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Russia says it will continue oil and gas projects despite US sanctions

MOSCOW (Reuters) – Russia’s Foreign Ministry on Saturday denounced new U.S. sanctions against Moscow’s energy sector as an attempt to harm Russia’s economy at the risk of destabilising global markets and said the country would press on with large oil and gas projects. A ministry statement also said that Russia would respond to Washington’s “hostile” …

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Los Angeles wildfires spark insurance anxiety among victims

By Joe Brock and Chad Terhune ALTADENA, California (Reuters) – As Los Angeles construction worker Ivan De La Torre surveyed a landscape of smoking wreckage in fire-ravaged Altadena, a question nagged at him: how would insurance companies cover the cost of rebuilding an entire neighborhood? As hundreds of Los Angeles residents return to find homes …

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Venezuela’s Maduro sworn in as US raises reward for his capture

(Reuters) -Venezuelan President Nicolas Maduro, whose nearly 12 years in office have been marked by deep economic and social crisis, was sworn in for a third term on Friday, despite a six-month-long election dispute, international calls for him to stand aside, and an increase in the U.S. reward offered for his capture. Maduro, president since …

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US issues partial guidance on clean fuel subsidies, chafing ethanol makers

(Reuters) – The U.S. government on Friday released short-term guidance on how companies can secure clean fuel tax credits under the Inflation Reduction Act, but fell short of finalizing the program’s key details. Biofuels groups are eager for clarity on the tax credits for fuels that combat climate change, which they hope will ultimately provide …

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As China hacking threat builds, Biden to order tougher cybersecurity standards

By AJ Vicens DETROIT (Reuters) – President Joe Biden is calling for tighter cybersecurity standards for federal agencies and contractors in a new executive order due to be published in the coming days, pushing reforms designed to address repeated Chinese-linked cyber operations and cybercriminal operations, according to a draft of the order seen by Reuters. …

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EU approves Synopsys’ $35 billion Ansys deal under conditions

(Reuters) -The European Commission on Friday said it had approved the takeover by chip design software maker Synopsys of software company Ansys, with conditions to the $35 billion cash-and-stock deal announced in January last year. The deal would see Synopsys snap up the maker of software used in creating products from airplanes to tennis rackets …

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US hits Russian oil with toughest sanctions yet in bid to give Ukraine, Trump leverage

By Timothy Gardner, Daphne Psaledakis, Nidhi Verma and Dmitry Zhdannikov WASHINGTON/NEW DELHI/LONDON (Reuters) -U.S. President Joe Biden’s administration imposed its broadest package of sanctions so far targeting Russia’s oil and gas revenues on Friday, in an effort to give Kyiv and Donald Trump’s incoming team leverage to reach a deal for peace in Ukraine. The …

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Not viable for Gonzalez to enter Venezuela says opposition leader Machado

(Reuters) – It is not viable for Venezuelan opposition leader Edmundo Gonzalez to enter the country, his ally Maria Corina Machado said on Friday, shortly after President Nicolas Maduro was sworn in for a third term despite months of controversy over the country’s contested July election. On Thursday Machado was briefly detained after leaving a …

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US and allies slap sanctions on Venezuela officials as Maduro inaugurated

By Matt Spetalnick and Marianna Parraga WASHINGTON/HOUSTON (Reuters) -The United States on Friday imposed new sanctions on eight Venezuelan officials and increased to $25 million the reward it is offering for the arrest of President Nicolas Maduro on the day of his inauguration to a third term following a disputed election last year. It was …

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