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India puts coastal states on alert amid warning of strengthening cyclonic storm

By Sumit Khanna and Manoj Kumar AHMEDABAD,India/NEW DELHI (Reuters) – India’s western states of Gujarat, Maharashtra, Goa and other coastal regions are on alert after meteorologists warned that a cyclonic storm over the Arabian sea would intensify over the next 24 hours. Authorities have told fishing communities to halt operations for the next five days …

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Minneapolis police face federal oversight for excessive force, discrimination

By Jonathan Allen (Reuters) – Police in Minneapolis routinely use excessive force and discriminate against Black and Native American people, the U.S. Justice Department said on Friday after a two-year investigation prompted by the police killing of George Floyd. The city has agreed to what will likely be years of federal oversight as it works …

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As Canada mourns 15 killed in road crash, investigators review video footage

By David Ljunggren OTTAWA (Reuters) -Flags flew lowered in the Canadian province of Manitoba on Friday following a deadly crash between a bus carrying mostly elderly passengers and a truck, as investigators identified the injured and reviewed video footage from a camera mounted on the truck. Fifteen people were killed and another 11 people were …

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S&P 500 ends lower as Microsoft recedes from record high

By Noel Randewich and Sruthi Shankar (Reuters) – The S&P 500 ended lower on Friday, weighed down by Microsoft and other market heavyweights as comments from two Federal Reserve officials curtailed optimism that the central bank is nearing the end of its aggressive interest rate hikes. The Nasdaq also ended the week lower, although the …

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Ukraine advancing in the south: military chiefs

KYIV (Reuters) -Ukrainian forces are advancing in southern sectors of their counter-offensive against Russian occupation troops, Ukrainian military officials said on Friday. The latest report on the counter-offensive, as well as an account of “desperate resistance” by Russian troops in the east, was issued as President Volodymyr Zelenskiy said movement in the counter-offensive was “the …

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Fed policymakers deliver hawkish vibe after pause decision

By Howard Schneider WASHINGTON (Reuters) -U.S. Federal Reserve officials struck a hawkish tone in their first comments since the central bank held the policy interest rate steady at its meeting this week but signaled that rate hikes will likely resume. “Core inflation is not coming down like I thought it would,” Federal Reserve Gov. Christopher …

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Electric-vehicle startups see weekly gains after blistering rally

By Aditya Soni and Akash Sriram (Reuters) -U.S. electric-vehicle startups saw massive weekly gains on Friday after a searing rally in their shares over the past few sessions nearly doubled the value of companies such as Nikola. The surge in EV stocks has come without any apparent news or catalyst for the companies, leading several …

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World stocks gauge pauses after big run, heavy central bank week

By Lewis Krauskopf and Amanda Cooper NEW YORK/LONDON (Reuters) – A gauge of global stock markets took a breather on Friday after a run to 14-month highs, while the U.S. dollar headed for its biggest weekly slide since January following a heavy week of central bank meetings around the world. The MSCI All-World index edged …

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Oil gains for the week as supply cuts balance demand concerns

By Stephanie Kelly NEW YORK (Reuters) -Oil rose on Friday and posted a weekly gain, as higher Chinese demand and OPEC+ supply cuts lifted prices, despite expected weakness in the global economy and the prospect for further interest rate hikes. Brent crude gained 94 cents to settle at $76.61 a barrel. U.S. West Texas Intermediate …

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Ukraine tells African mission no peace talks with Russia before withdrawal

By Pavel Polityuk and Olena Harmash KYIV (Reuters) -Ukrainian President Volodymyr Zelenskiy said after meeting African leaders in Kyiv on Friday that peace talks with Russia would be possible only after Moscow withdraws its forces from occupied Ukrainian territory. And Zelenskiy said he failed to understand what could be gained from the leaders meeting Russian …

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