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Memphis returns second expelled Tennessee lawmaker back to statehouse

By Omar Younis and Jonathan Allen MEMPHIS, Tennessee (Reuters) – Local government officials in Memphis, Tennessee, voted on Wednesday to return the second of two Democratic state lawmakers who were expelled last week for protesting gun violence on the chamber floor. In a rare rebuke last week, Republicans who control the state House of Representatives …

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BoE’s Bailey says bank reforms worked but questions about liquidity buffers

By Huw Jones (Reuters) -Bank of England Governor Andrew Bailey said bank reforms enacted after the global financial crisis of 2007-09 worked during the recent banking turmoil, but there were questions about whether banks should set aside bigger cash buffers in future. The failure last month of Silicon Valley Bank and two other lenders in …

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U.S. sanctions hit over 120 targets supporting Russia’s invasion of Ukraine

By Daphne Psaledakis and Arshad Mohammed WASHINGTON (Reuters) -The United States on Wednesday imposed sanctions on over 120 targets to squeeze Russia for its war in Ukraine, pursuing entities linked to state-held energy company Rosatom and firms based in partner nations like Turkey in a sign of stepped-up enforcement. The sanctions, imposed by the Treasury …

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China wants to start using moon soil to build lunar bases as soon as this decade

BEIJING (Reuters) – China wants to start building a lunar base using soil from the moon in five years, Chinese media reported, with the ambitious plan kicking off as soon as this decade.     More than 100 Chinese scientists, researchers and space contractors recently met at a conference in the central Chinese city of Wuhan …

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Philippines will pursue drugs war appeal with ICC, says top gov’t lawyer

MANILA (Reuters) – The Philippines will pursue its appeal questioning the International Criminal Court’s (ICC) jurisdiction and authority to investigate killings during former President Rodrigo Duterte’s ‘war on drugs’, its top lawyer said on Wednesday. The remarks come after President Ferdinand Marcos Jr said last month he would cut off contact with the ICC after …

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Wall Street closes lower after Fed minutes, inflation data

By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended lower on Wednesday after minutes from the Federal Reserve’s March policy meeting revealed concern among several members of the Federal Open Markets Committee (FOMC) regarding the regional bank liquidity crisis. The minutes followed a cooler-than-expected inflation report which belied stickier underlying data and cemented the …

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Mother of Louisville shooter frantically called 911 to warn of his plans

By Julia Harte and Sharon Bernstein (Reuters) – The mother of the 25-year-old bank employee who killed five people and wounded nine others in a shooting rampage at his Kentucky workplace on Monday had frantically called 911 to report her son’s intention, emergency calls released on Wednesday showed. The calls, one of which came from …

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