Donald Trump speaks during a campaign rally at Madison Square Garden REUTERS/Brendan McDermid |
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The city skyline is reflected in a pool left on the dry riverbed of the receding Jialing river, China, August 20, 2022. REUTERS/Thomas Peter/File Photo |
- Companies around the world are starting to cut prices and costs and scale back activity in China, as the world's second-biggest economy continues to flag despite Beijing's efforts to turn things around.
- The rise of online shopping has led to swaths of store closures, casting doubt over the future of retail malls and high streets, but in Europe there are signs that shops are back in vogue and are important for helping to drive online sales.
- Tesla CEO Elon Musk stunned investors and analysts with plans to grow vehicle sales by 30% next year, buoyed by a new, cheaper model and enthusiasm for self-driving software, but delivering on that promise would surprise much of Wall Street.
- Boeing is set to launch its plan to raise more than $15 billion in capital. Reuters first reported on Oct. 16 that the planemaker was closing in on a plan to raise around $15 billion with common shares and a mandatory convertible bond.
- McDonald's ruled out beef patties as a source of the E. coli outbreak linked to Quarter Pounder hamburgers, which has killed at least one person and sickened nearly 75 others.
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For many US voters, the economy is personal and they blame the Democrats |
The United States' post COVID-19 economic recovery has been the envy of the developed world, with strong consumer spending and business and federal investment helping the economy dodge a predicted recession. Stock markets are at record highs, jobs and wages are growing fast, unemployment is low and inflation is now below January 2020 levels after a spike in 2022. But prices for food, rent, utilities and treats like dining out are all well above 2019 levels, because of complex factors the US government has limited impact on, like labor costs, lack of competition and supply chain issues. Many Americans are in a constant state of sticker shock. |
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October 11, 2024. REUTERS/Luisa Gonzalez |
For more than five decades as violent conflict raged through Colombia's highlands and rainforests, wildlife thrived. From brilliantly colored orchids to tiger-striped frogs, scientists have uncovered a wealth of new animal and plant species in the years since a 2016 peace deal saw most rebels with the Revolutionary Armed Forces of Colombia lay down their weapons. The accord made it safe to enter many parts of the country, often pristinely preserved amid the conflict. |
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