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LIMA (Reuters) – Peru extended a state of emergency for another 30 days along the country’s main roadways, including a key mining corridor, as a new round of protests are expected to kick off next week, the country’s prime minister said on Wednesday. Protests gripped Peru late last year after former President Pedro Castillo attempted to illegally dissolve Congress, was ousted and detained. He remains jailed and his vice president […]

By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended solidly higher on Wednesday, led by a gain of more than 1% in the Nasdaq after a report showed inflation subsided further with consumer prices registering their smallest annual increase in more than two years. The data underscored expectations the Federal Reserve may let interest rates stand after one more 25 basis point hike expected at its July policy meeting. […]

By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended solidly higher on Wednesday, led by a gain of more than 1% in the Nasdaq after a report showed inflation subsided further with consumer prices registering their smallest annual increase in more than two years. The data underscored expectations the Federal Reserve may let interest rates stand after one more 25 basis point hike expected at its July policy meeting. […]

By Michael S. Derby NEW YORK (Reuters) – Cleveland Federal Reserve President Loretta Mester said on Wednesday that the U.S. central bank’s new real-time money moving system is being designed in a way that should help ensure financial stability should bank stress arise. Mester acknowledged concerns that FedNow, a real-time, all-hours payment system the central bank is making available to banks, could exacerbate banking troubles by facilitating fast outflows from […]

By Michael S. Derby NEW YORK (Reuters) – Cleveland Federal Reserve President Loretta Mester said on Wednesday that the U.S. central bank’s new real-time money moving system is being designed in a way that should help ensure financial stability should bank stress arise. Mester acknowledged concerns that FedNow, a real-time, all-hours payment system the central bank is making available to banks, could exacerbate banking troubles by facilitating fast outflows from […]

By Alan Baldwin LONDON (Reuters) – Organisers of the ‘F1 in Schools’ competition say the Netflix ‘Drive to Survive’ effect is reaching the classroom with a record number of teams entered in this year’s finals in Singapore in September. The global not-for-profit programme, which aims to encourage students into science, technology, engineering and maths (STEM) subjects, offers university scholarships and future work opportunities with F1 teams. “‘Drive to Survive’ has […]

By Alan Baldwin LONDON (Reuters) – Organisers of the ‘F1 in Schools’ competition say the Netflix ‘Drive to Survive’ effect is reaching the classroom with a record number of teams entered in this year’s finals in Singapore in September. The global not-for-profit programme, which aims to encourage students into science, technology, engineering and maths (STEM) subjects, offers university scholarships and future work opportunities with F1 teams. “‘Drive to Survive’ has […]

By Josh Smith, Kantaro Komiya and Hyonhee Shin SEOUL/TOKYO (Reuters) -North Korea fired an intercontinental ballistic missile (ICBM) off its east coast on Wednesday, prompting condemnation from the U.S. as well as the leaders of South Korea and Japan who met on the sidelines of a NATO summit. The missile flew for 74 minutes to an altitude of 6,000 km (3,728 miles) and a range of 1,000 km, Japan Chief […]

By Josh Smith, Kantaro Komiya and Hyonhee Shin SEOUL/TOKYO (Reuters) -North Korea fired an intercontinental ballistic missile (ICBM) off its east coast on Wednesday, prompting condemnation from the U.S. as well as the leaders of South Korea and Japan who met on the sidelines of a NATO summit. The missile flew for 74 minutes to an altitude of 6,000 km (3,728 miles) and a range of 1,000 km, Japan Chief […]