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U.S. trial of Mexico’s ‘El Chapo’ begins amid heavy security

NEW YORK (Reuters) - The trial of accused Mexican drug lord Joaquin “El Chapo” Guzman will begin with lawyers’ opening statements in a federal court in Brooklyn on Tuesday, amid intense public attention and extraordinary security measures. A motorcade believed to be transporting Joaquin Guzman the Mexican drug lord known as "El Chapo," crosses the Brooklyn Bridge before arriving at the Brooklyn Federal Courthouse, in New York, U.S., November 13, 2018. REUTERS/Mike SegarFederal prosecutors say that as leader of Mexico’s Sinaloa Cartel, Guzman, 61, directed massive shipments of heroin, cocaine, marijuana and methamphetamine bound for the United States. He faces 17 criminal counts and a potential life…

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European shares recover after U.S. tech rout; dollar falls

LONDON (Reuters) - European shares recovered on Tuesday after feeling the strain of a tech rout on Wall Street, while the dollar lost momentum as hopes mounted for a de-escalation in the Sino-U.S. tariff war. The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 21, 2018. REUTERS/Tilman BlasshoferFears of a peak in corporate earnings growth, softening global demand and rising interest rates in the United States have put investors on edge in the past month. The trade war between Washington and Beijing plus risks from Brexit and Italy’s budget row with the European Union have helped the dollar as…

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Trump seeks end of Florida recount; Democrats win Arizona Senate seat

TAMPA, Fla./WASHINGTON (Reuters) - U.S. President Donald Trump on Monday urged Florida election officials to end a recount and declare his fellow Republicans the winners of disputed races in last week’s elections, while Democrats picked up a U.S. Senate seat in Arizona. U.S. Representative Kyrsten Sinema declared victory and Republican opponent Martha McSally conceded after multiple media outlets called the closely contested Arizona race for the Democrat. Sinema will succeed Republican Senator Jeff Flake, a frequent Trump critic, who did not seek-election. The results will not affect Republican control of the 100-member Senate. Republicans have won at least 51 seats and Democrats 47 in the elections, with…

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Stung by trade wars, U.S. farmers hope for quick progress on Farm Bill

WASHINGTON (Reuters) - Iowa soybean farmer Mike Schlosser does not expect President Donald Trump’s trade war with China, the single biggest headwind to his business, to end any time soon. But he is among many in farm country who expect at least some good news this year - in the form of a new Farm Bill. FILE PHOTO: Soybean plants around 45-days before harvest are seen on a farm near Norborne, Missouri, U.S., August 28, 2018. REUTERS/Dave Kaup/File PhotoCongress comes back on Tuesday for the lame-duck session after Democrats in last week’s mid-term elections gained control of the U.S. House of Representatives. Lawmakers have said passing the…

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Brexit deal possible in 24-48 hours, May’s deputy says

LONDON (Reuters) - Britain and the European Union are on the cusp of a Brexit deal which could be clinched in the next 24 to 48 hours, Prime Minister Theresa May’s de facto deputy said on Tuesday. Britain's Minister for the Cabinet Office David Lidington arrives in Downing Street, London, Britain, November 13, 2018. REUTERS/Peter NichollsWhile officials choreograph the biggest divorce deal in EU history, it remains unclear whether May can get a deal through parliament, where opponents have said she is betraying Brexit by signing up the United Kingdom to EU subjugation. “We’re not quite there yet,” Cabinet Office Minister David Lidington told BBC radio. “We…

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EU executive to recommend exempting Britons from visas after Brexit: sources

BRUSSELS (Reuters) - The European Union’s executive is due to propose on Tuesday that Britons be allowed to visit the bloc without visas after Brexit, diplomatic sources and officials in Brussels said. EU Brexit negotiator Michel Barnier will update the European Commission on divorce negotiations with Britain, which British Prime Minister Theresa May said were “in the endgame” but remain stuck over the Irish border. EU diplomats were not holding their hopes high for a breakthrough this week that would allow for a summit of national leaders to rubber-stamp a Brexit deal this month. While a deal is possible in December, delays raise the risk of the…

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Turkey’s Erdogan says Khashoggi recordings ‘appalling’, shocked Saudi intelligence

ISTANBUL (Reuters) - President Tayyip Erdogan said recordings related to the killing of Jamal Khashoggi, which Turkey has shared with Western allies, are “appalling” and shocked a Saudi intelligence officer who listened to them, Turkish media reported on Tuesday. FILE PHOTO: Turkish President Tayyip Erdogan addresses members of parliament from his AK Party (AKP) in Ankara, Turkey, October 23, 2018. REUTERS/Tumay Berkin/File PhotoKhashoggi, a critic of de facto Saudi ruler Crown Prince Mohammed bin Salman, was killed in Saudi Arabia’s Istanbul consulate on Oct. 2 in a hit which Erdogan says was ordered at the “highest levels” of the Saudi government. Erdogan told reporters on his plane…

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In Iraq’s parliament, Shi’ite militia leaders plan to call the shots

BAGHDAD (Reuters) - In May, Hassan Fada’am traded his military fatigues for a suit when he became one of 45 Shi’ite militiamen elected to Iraq’s 329-seat parliament. Members of Shi'ite group Asaib ahl al-Haq walk outside their premises in Basra, Iraq November 8, 2018. The text on the flag reads: 'Asaib ahl al-Haq Movement'. Picture taken November 8, 2018. REUTERS/Essam al-SudaniFada’am trained as a soldier in Iran and fought against Islamic State in Iraq. Now he’s a politician as paramilitary groups backed by Iran have doubled their number of seats in Iraq’s parliament. The Fatih Alliance bloc that represents them has become the second largest political bloc.…

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Goldman Sachs bankers ‘cheated’ Malaysia over 1MDB: PM Mahathir

KUALA LUMPUR/SINGAPORE (Reuters) - Malaysian Prime Minister Mahathir Mohamad said bankers at Goldman Sachs Group Inc (GS.N) “cheated” the country in dealings with state fund 1MDB and that U.S. authorities have promised to help return the fees the Wall Street bank earned from the fund. FILE PHOTO: Malaysian Prime Minister Mahathir Mohamad gives a speech at Chulalongkorn University, in Bangkok, Thailand October 25, 2018. REUTERS/Soe Zeya TunThe U.S. investment bank has been under scrutiny for its role in helping raise funds through bond offerings for 1Malaysia Development Bhd (1MDB), which is the subject of corruption and money-laundering investigations in at least six countries. Goldman’s stock fell to…

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Warnings of a ‘domino effect’ of protectionism as Asian leaders meet

SINGAPORE (Reuters) - Asian leaders gathered for a summit on Tuesday amid warnings that the post-World War Two international order is in jeopardy and trade tensions between Washington and Beijing could trigger a “domino effect” of protectionist measures by other countries. ASEAN leaders gather for a group photo during the opening ceremony of the 33rd ASEAN Summit in Singapore November 13, 2018. REUTERS/Edgar SuMalaysian Prime Mahathir Mohamad told a business forum ahead of the summit in Singapore that other developed countries would take a cue from the United States and China if their tit-for-tat tariff war is allowed to spiral. “The trade tension between the two world…

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