Oil sags on soft Chinese spending, investor pause before US Fed rate move

By Laila Kearney NEW YORK (Reuters) – Oil futures slipped from the highest levels in several weeks on Monday on weakness in consumer spending in China, the world’s largest oil importer, and as investors paused buying ahead of the U.S. Federal Reserve’s interest rate decision. Brent crude futures settled at $73.91 a barrel, down 58 …

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UK approves Indian group Bharti’s purchase of 24.5% stake in BT

LONDON (Reuters) -The British government on Monday approved Indian group Bharti Global’s purchase of a 24.5% stake in London-listed BT, following a detailed national security assessment and assurances from the telecoms company. The purchase of the shares, worth 3.2 billion pounds, was made from the previous top investor, Patrick Drahi’s Altice, under the terms set …

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Palestinians mourn dead after Israeli strike on Gaza’s Khan Younis

By Nidal al-Mughrabi and Hussam al-Masri CAIRO/GAZA (Reuters) – Relatives of Palestinians killed by Israel in Khan Younis gathered around their white-shrouded bodies on Monday before carrying them to their graves. Palestinian health officials said on Sunday at least 20 people, including children, were killed in the strike at the school sheltering displaced families in …

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Family of US activist killed in West Bank says Blinken offers no prospect of US inquiry

By Humeyra Pamuk WASHINGTON (Reuters) -The family of a Turkish-born American human rights activist killed by Israel in the occupied West Bank pleaded with Secretary of State Antony Blinken on Monday for a U.S. probe into her killing but got no promises, the woman’s husband said. Aysenur Ezgi Eygi, 26, was shot dead on Sept. …

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Regional lenders Berkshire Hills Bancorp, Brookline strike $1.1 billion merger deal

By Manya Saini (Reuters) -Berkshire Hills Bancorp and Brookline Bancorp have agreed to merge in an all-stock deal valued at about $1.1 billion, the regional lenders said on Monday, in yet another sign of increasing consolidation within the industry. Regional lenders that were at the heart of the banking crisis in 2023 have been cutting …

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Walmart’s Mexican unit faces more fines if it defies antitrust resolution, regulator says

MEXICO CITY (Reuters) -Mexico’s antitrust watchdog Cofece said on Monday it could fine Walmart’s local unit, Walmex, up to 8% of its income if it does not comply with a resolution prohibiting the retailer from engaging in certain conduct deemed illegal.   Cofece’s statement offered more details on a ruling that Walmex reported on Friday, in …

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