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Israel bombards central Gaza as tanks advance deeper in Rafah

By Nidal al-Mughrabi and Hatem Khaled CAIRO/GAZA (Reuters) -Israeli forces bombarded the Gaza Strip’s historic refugee camps in the centre of the enclave and struck Gaza City in the north on Thursday, killing at least 21 people, and tanks pushed deeper into Rafah in the south, health officials and residents said. A barrage of Israeli …

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Oil prices steady as US rate-cut hopes contend with economic slowdown signals

By Laila Kearney NEW YORK (Reuters) -Oil prices steadied on Thursday as investors wrestled with mixed signals about crude demand, with concerns about an economic slowdown in the U.S. contending with rising expectations the Federal Reserve would soon cut interest rates. Brent futures settled at $85.11 a barrel, rising 3 cents, while U.S. West Texas …

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Euro falls after ECB holds rates, dollar climbs after data

By Chuck Mikolajczak NEW YORK (Reuters) -The euro fell on Thursday after the European Central Bank kept rates steady, as was widely expected, while the dollar index climbed after stronger-than-expected data on the U.S. labor market and manufacturing. The ECB gave no insight into its next move, arguing that domestic price pressures remain high and …

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Russia’s trial of US reporter Gershkovich moves quickly through secret witness testimony

By Andrew Osborn and Mark Trevelyan MOSCOW (Reuters) -Russia’s espionage trial of Wall Street Journal reporter Evan Gershkovich moved quickly through witness testimony behind closed doors on Thursday and will now proceed to lawyers’ closing arguments in a case his employer called a sham. The unusually rapid pace of the trial – Thursday’s hearing was …

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Goldman Sachs profit tops estimates on robust debt underwriting, fixed-income trading

By Saeed Azhar and Niket Nishant NEW YORK (Reuters) -Goldman Sachs’ profit more than doubled in the second quarter and beat analysts’ estimates on strong debt underwriting and fixed-income trading, but slipped from a bumper first quarter when earnings were the highest since 2021. The resilience of the U.S. economy has given corporate executives the …

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US chip stocks volatile after Asian dip with China-US spat in focus

By SinĂ©ad Carew and Youn Ah Moon NEW YORK/SINGAPORE (Reuters) – Trading in U.S. chip stocks was choppy on Thursday after a massive sell-off on Wednesday and a tumble in chip stocks in Asia after a report that the United States was considering tighter curbs on exports of advanced chip technology to China. Semiconductor stocks …

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Italy’s antitrust takes aim at Google over personal data usage

ROME (Reuters) -Italy’s antitrust agency said on Thursday it had launched an investigation into online search giant Google and its parent company Alphabet over alleged unfair commercial practices involving users’ personal data. The request for consent that Google sends to its users to connect its multiple services “could constitute misleading and aggressive commercial practice”, the …

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