Antisemitism festers in current US political and social climate, report says

By Kanishka Singh WASHINGTON (Reuters) – The social and political climate in the United States has become fertile ground for antisemitism in recent years, according to a report released on Monday by advocacy group Anti-Defamation League and the Tel Aviv University. Expressions of hatred against Jews have become “mainstreamed and normalized,” and incidents of violence,…

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US House Speaker McCarthy pitches budget cuts for debt limit vote

By Richard Cowan and Katharine Jackson WASHINGTON (Reuters) -U.S. House of Representatives Speaker Kevin McCarthy on Monday outlined spending cuts he said his fellow Republicans would demand in exchange for voting to raise the federal government’s $31.4 trillion debt ceiling, avoiding a potentially catastrophic default. His proposals included cutting spending to last year’s levels, capping…

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BlackRock to kick off sales of securities of failed banks – Bloomberg News

(Reuters) -Asset manager BlackRock Inc is launching a months-long process on Tuesday to help the Federal Deposit Insurance Corp offload $114 billion of assets it picked up recently from failed banks, Bloomberg News reported on Monday, citing emails. Earlier this month, the Federal Deposit Insurance Corp (FDIC) retained BlackRock’s unit to sell the securities portfolios…

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S.Korea, US, Japan hold drills as N.Korea slams US ‘nuclear blackmail’

By Hyonhee Shin SEOUL (Reuters) – South Korea, the United States and Japan staged joint naval missile defence exercises on Monday to improve responses to North Korean threats, as Pyongyang accused Washington of ramping up “nuclear blackmail” with military drills. The three nations agreed at talks in Washington on Friday to hold regular missile defence…

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U.S. Supreme Court turns away suit by Texas inmate held 27 years in solitary confinement

By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined to hear an appeal from a Texas inmate convicted of robbery who argues that the 27 years he was forced by prison officials to spend in solitary confinement violated the constitutional bar against “cruel and unusual” punishment. The justices turned away Dennis…

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US financial institutions hit by deposit flight as clients seek higher returns

(Reuters) -Deposits at three financial institutions fell in the first quarter as the industry’s biggest crisis in more than a decade prompted a flight of funds, with customers seeking better returns elsewhere. Deposits at custodian bank State Street Corp and regional bank M&T Bank Corp fell 3% each, while those at Charles Schwab Corp shrank…

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Exchanges and asset managers square off over EU market rules

By Huw Jones LONDON (Reuters) – Stock exchanges and asset managers have squared off ahead of European Union negotiations this week over how much information investors should be given to find the best deals on Europe’s fragmented stock markets. The European Parliament and EU states begin negotiations on Tuesday on finalising reform of the bloc’s…

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