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By Jacob Bogage WASHINGTON, Aug 19 (Reuters) – U.S. President Donald Trump will cap off the country’s summer celebrations of its 250th anniversary with a roaring auto race through the streets of Washington, a first-of-its-kind event that will showcase the transformation of the capital – and federal government – in Trump’s second term. IndyCar’s Freedom 250 Grand Prix will spin down historic Pennsylvania Avenue, around the National Archives and weave […]

By Timothy Aeppel Aug 19 (Reuters) – Generac is best known for making backyard generators that rumble to life after power failures. But artificial intelligence is its new frontier. The Waukesha, Wisconsin-based company is spending $250 million by the end of next year to equip multiple factories to make beefed-up versions of its generators for data centers. The order backlog for those machines already stands at $1.6 billion, and the […]

Aug 19 (Reuters) – Estee Lauder forecast annual profit above Wall Street estimates on Wednesday, betting on sustained spending on premium fragrances and strong performance in key markets such as China, reflecting persistent gains from its CEO’s turnaround strategy. Resilient spending by affluent and younger customers, especially on trendy items, has helped boost demand for the cosmetics maker’s luxury fragrances and skincare products such as Le Labo and Balmain Beauty. […]

By Maria Tsvetkova NEW CITY, New York, Aug 19 (Reuters) – Richie Rosen, 43, was born with a rare genetic condition called Williams syndrome. His hands are weak and unreliable. He longs for human connection but gets anxious in social situations and is easily upset. For four years, a Haitian caregiver named Tassy helped him navigate day-to-day life at a group home for developmentally disabled men in upstate New York […]

KYIV, Ukraine (AP) — Ukraine’s ousted Defense Minister Mykhailo Fedorov called Tuesday for elections to be held even as the war against Russia continues, saying the country was gripped by a crisis of governance. The move by one of President Volodymyr Zelenskyy’s most loyal and longstanding team members until recently could become the most significant internal challenge Zelenskyy has faced since Russia’s full-scale invasion. The appeal came in a video […]

KABUL, Afghanistan (AP) — It’s grape season in Afghanistan’s southern province of Kandahar, and the harvest this year is plentiful. But that’s small comfort for the region’s grape producers and workers, who say fighting between Afghanistan and Pakistan has left them unable to access their primary market. For months, the two countries have traded fire sporadically across their long, mountainous border, leaving hundreds of people dead. Islamabad accuses Afghanistan’s Taliban […]

BEIJING, Aug 19 (Reuters) – A pioneer of China’s aerospace programme, Liu Jiyuan, died in Beijing aged 93 after an illness, the main space contractor said on Wednesday. • In a career of nearly four decades from 1960, Liu worked on, and led development of, control systems for China’s first generation of strategic weapons and launch vehicles. • Born in 1933, Liu died on Monday due to illness, the contractor, […]

Aug 19 (Reuters) – Former Wimbledon finalist Nick Kyrgios was provisionally suspended from tennis on Wednesday after testing positive for cocaine, with the volatile Australian owning up to his “huge mistake” in a public apology. The International Tennis Integrity Agency (ITIA) announced the suspension of the 31-year-old following a positive test for benzoylecgonine, a cocaine metabolite, from a sample taken during an ATP 250 event in Mallorca in June. Kyrgios, […]

HONG KONG, Aug 19 (Reuters) – Alphabet has raised A$5.5 billion ($3.89 billion) via its inaugural Australian dollar debt issuance, according to a term sheet seen by Reuters, adding to the hectic pace of fundraising by global tech companies. The U.S. tech giant raised the amount by issuing 3-, 5-, 10- and 20-year bonds, the term sheet showed. The company set the coupon at 6.9% for the longest tenure bond […]