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Trump denies immigration restriction is ‘a Muslim ban’

  WASHINGTON / AP President Donald Trump is vigorously defending his immigration restrictions, as protests spread throughout the country, saying “this is about terror and keeping our country safe.” Trump released a statement asserting, “To be clear, this is not a Muslim ban, as the media is falsely reporting.” The president addressed the issue late Sunday in a statement as some ...

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Suspects named after 6 killed in Canada mosque shooting

  QUEBEC CITY / AP A shooting at a Quebec City mosque during evening prayers left six people dead in an attack that Canada’s prime minister called an act of terrorism. Police arrested two suspects, including one who called 911 to say he was armed but ready to give himself up. More than 50 people were at the Quebec Islamic ...

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UN chief hails African nations for accepting refugees

  ADDIS ABABA / AP The UN Secretary General has commended African countries for opening their borders to refugees and people fleeing violence while other parts of the world, including the developed West, close boundaries and build walls. Antonio Guterres made the remarks Monday in Addis Ababa where several dozen African leaders are attending the summit of the African Union. ...

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Trump’s calls with gulf allies offer insight on Mideast policy

  Bloomberg Two days after moving to block the entry of citizens of seven majority Muslim countries, President Donald Trump’s talks with two Gulf Arab leaders contained no public mention of the ban. The focus, instead, was on anti-terrorism efforts and confronting a mutual foe: Iran. Trump spoke by phone on Sunday with Saudi Arabia’s King Salman, whose country is ...

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Party mourns assassination of Suu Kyi adviser

  YANGON / AP Myanmar politicians, activists and others shocked by the assassination of a longtime adviser to leader Aung San Suu Kyi gathered on Monday at a cemetery for an emotional funeral ceremony, while police investigated the motive for the killing. Ko Ni, a prominent lawyer and member of Myanmar’s Muslim minority, was shot in the head at close ...

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Philippine police stop anti-drug crackdown amid scandal

  MANILA / AP The Philippine police chief stopped the use of the national police force in anti-drug operations on Monday and disbanded all police anti-narcotics units after the president’s brutal crackdown was used as a cover by rogue officers to kidnap and kill a South Korean man for money. Police Director-General Ronald Dela Rosa told police officers he would ...

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Saudi, Kuwait, Egypt retreat; Aramex supports Dubai

  DUBAI / Reuters Middle Eastern equity markets diverged on Monday, with last week’s top gainers pulling back on profit taking while strong quarterly earnings from courier firm Aramex bolstered Dubai. The Saudi Arabian index fell 0.7 percent, snapping seven consecutive sessions of gains. Twelve of the 14 listed petrochemical producers pulled back as Brent oil futures fell near $55 ...

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US stocks fall, bonds rise as Trump in focus

  Bloomberg US stocks fell the most since the presidential election, while Treasuries advanced with gold as Donald Trump’s order on immigration raised concern that he may follow through with isolationist policies touted on the campaign trail, overshadowing a pro-growth agenda. The Dow Jones Industrial Average tumbled more than 200 points, retreating below 20,000 after closing at records last week. ...

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UniCredit drops on ECB concerns over bank’s credit quality

  Bloomberg UniCredit SpA dropped in Milan trading after it said the European Central Bank had demanded an improved plan for dealing with bad loans by the end of February. The bank’s strategy for shoring up its finances may not adequately address the ECB’s concerns about credit quality, according to a filing on Monday detailing UniCredit’s plans for a 13 ...

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Citigroup plans to exit mortgage servicing

  Bloomberg Citigroup Inc. plans to exit the mortgage-servicing business by the end of 2018 to focus on making new loans. The bank reached an agreement to sell the servicing rights on Fannie Mae- and Freddie Mac-backed loans with $97 billion of outstanding balances to New Residential Mortgage LLC, New York-based Citigroup said Monday in a statement. The bank also ...

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