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Electrical lines from a toppled utility pole kill 4 horses as Puerto Rico’s power grid deteriorates

SAN JUAN, Puerto Rico (AP) — Electrical lines from a toppled utility pole killed four horses in central Puerto Rico on Thursday in an incident that also saw power knocked out to the area, underlining the deteriorating state of the U.S. territory’s power grid. ...
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3 workers trapped in a Canadian mine have air, food and water as rescuers try to gain access to them

VANCOUVER, British Columbia (AP) — Three workers remain trapped at a gold and copper mine in Western Canada on Thursday as a remote-controlled scoop began removing debris from rockfalls to gain access to them, a mine company said in a statement. The heap of rocks ...
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Ranchers in southern Mexico are struggling against a flesh-eating parasite infecting livestock

CINTALAPA, Mexico (AP) — With Mexican cattle again barred this month from entry to the United States over fears of spreading a flesh-eating parasite, ranchers and veterinarians in Mexico hundreds of miles from the border are fighting what has U.S. agricultural authorities so on ...
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Mexico’s Cemex posts double-digit profit rise as restructuring kicks in

By Kylie Madry MEXICO CITY (Reuters) -Mexican cement producer Cemex posted a double-digit increase in second-quarter profit on Thursday, despite a dip in sales, as its new management rolled out a restructuring program that included thousands of layoffs. Cemex’s profit climbed 38% to $318 million, ...
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Austria’s RBI ‘derecognizes’ $1.41 billion legal claim from Rasperia for Q2

(Reuters) -Austria’s Raiffeisen Bank International (RBI) on Thursday said it “derecognizes” 1.2 billion euros ($1.41 billion) in expected proceeds from enforcing claims against Rasperia Trading Limited’s Austrian assets for the second quarter of 2025. In June, a Russian court had rejected RBI’s bid to lift ...
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Average long-term US mortgage rate eases to 6.74%, keeping home loan borrowing costs elevated

The average rate on a 30-year U.S. mortgage eased this week, offering little relief for prospective homebuyers facing record-high home prices. The long-term rate slipped to 6.74% from 6.75% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.78%. Borrowing costs ...
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New FAA administrator says state of US air traffic unacceptable, morale low at agency

By David Shepardson OSHKOSH, Wisconsin (Reuters) -The new head of the Federal Aviation Administration said on Thursday the current state of the aging, understaffed U.S. air traffic control system is “not acceptable,” vowing an aggressive modernization effort. New FAA Administrator Bryan Bedford also said morale at ...
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Todd Boehly-backed Accelerant valued at $6.4 billion in debut as insurance IPOs heat up

(Reuters) -Billionaire sports financier Todd Boehly-backed Accelerant was valued at $6.4 billion as its shares jumped 36% in their New York debut on Thursday, adding to a string of insurance listings since Liberation Day. The company’s stock opened at $28.50 apiece, above the $21 offer ...
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US mulls limited authorizations for oil firms in Venezuela, sources say

By Marianna Parraga, Matt Spetalnick and Timothy Gardner HOUSTON/WASHINGTON (Reuters) -U.S. President Donald Trump’s administration is preparing to grant new authorizations to key partners of Venezuela’s state-run oil company PDVSA, starting with Chevron, which would allow them to operate with limitations in the sanctioned OPEC ...
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McGraw Hill valued at $3.25 billion as shares open flat in underwhelming debut

By Pritam Biswas (Reuters) -U.S. publisher McGraw Hill was valued at $3.25 billion as its shares opened at par in their New York debut on Thursday, hinting at a mixed response from investors in an otherwise upbeat IPO market. IPO market activity has rebounded strongly ...
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OpenAI prepares to launch GPT-5 in August, The Verge reports

(Reuters) -Artificial intelligence pioneer OpenAI plans to launch its GPT-5 model as early as August, The Verge reported on Thursday, citing sources familiar with the plans. The new model, which was expected to launch this summer, will be positioned as an AI system that ...
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Italy’s MPS focused on Mediobanca deal, CEO says after UniCredit drops BPM bid

(Corrects paragraph 8 after MPS clarifies the CEO did not directly address the question about a possible increase of the bid’s price in his answer) MILAN (Reuters) -Italy’s Monte dei Paschi is focused on its takeover offer for Mediobanca, its chief executive said on ...
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