Reactions to Trump indictment over bid to reverse his 2020 US election loss

By Kanishka Singh WASHINGTON (Reuters) – The following are some reactions to the four-count indictment charging Republican Donald Trump with conspiring to defraud the United States by attempting to overturn his 2020 election loss to Democrat Joe Biden and to deprive voters of their right to a fair election: SPECIAL COUNSEL JACK SMITH, WHO OVERSEES…

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Instant View: Fitch downgrades U.S. foreign currency ratings to ‘AA+’ from ‘AAA’

(Reuters) – Ratings agency Fitch on Tuesday downgraded the United States’ long-term foreign currency ratings to AA+ from AAA, reflecting expected fiscal deterioration over the next three years as well as a high and growing general government debt burden. The downgrade follows a debt ceiling agreement in June that came after months of political brinkmanship…

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Pinterest sees stronger margins as ad rebound boosts quarterly results

(Reuters) -Image-sharing platform Pinterest beat Wall Street targets for second-quarter results on Tuesday and forecast higher margins for the year, supported by an advertising market recovery and cost-cutting measures. Tech giants Meta Platforms and Google parent Alphabet had also recorded strong ad sales, signaling a rebound in marketing spending by businesses as inflation cools and…

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Shale producers Pioneer Natural, Devon tighten budgets after profits plunge

By Arunima Kumar and Arathy Somasekhar (Reuters) -Shale producers Pioneer Natural Resources Co and Devon Energy Corp on Tuesday tightened budgets and warned of lower drilling and completions activity in coming months after a drop in oil and gas prices slashed their second-quarter profits. U.S. shale producers have been forced to reduce the number of…

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Poland rushes troops to border, Belarus denies helicopter violation

By Agnieszka Pikulicka-Wilczewska WARSAW (Reuters) -Poland said on Tuesday it was rushing troops to its eastern border after accusing Belarus, Russia’s closest ally, of violating its airspace with military helicopters. The Belarusian military denied any such violation and accused NATO member Poland, one of Ukraine’s most fervent backers in its conflict with Russia, of making…

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North Korea criticises US human rights envoy as ‘wicked, mudslinging’

By Hyonhee Shin SEOUL (Reuters) – North Korea denounced the new U.S. special envoy on the country’s human rights issues, Julie Turner, as a “wicked” person who has resorted to “mudslinging” while interfering in other countries’ internal affairs. Turner, former director of the State Department’s Office of East Asia and the Pacific in the Bureau…

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Explainer-Can Trump use political donations to pay for legal defense?

By Andrew Goudsward (Reuters) – Former U.S. President Donald Trump’s main fundraising group, known as a leadership PAC, on Monday reported spending more than $21 million on legal fees in the first half of 2023 amid investigations and lawsuits against Trump, his advisers and his associates. WHAT IS A LEADERSHIP PAC? Leadership PACs, such as Trump’s…

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