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UK to introduce law unilaterally changing post-Brexit rules

Britain's government is expected to introduce legislation Monday that would unilaterally change post-Brexit trade rules for Northern Ireland amid opposition from lawmakers who believe the move violates international law.

The proposed bill aims to scrap parts of a trade treaty that Prime Minister Boris Johnson signed with the European Union by removing checks on goods entering Northern Ireland from the rest of the U.K.

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Iran currency drops to lowest value ever amid US sanctions

Iran's currency has dropped to its lowest value ever as talks to revive the country's tattered nuclear deal with world powers remained deadlocked.

Traders in Tehran exchanged the rial at 332,000 to the U.S. dollar, up from 327,500 on Saturday. That marked more than a 4.4% change compared to June 1 when it traded at 318,000 to the dollar.

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India, China growing markets for shunned Russian oil

India and other Asian nations are becoming an increasingly vital source of oil revenues for Moscow despite strong pressure from the U.S. not to increase their purchases, as the European Union and other allies cut off energy imports from Russia in line with sanctions over its war on Ukraine.

Such sales are boosting Russian export revenues at a time when Washington and allies are trying to limit financial flows supporting Moscow's war effort.

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EU seeks Israeli gas as Lebanon protests extraction in disputed field

European Commission chief Ursula von der Leyen and Italian Prime Minister Mario Draghi were headed to Israel Monday as the EU seeks to wean itself off Russian fossil fuel imports. 

Von der Leyen and Draghi are due to hold energy talks in Israel, which has turned from a natural gas importer into an exporter in recent years because of major offshore finds.

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2 Lebanese industry executives among 7 dead in Italy helicopter crash

Seven bodies, including those of two Lebanese citizens, have been found in the wreckage of a helicopter that disappeared in the mountains of northern Italy two days ago, with no survivors, emergency services said.

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Iran, Venezuela sign two-decade cooperation deal

Iran and Venezuela on Saturday signed a 20-year cooperation agreement during a visit by Venezuelan President Nicolas Maduro to Tehran, state media reported.

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Oueidat requests charges against Riad Salameh

State Prosecutor Ghassan Oueidat has requested that charges be issued against Central Bank chief Riad Salameh on suspicion of financial misconduct based on preliminary investigation findings, a court official said.

Lebanon opened a probe into Salameh's wealth last year, after the office of Switzerland's top prosecutor requested assistance in an investigation into more than $300 million which he allegedly embezzled out of the central bank with the help of his brother.

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Japan eases foreign tourism ban, allows guided package tours

Japan on Friday eased its borders for foreign tourists and began accepting visa applications, but only for those on guided package tours who are willing to follow mask-wearing and other antivirus measures as the country cautiously tries to balance business and infection worries.

Friday is the first day to start procedures needed for the entry and arrivals are not expected until late June at the earliest, even though airport immigration and quarantine offices stood by for any possible arrivals.

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Dozens of S. Korean truckers detained in strike over wages

South Korean police have detained several dozen truckers for blocking traffic and disrupting the movement of goods near factories as a nationwide strike extended into a fourth day.

The truckers are urging the government to provide a minimum wage in the face of soaring fuel prices that are squeezing their finances.

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US inflation hit a new 40-year high last month of 8.6%

The costs of gas, food and other necessities jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs.

Consumer prices surged 8.6% last month from 12 months earlier, faster than April's year-over-year surge of 8.3%, the Labor Department said Friday.

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