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The United States plans to reinstate a blockade over the Strait of Hormuz today. And, several states are suing to stop the massive Paramount-Warner Bros. merger.
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Kevin M. Warsh, in his first testimony to Congress as chairman of the Federal Reserve, did not shed light on whether he supported higher interest rates to tame price pressures.
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Counter terror police say they have obtained a warrant to hold a 28-year-old suspect for up to seven days.
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;Resize=(620)) The cost of a barrel of Brent crude, the international standard, was up around $86 US on Tuesday morning. That's higher than oil has been in recent weeks after the U.S. and Iran signed a memorandum of understanding to end the war, but below the $100 mark that oil has reached earlier in the war.
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Aston Villa are warned their new £20m-a-year sponsorship deal with Visit Rwanda will be used by the nation to sportswash its human rights record.
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The news of an improvement in consumer prices in June came as the U.S. and Iran escalated attacks, risking a return to high energy prices.
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Paramount is still planning for its acquisition of Warner Bros. Discovery to close by late September despite lawsuit challenge from state attorneys general.
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The Consumer Price Index fell to a 3.5 percent annual increase in June, and prices marked their biggest drop from a month earlier since 2020.
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;Resize=(620)) Twelve states, including California and New York, sued to block Paramount's takeover of Warner Bros. Discovery on Monday, arguing that the $81-billion US merger would "extinguish competition" in Hollywood and lead to fewer choices for consumers across the U.S.
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