All eyes are on sinking markets today as fears of a US recession sent investors fleeing from risk. Elsewhere, Kamala Harris interviews potential vice president picks at her home, and Britain's Keir Starmer will hold an emergency meeting as anti-immigration riots intensify. |
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Protesters clash with police and the pro-government supporters in Dhaka, August 4, 2024. REUTERS/Stringer |
- An Israeli airstrike hit two schools in Gaza City, killing at least 30 people, Palestinian officials said, while the Israeli military said it struck a Hamas military compound embedded in the schools.
- Iran is not looking to escalate regional tensions but believes it needs to punish Israel to prevent further instability, the foreign ministry spokesperson said, following the killing of Hamas leader Ismail Haniyeh in Tehran last week.
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- Vice President Kamala Harris is expected to announce her running mate after conducting interviews with top contenders at her Washington, D.C., residence over the weekend, two sources with knowledge of the matter said.
- Hurricane Debby is expected to slam into the Big Bend region of Florida's Gulf Coast by midday before slowly crossing the state, causing potentially dangerous storm surges and catastrophic flooding, the National Hurricane Center said.
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This tally tracks the top five countries as medals are awarded. Updates every 30 minutes. Reuters Graphics |
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The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 5, 2024. REUTERS/Staff |
- Stock markets tumbled, with Japanese shares at one point exceeding their 1987 "Black Monday" loss, as fears of a US recession sent investors fleeing from risk while wagering that rate cuts would be needed to rescue growth.
- Amanda Cooper, our editor for Europe's finance and markets breaking news, talks whether an emergency Fed rate cut is possible on the Reuters World News podcast - listen now.
- Bitcoin and ether plunged to multi-month lows as worries over a possible US recession and a rush to safe-haven assets.
- The US Commerce Department is expected to propose barring Chinese software in autonomous and connected vehicles in the coming weeks, according to sources briefed on the matter.
- Family-owned packaged food giant Mars, whose candy brands include M&M's and Snickers, is exploring a potential acquisition of Kellanova, maker of snacks such as Cheez-It and Pringles, according to people familiar with the matter.
- As Eli Lilly's weight-loss drug Zepbound gains ground in the US against Novo Nordisk's Wegovy, some doctors say their guiding principle for writing prescriptions is simple: which drug can patients actually get at the pharmacy?
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Battleground US states seen vulnerable to post-election chaos |
Experts worry Trump and his supporters could try again to overturn an election loss. REUTERS/Andrew Kelly/File Photo |
Pennsylvania and Wisconsin, two states seen as must-wins in the Nov. 5 presidential election, have failed to adopt electoral reforms intended to avoid a repeat of the chaos that followed Republican Donald Trump's attempts to overturn his 2020 defeat. Kamala Harris and former President Trump are locked in a tight contest in those two states, public opinion polls show. They are the heart of the "Blue Wall" states of America's former industrial heartland that are likely to play a critical role in either candidate's path to victory. Their failure to embrace a 2022 federal law could attract the post-election attention of Trump and his Republican allies. |
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A parade of amphibious vehicles cruise canals in Amsterdam, Netherlands, August 1, 2024. Reuters TV via REUTERS |
A colorful parade of amphibious cars glided through Amsterdam's canals last week, but it was the last time the event will be held in the city, at least until batteries become lighter. Starting in 2025, access to the city's waterways will be restricted to emission-free vessels and vehicles, a standard too high for amphibious cars due to the weight of electric batteries. |
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