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By Dietrich Knauth NEW YORK, May 1 (Reuters) – Saks Global received court approval on Friday to send its bankruptcy plan to creditors for a vote, asking them to approve a restructuring that would wipe out the company’s equity and hand control over to its senior lenders. U.S. Bankruptcy Judge Alfredo Perez approved the company’s disclosure statement and allowed Saks to proceed with a vote at a court hearing in […]

PORTLAND, Maine (AP) — A judge has ruled an 18-year-old man charged with murder in the killing of a paddleboarder in Maine is competent to stand trial. The death of Sunshine “Sunny” Stewart, 48, of St. George, last year shocked the community around Crawford Pond in rural Union, Maine. Authorities charged Deven Young of Frankfort, Maine, with murder in Stewart’s death in July, about two weeks after Stewart’s body was […]

The favorites to host future NFL drafts are Minnesota in 2028 and Cincinnati in 2029, Sports Business Journal reported. The NFL’s events committee is scheduled to meet next week to discuss the hosting rights, with an ownership vote expected at the May 19-20 meetings in Orlando, Fla. The 2027 NFL Draft is taking place on the National Mall in Washington, D.C. The Minnesota Vikings and Minnesota Sports and Events announced […]

WASHINGTON, May 1 (Reuters) – U.S. President Donald Trump on Friday said he would be increasing tariffs on cars and trucks from the European Union to 25%, saying the EU had not complied with its trade deal. “Based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be increasing Tariffs charged to the European Union for Cars and Trucks […]

By Jody Godoy May 1 (Reuters) – U.S. antitrust authorities have completed their review of Intel’s investment in SambaNova, a chip startup chaired by Intel CEO Lip-Bu ​Tan, according to a regulatory notice circulated on Friday. Intel put $35 million into SambaNova in February, which, along with other financing, boosted Intel’s stake in the startup to 8.2% from 6.8% last year. Intel has planned to invest another $15 million in […]

By Dietrich Knauth NEW YORK, May 1 (Reuters) – The Catholic Archdiocese of New York has agreed to pay $800 million in a settlement with 1,300 sex abuse survivors, one of the largest payouts in a wave of lawsuits over clergy sex abuse in the United States. The settlement is second only to the $880 million deal reached by the Archdiocese of Los Angeles in 2024. The Catholic Church has […]

CAPE TOWN, South Africa (AP) — A China policy giving Africa’s biggest economies tariff-free access to its market for the next two years came into effect Friday while its economic rival the United States seeks to impose new import taxes under President Donald Trump’s push for protectionism. The China deal covers Africa’s 20 largest economies, including South Africa, Egypt, Nigeria, Algeria and Kenya. China had already dropped tariffs on 33 […]

LONDON (AP) — A woman who drove a Land Rover into a tea party outside a London primary school celebrating the last day of classes in 2023, killing two 8-year-old girls and injuring several other people, was charged Friday with dangerous driving, authorities said. Prosecutors said they decided to charge Claire Freemantle, 49, with two counts of causing death by dangerous driving and seven counts of causing serious injury by […]

BERLIN (AP) — Georg Baselitz, an acclaimed German artist prominent in the Neo-Expressionalist movement who had a penchant for provocation and was known for painting images upside down, has died. He was 88. The Thaddaeus Ropac Gallery, which represented Baselitz, said the artist died on Thursday, citing his family. It said he died “peacefully,” but did not give a cause of death. Born Hans-Georg Kern, Baselitz took his artistic name […]