U.S. announces $1.2 billion in military aid for Ukraine

By Mike Stone WASHINGTON (Reuters) – The United States announced on Tuesday a new $1.2 billion military aid package for Ukraine that will include air defense systems, ammunition and funds for training, the Pentagon said. Ukraine Security Assistance Initiative (USAI) funds will be used to purchase the weapons, allowing President Joe Biden’s administration to buy…

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Disney’s Iger may have to add slowing growth to his turnaround checklist

(Reuters) – Walt Disney Co’s quarterly revenue growth is expected to hit its lowest in nearly two years, underlining the hurdles that Chief Executive Bob Iger faces in revitalizing a company that is now caught in what could be a long strike by Hollywood writers. The results, slated for Wednesday, will mark the first full…

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Former Pakistan PM Imran Khan arrested, stirring nationwide violence

By Asif Shahzad and Gibran Naiyyar Peshimam ISLAMABAD (Reuters) -Pakistan’s anti-corruption agency arrested former prime minister Imran Khan at Islamabad High Court on Tuesday, threatening fresh turmoil in the nuclear-armed country as clashes erupted between Khan supporters and police, killing at least one protester. Khan’s arrest comes a day after the powerful military rebuked him…

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Facebook is wrong to say news lacks economic value, says Canada PM Trudeau

By Ismail Shakil OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau on Tuesday said Meta Platforms Inc’s opposition to proposed legislation that would compel payment by its Facebook unit and other internet companies for journalistic content was based on a flawed argument that news has no economic value. Speaking to a parliamentary committee about the…

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Republican Speaker McCarthy opposes extending debt-ceiling through fiscal year

WASHINGTON (Reuters) – Republican U.S. House of Representatives Speaker Kevin McCarthy said on Tuesday he opposes the idea of extending the nation’s debt-ceiling through the end of the fiscal year on Sept. 30, ahead of an afternoon meeting with Democratic President Joe Biden. Asked by reporters whether he would support such a move to help…

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Investment bankers bonuses forecast to drop as much as 20% this year – report

By Tatiana Bautzer NEW YORK (Reuters) – Investment bankers working on mergers, acquisitions or equity offerings are expected to have their bonuses cut by the biggest proportion on Wall Street this year, compensation consultants Johnson Associates said in a report on Tuesday.As deals dry up, bonuses for investment bankers are forecast to shrink 10% to…

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