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Explainer-State of the Union 2023: When is Biden speaking and what do you need to know?

By Trevor Hunnicutt and Nandita Bose WASHINGTON (Reuters) – U.S. President Joe Biden will on Tuesday deliver his State of the Union address three months after Republicans took control of the House of Representatives, a speech that may mark the unofficial start of the 2024 presidential campaign season. Here is what to expect. WHEN IS …

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France, Germany protest U.S. green subsidies on Washington trip

By Christian Kraemer and David Lawder WASHINGTON (Reuters) -France and Germany’s economy ministers found a willingness in Washington to engage with Europe’s concerns over subsidies for green technologies under the U.S. Inflation Reduction Act, but emerged with few specifics from meetings with top officials there. European capitals worry that the act, designed to shelter U.S. …

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Do blockbuster job gains jibe with ‘slow-flation’? Fed’s Powell faces new dilemma

By Howard Schneider and Andrea Shalal WASHINGTON (Reuters) – After vouching last week that a “gratifying” drop in inflation was underway, Federal Reserve Chair Jerome Powell will face questions on Tuesday about whether a blowout January jobs report has shaken his confidence the decline can continue without harsher steps by the U.S. central bank to …

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Russia accuses U.S. embassy of ‘fake news’ over Ukraine, threatens expulsions

By Andrew Osborn (Reuters) -Russia has demanded that the U.S. embassy in Moscow stop spreading what Moscow regards as fake news regarding its military operation in Ukraine and has threatened to expel U.S. diplomats, the TASS news agency reported on Tuesday. The warning included a harsh message to Lynne Tracy, the new U.S. ambassador to …

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EU deforestation law risks sidelining small farmers, says palm oil watchdog

By Mei Mei Chu KUALA LUMPUR (Reuters) -A new European Union law preventing the import of commodities linked to deforestation risks sidelining small farmers who are unable to meet the burdensome cost of compliance, the head of the Roundtable on Sustainable Palm Oil (RSPO) said on Tuesday. Joseph D’Cruz told Reuters larger RSPO-certified members will …

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Factbox: Biden’s State of the Union guests include Monterey Park hero, ex-Afghan envoy

By Kanishka Singh and Nandita Bose WASHINGTON (Reuters) – U.S. President Joe Biden’s State of the Union address on Tuesday will feature a guest list that includes a man who disarmed a gunman who killed 11 people, a former Afghan ambassador, and the family of Tyre Nichols, who died after being beaten by Memphis police. …

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Dollar drops as Fed’s Powell repeats disinflation comments, seen less-hawkish

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell from one-month highs on Tuesday after U.S. Federal Reserve Chair Jerome Powell doubled down on statements last week that disinflation has started, saying he expects significant declines in inflation this year. Powell did not revert to a hawkish stance despite last Friday’s blockbuster U.S. non-farm …

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