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Month: June 2024

Thailand is now the Myanmar junta’s favored banking destination as military attacks ramp up, UN expert says

By Helen Regan, Kocha Olarn and Michael Mitsanas, CNN Hong Kong/Bangkok (CNN) — International banks are playing a significant role in the Myanmar military junta’s ability to carry out its systematic and deadly assault on its people, a new United Nations-backed report has found. Thai banks have now become the main source through which the Myanmar

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San Francisco-Los Angeles high-speed rail project reaches major milestone

The long-planned but oft-delayed effort to build a high-speed rail system between San Francisco and Los Angeles reached a major milestone today with approval of the final environmental impact report on the line’s stretch between Palmdale and Burbank.    The 38-mile segment was the final one between the two major cities awaiting final environmental approval.

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US Air Force veteran charged with disclosing classified information on US military aircraft and weapons

By Zachary Cohen and Holmes Lybrand, CNN (CNN) — A US Air Force veteran has been arrested and charged for allegedly disclosing classified information related to American military aircraft and weapons to unauthorized individuals, the Justice Department announced Thursday. Paul J. Freeman was charged with unauthorized possession and transmission of classified national defense information by

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Walgreens will close a significant number of US stores, shutting down many unprofitable locations

By Jordan Valinsky, CNN New York (CNN) — Walgreens is set to close a substantial number of its roughly 8,600 locations across the United States as the company looks to reset the struggling pharmaceutical chain’s business. The company didn’t announce a specific number of store closures, but it said Thursday that it is planning “significant”

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The Federal Reserve's annual bank stress test revealed banks are still on good footing

The biggest US banks are more vulnerable than they were last year, Fed’s stress test shows

By Elisabeth Buchwald, CNN New York (CNN) — America’s biggest banks are well positioned to survive a severe recession while continuing to lend to households and businesses, the Federal Reserve said Wednesday in its annual bank resilience test, commonly referred to as a stress test. However, banks could suffer higher losses, if a significant economic

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Estados Unidos considera la posibilidad de transferir los sistemas antimisiles Patriot de Israel a Ucrania

Valeria Ordóñez Ghio (CNN) — El Gobierno de Biden entabla conversaciones con Israel y Ucrania sobre la posibilidad de transferir los viejos sistemas de defensa aérea Patriot —actualmente en Israel— a Ucrania, que continúa defendiéndose de la guerra con Rusia, según un alto funcionario del Gobierno y una fuente familiarizada con las discusiones. No se

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Nike is in a slump

By Nathaniel Meyersohn, CNN New York (CNN) — Nike posted sluggish growth as the largest sportswear brand in the world faced rising competition, a consumer pullback in its key markets and strategy missteps. Nike’s sales grew 1% last year and were flat last quarter, the company reported Thursday. The company projects sales to drop 10%

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