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Wells Fargo tempers cost-cutting outlook

Wells Fargo & Co reported higher quarterly earnings on Tuesday, due in part to lower expenses, but the bank reined in its outlook for cost cuts to invest in improving its risk management.

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Von der Leyen set to win EU Parliament backing for top job

Ursula von der Leyen faced the European Parliament in Strasbourg ahead of a vote on her nomination [Vincent Kessler/Reuters]

Ursula von der Leyen has been elected into the EU’s top job by a narrow margin after vowing to address climate change.

The 60-year-old former defence minister of Germany

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India: Seven dead, dozens trapped as building collapses in Mumbai

Rescue workers and residents search for survivors at the site of the collapsed building [Reuters]

At least seven people have been killed and dozens of others trapped after the collapse of a four-storey residential building in India‘s financial capital, Mumbai, officials and media reports said.

“Seven people have died in

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Guatemala's state corruption and the heirs of colonial privilege

Demonstrators protest against President Jimmy Morales’s decision to end the mandate of the UN anti-corruption commission CICIG, in Guatemala City January 12, 2019 [File: Luis Echeverria/Reuters]

In 1985, with the country in a deep economic crisis, Guatemala’s military rulers announced a new economic package that included a rise in the

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More News from Australia

Albanese demands government apologise for describing pension as ‘generous’

Anthony Albanese has demanded the Morrison government apologise to aged pensioners after an L-plate minister described the pension as “generous”.

New Social Services Minister Anne Ruston sparked angry calls to talkback radio this week after she also claimed the $66-a-day payment was “welfare” for people who can’t look after themselves.

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Four dead, 12 feared trapped after Mumbai building collapse

Four people were killed and at least others 12 feared trapped under rubble after a building collapsed as heavy monsoon rains lashed India’s financial capital Mumbai on Tuesday, officials said, the second such tragedy in two weeks.

Torrential downpours have swept away homes, triggered landslides and claimed at least 180

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Police called to sushi shop to remove penguins – twice

How far have you gone for your favourite lunch? New Zealand police were this week tasked with an interesting call-out: to remove two curious little blue penguins from a sushi shop in Wellington.

The penguins weren’t prepared to take no for an answer, and returned to the shop when the

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SBS World News bulletin: 16/7/19

SBS News wraps-up all the national and international news including: US congresswomen hit back at Donald Trump over his racially charged comments, calls for US-Iran dialogue on the 2015 nuclear deal and rare images from inside Apolllo 11’s mission control… 50 years on.

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Festival goer took up to nine MDMA capsules, inquest hears

A young man who took up to nine MDMA capsules at a Sydney music festival told his friend before he died “he was just going to keep a strong mind and push through it”, an inquest has heard.

Callum Brosnan, 19, collapsed at Olympic Park train station after attending the

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Two dead, 40 trapped in Mumbai building collapse

Two people were killed and 40 more were trapped after a four-storey building collapsed in Mumbai on Tuesday, police said.

The residential building in the crowded neighbourhood of Dongri, which was flooded during recent monsoon rains, crashed just before Tuesday at noon.

Disaster response force workers rescued five people –

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