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Fed's Daly says US policy 'slightly restrictive,' next step uncertain

San Francisco Federal Reserve President Mary Daly said on Thursday that U.S. monetary policy is "slightly restrictive" but that with "exceedingly strong" investment growth in AI-related technology and a stable labor market it's unclear what the Fed's next step should be."I think there's a scenario…

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Economy
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France fines Tagor 'shadow fleet' tanker linked to Russian oil €1 million

French authorities on Thursday fined the 'Tagor' tanker, which they intercepted and impounded at the end of May over its role in shipping Russian oil and gas, €1 million ($1.1 million).• The French Ministry of Justice added in a statement that the Tagor was now free to leave French waters, followin…

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Economy
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US to give Tanzania $1.3 bln under five-year health pact

The United States has signed a memorandum of understanding with Tanzania to invest more than $1.3 billion in its health sector over the next five years, the latest in a series of deals that have caused controversy in some African countries.The agreement, signed late on Wednesday, is similar to thos…

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Economy

Shanghai offers warmer welcome to China startups

By Ka Sing ChanGiants like the $274 billion Contemporary Amperex Technology SZSE:300750 and Luxshare Precision Industry SZSE:002475 are leading the wave of mainland-listed firms seeking a second trading home in Hong Kong, which offers access to hard currency and global investors. Startups already t…

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StocksCN
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Soldiers in Ukraine battle heatwave

By Sharon KimathiHello,This week’s volatile weather has brought devastation across the globe, with severe heatwaves gripping Europe and North America while deadly flash floods hit parts of Africa.We’ll look at Ukrainian soldiers battling Russian forces in sweltering temperatures, Spanish authoritie…

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