China’s COVID controls will impact foreign investment for years – U.S. lobby

SHENZHEN, China – China’s strict COVID-19 controls will hamper foreign investment into the country for years to come as limits on travel block the pipeline for projects, the President of the American Chamber of Commerce warned on Tuesday. There are few signs that American companies are leaving the China market, but the years-long process of research and due diligence for projects has been delayed, Michael Hart said at an event launching the chamber’s annual report.…

"China’s COVID controls will impact foreign investment for years – U.S. lobby"

Ukrainian troops evacuate from Mariupol, ceding control to Russia

KYIV/NOVOAZOVSK, Ukraine – Ukraine’s military said on Tuesday it was working to evacuate all remaining troops from their last stronghold in the besieged port of Mariupol, ceding control of the city to Russia after months of bombardment. The evacuation likely marked the end of the longest and bloodiest battle of the Ukraine war and a significant defeat for Ukraine. Mariupol is now in ruins after a Russian siege that Ukraine says killed tens of thousands…

"Ukrainian troops evacuate from Mariupol, ceding control to Russia"

Democratic frontrunner in Pennsylvania Senate primary to skip rally after stroke

PHILADELPHIA – Pennsylvania Lieutenant Governor John Fetterman, the leading Democratic candidate for the U.S. Senate in the state, will skip his election night party on Tuesday as he recovers in a hospital from a stroke suffered during the final days of the campaign. Fetterman’s Pittsburgh rally will proceed without him “as he will remain in the hospital resting and recovering,” his campaign said in a statement on Monday. His wife, Gisele Fetterman, and other guests,…

"Democratic frontrunner in Pennsylvania Senate primary to skip rally after stroke"

U.S. congresswoman Liz Cheney blasts fellow Republicans after ‘great replacement’ mass shooting

WASHINGTON – U.S. Representative Liz Cheney called on fellow Republicans to reject white supremacism, days after a teenage gunman motivated by the right-wing “great replacement” theory allegedly killed 10 people in a racist shooting in western New York state. “The House GOP leadership has enabled white nationalism, white supremacy, and anti-semitism,” Cheney, an outspoken critic of former President Donald Trump and his allies in the House of Representatives, wrote on Twitter. “History has taught us…

"U.S. congresswoman Liz Cheney blasts fellow Republicans after ‘great replacement’ mass shooting"

Kenya presidential contenders pick rights champion, political campaigner as running mates

NAIROBI – Kenya’s top two presidential candidates have announced their running mates, with veteran contender Raila Odinga opting for a champion of women’s rights and social justice and his rival William Ruto choosing a skilled political campaigner. Both selected running mates are Kikuyus, Kenya’s most populous ethnic group, as Odinga and Ruto – who hail from other communities – seek to attract Kikuyu votes. Announcing his choice, Odinga, 77, on Monday named Martha Karua, a…

"Kenya presidential contenders pick rights champion, political campaigner as running mates"

Coast Guard calls off search for survivors from capsized Haitian migrant vessel

MIAMI – The U.S. Coast Guard said on Monday it had called off the search for survivors from last week’s capsizing of a vessel carrying Haitian migrants that left at least 11 dead. The vessel was spotted on Thursday north of Desecheo Island, Puerto Rico, carrying an “undetermined” number of people. The Coast Guard rescued 38, two of them citizens of the Dominican Republic. “Our most heartfelt condolences to the families, friends and loved ones…

"Coast Guard calls off search for survivors from capsized Haitian migrant vessel"

JetBlue launches hostile takeover bid for Spirit Airlines

– JetBlue Airways Corp on Monday commenced a hostile all-cash takeover bid for Spirit Airlines Inc, days after the discount carrier rejected an offer from the larger rival. JetBlue, which had earlier offered $33 per share, is locked in a takeover battle for Spirit with Frontier Group Holdings and has argued a deal will help better compete with the “Big Four” U.S. airlines that control nearly 80% of the passenger market. In a letter to…

"JetBlue launches hostile takeover bid for Spirit Airlines"

McDonald’s to exit Russia after more than 30 years

– McDonald’s Corp said on Monday it has started a process to sell all its restaurants in Russia, exiting the country after more than 30 years following its invasion of Ukraine. The world’s largest fast food chain had in March decided to close its 847 restaurants in Russia, taking a hit of $50 million per month. It now expects to record a non-cash charge of about $1.2 billion to $1.4 billion following the sale. The…

"McDonald’s to exit Russia after more than 30 years"

EU says no final decision taken on ending Valneva COVID vaccine contract

BRUSSELS – The European Commission said on Monday that no final decision had been made about the possible termination of a contract with Valneva to supply its COVID-19 vaccine to the European Union. Valneva said earlier on Monday it had received a notice of intent from the Commission to terminate the contract. The statement triggered a sell-off of the company’s shares, which lost one-fifth of their value in few hours. EU Commission spokesman Stefan de…

"EU says no final decision taken on ending Valneva COVID vaccine contract"

Ukraine counter-attacks Russian forces in the east

RUSKA LOZOVA, Ukraine – Russia attacked positions in eastern Ukraine as it tries to encircle Ukrainian forces in the Donbas and fend off a counteroffensive around the city of Izium. NATO Secretary-General Jens Stoltenberg said Russia’s offensive in Donbas had stalled and Ukraine could win the war, an outcome few military analysts predicted at the outset of the conflict. “Russia’s war in Ukraine is not going as Moscow had planned,” Stoltenberg told reporters on Sunday.…

"Ukraine counter-attacks Russian forces in the east"