Climate change not ‘serious risk’ to financial stability, Fed’s Waller says

By Howard Schneider WASHINGTON (Reuters) -Climate change does not pose such “significantly unique or material” financial stability risks that the Federal Reserve should treat it separately in its supervision of the financial system, Fed Governor Christopher Waller said on Thursday in a detailed rebuttal of demands for climate initiatives by the U.S. central bank. “Climate…

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In Bakhmut’s ruins, Ukraine says intensity of Wagner attacks growing

By Max Hunder KYIV (Reuters) – A Ukrainian brigade commander fighting in the ruins of Bakhmut said Russian mercenary forces have stepped up shelling and artillery attacks in recent days and were not facing a munitions shortage, despite its chief’s claims to the contrary. Russian mercenary boss Yevgeny Prigozhin has complained for weeks that Russia’s…

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US Senate panel advances rail safety bill spurred by Ohio derailment

By David Shepardson WASHINGTON (Reuters) -A U.S. Senate panel on Wednesday approved rail safety legislation that tightens rules on trains carrying explosive substances like the Norfolk Southern-operated train that derailed on Feb. 3 in Ohio, catching fire and releasing over a million gallons of hazardous materials and pollutants. The U.S. Senate Commerce Committee voted 16-11…

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Erdogan’s rival boosted by withdrawal, poll lead ahead of Turkey vote

By Ece Toksabay and Birsen Altayli ANKARA (Reuters) -The man challenging Tayyip Erdogan in Turkey’s presidential elections this weekend received a boost on Thursday when a small party candidate abruptly withdrew and a closely-watched poll gave him a more than five percentage point advantage. The withdrawal by Muharrem Ince, one of four contesting Sunday’s presidential…

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Brazil blocks $8 million from alleged financiers of January riots to pay for damages

SAO PAULO (Reuters) – Brazil’s federal police said on Thursday the country had frozen roughly 40 million reais ($7.99 million) belonging to alleged financiers of the Jan. 8 riots in Brasilia in order to pay for damages caused to public property. The move was part of the 11th phase of an operation investigating people involved…

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Explainer-What’s at stake in Turkey’s landmark elections?

(Reuters) – Turkish President Tayyip Erdogan faces his toughest political challenge yet when the nation votes on Sunday, with the opposition sensing its best chance yet of ending his two decades in power and reversing his policies. The presidential and parliamentary votes, set for May 14 with a possible May 28 run-off, will decide not…

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