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JAKARTA, Aug 14 (Reuters) – Indonesian President Prabowo Subianto will present his 2027 budget proposals on Friday in the face of falling approval ratings and growing investor scepticism over plans to control commodities exports and other ambitious policies.  The former special forces commander took office in October 2024 after a sweeping election victory built on promises to root out corruption, lift economic growth from 5% to 8% and give free […]

By Ann Saphir Aug 13 (Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee on Thursday said the latest U.S. inflation data has been a “little better,” and he is hopeful that as the effects of tariffs and higher oil prices from the Iran war fade, inflation can continue to improve. “If we can get some of this stuff into the rearview mirror then I think we get back on […]

Aug 13 (Reuters) – Elon Musk held a 48.4% stake in SpaceX as of June 30, a regulatory filing showed on Thursday, valuing his holding at more than $900 billion at current market prices. The rockets-to-AI company went public on June 12 after a record-setting IPO that raised $85.7 billion and vaulted the company’s market cap past $2 trillion. However, its valuation has since retreated as enthusiasm faded. Here are […]

Aug 13 (Reuters) – The World War Two memorial in Washington was vandalized with bubbly soap and graffiti on Thursday, prompting vows from the U.S. government to find the perpetrator. The fountain bubbled over with suds and someone painted “Clean hands Dirty $” on one surface, splattering the area with paint. Dedicated in 2004, the memorial features 56 granite pillars around the edge of an elliptical plaza on the National […]

BARDSTOWN, Ky. (AP) — White House border czar Tom Homan defended Immigration and Customs Enforcement’s plan to give officers gloves that deliver painful electric shocks, calling them a tool to help officers end confrontations without using deadly force. “It’s another device to help someone get compliant when they are not,” Homan said Thursday in an interview on Fox News Channel’s “Fox & Friends.” “You can’t just go from 0 to […]

LAS VEGAS (AP) — A jury of 6 men and 10 women was selected Thursday to hear the case against an ex-gang leader accused of orchestrating Tupac Shakur’s killing nearly 30 years ago in one of hip-hop’s most pivotal moments. Opening statements at the murder trial in Las Vegas are expected to begin Monday. Family members and fans of the legendary rapper have been waiting for decades to learn the […]

A court order that struck down regulations on firearm suppressors and certain guns took effect Thursday after the U.S. Justice Department did not file an appeal before a seven-day deadline set by a federal judge in Texas. The ruling allows people to purchase silencers, short-barreled rifles, short-barreled shotguns and certain other firearms without registration, while also removing an extra layer of background checks. The order benefits parties that brought the […]

A new name is not in the cards, but the Chicago Bears are still leaning east as the franchise scours for a new stadium site. Chairman George H. McCaskey said rumors of renaming the team as the Indiana Bears or including the city of Hammond (Ind.) are inaccurate. Because the State of Indiana made a team-friendly offer from the Bears’ perspective, McCaskey and the management team are inching ever closer […]

By Phil Stewart and Idrees Ali PANAMA CITY, Aug 13 (Reuters) – The United States on Thursday threatened to maintain a naval blockade of Iran indefinitely, ratcheting up economic pressure on Tehran as ceasefire talks have floundered, global oil supply is dropping and regional tensions are rising. Defense Secretary Pete Hegseth told reporters that the U.S. military could keep a naval presence in the region to enforce its blockade of […]