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Exclusive-Trump transition team plans sweeping rollback of Biden EV, emissions policies

By Jarrett Renshaw and Chris Kirkham (Reuters) – Incoming U.S. President Donald Trump’s transition team is recommending sweeping changes to cut off support for electric vehicles and charging stations and to strengthen measures blocking cars, components and battery materials from China, according to a document seen by Reuters. The recommendations, which have not been previously …

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Indian capital tightens anti-pollution measures as air quality worsens

(Reuters) – India directed schools to move to hybrid mode for some grades, asked government offices to stagger timings for staff and imposed restrictions on vehicles in Delhi and adjoining regions as air quality deteriorated in the country’s north on Monday. Delhi recorded “very poor” air on Monday with an air quality index (AQI) reading …

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German Chancellor Scholz loses no-confidence vote, paving way for election

By Friederike Heine and Andreas Rinke BERLIN (Reuters) -The German parliament accepted Chancellor Olaf Scholz’s invitation to withdraw its confidence in him and his government on Monday, clearing the way for an early election on Feb. 23 necessitated by the collapse of his government. Scholz’s three-party coalition fell apart last month after the pro-market Free …

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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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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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