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Aug 18 (Reuters) – Home Depot beat Wall Street estimates for second-quarter sales on Tuesday, as resilient demand for smaller repair-and-maintenance projects helped offset a sluggish U.S. housing market. The world’s largest home-improvement retailer posted sales of $47.86 billion in the three months ended August 2, topping analysts’ expectations of $47.27 billion, according to data compiled by LSEG. Home Depot has benefited as stubbornly high interest rates have pushed homeowners […]

Aug 18 (Reuters) – China’s Baidu missed Wall Street estimates for second-quarter revenue on Tuesday as declines in its core advertising business offset growth in AI-linked cloud services, sending its U.S.-listed shares down 3.5% in premarket trading. A prolonged downturn in China’s property sector and weak consumer spending have led businesses to cut marketing budgets, weighing on advertising demand and pressuring Baidu’s online marketing business. The company reported a 4% […]

DUBAI, Aug 18 (Reuters) – The Strait of Hormuz will remain shut until the U.S. meets the conditions of an interim deal signed with Iran in June, the top Iranian negotiator Mohammad Baqer Qalibaf said in comments published by state media on Tuesday. These conditions include the U.S. lifting its blockade of Iranian ports, lifting oil sanctions, releasing Tehran’s frozen assets, and ending threats and military operations on all fronts, […]

OSLO, Norway (AP) — King Harald of Norway has been admitted to a hospital for treatment in connection with a blood disease, the royal palace said. Harald, who is 89, was admitted to the National Hospital on Monday afternoon, the royal palace said in a statement. “The King has been treated with cortisone for the blood disease hemolytic anemia in recent weeks,” the palace said in a statement. “This has […]

SEOUL, South Korea (AP) — South Korea’s president said Tuesday a solid alliance with the U.S. strengthens the foundation of national security, as many South Koreans were baffled and concerned about U.S. President Donald Trump’s abrupt order to “substantially reduce” joint military exercises. Trump made the surprise announcement in a social media post just before U.S. and South Korean soldiers began Monday’s annual Ulchi Freedom Shield exercises, which are largely […]

STOCKHOLM, Aug 18 (Reuters) – Sweden’s centre-left opposition holds a 10 percentage point lead over the ruling right-wing coalition ahead of a September 13 election, making a change of government likely, according to an opinion poll conducted on behalf of public broadcaster SVT. No government has ever bridged a gap this wide in such a short time, and “only a miracle” could now prevent defeat for Prime Minister Ulf Kristersson […]

LONDON, Aug 18 (Reuters) – Long-term borrowing costs from the United States to Japan and Germany rose to their highest levels in decades on Tuesday, as renewed inflation worries added to lingering concerns of fiscal pressures across major economies, dealing bond markets a fresh blow. Thirty-year bond yields in the United States, the world’s most systemically crucial government bond market, hit their highest since 2007 as oil prices rose back […]

Aug 18 (Reuters) – The Supreme Court of Pakistan ordered on Tuesday that former Prime Minister Imran Khan be moved to hospital from jail, local media reported. (Reporting by Ariba Shahid; Editing by YP Rajesh) Brought to you by www.srnnews.com

Last season, the Indianapolis Colts turned to longtime Chargers quarterback Philip Rivers when injuries wiped out their options at the position. Now they are turning to one of his favorite targets for the same reason. According to multiple reports Monday night, the Colts have agreed to terms with veteran free agent receiver Keenan Allen on a one-year contract potentially worth more than $8 million. The 34-year-old would be joining a […]