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UK’s FTSE 100 rises as energy, healthcare stocks shine, though ends week lower

By Johann M Cherian and Shashwat Chauhan (Reuters) -Britain’s FTSE 100 index closed higher on Friday, with healthcare and energy stocks leading as oil prices rebounded and drugmaker GSK jumped, while data showed the British economy grew slightly in the first quarter of the year. The blue-chip FTSE 100 rose 0.3%, snapping a three-day losing …

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With UK food price inflation at 46-year high, lawmakers launch probe

By James Davey LONDON (Reuters) – British lawmakers launched an investigation on Friday into the fairness of the country’s food supply chain, seeking to understand why households are facing the highest levels of food price inflation since the 1970s. The cross-party Environment, Food and Rural Affairs (EFRA) Committee of the House of Commons, the lower …

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U.S. House passes Republican bill tightening border security

By Richard Cowan WASHINGTON (Reuters) -The U.S. House of Representatives on Thursday approved Republican legislation intended to stop immigrants and illegal drugs crossing the nation’s southwestern border with Mexico, leaving it to the Senate to attempt a broader, bipartisan immigration bill. The package, which Democrats have warned will be blocked in the Senate, would set …

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U.S. Supreme Court preserves California humane pig confinement law

By Nate Raymond and Andrew Chung (Reuters) – The U.S. Supreme Court on Thursday preserved a California law banning the sale of pork in America’s most-populous state from pigs kept in tightly confined spaces, rejecting an industry challenge claiming that the voter-backed animal welfare measure impermissibly regulates out-of-state farmers. The justices voted 5-4 to uphold …

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SMIC shows first quarterly revenue fall in 3 years as chip glut bites

SHANGHAI (Reuters) – Chinese chip maker Semiconductor Manufacturing International Corp (SMIC) on Thursday reported its first quarterly drop in revenue in more than three years, as the global chip sector struggles to work through an inventory glut. Revenue in the January-March quarter was $1.46 billion, down 20.6% year-on-year and in line with analyst estimates. Net …

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‘Risky jurisdiction’: Aircraft lessors raise alarm over Go First crisis in India

By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) -The world’s second largest aircraft lessor, SMBC Aviation Capital, has warned that India’s decision to block leasing firms from reclaiming Go First planes will jolt the market and spark a confidence crisis, legal papers show. SMBC, along with firms such as Jackson Square Aviation and Bank …

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Russia’s war on Ukraine latest: Moscow denies reports of Ukrainian breakthroughs

(Reuters) – Russia’s defence ministry on Thursday denied reports that Ukrainian forces had broken through in various places along the front lines and said the military situation was under control. Moscow reacted after Russian military bloggers, writing on Telegram, reported what they said were Ukrainian advances north and south of the city of Bakhmut, with …

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