ISLAMABAD, Aug 10 (Reuters) - A close aide to Pakistan's former Prime Minister Imran Khan and a local media house will face sedition charges, accused of inciting mutiny in the powerful military, the country's interior minister said on Wednesday.
The charges were related to comments made by Khan adviser Shahbaz Gill and aired on ARY TV on Monday night, which the minister, Rana Sanaullah, said was a planned move to malign the military.
He said the accused would face sedition charges for inciting mutiny in the military. "We've set up a special team to probe it," he told reporters in Islamabad, adding, "It was a planned move to malign our institutions."
Aug 10 (Reuters) - Walgreens Boots Alliance (WBA.O) contributed to the opioid epidemic in San Francisco through its sale of prescription drugs in the city, a federal judge concluded on Wednesday.
The amount the pharmacy chain must pay will be determined in a later trial.
Aug 10 (Reuters) - Canada's main stock index rose on Wednesday, with technology stocks leading gains, after data showed a slower-than-expected rise in U.S. inflation last month.
At 10:06 a.m. ET (1406 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was up 194.76 points, or 0.99%, at 19,773.06.
Technology stocks (.SPTTTK) jumped 2.7% as Converge Technology Solutions (CTS.TO) surged over 12% to lead gains. Canadian tech firms were also tracking a 2.2% move higher on the Nasdaq Composite index (.IXIC).
June 24 (Reuters) - For a Mississippi doctor, it was a glimpse of a fetal arm. For a police officer, it was the treatment of anti-abortion protesters outside a clinic. A Catholic leader was galvanized by the civil rights movement.
These and other experiences shaped prominent abortion opponents in their decades-long effort to see the U.S. Supreme Court reverse the landmark 1973 Roe v. Wade ruling that established the constitutional right to abortion. read more
That long-awaited moment came on Friday, when the conservative-led court overturned Roe. Four leaders of the anti-abortion movement reflect on how they reached this point.
Aug 10 (Reuters) - Ford Motor Co (F.N) said on Wednesday every vehicle it manufactures in Michigan would be assembled using solar and other renewable energy sources by 2025, as the automaker aims to lower its emissions.
Michigan-based Ford has signed a renewable energy purchase pact with local provider DTE Energy (DTE.N), under which the utility firm will add 650 megawatts of new solar energy in the state for the carmaker.
Ford operates three plants in Michigan at Dearborn, Wayne and Flat Rock that build the F-150, Mustang, Ranger and Bronco models.
- Q2 profit T$33.29 bln vs T$31.02 bln market viewQ2 revenue rose 12% to T$1.5 trlnSees flat growth for consumer electronics in Q3Sees strong growth for cloud and networking products in Q3Says has plan B if authorities don't approve China Tsinghua investment
NEW YORK, Aug 10 (Reuters) - The dollar fell more than 1 percent on Wednesday following a cooler-than-expected inflation report for July that raised expectations of a less aggressive rate hike cycle than previously anticipated from the U.S. Federal Reserve.
U.S. consumer prices did not rise in July as the cost of gasoline plunged, delivering the first notable sign of relief for Americans who have watched inflation climb over the past two years. read more
Economists polled by Reuters had forecast a 0.2% rise on the heels of a roughly 20% drop in the cost of gasoline.
Aug 10 (Reuters) - TUI (TUIGn.DE), one of the world's largest tour operators, took a 75 million euros ($77 million) hit in the third quarter from flight disruption across Europe, pushing it to a loss on Wednesday.
Incoming Chief Executive Sebastian Ebel said there would be significant but lower costs related to air disruption in the fourth quarter, with air traffic normalising in recent days.
"The whole system is still very fragile, and we have days with hardly any disruptions, and we have weeks and days with a lot of disruptions," Ebel, who is replacing long-time chief Friedrich Joussen in October, told journalists.
NEW YORK, Aug 10 (Reuters) - Here is an outline of the legal problems Donald Trump might face over his removal from the White House of official presidential records that his son said had prompted an FBI search on Monday of the former president's Mar-a-Lago, Florida, estate.
NEW YORK, Aug 10 (Reuters) - Former U.S. President Donald Trump said on Wednesday he declined to answer questions during an appearance before the New York state attorney general in a civil investigation into his family's business practices.
"I declined to answer the questions under the rights and privileges afforded to every citizen under the United States Constitution," Trump said in a statement.
New York State Attorney General Letitia James is looking into whether the Trump Organization inflated real estate values. Trump and two of his adult children, Donald Trump Jr. and Ivanka Trump, fought to avoid testifying but lost.
NEW YORK, Aug 10 (Reuters) - U.S. consumer prices decelerated in July as gasoline prices dropped sharply, raising hopes the U.S. Federal Reserve may dial back its aggressive path of interest rate hikes.
The consumer price index was unchanged last month after advancing 1.3% in June, the Labor Department said on Wednesday. In the 12 months through June, the CPI climbed 8.5%, below expectations of an 8.7% rise and after a 9.1% rise in June. read more
MARKET REACTION:
Aug 9 (Reuters) - Ukrainian President Volodymyr Zelenskiy, who has been fighting a Russian invasion since February, is being made into an action figure by a product design company in Brooklyn, New York.
FCTRY launched a Kickstarter campaign to fund production less than two weeks ago. It hit its $30,000 funding goal in just three hours and has since raised over $120,000. For every figure sold, $1 goes to Ukraine in the campaign which ends on Friday.
A 6-inch (15-cm) tall clay prototype of the Zelenskiy action figure, molded by Seattle artist Mike Leavitt, will be mass produced in plastic in China. It is expected to ship by March.
Aug 10 (Reuters) - U.S. consumer prices were unchanged in July due to a sharp drop in the cost of gasoline, delivering the first notable sign of relief for weary Americans who have watched inflation climb over the past two years.
The Consumer Price Index (CPI) was flat last month after advancing 1.3% in June, the Labor Department said on Wednesday in a closely watched report that could allow the Federal Reserve to dial down the size of interest rate hikes in September.
The reading was the largest month-on-month deceleration of price increases since 1973 and follows on the heels of a roughly 20% drop in the cost of gasoline. Prices at the pump spiked in the first half of this year due to the war in Ukraine, hitting a record-high average of more than $5 per gallon in mid-June, according to motorist advocacy group AAA.
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###JERUSALEM, Aug 10 (Reuters) - Wix.com (WIX.O), which helps small businesses build and operate websites, said on Wednesday it aims to cut costs by $150 million a year to compensate for a global economic slowdown and a stronger dollar, which has weighed on revenue.
Under a three-year plan, Wix said it would take comprehensive cost-cutting measures, including some job cuts, aimed at raising free cash flow and accelerating margin expansion. About 20% of the annualised savings are expected to
be realized already in 2022, it said.
Aug 10 (Reuters) - The Federal Reserve is seen slowing interest rate hikes next month and ultimately raising borrowing costs less aggressively this year and next after data released Wednesday showed U.S. inflation eased more than expected last month.
Traders of futures tied to the Fed's benchmark rate slashed bets on a third straight 75-basis-point hike in September after a U.S. Labor Department report showed consumer prices didn't rise at all in July compared with June.
That relief came after months of accelerating price pressures that had Fed policymakers tightening policy faster than any time since the 1980s.
HONG KONG, Aug 10 (Reuters) - China's Lenovo Group (0992.HK) recorded its smallest revenue growth in nine quarters as the world's biggest PC maker saw sales of the devices ease after a pandemic-fuelled boom, and it was also hit by COVID-19 lockdowns at home.
The results vindicate Lenovo's strategy of emphasising development of its non-personal computer (PC) businesses such as smartphones, servers and information technology services, which together now make up more than a third of its sales.
Lenovo's total revenue during the April-June quarter was $16.96 billion, up 0.2% from the same quarter a year ago though it was in line with an average Refinitiv estimate of $16.87 billion drawn from seven analysts. That was the smallest increase since the March 2020 quarter.
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