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Asian shares are mixed as tech stocks rebound from sell-offs, while oil prices slip

Asian shares were mixed Tuesday, with tech shares leading gains after Wall Street recovered some of its sell-off from last week. Oil prices fell back after surging on Monday as fighting flared between Israel and Iran, threatening to pull the region back into full-scale ...
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China’s exports jump 19.4% in May from a year earlier, despite Iran war

HONG KONG (AP) - China's exports picked up pace in May, rising 19.4% from a year earlier, its customs agency said Tuesday, as technology-related shipments remained robust despite impacts from the Iran war. The stronger than expected performance was an improvement from April's 14.1% year-on-year ...
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As US Customs refines its tariff refund system, who gets in to apply is under dispute

NEW YORK (AP) - A U.S. Customs and Border Protection agency official is set to testify in federal court Tuesday about the U.S. government's plans for refunding billions of dollars that importers paid before the Supreme Court ruled that President Donald Trump illegally imposed ...
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US carriers spent $6.5B on fuel in April; global profit forecast is cut nearly in half

U.S. airlines spent more than $6 billion on jet fuel in April, up 78% from a year earlier despite using slightly less fuel, government data released Monday showed. Meanwhile, the airline industry's top global trade group warned that soaring energy costs could nearly halve ...
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Man in Texas is accused of using a fake boarding pass to get on a United flight to Los Angeles

A Texas man is accused of using a fake boarding pass to get on a United Airlines flight before he was found hiding in a restroom, forcing the plane back to the gate before it could take off at Houston's George Bush Intercontinental Airport, ...
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New York Fed survey finds stable inflation expectations in May

By Michael S. Derby June 8 (Reuters) - The U.S. public's inflation outlook was little changed in May despite the strong upward pressure on prices resulting from the war in the Middle East, a survey released by the New York Federal Reserve showed on Monday. Inflation ...
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China car sales downturn extends into May as VW tests EV revamp

BEIJING, June 8 (Reuters) - China's car sales extended a downturn in May that has become a stress test for foreign automakers led by Volkswagen, which is trying to revive its China business through locally developed electric vehicles. Sales dropped ...
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As Apple’s WWDC conference kicks off, investors want to know if AI will save Siri

By Stephen Nellis and Kenrick Cai CUPERTINO, California, June 8 (Reuters) - Apple on Monday will test its standing in the AI race, with analysts expecting the iPhone maker to open its developer conference with a long-awaited Siri overhaul and tools to tap the computing ...
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Italy’s top bank Intesa launches unsolicited $35 billion bid for Monte dei Paschi

By Valentina Za MILAN, June 8 (Reuters) - Italy's biggest banking group Intesa Sanpaolo on Monday announced a €30.6 billion ($35 billion) unsolicited cash-and-share bid to buy rival lender Monte dei Paschi di Siena (MPS), kicking off a fresh consolidation drive. Having secured a fifth of ...
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Private jet market defies Iran war gloom as rich flock to Monaco GP, Cannes

By Alessandro Parodi, Tassilo Hummel and Joanna Plucinska LONDON/PARIS/GDANSK, June 8 (Reuters) - As soaring jet fuel prices triggered by the Iran war send ripples across the global travel market, a wealthy elite of CEOs, celebrities and sports stars is flying by private jet in ...
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Apple expected to unveil new AI features at last developers conference with CEO Tim Cook

Apple is expected to unveil new artificial intelligence features at its annual developers conference beginning Monday, which will be the last one featuring CEO Tim Cook before he turns his post over to John Ternus in September. The World Wide Developers Conference, which attracts ...
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China’s global e-commerce push stalls as Iran war lifts costs, dampens demand

By Sophie Yu, Helen Reid and Alessandro Parodi BEIJING/LONDON, June 8 (Reuters) - China's e-commerce export engine is faltering as surging jet fuel costs and weak demand from lower-income consumers in the West linked to the Iran war threaten profits for big online platforms ...
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