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May 7 (Reuters) – IndyCar has withdrawn a T-shirt from its online store after some fans objected to language they said could be interpreted as white-supremacist, a misstep for the Washington Grand Prix event intended to mark the 250th anniversary of U.S. independence. The shirt, produced to promote the August Freedom 250 race, sports an image of Abraham Lincoln wearing a motor racing helmet, with ONE NATION above and ONE […]

The average long-term U.S. mortgage rate rose again this week, reflecting ongoing bond market volatility as surging oil prices due to the war with Iran heighten inflation worries. The benchmark 30-year fixed rate mortgage rate rose to 6.37% from 6.3% last week, mortgage buyer Freddie Mac said Thursday. That’s still down from one year ago, when the rate averaged 6.76%. This is the second straight weekly increase, bringing the average […]

LONDON (AP) — A man has been arrested on suspicion of possessing an offensive weapon after reports that the former Prince Andrew was threatened by a masked man while walking dogs near his home. Norfolk Constabulary said that the arrest came Wednesday evening after a man was reported “behaving in an intimidating manner” near the home of Andrew Mountbatten-Windsor in eastern England. “Officers attended, and the man was arrested on […]

PHILADELPHIA (AP) — After watching Knicks fans take over the 76ers’ arena for years, Joel Embiid openly pleaded with fans not to sell their tickets on the open market for home playoff games. “Don’t sell your tickets,” Embiid said. “This is bigger than you. We need you guys.” Of more pressing concern for the Sixers and their fans, they need Embiid. The 2023 NBA MVP, Embiid missed Game 2 of […]

DEIR AL-BALAH, Gaza Strip (AP) — The son of Hamas’ lead negotiator died on Thursday after being wounded by an Israeli strike on Gaza, the militant group said. Khalil al-Hayya’s 32-year-old son, Azzam, was wounded by a strike in Gaza City that killed another person and wounded several others. The Israeli military has not commented on the strike. The older al-Hayya is based abroad. Israel has continued to carry out […]

OSLO, Norway (AP) — Authorities in Norway arrested a Chinese citizen on espionage allegations Thursday in connection with a purported effort to set up a receiver to collect sensitive satellite data, the country’s domestic intelligence service said. Norwegian security officials also searched two premises in connection with the arrest, including one on an island in northern Norway that’s home to Andøya Spaceport, which is part of Europe’s efforts to expand […]

LONDON (AP) — The cofounder of the British fashion brand Superdry was sentenced Thursday to eight years in prison for raping a woman following a night of drinking. James Holder, 54, was found guilty by a jury in Gloucester Crown Court in the west of England last week of one count of rape but acquitted of a separate charge of assault by penetration in the May 2022 assault. The accuser […]

By Olivia Le Poidevin GENEVA, May 7 (Reuters) – The U.S. and more than a dozen other countries including Japan, South Korea, Singapore and Australia on Thursday launched their own pact to not impose duties on e-commerce after no agreement was reached to end deadlock with Brazil, a document showed. Brazil had opposed an extension of a global deal at World Trade Organization talks. Failure at a high-level WTO meeting […]

Iran’s grip on the Strait of Hormuz has jolted the world economy, causing a spike in fuel prices that has rippled through other sectors with effects far beyond the Middle East. It has also left tens of thousands of mariners and hundreds of ships stranded in the Persian Gulf. Iran effectively seized control of the critical waterway after the U.S. and Israel attacked it on Feb. 28. Weeks of heavy […]