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Biden unveils plan to cap rent hikes

(CNN) — President Joe Biden revealed a series of proposals aimed at lowering housing costs on Tuesday as inflation and elevated home prices are shaping up to be decisive issues for voters this year.The plan, which is subject to congressional…

Thailand is set to roll out a controversial $13.8 billion handout plan in digital money to citizens

Thailand’s prime minister has said that eligible businesses and individuals can register from August for digital cash handouts, a controversial program that will cost billions of dollars and is meant to boost the lagging economy. The government announced in April the widely criticized ambitious plan, named the Digital Wallet, meant to give about $275 to 50 million citizens in digital money to spend at local businesses. Prime Minister Srettha Thavisin posted on the social platform X on Monday, saying the registration will begin Aug. 1. The program was a major campaign promise by the ruling party ahead of last year’s general election.

Bolivia's beleaguered president announces natural gas discovery, promising a boon for the country

Bolivia’s embattled president has announced the discovery of vast natural gas reserves just north of the capital, describing it as the biggest find in nearly two decades that could help the cash-strapped country reverse its falling production. President Luis Arce calls the find a “mega field,” saying it has some 1.7 trillion cubic meters of gas at a likely market value of $6.8 billion. He says the trove — named Mayaya X-1 — is a way to revive Bolivia’s gas industry. That was the engine of robust growth in the early 2000s, a period of booming exports and declining poverty that experts have called Bolivia’s “economic miracle.”

Macy’s rejected a takeover offer and is betting on itself

New York (CNN) — Macy’s management ended talks with private investors attempting to take over the company and will pursue its own turnaround strategy to remake the chain.Macy’s board of directors voted unanimously to end discussions with Arkhouse Management and…

Google is close to making its biggest acquisition ever

New York (CNN) — Google owner Alphabet is in advanced discussions to buy fast-growing cybersecurity startup Wiz for roughly $23 billion, a person familiar with the matter confirmed to CNN.A takeover of Wiz, which makes cybersecurity software for cloud computing,…

BlackRock pulls commercial that included Trump rally shooter

New York (CNN) — Investment giant BlackRock is pulling an ad that included Thomas Crooks, the gunman who shot at Donald Trump, injuring the former president and killing an attendee at a rally near Pittsburgh on Saturday.“In 2022, we ran an ad…

Trump Media shares spike 30% after assassination attempt

New York (CNN) — The value of former President Donald Trump’s social media company spiked Monday after he was injured in an attempted assassination over the weekend.Trump Media & Technology Group’s share price surged more than 30% Monday morning, putting…

Burberry CEO is out after company warns about its profit

New York (CNN) — British luxury brand Burberry is replacing its chief executive following another disappointing quarter in which sales plunged more than 20%.Jonathan Akeroyd is leaving Burberry with “immediate effect,” the company said in its earnings release Monday, and replacing…

‘Morning Joe’ pulled from air Monday because of Trump shooting

New York (CNN) — MSNBC will not air “Morning Joe,” its celebrated politics roundtable program, on Monday, opting to instead air continued breaking news coverage of the attempted assassination of former President Donald Trump.The progressive news network confirmed the decision…