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Treasury says US firms must tighten compliance with Russia sanctions Jun 4, 2024 10:11AM

By Susan Heavey

WASHINGTON (Reuters) - Manufacturers and distributors need to step up compliance with Russia-related sanctions amid the war in Ukraine, U.S. Deputy Treasury Secretary Wally Adeyemo told CNBC on Tuesday.

U.S. companies in particular need to pay more attention to their supply chains to ensure they are not complicit with Russia's evasion of sanctions over Ukraine, Adeyemo said in an interview.

Adeyemo said... (continue reading...)


Season's first heat wave to scorch parts of Western, Southern US Jun 4, 2024 09:57AM

(Reuters) - Millions of people in the Western and Southern United States will bear the brunt of the summer's first heat wave starting on Tuesday as temperatures are expected to soar above 100 degrees Fahrenheit (37.8 degrees Celsius) across the region.

From northern California down through southern Arizona and into South Texas, some 19 million Americans will spend the rest of the work week under excessive heat warnings and advisories issued by the... (continue reading...)


Gaza war impact ripples through neighbours' health systems, says WHO Jun 4, 2024 09:56AM

GENEVA (Reuters) - Healthcare systems of neighbouring countries are feeling the strain as thousands of critical patients from the Gaza Strip are evacuated for treatment of complex injuries and ailments, a top WHO official said on Tuesday.

"The ripple effect on Egypt, Lebanon, Syria as the immediate neighbours of the OPT (occupied Palestinian territories) is significant," said Hanan Balkhy, the World Health Organization's regional director for the... (continue reading...)


Albania makes progress on Italy's migrant centres ahead of Meloni visit Jun 4, 2024 09:51AM

By Fatos Bytyci and Florion Goga

GJADER, Albania (Reuters) - Construction workers in Albania are working hard to transform a former military air base into an Italian-run migrant centre ahead of a progress-check by Italian Prime Minister Giorgia Meloni this week.

Meloni is expected to visit the former air field in Gjader on Wednesday - days before elections to the European Parliament - as bulldozers are levelling the soil to accommodate... (continue reading...)


Expanded US Treasuries clearing could boost daily cleared volumes by more than $4 trillion Jun 4, 2024 09:43AM

NEW YORK (Reuters) - Recently adopted U.S. Treasuries clearing rules could increase clearing activity by the Fixed Income Clearing Corporation (FICC), a subsidiary of trade processor DTCC, by more than $4 trillion per day, DTCC said on Tuesday.

The rules, which will become effective in phases by June 2026, were adopted by the U.S. Securities and Exchange Commission in December and are aimed at reducing systemic risk in the $27 trillion U.S. Treasury... (continue reading...)


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