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Trump announced an upcoming diplomatic trip to Malaysia, South Korea, and Japan, including a significant meeting with Chinese President Xi Jinping. Trump also cancelled a planned summit with Russian President Vladimir Putin, citing a lack of progress and expressing optimism that Xi could influence Putin to end the Russia-Ukraine war.
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The sanctions against oil giants Rosneft and Lukoil followed months of calls from Ukrainian President Volodymyr Zelenskyy to hit Russia with harder sanctions on its oil industry.
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Elon Musk's electric car maker reported record revenue as US buyers rushed to secure a key tax credit.
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