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Europe's central bank backs big rate hike despite bank chaos

FRANKFURT, Germany (AP) — The European Central Bank carried through with a large interest rate increase Thursday, brushing aside predictions it might dial back as U.S. bank collapses and troubles at Credit Suisse feed fears about the impact of higher rates on the global banking system. The...

Senior Iranian official visits UAE on heels of Saudi deal

A senior Iranian official visited the United Arab Emirates on Thursday, just days after Tehran agreed to restore diplomatic relations with Saudi Arabia in a Chinese-brokered deal that raised hopes of a broader rapprochement across Middle East. Ali Shamkhani, the head of Iran's Supreme...