Yellen says US, China want to ‘stabilize’ relationship

WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said she believes the United States and China want to stabilize their economic ties with “candor” and “respect.” Yellen told American Public Media’s Marketplace in an interview taped shortly before her departure from Beijing on Sunday that she believed her trip, during which both sides discussed “significant…

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US House hardliners step up spending pressure as showdown looms

By David Morgan and Richard Cowan WASHINGTON (Reuters) -More than 20 U.S. House Republican hardliners warned Speaker Kevin McCarthy on Monday that they will try to block their party’s fiscal 2024 appropriations bills unless spending levels are cut below levels that McCarthy and Democratic President Joe Biden agreed to in May. The hardliners, including members…

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Foxconn dumps $19.5 billion Vedanta chip plan in blow to India

By Ben Blanchard, Munsif Vengattil and Aditya Kalra TAIPEI/BENGALURU (Reuters) -Taiwan’s Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, it said on Monday, in a setback to Prime Minister Narendra Modi’s chipmaking plans for India. The world’s largest contract electronics maker signed a pact with Vedanta last year…

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Madonna’s North American concerts postponed as singer recovers

LOS ANGELES (Reuters) – Pop superstar Madonna said on Monday that all of the North American dates on her upcoming tour will be postponed while she recovers from a multi-day hospitalization for a serious infection. The “Celebration” tour had been scheduled to kick off this month in Vancouver. Now, the plan is to start the…

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Ukraine says Russian troops ‘trapped’ in eastern city of Bakhmut

KYIV (Reuters) -Ukraine said on Monday its troops had caught occupying Russian troops “in a trap” in the shattered eastern city of Bakhmut, where its forces have been gaining ground as part of their counter offensive. Russian accounts of the fighting said Moscow’s forces have repelled or contained Ukrainian advances in the east and south….

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Nearly a sixth of Ecuador’s prisoners held without sentence -census

QUITO (Reuters) – Nearly a sixth of the inmates in Ecuador’s prisons have not been sentenced, a national census showed on Monday, as President Guillermo Lasso urged the judicial system to be speedier to help ease the burden on overcrowded jails. Lasso, who will leave office later this year after bringing forward elections, told journalists…

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Analysis-Thailand’s monarchy looms over battle for prime minister

By Panu Wongcha-um and Panarat Thepgumpanat BANGKOK (Reuters) – The role of the monarchy in Thailand is at the core of a looming deadlock that could tip Southeast Asia’s second-largest economy into crisis, with reformers once again vying to dislodge the grip on power of the royalist military establishment. Despite a stunning victory with its…

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U.S. Marine Corps in historic leadership limbo due to Republican block

WASHINGTON (Reuters) – The Marine Corps is now without a Senate-confirmed leader for the first time in over a century thanks to a Republican senator’s block on military nominations. Retiring Gen. David Berger formally relinquished command on Monday as the Marine Corps’ commandant, creating the first of several possible vacancies of Senate confirmed leaders on…

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