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Trump’s trade war ripples through the business world, hits stocks again

By Nora Eckert, Kalea Hall and Elisa Anzolin (Reuters) -The ripple effects of Donald Trump’s global trade war are increasingly being felt across numerous industries all at once and on Wednesday were once again exerting pressure on U.S. stock markets that have been roiled for weeks by his erratic trade policies.  Stocks fell broadly, with …

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Fed’s Schmid says patience needed to see how tariffs play out

(Reuters) – The Federal Reserve faces a complicated picture for policy decisions, Kansas City Federal Reserve Bank President Jeff Schmid said on Wednesday, noting that while he is hearing nervousness about tariffs in the agricultural sector, a recent decline in energy prices may deliver an offsetting “shot in the arm” that could somewhat limit inflation. …

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Trump opposed a planned Israeli strike on Iranian nuclear sites, New York Times reports

WASHINGTON (Reuters) -U.S. President Donald Trump blocked a planned Israeli strike on Iranian nuclear sites in favor of negotiating a deal with Iran to limit its nuclear program, the New York Times reported on Wednesday, citing administration officials and others. Israel had developed plans to attack the sites in May, according to the newspaper, which …

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US issues new sanctions targeting Chinese importers of Iranian oil

By Daphne Psaledakis WASHINGTON (Reuters) -The United States on Wednesday issued new sanctions targeting Iran’s oil exports, including against a China-based “teapot” oil refinery, as President Donald Trump’s administration seeks to ramp up pressure on Tehran. “Teapot” is an industry term for small independent oil refiners. The U.S. Treasury Department said in a statement the …

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When Canadian hockey and politics collide even democracy is happy to shift its schedule

(Reuters) – In a country where hockey is sacrosanct, Canadian politics has made a tactical shift to avoid clashing with a critical Montreal Canadiens game. Organisers have rescheduled a French-language leaders’ debate to avoid forcing voters to choose between civic engagement and their beloved NHL team.   The debate, initially set for Wednesday evening, was …

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Ex New York police sergeant sentenced to 1-1/2 years in prison for acting as Chinese agent

By Luc Cohen NEW YORK (Reuters) -A former New York City police sergeant was sentenced to 1-1/2 years in prison on Wednesday over his 2023 conviction for acting as an illegal Chinese agent. Michael McMahon was charged with being hired as a private investigator to surveil a New Jersey resident who was accused by China of …

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Wife of Peru’s Humala arrives in Brazil for asylum as ex-president jailed

By Marco Aquino LIMA/BRASILIA (Reuters) -Nadine Heredia, the wife of former Peruvian President Ollanta Humala, arrived in Brazil on Wednesday as the ex-leader spent the night in jail following a 15-year sentence for money laundering. Heredia, 48, landed in Brazil’s capital after requesting asylum, Brazil’s Foreign Ministry said. She was slapped with a 15-year sentence …

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Top US, Indonesian diplomats discuss tariffs, defense in meeting

(Reuters) – U.S. Secretary of State Marco Rubio discussed tariffs and ways to deepen defense and security cooperation with Indonesia in a meeting with the Indonesian foreign minister on Wednesday, the U.S. State Department said. Rubio and Indonesian Foreign Minister Sugiono “discussed ways to deepen defense and security cooperation, including efforts to uphold freedom of …

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US proposes looser interpretation of law that protects threatened species

(Reuters) -The Trump administration on Wednesday proposed a major change to how threatened species are considered in agency actions by removing regulatory language that seeks to prevent their habitats from being degraded. The move was aligned with President Donald Trump’s pledge to unwind what he says are burdensome federal regulations for businesses. The Endangered Species …

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