By Jarrett Renshaw (Reuters) – In the five weeks since U.S President Joe Biden abandoned his flailing reelection bid, the Democratic Party’s fortunes have changed dramatically, and this week the change will be on full display. Vice President Kamala Harris, now the party’s candidate, is heading into the Democratic National Convention riding a historic whirlwind:…
By Nyasha Chingono HARARE (Reuters) – About 68 million people in Southern Africa are suffering the effects of an El Nino-induced drought which has wiped out crops across the region, the regional bloc SADC said on Saturday. The drought, which started in early 2024, has hit crop and livestock production, causing food shortages and damaging…
By Jody Godoy WASHINGTON (Reuters) -The U.S. Federal Trade Commission sued Asbury Automotive Group on Friday, alleging that three of its dealerships in Texas charged Black and Latino customers higher prices than others, and routinely added services to customers’ contracts without their consent. Up to 75 percent of customers of David McDavid Ford dealership in…
By Nathan Layne and Joseph Ax WILKES-BARRE, Pennsylvania (Reuters) – Republican Donald Trump and Democrat Kamala Harris will hold dueling campaign events this weekend in Pennsylvania, the political battleground that may be the most critical state in the Nov. 5 presidential election. Trump, the former president, will hold a Saturday rally in Wilkes-Barre in the…
FRANKFURT (Reuters) – German battery maker Varta said on Saturday it had reached a restructuring agreement with its creditors, bringing on sports car manufacturer Porsche to save the ailing business. Varta’s debt will be reduced from 485 million euros ($534.86 million) to an initial 200 million euros, the company said. Lengthy negotiations between major shareholder…
SAO PAULO (Reuters) – Media platform X said on Saturday it would close its operations in Brazil “effective immediately” due to what it called “censorship orders” from Brazilian judge Alexandre de Moraes. X claims Moraes secretly threatened one of its legal representatives in Brazil with arrest if it did not comply with legal orders to…
(Reuters) – British drugmaker GSK said on Friday it would seek a dismissal of an upcoming Zantac case in Florida, where plaintiffs alleged that its discontinued heart burn drug had caused prostate cancer. The move followed a Florida court ruling on Thursday in favour of GSK and other defendants. The ruling excluded testimony from experts…
HONG KONG (Reuters) – Hong Kong’s economy expanded by 3.3% in the second quarter from a year earlier, the government said on Friday, adding that the economy should continue to grow. The economy expanded by 2.7% in the first quarter of 2024. “Looking ahead, the economy should continue to grow in the remainder of the…
By Carolina Mandl NEW YORK (Reuters) – ExodusPoint Capital Management reported a $1 billion drop in assets under management in the first half of 2024, according to a regulatory filing. The filing gave no reason for the drop but a source familiar with the matter said it was due to withdrawals of money by clients….
(Reuters) – Vice President Kamala Harris’ speech in Raleigh, North Carolina, on Friday will focus on economics, and specifically around her plans to lower costs and target “corporate price-gouging” if she is elected president, according to her campaign. Inflation has been a persistent sore spot for American consumers, overshadowing an otherwise healthy economy with a…
