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Liberia President Boakai resumes duties after heat exhaustion -presidency

MONROVIA (Reuters) -Liberia’s new president, Joseph Boakai, has recovered from an episode of heat exhaustion that caused him to cut short his inauguration speech on Monday and has resumed his normal activities, the presidency said. The 79-year-old, who defeated George Weah in a runoff election in November, was sworn in during an outdoor ceremony in …

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India’s Modi leads consecration of grand Ram temple in Ayodhya

By Saurabh Sharma and YP Rajesh AYODHYA, India (Reuters) -Indian Prime Minister Narendra Modi led the consecration on Monday of a grand temple to the Hindu god Lord Ram on a site believed to be his birthplace, in a celebratory event for the Hindu majority of the world’s most populous nation. Hindu groups, Modi’s Hindu …

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Temple tourism set to soar under India’s Modi

By Krishna N. Das NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi on Monday inaugurated one of the holiest Hindu temples and his government has been spending millions of dollars to develop many others, boosting tourism and his appeal among the majority community ahead of elections. Apart from a $6 billion makeover of the …

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Why India’s new Ram temple matters, and the dispute behind it

By Krishn Kaushik (Reuters) -Indian Prime Minister Narendra Modi led the consecration on Monday of a grand temple to the Hindu god-king Ram on a site believed to be his birthplace, in a historic event for the Hindu majority of the world’s most populous nation. Coming months before Modi seeks a rare third term in …

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US Supreme Court ruling on agency powers may impact Biden ESG investing rule

By Daniel Wiessner (Reuters) – An impending U.S. Supreme Court ruling that could curb the regulatory powers of federal agencies may play a critical role in a challenge by Republican-led states to a rule issued by President Joe Biden’s administration allowing socially conscious investing by employee retirement plans, according to a new court filing. The …

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India’s Cipla Q3 profit tops estimates on North America sales boost

BENGALURU/HYDERABAD (Reuters) -Indian generic drugmaker Cipla on Monday reported its third-quarter profit above analysts expectations, boosted by strong performances in North American and domestic markets. Consolidated net profit rose 32% to 10.56 billion Indian rupees ($127.1 million) in the quarter ended Dec. 31 from a year earlier, compared with average analysts’ estimate of 10.43 billion …

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South African rand on back foot ahead of rate decision, data

JOHANNESBURG (Reuters) -South Africa’s rand weakened against the dollar on Monday, as traders prepare for an eventful week where inflation data and the central bank’s first rate decision of the year are on the agenda. At 1516 GMT, the rand traded at 19.1575 against the dollar, 0.64% weaker than its previous close. The dollar was …

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Acid attack survivor fronts fashion book in new awareness campaign

By Johnny Cotton and Marie-Louise Gumuchian NIVELLES, Belgium/LONDON (Reuters) – Sitting at her home in the Belgian town of Nivelles, acid attack survivor and campaigner Patricia Lefranc flicks through a sleek book of pictures of her shot by British fashion photographer Rankin. In one, she holds a photo of herself before the devastating 2009 attack …

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Exxon files lawsuit against investors’ climate proposal

By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil Corp on Sunday filed a complaint in a Texas court seeking to prevent a climate proposal by activist investors from going to a vote during the company’s shareholder meeting in May. This is the first time Exxon is seeking to exclude a shareholder proposal by filing a complaint …

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Macy’s rejects Arkhouse’s $5.8 billion bid, citing financing concerns

(Reuters) -Macy’s said on Sunday it had rejected Arkhouse Management and partner Brigade Capital Management’s $5.8 billion proposal to take the department store operator private, citing concerns over deal financing and valuation. Like other legacy department store operators, Macy’s has struggled to compete against younger, online competitors or peers with smaller brick-and-mortar footprints. This has …

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