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Boycotts up to athletes not politicians, say Vonn

June 24 (Reuters) - Boycotting an Olympics should be up to individual athletes not politicians, says U.S. Alpine skiing great Lindsey Vonn, as calls mount to move or reject the 2022 Beijing Winter Games over China's human rights record. A four-times Olympian, Vonn's opinion on boycotts has not altered in...
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Factbox: Biden's bipartisan infrastructure deal came with sacrifices

WASHINGTON, June 24 (Reuters) - President Joe Biden and top White House officials hailed a bipartisan, preliminary infrastructure agreement as proof that Washington - and even American democracy itself - could deliver tangible results despite huge partisan divides. But securing the deal - which delivers a fraction of the investment...
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UPDATE 1-Brazil's National Monetary Council sets 2024 inflation target at 3.00%

BRASILIA, June 24 (Reuters) - Brazil’s National Monetary Council (CMN) on Thursday set the central bank’s 2024 inflation target at 3.00%, another decline from preceding years’ goals, highlighting policymakers’ determination to keep inflation under control. The CMN is Brazil’s highest economic policy body, comprised of Economy Minister Paulo Guedes, central...
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Brazil reports 73,602 new coronavirus cases, 2,032 deaths

BRASILIA (Reuters) - Brazil recorded 73,602 new confirmed cases of the coronavirus in the past 24 hours, along with 2,032 deaths from COVID-19, the Health Ministry said on Thursday. Brazil has registered more than 18.2 million cases since the pandemic began, while the official death toll has risen to 509,141,...
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Brazil reports 73,602 new coronavirus cases, 2,032 deaths

BRASILIA, June 24 (Reuters) - Brazil recorded 73,602 new confirmed cases of the coronavirus in the past 24 hours, along with 2,032 deaths from COVID-19, the Health Ministry said on Thursday. Brazil has registered more than 18.2 million cases since the pandemic began, while the official death toll has risen...
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Job hole or inflation? Fed policymakers split over risk view

June 24 (Reuters) - As Federal Reserve policymakers begin an intense debate over when they should begin to pull back some of the massive support they are delivering to the economy, they are split over what poses the bigger risk: a still-large jobs deficit or a potential inflation shock. On...
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U.S. House committee due to consider sweeping China bill next week

WASHINGTON (Reuters) - The U.S. House of Representatives Foreign Affairs Committee has scheduled a meeting on Wednesday to consider sweeping legislation to boost economic competitiveness and push Beijing on human rights, part of an ongoing effort in Congress to address competition with China. Committee aides said on Thursday the panel...
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Carrefour Brasil conversion of Makro stores to add $71 mln of EBITDA

BRASILIA, June 24 (Reuters) - Carrefour Brasil said on Thursday it had finished converting all acquired Makro stores to its Atacadao brand, forecasting the locations would add 350 million reais ($71 million) to annual earnings before interest, taxes, depreciation and amortization (EBITDA) after four years. The Brazilian unit of Carrefour...
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Royal Caribbean says two guests onboard ship test COVID-19 positive

June 24 (Reuters) - Royal Caribbean Group said on Thursday two guests on its cruise liner, Adventure of the Seas, had tested positive for COVID-19. Both guests were not vaccinated and had been quarantined before they disembarked on Thursday in Freeport, The Bahamas, Royal Caribbean International, a unit of the company clarified in a statement.
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Banks clear Fed stress test; paving way to boost buybacks, dividends

WASHINGTON, June 24 (Reuters) - Large banks will no longer face pandemic-era restrictions on how much they can spend buying back stock and paying dividends, the Federal Reserve announced Thursday after finding the firms would remain well capitalized in its latest stress test. The central bank said the test found...
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FedEx shares fall as labor woes weigh on 2022 outlook

LOS ANGELES, June 24 (Reuters) - Shares in U.S. delivery firm FedEx Corp (FDX.N) shed 4.2% on Thursday after labor woes tempered its 2022 earnings forecast that missed Wall Street expectations. The Memphis-based company's shares fell $12.79 to $290.90 in extended trading, after it forecast fiscal 2022 earnings, excluding some...