Syrian rebels claim to reach key city of Homs, extending rapid offensive against Assad

By Maya Gebeily, Suleiman Al-Khalidi and Parisa Hafezi BEIRUT/AMMAN/DUBAI (Reuters) -Syrian rebel forces said on Friday their lightning advance reached the central city of Homs, which could position the insurgents to topple another town strategic to President Bashar al-Assad’s grip on power. “Our forces have liberated the last village on the outskirts of the city …

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CFM secures regulatory certification for LEAP-1A engine’s durability fixes

By Rajesh Kumar Singh CHICAGO (Reuters) – Jet engine maker CFM International said on Friday aviation regulators in the United States and Europe have certified a “more durable” high-pressure turbine kit for its LEAP-1A engines that power the narrowbody jets of Airbus. LEAP engines have been facing durability issues in regions with hotter and harsh …

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S&P 500, Nasdaq hit record closing highs; Lululemon gains, data supports rate cut view

By Caroline Valetkevitch NEW YORK (Reuters) -The Nasdaq and the S&P 500 rose to record closing highs on Friday following upbeat forecasts from Lululemon Athletica and other companies and as U.S. jobs data fueled expectations the Federal Reserve would cut interest rates this month. The Dow finished lower, as a 5.1% drop in UnitedHealth Group …

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Fitch revises Hungary’s outlook to ‘stable’

(Reuters) – Credit ratings agency Fitch on Friday revised its outlook on Hungary to “stable” from “negative,” citing reduction in macroeconomic imbalances driven by improved coherence between fiscal and monetary policies. “The National Bank of Hungary (MNB) has maintained a tight monetary policy stance, while the government has taken steps to reduce the primary deficit …

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Fitch affirms Ukraine’s ‘RD’ rating as war with Russia drags on

(Reuters) – Fitch credit rating agency on Friday affirmed Ukraine’s long-term foreign currency sovereign credit rating at ‘RD’ as its war with Russia drags past the 33-month mark. The agency also affirmed the sovereign’s ‘CCC+’ long-term local currency amidst the ongoing debt restructuring, aimed at easing its wartime financial pressures. President Volodymyr Zelenskiy, in late …

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Appeals court upholds nearly $1.3 billion Sandy Hook verdict against Alex Jones

By Jack Queen (Reuters) – A Connecticut appeals court on Friday largely upheld a nearly $1.3 billion defamation verdict against conspiracy theorist Alex Jones in a case accusing the Infowars founder of spreading lies about the 2012 Sandy Hook mass shooting.  A three-judge panel of the Connecticut Appellate Court found that a jury’s October 2022 …

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Exclusive-Trump may cancel US Postal Service electric mail truck contract, sources say

By Jarrett Renshaw and Alexandra Ulmer (Reuters) -Donald Trump’s transition team is considering canceling the U.S. Postal Service’s contracts to electrify its delivery fleet, as part of a broader suite of executive orders targeting electric vehicles, according to three sources familiar with the plans. The move, which could be unveiled in the early days of …

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US regulator places Google Payment under supervision, company sues

(Reuters) -The US watchdog for consumer finance on Friday announced it was ordering federal supervision of Google Payment Corp., the internet giant’s payment arm, a decision the company immediately said it was challenging in court. The Consumer Financial Protection Bureau announced the step saying it had determined services offered by Google Payment had posed a …

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