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UN food agency halves Syria food aid, halts bread subsidy over funding shortages

UN food agency halves Syria food aid, halts bread subsidy over funding shortages

May 13 (Reuters) - The World Food Programme said on Wednesday it had halved emergency food assistance in Syria due to funding shortages, warning that millions remained vulnerable despite signs of stabilisation in parts of the country.
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Cuba has run out of diesel and fuel oil amid US oil blockade

Cuba has run out of diesel and fuel oil amid US oil blockade

HAVANA, May 13 (Reuters) - Cuba has completely run out of diesel and fuel oil, the country's energy and mines minister said on Wednesday, as the capital Havana faces its worst rolling blackouts in decades amid a U.S. blockade that has strangled the island of fuel.
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White House has few tools for gas-price relief as Iran war drags on

White House has few tools for gas-price relief as Iran war drags on

May 14 (Reuters) - Trump administration officials are scrambling to contain the economic and political fallout of the war with Iran, three people familiar with the White House's discussions told Reuters, as hopes for a quick resolution fade. U.S.
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NZ trims new spending, sticks to surplus path as global risks heighten

NZ trims new spending, sticks to surplus path as global risks heighten

By Lucy Craymer and Renju Jose WELLINGTON, May 13 (Reuters) - New Zealand will keep a tight rein on day-to-day spending in this year's budget while increasing capital investment to strengthen infrastructure, defence and energy resilience, Prime Minister Christopher Luxon said in a pre-Budget speech
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South Korea weighs phased role in Hormuz mission after US talks, defense minister says

South Korea weighs phased role in Hormuz mission after US talks, defense minister says

By Kyu-seok Shim SEOUL, May 13 (Reuters) - South Korea is reviewing a phased contribution to efforts to ensure safe navigation through the Strait of Hormuz, Defense Minister Ahn Gyu-back said on Wednesday, signaling support steps short of military participation, Yonhap News Agency reported.
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EU Prepares for Potential Fuel Supply Disruptions Amid Middle East Conflict

EU Prepares for Potential Fuel Supply Disruptions Amid Middle East Conflict

The European Commission, along with EU countries and the Energy Community secretariat, is addressing the oil security of supply situation in Europe due to ongoing conflicts in the Middle East. The EU is coordinating its approach to manage potential disruptions, with emergency stocks available if necessary. The Oil Coordination Group is meeting regularly to ensure a coordinated response to any developments. Although there are currently no fuel shortages, the blockage of oil supplies via the Straits of Hormuz could lead to regional supply constraints. The European Automobile Manufacturers’ Association (ACEA) notes that the oil crisis is affecting the vehicle market, with increased demand for electric vehicles.
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Florida plans to close 'Alligator Alcatraz' migrant detention center, New York Times reports

Florida plans to close 'Alligator Alcatraz' migrant detention center, New York Times reports

By Daphne Psaledakis and Ted Hesson WASHINGTON, May 12 (Reuters) - Florida intends to shut down the controversial federal migrant detention center known as "Alligator Alcatraz", the New York Times reported on Tuesday, citing a federal official and three people familiar with the facility's operations
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Brazil's Lula scraps tax on imports under $50 before election

Brazil's Lula scraps tax on imports under $50 before election

BRASILIA, May 12 (Reuters) - Brazil's President Luiz Inacio Lula da Silva on Tuesday signed an executive order to eliminate federal taxes on foreign purchases worth up to $50, reversing course on a highly unpopular levy as he gears up to seek re-election in October.
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Trump says he doesn't need Xi's help on Iran

Trump says he doesn't need Xi's help on Iran

WASHINGTON, May 12 (Reuters) - U.S. President Donald Trump said on Tuesday he will have a long talk with Chinese President Xi Jinping about the war in Iran during his upcoming trip to China, but added that he does not think he needs Xi's help. "I don't think we need any help with Iran.
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Under Armour sees another weak year as North America struggles, shares slump

Under Armour sees another weak year as North America struggles, shares slump

May 12 (Reuters) - Under Armour forecast another annual revenue decline and expects profit well below estimates on Tuesday, as weakness in its key North American market weighs on CEO Kevin Plank's turnaround efforts.
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FDA commissioner Makary is resigning, sources say

FDA commissioner Makary is resigning, sources say

By Yasmeen Abutaleb WASHINGTON, May 12 (Reuters) - U.S.
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US budget watchdog estimates Golden Dome will cost $1.2 trillion, dwarfing Pentagon's $185 billion estimate

US budget watchdog estimates Golden Dome will cost $1.2 trillion, dwarfing Pentagon's $185 billion estimate

By Mike Stone WASHINGTON, May 12 (Reuters) - The nonpartisan Congressional Budget Office estimated on Tuesday that U.S.