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Factbox-Pilots, airlines seek to strike new contracts ahead of peak travel season

(Reuters) -North American pilots are pushing for better pay and working conditions during their talks over new employment contracts with company managements. Members at some unions have voted to authorize a strike if a new contract isn’t reached. The aggressive posture comes at a time of pilot shortages and a rise in public support for …

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Explainer-What are the charges against Donald Trump in the classified documents case?

By Jack Queen (Reuters) – Here is a look at the charges former President Donald Trump faces and his possible defenses over what prosecutors say was his illegal retention of classified documents at his Florida estate after leaving the White House in 2021. WHAT IS TRUMP ACCUSED OF DOING? Trump was charged in an indictment …

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Oil prices rise on bargain hunting as demand worries weigh

By Shadia Nasralla LONDON (Reuters) -Oil prices rose on Tuesday on apparent bargain hunting, recovering some ground from the previous day’s plunge. But gains were limited as investors remained cautious ahead of key policy decisions by central banks and on weak economic data from China. Brent crude futures climbed $2.28, or 3.2%, to $74.12 a …

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Sudanese refugees in Chad risk losing aid as rainy season looms, says MSF

N’DJAMENA (Reuters) – Thousands of Sudanese refugees who fled to Chad to escape fighting in their country could be cut off from humanitarian and medical aid during the approaching rainy season, medical charity Medecins Sans Frontieres (MSF) said on Monday. More than 100,000 people have fled across the border to Chad since conflict broke out …

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China cuts short-term borrowing costs to support recovery

By Winni Zhou and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – China’s central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, to help restore market confidence and prop up a stalling post-pandemic recovery in the world’s second-largest economy. The cut to the lending rate signals possible easing for longer-term rates …

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Toyota unveils sweeping plans for new battery tech, EV innovation

By Daniel Leussink TOKYO (Reuters) -Toyota will introduce high-performance, solid-state batteries and other technologies to improve the driving range and cut costs of future electric vehicles (EVs), the automaker said on Tuesday, a strategic pivot that sent its shares higher. The Japanese giant’s technology roadmap, covering aspects as varied as next-generation battery development and a …

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Trump arrives in Florida to face charges, maintains lead in poll

By Jack Queen MIAMI (Reuters) -Former President Donald Trump arrived in Miami on Monday to face federal criminal charges, while a new Reuters/Ipsos poll found a vast majority of his fellow Republicans believe the case to be politically motivated. Trump, the front-runner for the Republican nomination in the 2024 presidential election, is scheduled to be …

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UBS Asia Pacific wealth management co-head expands role

By Xie Yu and Selena Li HONG KONG (Reuters) – UBS Asia Pacific co-head of wealth management, Amy Lo, has expanded her role to spend more time on key clients after the Swiss bank completed its takeover of Credit Suisse on Monday, according to an internal memo seen by Reuters. Lo retains primary responsibility for …

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China’s Xi says willing to begin free trade talks with Honduras

BEIJING (Reuters) -China is willing to begin talks on a free trade agreement with Honduras “as soon as possible”, Chinese President Xi Jinping said on Monday, during the first visit by the Central American country’s president since forming diplomatic ties in March. Honduras’ President Xiomara Castro is on a six-day official visit to China. She …

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Body recovered from rubble of Philadelphia I-95 highway collapse

By Brendan O’Brien and Jarrett Renshaw PHILADELPHIA (Reuters) -Human remains were recovered on Monday from a fallen overpass on Interstate 95 in Philadelphia as crews removed concrete debris from the site of a fiery weekend highway collapse that closed a stretch of one of the busiest traffic corridors along the U.S. East Coast. The section …

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