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US farm secretary says ‘no amnesty’ for farmworkers from deportation

9 Jul 2025

By Leah Douglas WASHINGTON (Reuters) -U.S. Agriculture Secretary Brooke Rollins said on Tuesday that there will be “no amnesty” for agricultural workers as President Donald Trump’s administration moves to deport all immigrants in the country illegally.  Rollins said the administration wants a 100% American workforce and suggested some people receiving government aid could replace immigrant …

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Malaysia will not retaliate against US tariffs as talks continue

9 Jul 2025

By Mikhail Flores and Cynthia Kim (Reuters) -Malaysia has no plans to retaliate against a 25% tariff levied on its exports to the United States by Washington, its trade minister Tengku Zafrul Aziz said on Wednesday, saying he was “still optimistic” about reaching a trade deal. Speaking in an interview at the Reuters NEXT Asia …

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Temasek’s portfolio value hits record high; says US risks likely peaked

9 Jul 2025

By Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s state investor Temasek reported on Wednesday an 11.6% year-on-year jump in its net portfolio value to a record S$434 billion ($340 billion), and said risks around U.S. immigration, tariff and fiscal tightening policies had likely peaked. U.S. President Donald Trump opened a new phase on Monday in his trade …

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Australia’s Telstra to axe 550 roles in enterprise business overhaul

9 Jul 2025

(Reuters) -Telstra Group, Australia’s top telecom operator, said on Wednesday that it plans to lay off 550 employees as part of an ongoing overhaul of its enterprise business and structural changes across other parts of the organisation. The 550 affected roles represent less than 2% of Telstra’s total full-time workforce of 31,876, as of the …

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Workers at Glencore’s Australian coal mine go on strike over pay gap issues

9 Jul 2025

(Reuters) -Australia’s Mining and Energy Union (MEU) said on Wednesday workers at Glencore’s underground coal mine in New South Wales began a 24-hour strike action in the afternoon, demanding wage hikes to match pay rates at a neighbouring site. The union said its members voted for the midweek shifts to halt their operations at the …

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Australia ‘urgently seeking’ details on Trump drug tariff plan

9 Jul 2025

SYDNEY (Reuters) -Australia is “urgently seeking more detail” on U.S. President Donald Trump’s threat to raise tariffs up to 200% on pharmaceutical imports, Treasurer Jim Chalmers said on Wednesday. Trump announced plans to impose tariffs on pharmaceuticals, as well as a 50% tariff on copper imports, during a cabinet meeting in Washington hours earlier. “These …

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New Zealand keeps interest rates on hold but flags likely cut

9 Jul 2025

By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s central bank held the benchmark interest rate at 3.25% on Wednesday, noting near-term inflation risks, but said it expected to loosen monetary policy if price pressures continued to ease as forecast. The decision was in line with a Reuters poll in which 19 of 27 economists surveyed projected …

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REUTERS NEXT-Google AI spending primarily on technical infrastructure

9 Jul 2025

SINGAPORE (Reuters) -Google’s AI investments are primarily in technical infrastructure, Google APAC head of AI and emerging tech policy Eunice Huang said on Wednesday. “As our CEO has said, in these early days of a very transformative technology, the risks of under investing are dramatically higher than the risks of over investing,” Huang said, during …

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Australia’s central bank focused on US tariff developments

9 Jul 2025

SYDNEY (Reuters) -Australia’s central bank is very focused on U.S. tariff developments, Deputy Governor Andrew Hauser said on Wednesday, adding that there is an enormous amount of uncertainty in the global economy. The Reserve Bank of Australia on Tuesday surprised markets by holding interest rates steady at 3.85%, saying the majority of the board wanted …

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Wall St stocks edge lower as investors look for tariff clarity

9 Jul 2025

By Sinéad Carew and Pranav Kashyap (Reuters) -The S&P 500 ended Tuesday’s choppy session slightly lower as investors waited for clarity on U.S. trade policy after President Donald Trump’s latest tariff threats dampened hopes around talks with some trade partners. Wall Street equities had sold off sharply on Monday after Trump warned of sweeping new …

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