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Inflation fight again putting central bank independence under strain, policymakers say

By Balazs Koranyi DUBROVNIK, Croatia, May 30 (Reuters) - Central bank independence is again coming under pressure as policymakers push through unpopular measures to curb surging prices, prompting political interference that could erode trust and deepen the crisis, current and former officials said. Inflation has picked ...
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Russian spies are aggressively seeking Western technology as sanctions bite, officials say

STOCKHOLM, Sweden (AP) - Russia's intelligence agencies have grown more aggressive in their efforts to steal Western technology and defense secrets as sanctions squeeze the country's wartime economy, three senior European intelligence officials told The Associated Press. Moscow's agents are building fake companies, recruiting middlemen ...
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America In Focus: Inflation gauge hits multiyear high as American consumer confidence slides

The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store or gas station are more painful than they were last year, and rising costs are impacting the decisions ...
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First Windows PC powered by Nvidia chips to debut next week, Axios reports

May 30 (Reuters) - AI chip firm Nvidia and Microsoft are expected next week to debut the first Windows PCs that use Nvidia's chips as the main processor, Axios reported on Saturday, citing sources. Nvidia-powered computers are expected both from Microsoft's Surface brand as well ...
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US and China trade journalist expulsions days after Trump visits Xi in Beijing

WASHINGTON (AP) - The Trump administration has revoked the visa of a Chinese national working for the state news agency Xinhua in the United States, in an apparent reciprocal act to Beijing's decision to expel a New York Times reporter. A person familiar with the ...
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SEC moves to repeal rule that requires companies to report greenhouse gas emissions and climate risk

WASHINGTON (AP) - In the latest action to undo Biden-era regulations on climate change, the Securities and Exchange Commission on Friday proposed repealing a rule that requires some public companies to report their greenhouse gas emissions and the risks they face from global warming. The ...
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More Fed policymakers eye possible rate hike as inflation risks rise

By Michael S. Derby May 29 (Reuters) - Federal Reserve officials continued on Friday to signal the U.S. central bank may need to raise interest rates in the future if the war in the Middle East leads to a persistent increase in already-high inflation. The potential ...
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Universal Music Group declines Pershing Square takeover proposal

May 29 (Reuters) - Universal Music Group's board on Friday declined an unsolicited takeover proposal from Bill Ackman's Pershing Square. In April, Pershing Square had proposed a cash-and-stock offer through its acquisition vehicle, valuing Universal Music at around €30.40 per share and making the deal ...
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Trump claims he’s making food more affordable but his examples ignore the big picture

WASHINGTON (AP) - In a Truth Social post on Wednesday, the president proclaimed "TRUMP'S MAKING FOOD AFFORDABLE," and cited falling prices for a range of groceries, including avocados, fresh berries, and a variety of pantry staples. Yet just two weeks earlier the Labor Department ...
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Unrealised losses at US private credit lenders deepen

By Patturaja Murugaboopathy May 29 (Reuters) - Unrealised losses at U.S. private credit lenders deepened in the first quarter to their worst level since 2022, while the amount of interest income they received in kind, rather than cash, stayed high, filings and data reviewed ...
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Private credit roundup: paper losses deepen at lenders

LONDON, May 29 (Reuters) - A Reuters analysis of first-quarter regulatory filings by private credit lenders showed paper losses deepened, underscoring market concerns this year over the sector's profitability and risks from AI disruption. The Reuters analysis of 51 business development companies, or BDCs, ...
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Trump administration wants to raise North American auto content to 82%, with half from US

WASHINGTON/MEXICO CITY, May 29 (Reuters) - The Trump administration wants to increase the level of regional content in North American-built vehicles to 82% to qualify for preferential treatment under the U.S.-Mexico-Canada Agreement on trade, with 50% of that value produced in the United States, ...
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