Biden’s new asylum policy strands some migrants at Mexico border

By Laura Gottesdiener, Ted Hesson, Mica Rosenberg, Kristina Cooke and Daina Beth Solomon MATAMOROS, Mexico (Reuters) – On a June afternoon when temperatures climbed near 100 degrees Fahrenheit (38 Celsius), Alejandra Pena gently tipped a jug of water into her son’s mouth. Like other children in the migrant camp, a mile-long stretch of tents along…

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Biden’s junk fee crusade turns to short-term health insurance plans

By Nandita Bose WASHINGTON (Reuters) -U.S. President Joe Biden on Friday announced new steps to crack down on short-term health insurance plans and surprise medical bills, stepping up his war against so-called junk fees to lower healthcare costs. This will include a proposed rule that closes loopholes companies use to offer misleading short-term insurance products,…

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Barclays hires Birchenough as chairman of healthcare investment banking

By David Carnevali NEW YORK (Reuters) – Barclays Plc has hired Jim Birchenough from Wells Fargo & Co as its chairman of global healthcare investment banking, a spokesperson for the British bank confirmed, after Reuters reported on the appointment on Friday. Birchenough last served as vice chairman of biopharma investment banking at Wells Fargo. A…

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Senior US diplomat heads to India to discuss free speech, minority rights

By Kanishka Singh WASHINGTON (Reuters) – A senior U.S. diplomat will travel to India in the coming days and engage with its civil society over free speech and marginalization of minorities, after Indian Prime Minister Narendra Modi’s recent U.S. visit when he denied that abuse of religious minorities existed in his country. Uzra Zeya, U.S….

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Global stocks index flat, Dollar falls on mixed U.S. jobs data

By Sinéad Carew NEW YORK (Reuters) – MSCI’s global equity index ended Friday’s session virtually unchanged while the dollar was lower as government data showed that U.S. jobs growth slowed more than expected in June, easing worries about the outlook for Federal Reserve rate hikes. But while investors appeared to hold out hope for a…

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US bank credit rose last week, while commercial and industrial loans fell -Fed data

(Reuters) – Bank credit for U.S. commercial banks expanded slightly in the last week of June, even as commercial and industrial lending ticked down, Federal Reserve data released on Friday showed. Bank credit rose to $17.31 trillion in the week ending June 28, from $17.29 trillion a week earlier, on a non-seasonally adjusted basis. On…

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US to give Ukraine cluster munitions in $800 million aid package

By Mike Stone and Nandita Bose WASHINGTON (Reuters) – The United States announced on Friday that it will send Ukraine cluster munitions – prohibited by more than 100 countries – as part of an $800 million security package, a move Ukraine said would have an “extraordinary psycho-emotional impact” on Russian forces. Jake Sullivan, President Joe…

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