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U.S. to encourage investment in Palestinian areas as first part of peace plan

WASHINGTON (Reuters) - The White House will unveil the first part of President Donald Trump’s long-awaited Israeli-Palestinian peace plan when it holds an international conference in Bahrain in late June to encourage investment in the West Bank and Gaza Strip, senior U.S. officials said on Sunday. FILE PHOTO: U.S. President Donald Trump boards Air Force One for travel back to Washington, DC at John F. Kennedy International Airport in New York, New York, U.S., May 17, 2019. REUTERS/Leah MillisThe “economic workshop” will bring together government officials and business leaders in an effort to jump-start the economic portion of the peace initiative, which is also expected to include…

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Palestinians to shun U.S.-led economic conference, prelude to Trump peace plan

RAMALLAH, West Bank (Reuters) - Palestinians will stay away from a U.S.-led conference in Bahrain next month that the Trump administration has cast as an overture to its own plan for peace between them and Israel, a Palestinian cabinet minister said on Monday. Washington announced the conference on Sunday, describing it as an opportunity to drum up international investment for the Israeli-occupied West Bank and the Gaza Strip. The Palestinians, who have boycotted the Trump administration since it recognized Jerusalem as Israel’s capital in December 2017, have shown little interest in discussing a plan on which they had no input and that they anticipate will fall far…

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Alabama police arrest suspect in shooting death of officer

(Reuters) - A man sought for the shooting death of an Auburn, Alabama, police officer and the wounding of two others was arrested without incident early on Monday after a brief manhunt that had the community on edge, authorities said. Grady Wayne Wilkes, 29, was taken into custody about nine hours after the shooting, which happened on Sunday night when police responded to a report of a domestic disturbance and were met with gunfire, Auburn Police Chief Paul Register said. “It was relatively uneventful,” Register said, describing the arrest at a news briefing. “No one was injured during the arrest of the suspect.” Wilkes was charged with…

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Wall St. pressured as Huawei fallout worries spark tech sell-off

(Reuters) - U.S. stocks dropped on Monday, as Washington’s restrictions on China’s Huawei Technologies stoked fears about a hit to the broader technology sector and ratcheted up trade tensions between the world’s two largest economies. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 20, 2019. REUTERS/Brendan McDermidApple Inc slumped 3.4%, weighing the most on the three main indexes and driving down the S&P 500 technology sector 1.51%, the biggest decliner among the six S&P sectors trading lower. The iPhone maker was also pressured by a warning from HSBC that higher prices for the company’s products following the latest…

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India’s BJP prepares return to power as exit polls predict clear win: sources

NEW DELHI (Reuters) - India’s ruling Bharatiya Janata Party (BJP) is to meet coalition partners to discuss a new government, two BJP sources said on Monday, after exit polls predicted a clear general election victory for the party led by Prime Minister Narendra Modi, to the delight of Hindu groups. The talks will be on Tuesday at the BJP’s headquarters in New Delhi and will be led by the party president, Amit Shah, one of the party sources said. The sources declined to be identified as they are not authorized to speak about the meeting. Nalin Kohli, a spokesman for the BJP, declined to comment. India’s seven-phase…

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U.S. unlikely to suffer big damages from China trade dispute: Fed

FILE PHOTO: St. Louis Federal Reserve Bank President James Bullard speaks at a public lecture in Singapore October 8, 2018. REUTERS/Edgar Su/File PhotoFRANKFURT (Reuters) - Trade tensions with China need to linger for an extended period to cause real damage to the United States economy, St. Louis Fed President James Bullard said in remarks published on Monday. Engaged in a lengthy trade standoff, the United States and China have raised tariffs on a range of goods, raising fears that their conflict would develop into a trade war, damaging the global economy and worsening its recent growth wobble. “I think the U.S. is such a big and diversified…

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Coordinated anti-Trump campaign emerges on Instagram: study

ROME (Reuters) - Accounts tagged ‘hatetrump’ and ‘ihatetrump’ are part of a coordinated campaign to undermine U.S. President Donald Trump that has emerged on social media site Instagram, an independent study has revealed. FILE PHOTO: U.S. President Donald Trump speaks at the National Association of Realtors' Legislative Meetings & Trade Expo in Washington, U.S., May 17, 2019. REUTERS/Carlos Barria/File PhotoThe photo-sharing app Instagram, which is owned by Facebook, said it was investigating the report and had already removed some of the profiles it highlighted. Malign online attacks against Trump’s opponents have been well documented, most notably in the 2016 presidential election campaign, when Russian trolls allegedly flooded…

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T-Mobile’s $26 billion deal for Sprint gets big boost after FCC chief gets behind it

WASHINGTON (Reuters) - T-Mobile’s US Inc’s $26 billion acquisition of rival Sprint Corp won the support of the head of the Federal Communications Commission (FCC) on Monday, in a big step toward the deal’s approval. A sign for a T-Mobile store is seen in Manhattan, New York, U.S., April 30, 2018. REUTERS/Shannon StapletonFCC Chairman Ajit Pai, a Republican, came out in favor of the combination after the companies offered several concessions, including selling Sprint’s Boost Mobile prepaid cell service. Sprint stock jumped 23.5% to $7.64 and T-Mobile was up 5.3% to $79.33. If the purchase is completed, the number of U.S. wireless carriers would drop to three…

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Missouri governor expected to sign eight-week abortion ban into law

(Reuters) - Missouri’s Republican governor could sign a law as early as this week banning most abortions in the Midwestern state after the eighth week of pregnancy, part of a wave of restrictions aimed at driving a challenge of abortion to the U.S. Supreme Court. U.S. President Donald Trump speaks with the Governor of Missouri Mike Parson as he arrives in St. Louis, Missouri, U.S., July 26, 2018. REUTERS/Joshua RobertsRepublican Governor Mike Parson told reporters on Friday he planned to sign the bill, which was approved by the Republican-controlled state legislature last week and would enact one of the United States’ most restrictive bans. He has not…

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Face ID firm Lumentum follows Google with Huawei ban

LONDON (Reuters) - Apple Face ID parts supplier Lumentum Holdings Inc followed Google on Monday in clamping down on the business it does with Huawei Technologies, after U.S. President Donald Trump imposed a ban on the Chinese firm on national security grounds. A 3-D printed Android logo is seen in front of a displayed Huawei logo in this illustration picture May 20, 2019. REUTERS/Dado Ruvic/IllustrationA source told Reuters on Sunday that Google had suspended business with Huawei that requires the transfer of hardware, software and technical services, except those publicly available via open source licensing. That was the first major outcome following Trump’s decision late last week…

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