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McCarthy, US House hardliners reach deal to allow votes

By David Morgan WASHINGTON (Reuters) -U.S. House Speaker Kevin McCarthy reached an agreement on Monday with an insurgent group of Republican conservative hardliners that will allow legislation to move forward this week, following a standoff that had paralyzed the chamber for days. But the lawmakers, including members of the ultra-conservative House Freedom Caucus, warned that …

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New Zealand’s national broadcaster probes ‘inappropriate editing’ of Ukraine war stories

By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s national radio broadcaster has launched an investigation and put a staff member on leave after it said a series of news stories on its website about Russia’s invasion of Ukraine had been edited to present “a false account of events”. Radio New Zealand (RNZ), which is government-funded but has …

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Ukraine claims new gains in early phase of counteroffensive

By Tom Balmforth KYIV (Reuters) -Ukraine said on Monday its troops had recaptured seven villages from Russian forces along an approximately 100-km (60-mile) front in the southeast since starting its long-anticipated counteroffensive last week. The task of ending Russia’s occupation of southern and eastern Ukraine is daunting, given Russia’s numerical superiority in men, ammunition and …

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Equities gain as investors look for cooler inflation, Fed ‘pause’

By Sinéad Carew and Elizabeth Howcroft NEW YORK/LONDON (Reuters) – Global stocks gained ground, hitting their highest level in more than a year on Monday, while U.S. Treasury yields and the dollar were virtually unchanged ahead of key U.S. inflation readings and interest rate decisions later this week from the U.S. Federal Reserve and other …

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Exclusive-Pakistan paid in Chinese currency for discounted Russian oil- minister

By Ariba Shahid and Asif Shahzad ISLAMABAD (Reuters) -Pakistan paid for its first government-to-government import of discounted Russian crude oil in Chinese currency, the South Asian country’s petroleum minister said on Monday, a significant shift in its U.S. dollar-dominated export payments policy. Discounted crude offers a respite as Pakistan faces an economic crisis with an …

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