Biden sees shift in ties with China ‘shortly’, says G7 wants to de-risk, not decouple

By Trevor Hunnicutt and Jeff Mason HIROSHIMA, Japan (Reuters) -U.S. President Joe Biden on Sunday said the Group of Seven nations had agreed a united approach to China that called for diversifying supply chains to reduce dependence on one country, and hinted that he could speak with China’s president soon. “We’re not looking to decouple…

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Blackstone acquires International Gemological Institute

MUMBAI (Reuters) -Private equity company Blackstone Inc said it has fully acquired the jewellery certification firm International Gemological Institute (IGI) from China’s Fosun and the company’s founding family. Blackstone bought IGI, whose majority revenue and profits come from India, for about $530 million, a person with direct knowledge of the matter said on condition of…

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Biden: Zelenskiy has promised Ukraine won’t use F-16 planes to go into Russia

By Jeff Mason and Trevor Hunnicutt HIROSHIMA, Japan (Reuters) – U.S. President Joe Biden on Sunday said he had received a “flat assurance” from Ukrainian President Volodymyr Zelenskiy that he would not use Western-provided F-16 fighter jets to go into Russian territory. Biden told reporters in Hiroshima, Japan, at the conclusion of a meeting of…

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Alberta on high alert for wildfire upsurge over scorching holiday weekend

By Ismail Shakil OTTAWA (Reuters) – Firefighters in Alberta are on high alert for a surge in blazes over a long weekend in the oil-rich Canadian province, which is enduring throttled energy production, home evacuations and property damage after an intense start to the wildfire season. Record-high temperatures and lack of rain this year have…

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Biden meeting Ukraine’s Zelenskiy, South Korea and Japan on Sunday

HIROSHIMA, Japan (Reuters) – U.S. President Joe Biden will meet Ukrainian President Volodymyr Zelenskiy on Sunday and also hold a joint meeting with the leaders of South Korea and Japan, according to a U.S. official. The United States, South Korea and Japan will discuss deepening three-way ties between their countries, including military “interoperability,” according to…

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White House, Republicans trade barbs as debt talks paused

By Moira Warburton and Timothy Gardner WASHINGTON (Reuters) – President Joe Biden’s administration and congressional Republicans traded barbs on Saturday over raising the federal $31.4 trillion debt ceiling, with both sides casting the other’s proposals as too extreme. Officials did not meet on Saturday, after two meetings ended on Friday with no progress cited by…

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Russia says supplying F-16 jets to Ukraine would carry ‘colossal’ risks for West – TASS

MOSCOW (Reuters) – Western countries will run “colossal risks” if they supply Ukraine with F-16 fighter jets, TASS news agency quoted Russian Deputy Foreign Minister Alexander Grushko as saying on Saturday. Grushko was responding to a question about the implications of providing the jets, which Ukraine has been requesting from NATO countries. It has not…

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Ukraine’s Zelenskiy courts ‘Global South’ at G7 summit

By John Irish and Sakura Murakami HIROSHIMA, Japan (Reuters) -Ukraine’s Volodymyr Zelenskiy held talks with India’s Narendra Modi on Saturday and was due to meet other “Global South” leaders at a Group of Seven (G7) summit aimed at broadening support for his country in its war against Russia. The three-day G7 meeting in the Japanese…

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