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By Gleb Bryanski and Vladimir Soldatkin MOSCOW (Reuters) -President Vladimir Putin said on Friday that Russia was looking to cut its military expenditure from next year, contrasting that with NATO’s plan to ramp up defence spending over the next decade. NATO allies on Wednesday agreed to raise their collective spending goal to 5% of gross…
Fast fashion giant Shein is believed to be planning to confidentially file a draft prospectus for a Hong Kong IPO. This is according to three sources for Reuters, one of which said the filing could be submitted as soon as this week. Two sources said that, if approved, Shein’s intention to file confidentially would be…
Washington — The Supreme Court on Friday ordered further arguments over Louisiana’s congressional map that was approved by the state’s GOP-led legislature and created a second majority-Black district. An order from the court issued on the last day of its term restored the case to its calendar for reargument, with an additional scheduling order to…
The U.S. and China have agreed on a trade deal that would reduce tariffs and expedite shipments of rare-earth metals. United States Treasury Secretary Scott Bessent said on Friday that U.S. tariffs on Chinese imports will now start at 30%, while China’s duty rate on goods from the U.S. will be at 10%. The 20%…
TALLAHASSEE, Fla. (AP) — Environmental groups filed a federal lawsuit Friday to block a migrant detention center being built on an airstrip in the heart of the Florida Everglades. The lawsuit seeks to halt the project until it undergoes a stringent environmental review as required by federal law. There is also supposed to be a…
Washington — The Supreme Court on Friday upheld a Texas law that requires pornography websites to verify their visitors’ age, finding that the lower court applied the appropriate level of judicial review when evaluating the constitutionality of the age-verification laws. The high court divided 6-3 along ideological lines, with Justice Clarence Thomas authoring the decision…
Rare earths are among the most critical raw materials on the planet, deeply embedded in the technologies that underpin modern life. Yet few people had even heard of them until the eruption of the US-China trade war thrust them into the limelight. Source link
Many details from the census have already been released, revealing a wealth of population information about the country’s nations, regions and local areas. But a complete picture for the whole of the UK has only now been published. The delay in producing a set of UK-wide statistics is due to the unusual circumstances in which…
Three Chinese consumer companies that debuted in Hong Kong on Thursday had mixed performances, showing that investor interest remains patchy despite signs the city’s equity market is ending a years-long slump. Jewelry retailer Zhou Liu Fu Jewelry Co. Ltd. closed up 25% at HK$30 ($3.82), while maternity care provider Saint Bella Inc. jumped 33.7% to…
The personal consumption expenditures price index, or PCE, inched higher in May, the latest sign that inflation remains stubbornly above the Federal Reserve’s 2% annual target. Prices rose 2.3% in May compared with a year ago, up from just 2.1% in April, according to the PCE data. Excluding the volatile food and energy categories, core…