US job gains smallest in 2-1/2 years; labor market still tight

By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy added the fewest jobs in 2-1/2 years in June, but persistently strong wage growth pointed to still-tight labor market conditions that most certainly ensure the Federal Reserve will resume raising interest rates later this month. The Labor Department’s closely watched employment report on Friday also showed…

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NATO allies agree to spend ‘at least 2%’ of their GDP on defence -diplomats

BRUSSELS (Reuters) – NATO allies have reached agreement to raise the alliance’s target for military spending to at least 2% of national GDP, two diplomats told Reuters late on Friday. The 31 allies agreed on “an enduring commitment to invest at least 2%” of their GDP into their militaries in the future, two diplomats said,…

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Yellen criticizes China’s ‘punitive’ actions against US companies, urges market reforms

By Andrea Shalal and Joe Cash BEIJING (Reuters) – U.S. Treasury Secretary Janet Yellen called on Friday for market reforms in China and criticized its recent tough actions against U.S. companies and mineral export controls, while China’s premier called on her to “meet China halfway” and put bilateral relations back on track. Yellen met with…

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Giuliani should be disbarred over 2020 election case, ethics panel finds

By Andrew Goudsward and Mike Scarcella (Reuters) – Rudy Giuliani’s law license should be revoked over his work on a failed lawsuit challenging the 2020 election results on behalf of then-U.S. President Donald Trump, a District of Columbia attorney ethics committee recommended on Friday. The committee of the D.C. Board on Professional Responsibility found that…

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