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US announces record oil and gas pollution penalty against Marathon Oil

By Nichola Groom (Reuters) – U.S. officials on Thursday announced a $241 million settlement with Marathon Oil over alleged air pollution violations at dozens of the company’s oil and gas facilities on a North Dakota Indian reservation, saying it was part of an ongoing crackdown. The settlement includes a record penalty and environmental equipment upgrades. …

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Factbox-How much has U.S.-built Gaza aid pier helped get aid into Gaza?

(Reuters) – A U.S.-built pier designed to increase flows of humanitarian aid into the Gaza Strip has been beset by challenges and is now expected to be permanently dismantled. U.S. officials have said they will attempt to reinstall the pier to clear a backlog of Gaza-bound aid in Cyprus, and that it is then likely …

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UK Prime Minister Starmer says special relationship with US is stronger than ever

WASHINGTON (Reuters) -Britain’s new prime minister, Keir Starmer, on Wednesday hailed the special relationship between the UK and U.S. at his first one-on-one meeting with President Joe Biden, where the two also celebrated England’s soccer win in the semi-finals of Euro 2024. Days after Starmer was elected in a landslide, he joined Biden in the …

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Donald Trump to address Bitcoin 2024 conference on July 27

By Kanishka Singh WASHINGTON (Reuters) – Former U.S. president and current Republican presidential candidate Donald Trump will speak at Bitcoin 2024 in Nashville, Tennessee, on July 27, the organizers of the conference said on Wednesday. WHY IT’S IMPORTANT Trump, who is running against Democratic President Joe Biden in November’s U.S. election, presented himself during a …

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US is ‘cautiously optimistic’ about Gaza ceasefire talks

By Kanishka Singh WASHINGTON (Reuters) – The United States was “cautiously optimistic” about Gaza ceasefire talks, White House national security spokesperson John Kirby told CNN on Wednesday, adding that gaps between the two sides could be narrowed. KEY QUOTES “We are cautiously optimistic that things are moving in a good direction,” Kirby said when asked …

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US to resume shipping 500-pound bombs to Israel, US official says

By Steve Holland WASHINGTON (Reuters) -President Joe Biden’s administration will resume shipping 500-pound bombs to Israel but will continue to hold back on supplying 2,000-pound bombs over concerns about their use in densely populated Gaza, a U.S. official said on Wednesday. The U.S. in May paused a shipment of 2,000-pound and 500-pound bombs due to …

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Alberta wildfires trigger fire restrictions

(Reuters) – Wildfires raging in the Canadian province of Alberta triggered fire restrictions in two forest areas, the province’s wildfire agency said on Tuesday. Fire restrictions were in effect for the High Level Forest Area and entire Fort McMurray forest area, where wildfire danger was extreme, Alberta’s wildfire agency said. Fire restrictions limit when and …

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Spirits set to overtake wine as global drinking habits change

LONDON (Reuters) – More cases of spirits such as vodka and whisky than of wine are set to be sold globally, a report from the World Spirits Alliance predicted on Wednesday, as drinking preferences have shifted. The report, whose predictions came from Oxford Economics and alcohol market research firm IWSR, said 2.67 billion cases of …

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Analysis-Rate cut prospects could bolster US stocks as investors await earnings, elections

By Lewis Krauskopf NEW YORK (Reuters) – The prospect of near-term interest rate cuts is bolstering the case for investors to remain bullish after a run in U.S. stocks that may soon be tested by upcoming corporate earnings reports and growing political uncertainty.  Expectations that the Federal Reserve will kick off its long-awaited rate-cutting cycle …

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