Pound bobs around May resignation, stocks mostly gain

The British pound bounced around Friday after Prime Minister Theresa May announced her resignation, while global stocks mostly recovered following a rout in the prior session on US-China trade tensions. Sterling sank below $1.27 after May said she would step down as prime minister on June 7, paving the way for a contest to replace […]

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Modi plots course after landslide Indian election win

Indian Prime Minister Narendra Modi met allies and former mentors on Friday to plot a course for his second term after a landslide victory left the once-mighty Gandhi dynasty reeling. A considerable to-do list includes addressing India’s lacklustre economic growth and reducing unemployment, as well as fixing a stricken agriculture sector on which 70 per cent of […]

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Novartis gets US approval for $2.1 million gene therapy

Swiss pharmaceutical company Novartis on Friday announced it had received US regulatory approval for a gene therapy that treats a rare childhood disorder and has a price tag of $2.1 million, making it the most expensive drug in history. The company said Zolgensma was a one-time treatment for spinal muscular atrophy, a disease that affects […]

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Trump, Abe to burnish ties over golf, sumo and steak

United States President Donald Trump arrives in Japan on Saturday for a four-day trip likely to be dominated by warm words and friendly images, but light on substantive progress over trade. Japanese and US officials hail as “unprecedented” the relationship between Trump and his “golf buddy”, Prime Minister Shinzo Abe, and the pair will again […]

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Groups sue over Alabama abortion law; judge blocks Mississippi ban

The American Civil Liberties Union (ACLU) and Planned Parenthood filed a lawsuit on Friday challenging a law enacted by Alabama last week that bans nearly all abortions and makes performing the procedure a felony punishable by up to 99 years in prison. The lawsuit is one of several the groups have filed or are preparing […]

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Trump defies Congress, clears arms sales to S. Arabia, UAE

WASHINGTON:US President Donald Trump, saying there is a national emergency because of tensions with Iran, swept aside objections from Congress and cleared the sale of $8 billion worth of weapons to Saudi Arabia, the United Arab Emirates and Jordan. The Trump administration informed congressional committees on Friday that it would go ahead with 22 military […]

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Trump, Pelosi trade insults as their feud heats up

WASHINGTON: She’s calling for an “intervention” to save the nation from him. He says she’s “crazy.” The enmity between President Donald Trump and House Speaker Nancy Pelosi deteriorated on Thursday into rude-and-then-some questioning of his fitness for office and her sanity, with personal attacks flowing from both the nation’s top elected officials after a dramatic […]

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Final Indian election results confirm return of Modi’s BJP

Prime Minister Narendra Modi’s Hindu nationalist Bharatiya Janata Party (BJP) increased its majority in India’s election with its best-ever tally of 303 seats, final results confirmed on Friday. The main opposition Congress party trailed the BJP with 52 out of the 543 elected seats in parliament, data from the Election Commission showed.

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US charges WikiLeaks founder with publishing classified info

In a case with significant First Amendment implications, the United States filed new charges on Thursday against WikiLeaks founder Julian Assange, accusing him of violating the Espionage Act by publishing secret documents containing the names of confidential military and diplomatic sources. The Justice Department’s 18-count superseding indictment alleges that Assange directed former Army intelligence analyst […]

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British PM May announces resignation in emotional speech

British Prime Minister Theresa May announced her resignation in an emotional address on Friday, ending a dramatic three-year tenure of near-constant crisis over Brexit. “It is and will always remain a matter of deep regret to me that I have not been able to deliver Brexit,” May, her voice breaking, said outside her Downing Street office. […]

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