EU envoy to China hails Xi’s call with Ukraine president as positive step

BEIJING (Reuters) – Chinese President Xi Jinping’s recent call with Ukraine President Volodymyr Zelenskiy was a very positive step, the European Union ambassador to China said on Tuesday, while urging greater efforts to achieve peace. Xi’s hour-long call with Zelenskiy for the first time since Russia’s invasion of Ukraine, fulfilled one of Kyiv’s long-standing goals,…

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Analysis-Thai household debt in election focus as millions in ‘endless struggle’

By Devjyot Ghoshal, Juarawee Kittisilpa and Orathai Sriring BANGKOK (Reuters) – Kavita Wongyakasem runs a small business in Bangkok, owns a two-storey house on the outskirts of the Thai capital, drives a pick-up truck, and sends her two daughters to good schools. But every day is a desperate struggle to find the money to keep…

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Republicans ask watchdog to assess US oil reserve management

WASHINGTON (Reuters) -Two Republicans on Monday asked a congressional watchdog to assess the Biden administration’s management of the Strategic Petroleum Reserve and audit its modernization program, saying sales from the SPR have undermined U.S. energy security. Senator John Barrasso, ranking member of the Senate energy committee, and Representative Cathy McMorris Rodgers, head of the House…

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Erdogan accuses opposition of provocations ahead of tight Turkish vote

ANKARA (Reuters) -Turkish President Tayyip Erdogan accused the opposition on Monday of provoking disorder and siding with terrorists, without providing evidence, in a fiery speech days before close and increasingly fractious elections. Erdogan appeared to suggest his opponents had incited confrontations a day earlier when crowds threw stones at a key opposition figure in the…

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Yellen says pressures remain on some U.S. regional bank stocks but system sound

WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Monday that some regional bank stock prices remained under pressure, but deposits had stabilized and regulators stood ready to use the same tools used in recent bank rescues if more contagion fears arose. Yellen told CNBC in a live interview that some of the selling…

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Exclusive-Vanguard overcomes Republican challenge to US utility stakes

By Ross Kerber (Reuters) – Vanguard Group, the largest provider of mutual funds, has secured regulatory approval to continue to own big stakes in U.S. power utilities, overcoming Republican concerns over its environmental, social and governance (ESG) policies. Various Republican politicians and officials had questioned the company’s application to the Federal Energy Regulatory Commission (FERC),…

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Mexico rolls out investment plans for southern industrial corridor

By Kylie Madry MEXICO CITY (Reuters) -The Mexican government on Monday set out fresh details of a plan to attract businesses to a corridor straddling a narrow isthmus of southern Mexico, part of a larger push to pump investment into the relatively poor region. The plan, called the Inter-Oceanic Corridor, will include 10 new industrial…

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U.S. seeks to shore up border as migrants gather ahead of end to Title 42

By Ted Hesson and Mike Blake SAN DIEGO (Reuters) -The Biden administration and Texas state government are sending reinforcements to the U.S.-Mexico border to prepare for a possible increase in illegal immigration when COVID-19 restrictions known as Title 42 are set to end on Thursday. Hundreds of specialized investigative agents and air marshals from the…

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