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Euro zone economy grows faster than expected on AI spending, confident consumers

Euro zone economy grows faster than expected on AI spending, confident consumers

By Balazs Koranyi FRANKFURT, July 30 (Reuters) - The euro zone economy grew faster than expected last quarter as surging investment in AI, ample government spending and several one-off factors more than offset a drag from high energy costs and the war in Iran.
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Oil rises as traders assess shipping flows; big monthly gain in sight

Oil rises as traders assess shipping flows; big monthly gain in sight

By Siddharth Cavale and Anushree Mukherjee NEW YORK, July 31 (Reuters) - Oil prices rose more than $1 on Friday and were on track for a big monthly gain as reports that some tankers were forced to turn around in the Strait of Hormuz prompted traders to reassess shipping flows through the key
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JPMorgan CEO Jamie Dimon Warns Investors of Underestimated Market Risks

JPMorgan CEO Jamie Dimon Warns Investors of Underestimated Market Risks

JPMorgan CEO Jamie Dimon Warns Investors of Underestimated Market Risks
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Euro zone inflation ticks up in July, bolstering rate hike case

Euro zone inflation ticks up in July, bolstering rate hike case

By Balazs Koranyi FRANKFURT, July 31 (Reuters) - Euro zone inflation ticked up in July, adding to an already strong case for another European Central Bank interest rate hike, especially as high oil prices foreshadow a further broadening of price pressures.
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PLA Advances Military Modernization with New Equipment and Strategic Goals

PLA Advances Military Modernization with New Equipment and Strategic Goals

The Chinese People's Liberation Army (PLA) is marking its 99th anniversary with significant advancements in military equipment and strategic readiness. The PLA has introduced new weaponry, including supersonic and hypersonic anti-ship missiles, high-energy laser weapons, and the debut of its nuclear triad capability. These developments are part of China's broader strategy to modernize its national defense and military forces by 2027, with further goals set for 2035 and mid-century. The PLA's focus remains on combat readiness amid a complex global security environment, including tensions in the Middle East and the Ukraine crisis. The PLA's modernization efforts are seen as a move towards achieving world-class armed forces, with a shift from following to leading in certain areas of military technology.
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Tariff provisions could doom long-awaited Russia sanctions bill

Tariff provisions could doom long-awaited Russia sanctions bill

(Refiles to correct spelling to Mayur Patel not Mahur Patel, paragraph 17) By Andrea Shalal and Patricia Zengerle WASHINGTON, July 31 (Reuters) - A Russia sanctions bill championed by the late Senator Lindsey Graham faces a tough road in Congress as Democrats and some Republicans raise concerns
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U.S. Senate Advances Sanctions Bill Targeting Russian Oil Buyers

U.S. Senate Advances Sanctions Bill Targeting Russian Oil Buyers

The U.S. Senate has fast-tracked the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, which could impose 100% tariffs on countries importing Russian oil, including India and China. The bipartisan bill aims to deprive Russia of revenue used to finance its war in Ukraine by targeting major purchasers of Russian energy. The Senate's decision reflects a strategic move to pressure countries to reduce their dependence on Russian oil. The bill also includes provisions to impose sanctions on Russia's political leadership and financial institutions.
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Ukraine hit an Iranian ship. Will it lead to wider US-Middle East war?

Ukraine hit an Iranian ship. Will it lead to wider US-Middle East war?

Ukraine’s ambassador to the United States says Kyiv has no interest in merging its war against Russia with the U.S. conflict in Iran after drone hit.
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Shell profit more than doubles to $9.8 billion, second-highest on record, as Iran war lifts prices

Shell profit more than doubles to $9.8 billion, second-highest on record, as Iran war lifts prices

By Stephanie Kelly and Shadia Nasralla LONDON, July 30 (Reuters) - Shell's net profit more than doubled from last year to $9.84 billion in the second quarter, beating expectations, helped by higher energy prices and increased market volatility during the Middle East conflict.
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Euro zone grows a touch above forecasts on AI spending, confident consumers

Euro zone grows a touch above forecasts on AI spending, confident consumers

By Balazs Koranyi FRANKFURT, July 30 (Reuters) - The euro zone economy grew a touch faster than modest expectations last quarter as surging investment in AI, ample government spending and several one-off factors helped offset a drag from the war in Iran and soaring energy costs.
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Shell's profit more than doubles to $9.8 billion as Iran war boosts oil, gas prices

Shell's profit more than doubles to $9.8 billion as Iran war boosts oil, gas prices

By Stephanie Kelly and Shadia Nasralla LONDON, July 30 (Reuters) - Shell's adjusted earnings, its measure of net profit, more than doubled from last year to $9.84 billion in the second quarter, beating expectations, helped by higher energy prices and increased market volatility during the Middle
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Analysis-Tariff provisions could doom long-awaited Russia sanctions bill

Analysis-Tariff provisions could doom long-awaited Russia sanctions bill

By Andrea Shalal and Patricia Zengerle WASHINGTON, July 31 (Reuters) - A Russia sanctions bill championed by the late Senator Lindsey Graham faces a tough road in Congress as Democrats and some Republicans raise concerns about new trade powers the legislation would grant President Donald Trump.