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More bank jitters as First Republic probes asset sales, ‘bad bank’ options -source

By Manya Saini, David French and Saeed Azhar (Reuters) -First Republic Bank faces dwindling and tough options to turn around its business with the creation of a ‘bad bank’ or asset sales possibilities, a source familiar with the matter said, after the lender showed the extent of deposit flight during last month’s banking crisis. First …

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Price hikes boost profits at global consumer giants; will spending last?

By Doyinsola Oladipo NEW YORK (Reuters) -Major global brands like McDonald’s, General Motors and Nestle posted steady first-quarter results built on higher prices, demonstrating that shoppers across major economies are still spending despite slowed economic activity. Price increases for soda, appliances and other goods bolstered profits, but sales volumes declined for many bellwethers in Europe …

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Kenya hunger cult deaths reach 89, minister prays survivors will ‘tell the story’

By George Obulutsa NAIROBI (Reuters) -The death toll among followers of a Kenyan cult who believed they would go to heaven if they starved themselves has risen to 89, Interior Minister Kithure Kindiki said on Tuesday, calling for the group’s leader to spend the rest of his life in prison. The toll has steadily risen …

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US House Republicans push forward on debt ceiling bill despite party concerns

By David Morgan and Katharine Jackson WASHINGTON (Reuters) -Top Republicans in the U.S. House of Representatives said on Tuesday they would move forward with a vote this week on a partisan bill to slash spending and raise the government’s $31.4 trillion debt ceiling, despite signs of growing opposition within their own ranks. House Speaker Kevin …

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Britain begins large-scale evacuation of its nationals from Sudan

By Kylie MacLellan and Michele Kambas LONDON/NICOSIA (Reuters) -Britain launched a large-scale evacuation of its citizens from Sudan on Tuesday, joining other nations racing to get their people out of the North African country after its warring factions agreed to a 72-hour ceasefire. Britain, which has estimated that about 4,000 of its nationals are in …

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UK’s Prince William settled phone-hacking claim against Murdoch group – court documents

LONDON (Reuters) – Britain’s Prince William settled a phone-hacking claim against Rupert Murdoch’s UK newspaper arm in 2020 for a “very large sum” after a secret deal struck with Buckingham Palace, lawyers for the heir’s brother Prince Harry said in court documents. Harry, the younger son of King Charles, is suing News Group Newspapers (NGN) …

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Crab cakes, beef and banana splits: Biden’s South Korea state dinner menu unveiled

By Jeff Mason WASHINGTON (Reuters) – Guests at President Joe Biden’s and first lady Jill Biden’s state dinner with their South Korean counterparts will feast on Maryland crab cakes and braised beef short ribs followed by banana splits for dessert, the White House said on Monday. The Bidens are hosting South Korean President Yoon Suk …

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