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Donald Trump and Joe Biden attend the presidential debate in Atlanta, Georgia. REUTERS/Brian Snyder
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- President Joe Biden’s allies scrambled to contain the fallout from his faltering performance at the first 2024 US presidential debate after he struggled to stem a barrage of attacks and false claims from his Republican rival Donald Trump.
- The Biden campaign had hoped that a strong debate would quell concerns among voters that the 81-year-old is too old to serve a second four-year term. Instead, a hoarse-sounding Biden stumbled over his words at times.
- Here are some of the major takeaways from the contest, and here is what a group of undecided voters thought. Meanwhile, America’s overseas allies are bracing for the return of Trump.
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- Heavy rainfall and winds brought down a roof at the main airport in New Delhi, killing one person and disrupting flights from a domestic terminal, while flooded streets and traffic snarls threw daily life out of gear in India’s capital.
- Iranians started voting for a new president following the death of Ebrahim Raisi in a helicopter crash, choosing from a tightly controlled group of four candidates loyal to the supreme leader, at a time of growing public frustration.
- Deadly Kenyan protests and a failed coup in Bolivia this week are violent reminders of the dangers posed by faltering economies and punishing austerity measures. Chief Emerging Markets Correspondent Karin Strohecker joins the Reuters World News podcast to explain the risks.
- Argentina’s Congress approved economic reform measures proposed by President Javier Milei, giving him his first big legislative win just over six months after taking office.
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- The recent turmoil in France’s bond market could mark a new chapter for the euro zone’s wealthiest economies, with emerging political and fiscal risks fuelling volatility earlier associated with its high-debt members such as Greece or Spain.
- Japan appointed a new top foreign exchange diplomat as the yen plumbed a 38-year low against the dollar, heightening expectations of imminent market intervention by Tokyo to shore up the battered currency.
- Ten large banks including Bank of America, Goldman Sachs, and JPMorgan Chase will pay $46 million to settle a long-running antitrust lawsuit accusing them of conspiring to rig the now $465.9 trillion market for interest rate swaps.
- Bankruptcy may become a less attractive way to resolve sprawling lawsuits after a US Supreme Court ruling scuttled OxyContin maker Purdue Pharma’s Chapter 11 settlement and sharply scaled back a court’s ability to wipe away legal claims against entities that have not filed for bankruptcy themselves.
- Nokia will acquire Infinera in a deal with an enterprise value of $2.3 billion, as the Finnish firm looks to expand its optical network business, especially in the North American market. Shares of Infinera surged nearly 22%.
- Nike forecast a surprise drop in fiscal 2025 revenue, hurt by faltering demand for its sneakers as consumers covet newer brands such as On and Hoka, pushing its shares down over 12% after hours.
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Firm making car that Putin gifted to Kim uses South Korean parts
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Kim Jong Un and Vladimir Putin ride in an Aurus car in Pyongyang, June 20, 2024. KCNA via REUTERS/File Photo
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Laughing and joking, Russian President Vladimir Putin and North Korean leader Kim Jong-un cruised around Pyongyang last week in a Russian-made Aurus limousine to showcase their strengthened anti-Western alliance.
The luxury sedan was intended to epitomize Russia’s domestic prowess and reduced dependence on imported technology and goods when unveiled in 2018.
But customs records show that the company that builds it uses millions of dollars in imported parts, many arriving in Russia from what Kim has described as his country’s “primary foe”, South Korea.
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An artist’s impression of the last woolly mammoth on Wrangel Island in the Arctic Ocean. Beth Zaiken/Handout via REUTERS
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About 4,000 years ago, the last of Earth’s woolly mammoths died out on a lonely Arctic Ocean island off the coast of Siberia, a melancholy end to one of the world’s charismatic Ice Age animals.
But what doomed this last mammoth population on Wrangel Island? A new genomic analysis suggests that something very sudden caused the population to collapse.
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