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By Julia Horowitz, CNN Business Shares of retailers were pummeled on Wednesday as investors dug through the latest earnings results from Target and Walmart, which were flush with signs that the economy is entering a period of deep uncertainty. What’s happening: Inflation is already causing consumers to pull back spending on some items as they
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ISLAMABAD (AP) — Pakistan’s currency has plummeted to an all-time record low in intraday trading against the U.S. dollar amid uncertainty about the success of crucial talks between the International Monetary Fund and the government of Prime Minister Shahbaz Sharif, which is considering massive new taxation to avoid a default. According to the central bank,
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Cathedral City hosted its annual State of the City on Thursday, in person, after being unable to the last two years. Mayor Ernesto Gutirrez led the event, alongside other city leaders. They discussed the successes and economic opportunities Cathedral City has had within the last year. Some of the discussions included a new hotel opening
Continue ReadingJacopo Prisco, CNN Like many Italians living abroad, Peppe Corsaro missed his mother’s cooking. Born in Sicily, he moved to London when he was 16, and soon started yearning for his home flavors and traditions — especially the bustling Sunday lunch, when mothers and grandmothers cooked timeless favorites for an open-air, marathon feast that could
Continue Reading MILAN (AP) — An Italian tugboat with six people aboard capsized and sank in the Adriatic Sea, leaving five crew members missing, Italian authorities said Thursday. The Coast Guard and other authorities were searching for four Italians and one Tunisian sailor. Authorities said the search was complicated by high winds. Just the captain survived, rescued
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By GRAHAM DUNBAR AP Sports Writer GENEVA (AP) — Female referees will make World Cup history this year by working games at a major men’s tournament for the first time in Qatar. Three female referees and three female assistant referees were announced Thursday by FIFA among 129 officials selected for World Cup duty, including one
Continue Reading By EDNA TARIGAN Associated Press JAKARTA, Indonesia (AP) — Indonesia is lifting a monthlong ban on palm oil export, citing improvements in the supply and domestic price of bulk cooking oil. President Joko Widodo says exports will resume on Monday. Indonesia and Malaysia are the world’s largest exporters of palm oil, which plays an important
Continue Reading NEW YORK (AP) — Wall Street headed for more losses at the open following the previous day’s rout amid persistently high inflation and its potential effect on corporate profits and consumer spending. Futures for the S&P 500 and Dow Jones Industrial Average slid 0.9% Thursday before the bell. Shares in Europe and Asia fell sharply
Continue ReadingBy Lianne Kolirin, CNN Campaigners have branded a decision to take no further action against British Prime Minister Boris Johnson over the “Partygate” scandal a “terrible insult.” Downing Street revealed on Thursday that Johnson has revealed no further fines over his alleged breaches of lockdown regulations after the Metroplitan Police announced that it had concluded
Continue ReadingBy Jordan Valinsky, CNN Business Taco Bell’s highly anticipated Mexican Pizza finally returns to menus Thursday following a roughly two-year hiatus. The beloved menu item was eliminated in November 2020 as part of a broader culling of Taco Bell’s menu during the height of the pandemic. That helped Taco Bell shed complexities and costs. But
Continue ReadingCNN By Chris Isidore, CNN Business How do you regulate a man worth more than $200 billion who thinks he knows better than everyone else? The simple answer is: You don’t. Elon Musk has once again proven he’ll do things his own way, announcing Friday that his $44 billion deal to buy Twitter is on
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Juan Pablo Elverdin (CNN) — El grupo de derechos humanos Amnistía Internacional instó a la FIFA a que destine al menos US$ 440 millones estadounidenses para compensar a los trabajadores migrantes que, según afirma, han sufrido abusos laborales en los preparativos del Mundial 2022 en Qatar. En una carta abierta enviada al presidente de la
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LOS ANGELES (AP) — Alex Rodriguez is taking a swing at mixed martial arts as an investor and board member for the Professional Fighters League. The PFL announced the addition of the former New York Yankees star to its board of directors Thursday. Rodriguez’s investment is part of what the PFL says is $30 million
Continue Reading LOS ANGELES (AP) — Alex Rodriguez is taking a swing at mixed martial arts as an investor and board member for the Professional Fighters League. The PFL announced the addition of the former New York Yankees star to its board of directors Thursday. Rodriguez’s investment is part of what the PFL says is $30 million
Continue Reading NOTTINGHAM, England (AP) — A soccer fan has been sentenced to 24 weeks in prison for assaulting Sheffield United striker Billy Sharp at the end of the team’s Championship playoff game against Nottingham Forest. Robert Biggs is a 30-year-old electrical engineer who is a season-ticket holder at Forest. He ran onto the field after Tuesday’s
Continue Reading By MICHELLE CHAPMAN AP Business Writer Spirit Airlines is advising shareholders to reject a tender offer for shares from JetBlue three days after it went hostile in its bid to create what would be the nation’s fifth largest airline. Spirit repeated Thursday that any attempt to merge with JetBlue would face substantial regulatory hurdles, largely
Continue Reading MANCHESTER, England (AP) — Manchester City’s defensive problems appear to have improved ahead of the final round of the English Premier League on Sunday when the team requires a victory over Aston Villa to ensure retaining the title. Right back Kyle Walker and center back John Stones have returned to training despite having previously been
Continue Reading By CIARÁN FAHEY AP Sports Writer BERLIN (AP) — When Rafael Borré struck the decisive penalty for Eintracht Frankfurt to win the Europa League with a 5-4 shootout win over Glasgow Rangers in Sevilla, Spain, late Wednesday, thousands of fans who packed Frankfurt’s home stadium to watch in Germany flipped out. Some 60,000 supporters in
Continue ReadingLeah Dolan, CNN At the Cannes film festival premiere of Joseph Kosinski’s “Top Gun: Maverick” on Wednesday, former Victoria’s Secret model Adriana Lima became the latest celebrity to turn maternity fashion on its head. Dressed in a custom-made Balmain gown and without a jewel in sight, Lima’s primary red carpet accessory was her pregnant belly.
Continue Reading By BHARATHA MALLAWARACHI Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka’s central bank chief has said the island nation will lower the amount of foreign currency that individuals can hold to $10,000 from $15,000 and penalize those who hold foreign currency for more than three months by making it against the law. Central Bank
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