dresden which houses one of Europe’s greatest art collections. The pieces stolen from the break-in at the Gruenes Gewoelbe (Green Vault) museum in Dresden contained…

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UK’s competition boss: We do not want a hostile environment for tech

LONDON (Reuters) – The head of Britain’s anti-trust regulator said it was not seeking to create a “hostile environment” for tech companies with its decision to block Microsoft’s $69 billion acquisition of Activision Blizzard. The Competition and Markets Authority (CMA), which operates independently from government, caused shockwaves in April when it said the deal could…

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Russia’s war on Ukraine latest: Kyiv says it destroys incoming missiles

(Reuters) – Ukraine said it had shot down six Russian hypersonic Kinzhal missiles in a single night, thwarting a weapon Moscow has touted as a next-generation hypersonic missile that was all but unstoppable. FIGHTING * Ukraine said the missiles shot down included six Kinzhal ballistic missiles fired from aircraft. * “The work of air defences…

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