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Saudi energy minister: oil producers have consensus on cooperating after 2018

MUSCAT (Reuters) – OPEC and non-OPEC oil producers have a consensus that they should continue cooperating on production after the end of 2018, when their current agreement on production cuts expires, Saudi Arabian energy minister Khalid al-Falih said on Sunday. If oil inventories increase in 2018 as some in the market expect, producers may have […]

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Airstrikes pound Syria’s Afrin as Turkey launches ‘Operation Olive Branch’

HASSA, Turkey/BEIRUT (Reuters) – Turkey opened a new front in Syria’s war on Saturday, launching airstrikes against a U.S.-backed Kurdish militia in Afrin province that raise the prospect of worsening relations between Ankara and NATO ally Washington. The operation, which the Turks dubbed “Operation Olive Branch”, sees Ankara confronting Kurdish fighters allied to the United […]

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U.S. Supreme Court to decide legality of Trump travel ban

WASHINGTON (Reuters) – The U.S. Supreme Court on Friday set up a major showdown over presidential powers, agreeing to decide the legality of President Donald Trump’s latest travel ban targeting people from six Muslim-majority countries. The conservative-majority court is due to hear arguments in April and issue a ruling by the end of June on […]

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Retail sales slide in December, capping tough year for consumers

LONDON (Reuters) – British shop sales slid by much more than expected in December, capping off the weakest year for retail since 2013 as consumers squeezed by high inflation continued to keep a tight grip on spending. Retail sales volumes dropped 1.5 percent from November, the Office for National Statistics said, well below economists’ forecasts […]

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WhatsApp inches closer to revenue plan with accounts for businesses

SAN FRANCISCO (Reuters) – Messaging application WhatsApp said on Thursday that it would begin allowing business accounts for the first time, a step that brings the free service closer to a plan that would make money for its corporate parent, Facebook Inc. Some businesses already use WhatsApp, with 1.3 billion users, to answer inquires from […]

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Exclusive – Trump accuses Russia of helping North Korea evade sanctions; says U.S. needs more missile defense

WASHINGTON (Reuters) – U.S. President Donald Trump complained on Wednesday that Russia was helping North Korea to evade international sanctions, signaling frustration with a country he had hoped to forge friendly relations with after his 2016 election win. “Russia is not helping us at all with North Korea,” Trump said during an Oval Office interview […]

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Former Trump aide Bannon refuses to comply with U.S. House subpoena

WASHINGTON (Reuters) – President Donald Trump’s former chief strategist Steve Bannon declined on Tuesday to comply with a subpoena ordering him to answer questions from a U.S. House intelligence panel about his time at the White House as part of its investigation into allegations of Russian interference in the U.S. election. After Bannon initially refused […]

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Macron promises steps on Calais migration, acknowledges Brexit worries

CALAIS, France (Reuters) – French President Emmanuel Macron promised to stem the flow of migrants through the port of Calais on Tuesday, saying there would be no return to the “jungle” migrant camp, and said he understood the region’s concerns about the threat from Brexit. French President Emmanuel Macron delivers a speech to police officers […]

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Cranberries singer Dolores O’Riordan dies suddenly at 46

DUBLIN (Reuters) – Dolores O‘Riordan, the lead singer of Irish rock group The Cranberries, died suddenly on Monday at the age of 46 during a recording trip to London, her publicist said. The cause of death was unclear. O‘Riordan’s distinctive Irish lilt and yodel helped fuel the Cranberries’ rapid rise in the early 1990s with […]

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Asia shares hit historic highs, dollar slips anew

SYDNEY (Reuters) – Asian shares hit historic highs on Monday after Wall Street extended its record-breaking run, while the U.S. dollar retreat continued as investors priced in the risk of tighter policies elsewhere in the developed world. FILE PHOTO: Pedestrians walk past an electronic board displaying the Nikkei average outside a brokerage in Tokyo, Japan […]

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Merkel could join Macron in Davos for epic clash with Trump

BERLIN (Reuters) – German Chancellor Angela Merkel is considering joining French President Emmanuel Macron at the World Economic Forum in Davos next week in what could turn into an epic clash of competing world views with U.S. President Donald Trump. Acting German Chancellor Angela Merkel (CDU) speaks during a press conference after exploratory talks about […]

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Anti-Trump demonstrators march in Swiss capital

ZURICH (Reuters) – Anti-globalisation demonstrators took to the streets of the Swiss capital on Saturday to protest against a planned visit by U.S. President Donald Trump to the World Economic Forum this month. Trump announced last week that he would attend the WEF in Davos, an annual meeting of global business and political leaders. Some […]

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Trump denies vulgar remarks about Haiti, African countries; condemnation mounts

WASHINGTON (Reuters) – Facing strong condemnation at home and abroad, U.S. President Donald Trump on Friday denied using the word “shithole” to describe Haiti and African countries, but kept up criticism of a Senate immigration plan that he said would force the United States to admit people from countries that “are doing badly.” Trump reportedly […]

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Merkel’s conservatives, SPD agree German coalition blueprint – sources

BERLIN (Reuters) – German Chancellor Angela Merkel’s conservatives and the Social Democrats (SPD) agreed after all-night talks on Friday to a blueprint for formal coalition negotiations, party sources said, bolstering prospects for an end to months of political uncertainty. Acting German Chancellor Angela Merkel arrives for exploratory talks about forming a new coalition government at […]

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Ecuador gives Assange citizenship, seeks solution with Britain

QUITO/LONDON (Reuters) – WikiLeaks founder Julian Assange was “naturalised” as an Ecuadorean on Dec. 12, at his request, Ecuador’s foreign minister said on Thursday, adding that she was seeking a “dignified” solution to his situation with Britain. FILE PHOTO: WikiLeaks founder Julian Assange is seen on the balcony of the Ecuadorian Embassy in London, Britain, […]

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U.S. yields at 10-month high on China report; S&P 500 snaps rally

NEW YORK (Reuters) – U.S. Treasury yields hit 10-month peaks as investors worried that China would slow U.S. government bond purchases, but they retraced to end nearly unchanged on Wednesday, and the S&P 500 stock index snapped its six-day rally. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, […]

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U.S. judge blocks Trump move to end DACA programme for immigrants

SAN FRANCISCO/WASHINGTON (Reuters) – A U.S. judge in San Francisco temporarily barred President Donald Trump’s administration on Tuesday from ending a programme shielding young people brought to the United States illegally by their parents from deportation. FILE PHOTO: People march across the Brooklyn Bridge to protest the planned dissolution of DACA in Manhattan, New York […]

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Who will lead the Bank of England after Brexit?

LONDON (Reuters) – Britain is expected to choose a new central bank chief this year to succeed Canadian Mark Carney, who will step down in June 2019, three months after the country’s scheduled exit from the European Union. FILE PHOTO: A statue is silhouetted against the Bank of England in the City of London, Britain, […]

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S&P 500 extends new year’s gains; dollar up as euro falters

NEW YORK (Reuters) – The S&P 500 edged up for a fifth straight session on Monday, extending its winning streak for the new year, while the dollar hit its highest level in more than a week against a basket of currencies as the euro’s rally faltered. A global index of equities also rose slightly. The […]

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‘Three Billboards,’ ‘Lady Bird’ win top Golden Globes

LOS ANGELES (Reuters) – Dark drama “Three Billboards Outside Ebbing, Missouri” and mother-daughter comedy “Lady Bird” were the top winners at the Golden Globe awards on Sunday on a night marked by barbed comments about sexual harassment in Hollywood and passionate odes to those breaking their silence on the issue. Greta Gerwig director of Lady […]