As Republicans prepare to contest election, Democrats play defense

By Luc Cohen (Reuters) – Republicans and their allies are preparing to contest the Nov. 5 U.S. presidential election, filing lawsuits state-by-state to challenge potential losses and forcing Democrats into a defensive posture for fear of post-vote chaos. “The 2020 election was free, fair, and secure, and Democrats are making sure that 2024 is the …

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Biden administration eases restrictions on space-related exports to allies

By Karen Freifeld (Reuters) -The Biden administration on Thursday eased export restrictions on U.S. commercial space companies to ship certain satellite and spacecraft-related items to allies and partners. The changes are intended to make it easier for the growing U.S. commercial space industry to expand sales while also protecting national security and foreign policy interests. …

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US regional banks capitalize on rising deal fees to counter high deposit costs

By Niket Nishant and Manya Saini (Reuters) – U.S. regional banks’ profits outdid Wall Street expectations in the third quarter as their investment banking fees surged from a revival in dealmaking and helped offset higher deposit costs.  Underwriting and M&A activity picked up pace, taking advantage of a stock market rally and leaning on a …

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EU leaders set course for tougher policy to send back irregular migrants

By Jan Strupczewski BRUSSELS (Reuters) -European Union leaders agreed on Thursday to use all their leverage, including trade, development aid and visa policy, to speed up returns of migrants illegally entering the bloc and asked the European Commission to urgently draft a law. Immigration is a highly sensitive topic in most of the bloc’s 27 …

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White House warns China using overproduction for global dominance

By Andrea Shalal WASHINGTON (Reuters) – The United States will use restrictive tools like tariffs to push back against China’s practice of making far more goods than it needs in order to dominate global markets, White House official Daleep Singh said on Thursday. Singh, deputy national security adviser for international economics, said the Asian giant …

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Exclusive-Global coral bleaching event expands, now the largest on record

By Alison Withers and Gloria Dickie (Reuters) – The mass bleaching of coral reefs around the world since February 2023 is now the most extensive on record, the National Oceanic and Atmospheric Administration (NOAA) told Reuters this week. A staggering 77% of the world’s coral reef areas – from the Atlantic to the Pacific to …

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Brazil’s Randon says subsidiary to buy British EBS Group for $73 million

SAO PAULO (Reuters) – Brazilian automotive parts producer Randon said on Thursday its indirect subsidiary Master Europe signed a contract to buy British firm EBS Aftermarket Group for 56 million pounds ($72.8 million), according to a securities filing. ($1 = 0.7689 pounds) (Reporting by Andre Romani)