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Wall Street turns lower as markets await data on labor market

U.S. markets drifted lower before the bell Tuesday as investors await a trove of labor market data this week.

Futures for the S&P 500 and the Dow Jones Industrial Average each fell about 0.3% before the bell.

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South Korean president vows to expand mineral ties with Africa

South Korea will expand development aid to Africa and pursue deeper cooperation with the region of 1.3 billion people on critical minerals and technology, President Yoon Suk Yeol said Tuesday as he hosted dozens of African leaders in the inaugural Korea-Africa Summit.

In a speech, Yoon urged African countries to take firmer steps in an international pressure campaign against North Korea. The North recently accelerated its tests of nuclear-capable weapons systems and flew hundreds of balloons to drop tons of trash and manure on South Korea as relations between the war-divided Koreas worsen.

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World's most expensive cow is part of Brazil's plan to put beef on everyone's plate

Brazil has hundreds of millions of cows, but one in particular is extraordinary. Her massive, snow-white body is watched over by security cameras, a veterinarian and an armed guard.

Worth $4 million, Viatina-19 FIV Mara Movéis is the most expensive cow ever sold at auction, according to Guinness World Records. That's three times more than the last recordholder's price. And — at 1,100 kilograms (more than 2,400 pounds) — she's twice as heavy as an average adult of her breed.

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US-linked restaurants attacked in Baghdad

Dozens of men have attacked two restaurants in Baghdad including a KFC, security officials said, as calls grow to boycott U.S. brands over Israel's war in Gaza.

The incident is the latest in a series of attacks targeting Western-linked brands in Iraq that started last week.

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Expect the cost of your airfare to continue to rise, an aviation trade group and industry heads warn

The cost of your next flight is likely to go up.

That's the word from the International Air Transport Association, which held its annual meeting Monday in Dubai, home to the long-haul carrier Emirates.

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Toyota apologizes for cheating on vehicle testing and halts production of three models

Toyota Chairman Akio Toyoda apologized Monday for massive cheating on certification tests for seven vehicle models as the automaker suspended production of three of them.

The wide-ranging faulty testing at Japan's top automaker involved the use of inadequate or outdated data in collision tests, and incorrect testing of airbag inflation and rear-seat damage in crashes. Engine power tests also were found to have been falsified.

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More women made list of top paid CEOs in US, but numbers are still small

More women are attaining the top job at companies in the S&P 500, but their numbers are still minuscule compared to their male counterparts.

Of the 341 CEOs included in the AP's annual compensation survey, 25 are women. That's the most women making the list since the survey began in 2011. But the numbers haven't budged very much. The second highest tally was 21 women in 2017.

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OPEC+ agrees to extend output cuts to buttress oil prices

Saudi Arabia and allied oil producing countries on Sunday extended output cuts through next year, a move aimed at supporting slack prices that haven't risen even amid turmoil in the Middle East and the start of the summer travel season.

The OPEC+ alliance, made up of members of the producers cartel and allied countries including Russia, extended three different sets of cuts totaling 5.8 million barrels a day.

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Japan spent $62 billion supporting yen in April-May

Japan said Friday that it spent about 62 billion dollars to bolster the yen over the past five weeks, when it intervened in forex markets for the first time since 2022 after the currency hit a 34-year low.

Finance ministry data showed that forex intervention operations totaled 9.79 trillion yen ($62 billion) between April 26 and May 29.

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Stock markets diverge as inflation takes center stage

Equity markets diverged Friday as traders fixed attention on inflation numbers from the eurozone and the United States for clues on the outlook for interest-rate cuts.

Paris and Frankfurt indices were slightly lower in midday deals after official data showed eurozone inflation rose faster than expected in May.

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