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U.S. East Coast blanketed in veil of smoke from Canadian fires

By Tyler Clifford NEW YORK (Reuters) -Schools across the U.S. East Coast canceled outdoor activities, airline traffic slowed and millions of Americans were urged to stay indoors on Wednesday as smoke from Canadian wildfires drifted south, blanketing cities in thick, yellow haze. The U.S. National Weather Service issued air quality alerts for virtually the entire …

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Indian wrestlers suspend protest after promise of swift probe of federation chief

By Rupam Jain NEW DELHI (Reuters) – India’s top wrestlers said they had decided to suspend protests on Wednesday after the country’s sports minister promised a swift probe of their federation chief who they accused six months ago of sexually harassing female athletes. The wrestlers have been camping in New Delhi for months seeking the …

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India’s Yes Bank aims to expand margins by 100 bps in next 3 years – MD

By Siddhi Nayak MUMBAI (Reuters) -India’s Yes Bank sees scope to expand its net interest margin by 100 basis points over the next three years by raising more low-cost deposits and lending to higher-yield clients, its managing director and CEO told Reuters on Wednesday. The push to improve net interest margins (NIM), together with lower …

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Pence attacks Trump as he challenges his ex-boss in 2024 White House race

By Tim Reid (Reuters) -Former Vice President Mike Pence, who loyally served Donald Trump for four years, on Wednesday blasted his former boss for the 2021 attack on the U.S. Capitol as he launched his campaign for the 2024 Republican presidential nomination. Pence issued his most forceful condemnation to date of Trump’s role in the …

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Buttigieg to meet Mexico’s president, aviation rating in the air

By Kylie Madry and David Shepardson MEXICO CITY/WASHINGTON (Reuters) -U.S. Transportation Secretary Pete Buttigieg traveled to Mexico on Wednesday to meet with the country’s president and cabinet members to discuss transportation, as Mexico awaits U.S. approval to regain a coveted air safety rating. Mexican President Andres Manuel Lopez Obrador said talks would center on his …

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Japan keeps growth focus but signals end to crisis-mode fiscal largesse

By Takaya Yamaguchi and Tetsushi Kajimoto TOKYO (Reuters) – Japan is committed to putting economic growth before fiscal reform, Prime Minister Fumio Kishida’s government said in its draft mid-year policy framework, while signalling an end to crisis-mode stimulus spending to return to one in “peacetime”. The draft plan, which was presented at Kishida’s top economic …

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China’s exports tumble in May as global demand falters

By Joe Cash BEIJING (Reuters) -China’s exports shrank much faster than expected in May while imports extended declines with a grim outlook for global demand, especially from developed markets, raising doubts about the fragile economic recovery. The world’s second-largest economy grew faster than expected in the first quarter thanks to robust services consumption and a …

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Raging Canada wildfires threaten critical infrastructure, force evacuations

By Ismail Shakil and David Ljunggren OTTAWA (Reuters) – Hundreds of uncontrolled forest fires blazed across Canada on Wednesday, threatening critical infrastructure, forcing evacuations and sending a blanket of smoky air wafting over U.S. cities. Wildfires are common in Canada’s western provinces, but this year flames have mushroomed rapidly in the country’s east, making it …

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