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NEW DELHI (AP) — Indian Prime Minister Narendra Modi held talks with Venezuela’s acting President Delcy Rodriguez on Thursday as New Delhi seeks to deepen ties with the oil-rich South American nation following disruptions in global energy supplies. Rudrendra Tandon, a senior official in India’s foreign ministry, said the talks held in New Delhi focused on strengthening energy cooperation. He said Venezuela had become India’s third-largest crude oil supplier in […]

COLOMBO, Sri Lanka (AP) — A fire at a nursing home in western Sri Lanka killed 12 residents and injured eight others, police said Thursday. The fire started late Wednesday at the home in Anguruwatota town. Fifty-one residents were rescued, police spokesman Fredrick Wootler said. He said people with mental illnesses were also housed there. The director of the home was arrested on suspicion of causing deaths through negligence. An […]

PARIS/HONG KONG, June 4 (Reuters) – Singapore Airlines is in discussions with Airbus and Boeing for the purchase of at least 50 of the industry’s biggest jets as it plans the next phase of its growth from next decade, industry sources said. The Southeastern Asian giant is seeking offers for more 400-seat Boeing 777X, the industry’s largest current model, or for the slightly smaller Airbus A350-1000, they said. Talks are […]

By Prakhar Srivastava and Pritam Biswas June 4 (Reuters) – Honeywell’s Quantinuum is set to make its U.S. market debut later on Thursday, after strong investor interest helped the quantum computing company raise $1.68 billion in an upsized initial public offering. Breakthroughs in the fast-growing technology have spurred bets that quantum machines could eventually outperform conventional computers on certain complex tasks. Sentiment was also buoyed after the U.S. government last […]

June 4 (Reuters) – Biopharmaceutical company Parabilis Medicines said on Thursday it is aiming to raise as much as $475 million in its U.S. initial public offering. The summer IPO market has gathered momentum after a choppy start to the year, with a string of well-received listings encouraging more companies to test investor appetite. Parabilis is a clinical-stage biopharmaceutical company that is developing Helicons, a novel class of stabilized helical […]

BRUSSELS, June 4 (Reuters) – The European Commission will delay the introduction of a new market risk capital framework for banks for three years to see how the U.S. and Britain implement the same international standards, it said on Thursday. The framework is part of the Fundamental Review of the Trading Book (FRTB) and the global Basel III banking standards that are to strengthen risk measurement in banks’ trading and […]

By Mike Dolan June 4 (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets The S&P 500 failed to clock its 10th straight daily gain on Wednesday and there are some clouds gathering in markets. Despite the frenzy in the red-hot chip sector, Broadcom, now the world’s sixth-biggest company by market cap, stumbled after its latest earnings release. The chipmaker’s stock dropped […]

DEIR AL-BALAH, Gaza Strip (AP) — At least nine Palestinians were killed overnight in strikes in Gaza, according to local hospitals, even as much of the world’s attention was focused on the fighting between Israel and Hezbollah in Lebanon. The nine people were killed in at least four separate strikes in Gaza City, according to Shifa Hospital, which received the bodies. The Israeli military did not immediately comment on the […]

CANTON, Mich. (AP) — Every week, Mirvet Makki sets aside earnings from her catering business to help people in Lebanon displaced by the war between Israel and Hezbollah militants. Makki, 47, who cooks Lebanese dishes like couscous stews and traditional kibbeh balls in the Detroit suburb of Dearborn Heights, immigrated to Michigan in 1990. But her heart never left her childhood village of Bint Jbeil, now one of the hardest-hit […]