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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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Britain needs new ‘stockpile’ strategy to support Ukraine, says Labour

By Elizabeth Piper LONDON (Reuters) – Britain must set out a new strategy to boost military production and overhaul wasteful procurement to better support Ukraine and signal to Russia that things can only get worse, opposition Labour’s defence policy chief said on Tuesday. With Labour commanding a healthy lead over the governing Conservatives, its top …

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Mali says no need to justify Russia as partner as Lavrov visits

By Tiemoko Diallo BAMAKO (Reuters) -Mali’s foreign minister said on Tuesday it had no need to justify working with Russia on strengthening its military capabilities and importing oil and wheat, despite Western concerns. Abdoulaye Diop was speaking as Russian Foreign Minister Sergei Lavrov made his first visit to the West African nation, where militants linked …

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