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Fed poised to attack inflation with another interest rate hike
The Federal Reserve is set to announce another big interest rate increase on Wednesday, the fourth this year, in its ongoing battle to tamp down price pressures that have been squeezing American families.
Microsoft earnings fall short as computer sales sag
Microsoft on Tuesday said that its earnings in the recently ended quarter fell shy of expectations as personal computer sales suffered from production holdups in China and sagging demand.
Israel's Teva reaches potential $4.25 bn US opioid settlement
Israeli generic drug maker Teva has reached an agreement in principle to pay $4.25 billion over 13 years to settle a series of court cases over its role in the US opioid epidemic. "Teva will pay up to $4.25 billion (including the already settled cases) plus approximately $100 million for the tribes, spread over 13 years," it said.
New York asks WHO to re-name 'stigmatizing' monkeypox
New York City asked the World Health Organization (WHO) on Tuesday to rename the monkeypox virus to avoid stigmatizing patients who might then hold off on seeking care.
Twitter shareholders to vote on Musk buy in September
Twitter on Tuesday urged shareholders to endorse the $44 billion deal Elon Musk made to buy the online podium, setting a vote on the merger for September 13. Twitter shareholders were assured that they will be able to attend the meeting online, and vote remotely.
Kenya holds single-candidate presidential 'debate'
Kenya's Deputy President William Ruto appeared alone at a presidential debate Tuesday ahead of April 9 polls, after his main rival pulled out at the weekend. But on Tuesday Ruto found himself alone on stage, opposite an empty pulpit, fielding questions from two journalists.
Biden hails $22 bln investment by S. Korea's SK Group
President Joe Biden on Tuesday hailed progress in the US bid to revamp its 21st century economy after huge South Korean group SK announced a $22 billion investment in US semiconductor and other cutting edge industries.
Pair of new studies point to natural Covid origin
An animal market in China's Wuhan really was the epicenter of the Covid pandemic, according to a pair of new studies in the journal Science published Tuesday that claimed to have tipped the balance in the debate about the virus' origins. This required neighborhood-level study within Wuhan to be more certain the virus was "zoonotic" -- that it jumped from animals to people.
Brazil NGOs urge US to recognize election winner quickly
Brazilian non-governmental groups on Tuesday met US policymakers to urge a swift recognition of the winner in October 2 elections as President Jair Bolsonaro tries to cast doubt on the voting system. A delegation of 19 civil society groups held talks at the State Department and with members of Congress, saying they warned of threats to democracy by the far-right incumbent president.
AFP
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