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UK Drafting Ban on Confucius Institutes Following Sunak’s Appointment as PM
The British government is working on a ban of the Communist China-sponsored Confucius Institutes, according to officials who spoke with UK media outlets. Plans to ban the Chinese language and cultural study centers, controversial because...
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Post-COVID Math, Reading Proficiency Among US Students at Lowest Level in Over a Decade
America's students have been set back more than 15 years in terms of their mathematics and basic literary skills, the latest results of nationwide testing among fourth- and eighth-graders show. This year's National Assessment of...
Trade Deficit for US Goods Widens as Home Sales and Imports Dwindle
WASHINGTON (Reuters) — The U.S. trade deficit in goods widened sharply in September, likely as a strong dollar and softening global demand weighed on exports, but that did not change expectations that trade led an...
Nasdaq Wanes Amid Weak Big Tech Earnings
(Reuters) — The Nasdaq index fell on Wednesday, Oct. 26 as disappointing results and warnings from Microsoft and Alphabet sparked losses in mega-cap companies and raised fears of slowing economic growth, while an upbeat earnings...
Hyundai Breaks Ground on $5.5 Billion EV Plant, Boasts Production Capacity
ELLABELL, Ga. (Reuters) — Hyundai Motor Co broke ground on a $5.54 billion electric vehicle (EV) and battery plant in the U.S. on Tuesday, Oct. 25 as South Korea's biggest automaker grapples with an uncertain...
Cyclone Lashes Bangladesh, Killing Nine and Flooding Low-Lying Areas
DHAKA (Reuters) — A cyclone roared into the Bangladesh coast on Tuesday, Oct. 25 killing at least nine people, destroying houses, uprooting trees and disrupting road, power and communication links, officials said. Mass evacuations before...
Pipeline Blasts Leave Nord Stream in Insurance Limbo
Analysis LONDON (Reuters) — With the mystery of the blasts that destroyed undersea gas pipelines between Russia and Germany unsolved, Nord Stream 1's insurers and reinsurers are grappling with how to respond to hundreds of...
US Consumers Confidence Ebbs as Housing Prices Slow
WASHINGTON (Reuters) — U.S. consumer confidence ebbed in October after two straight monthly increases amid rising concerns about inflation and a possible recession next year, but households remained keen to purchase big-ticket items like motor...
Adidas Ends Partnership with Kanye West, Citing Antisemitism Hate Speech
Adidas AG is terminating its partnership immediately with Kanye West, the sporting goods maker said on Tuesday, Oct. 25 after the American rapper and designer was seen reacting to a rash of offensive Antisemitic behavior....
Rishi Sunak Selected as New UK PM: What You Need to Know
LONDON (Reuters) — Rishi Sunak became England's first prime minister of color on Tuesday, Oct. 25 after winning race to lead the Conservative Party. Sunak will be tasked with steering a deeply divided country through...
Volkswagen Poised to Rake in Almost Half of Spain’s EV Subsidies
MADRID (Reuters) — Volkswagen's Spanish subsidiary SEAT will rake in almost half of the nearly 900 million euros (about USD$888 million) in government subsidies allocated for electric vehicle development, Spain's Industry Ministry said on Tuesday,...
Belgians Hold Relay Race Across Pond in Hollowed-out Pumpkins
With fall in full swing, people all around the world have begun sharing their favorite traditions and celebrations. Wearing wimples, wigs and even a shark head, Belgians hopped into giant floating pumpkins to take part...