Rupee-UAE dirham trade mechanism may launch during Modi visit Saturday -sources

By Nidhi Verma, Shivangi Acharya and Krishn Kaushik NEW DELHI (Reuters) – India and the United Arab Emirates may announce the start of a rupee-dirham payment mechanism to settle bilateral trade during Prime Minister Narendra Modi’s visit to Abu Dhabi on Saturday, industry and government sources said. Sources said on Friday that India would use…

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No sign of Russian intent to change tack on Ukraine war, Blinken says

By Kate Lamb and Stanley Widianto JAKARTA (Reuters) – Russia shows no sign of changing direction in its war on Ukraine, U.S. Secretary of State Antony Blinken said on Friday, as foreign ministers from two dozen countries met in Indonesia’s capital for Southeast Asia’s annual security-focused gathering. Top diplomats from China, the United States and…

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FTC faces uphill battle in Microsoft/Activision appeal

By Mike Scarcella WASHINGTON (Reuters) – The U.S. Federal Trade Commission’s (FTC) bid to temporarily block Microsoft’s $69 billion purchase of “Call of Duty” maker Activision Blizzard must clear some key hurdles to succeed, legal experts said. U.S. District Judge Jacqueline Scott Corley on Tuesday gave the go-ahead to the largest-ever gaming industry deal, rejecting…

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Thailand’s Move Forward seeks to curb Senate powers after loss in PM vote

By Chayut Setboonsarng and Panarat Thepgumpanat BANGKOK (Reuters) -Thailand’s Move Forward party filed a motion in parliament on Friday seeking to curb the power of the military-appointed Senate, a day after the body thwarted its party leader’s bid to become prime minister. The role of the 249-member Senate in deciding a prime minister along with…

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One in four UK single parent households unable to afford food

By David Milliken LONDON (Reuters) – More than a quarter of Britain’s single parent households have recently run out of food and been unable to afford more, according to a survey from the country’s statistics agency which highlights the impact of surging inflation. Out of nearly 15,000 households surveyed between Feb. 8 and May 1,…

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