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Stock markets drop as key Treasury yield hits 16-year peak

Stock markets drop as key Treasury yield hits 16-year peak

Global stocks tumbled Tuesday after a closely watched US bond benchmark hit a 16-year high, exacerbating worries about elevated interest rates as the dollar briefly topped 150 yen.

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Biden reassures shaken allies on Ukraine aid

Biden reassures shaken allies on Ukraine aid

President Joe Biden called key allies Tuesday to reassure them of continued US military aid for Ukraine -- even as the White House warned the flow would dry up in months if Republicans in Congress block new funds.

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Divided US Republicans boot out their own House speaker

Divided US Republicans boot out their own House speaker

Kevin McCarthy was axed Tuesday as speaker of the US House of Representatives in a brutal rebellion by the far-right of the Republican party furious at his cooperation with Democrats.

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France to hold crisis meetings on bedbug 'scourge'

France to hold crisis meetings on bedbug 'scourge'

The French government said Tuesday it would host emergency meetings this week to examine surging numbers of reported bedbug cases, which are being increasingly seen as a major potential public health problem.

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Howe knows Newcastle must be 'perfect' against PSG

Howe knows Newcastle must be 'perfect' against PSG

Eddie Howe challenged Newcastle to produce a "perfect" performance when they host Paris Saint-Germain in their first Champions League home game for 20 years on Wednesday.

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Southee 'chucks in some screws' to cure World Cup injury

Southee 'chucks in some screws' to cure World Cup injury

New Zealand fast bowler Tim Southee admitted Tuesday that doctors had to "chuck some screws and a plate" into his injured thumb to boost his hopes of making his country's World Cup squad.

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Top US court weighs major curbs to power of federal regulators

Top US court weighs major curbs to power of federal regulators

The US Supreme Court on Tuesday began hearing a series of cases that could result in a generational contraction in the power of federal agencies to regulate businesses and corporate fraud.

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US sanctions China-based drug network over fentanyl

US sanctions China-based drug network over fentanyl

The United States announced sanctions Tuesday on a China-based network for producing and distributing chemicals used to make drugs including those fueling a deadly national fentanyl crisis.

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Meta plans to charge Europeans for ad free Facebook and Instagram: source

Meta plans to charge Europeans for ad free Facebook and Instagram: source

Meta is proposing to offer European users a subscription-based version of Instagram and Facebook if they would rather not be tracked for ads, a source said on Tuesday.

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San Francisco self-driving car involved in serious accident

San Francisco self-driving car involved in serious accident

A self-driving car operated by US company Cruise ran over a woman after she was first knocked in front of it by a hit-and-run driver in San Francisco late Monday, video showed.

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