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Brazil’s WEG to invest $77 million to boost US plant capacity due to AI demand

By Fabio Teixeira (Reuters) -Brazilian motor maker WEG will invest $77 million in a U.S. specialty transformer manufacturing facility, it said on Tuesday, seeking to increase the plant’s production capacity by 50% as artificial intelligence fuels demand in the country. The ...
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Some PepsiCo investors cautious of Elliott’s plan to spin out bottling

By Jessica DiNapoli and Svea Herbst-Bayliss NEW YORK (Reuters) -Some investors in PepsiCo support suggestions by activist shareholder Elliott Investment Management that the global food and beverage company cut costs and ditch sleepy brands like Quaker, but sound more cautious ...
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US Antimony Corp wins $245 million Pentagon contract to build defense stockpile

By Ernest Scheyder and Jarrett Renshaw (Reuters) -United States Antimony Corporation said on Tuesday it has secured a sole-source, five-year contract worth up to $245 million from the U.S. Defense Logistics Agency to supply antimony metal ingots for the defense ...
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Chicago Fed releases interim unemployment estimate, with September at 4.3%

By Howard Schneider WASHINGTON (Reuters) -The Chicago Federal Reserve said on Tuesday it had combined government and private data into a new estimate of the unemployment rate that would give policymakers faster-moving, twice monthly updates of a statistic central to ...
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Amazon.com to close all of its Amazon Fresh UK stores

LONDON (Reuters) -Amazon.com said it planned to close all of its 19 Amazon Fresh UK convenience grocery stores, of which five would be converted to its Whole Foods Markets brand, less than five years after it entered the market. ...
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Brazil’s central bank signals ‘new stage’ of steady interest rates

SAO PAULO (Reuters) -Brazil’s central bank said on Tuesday that it has entered a “new stage” in which policymakers opt to keep interest rates unchanged while evaluating whether the current level is enough to ensure inflation converges to its ...
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Europe’s plug-in hybrid boom helps Chinese carmakers outsell Renault, Audi in August, report shows

(Reuters) -Chinese automakers sold more cars in Europe than the Renault and Audi brands in August, helped by booming plug-in hybrid sales, with models from BYD, Jaecoo and MG in the category’s top-ten sellers, data from JATO Dynamics ...
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Fed’s Bowman: Fed needs to be decisive in fending off job market risks

By Howard Schneider WASHINGTON (Reuters) -The Federal Reserve may be late in supporting the labor market and could need to speed the pace of rate cuts if demand conditions weaken and businesses begin to lay off workers, Fed Vice Chair ...
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Unions push US lawmakers to pass SHIPS Act to secure shipbuilding funding

By Lisa Baertlein LOS ANGELES (Reuters) -Five U.S. unions are calling on lawmakers to pass legislation that would help secure long-term funding to revive domestic shipbuilding, an effort championed by President Donald Trump and boosted by new port fees on ...
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US authorities seize illicit electronics in New York area during UN General Assembly

NEW YORK (Reuters) -The U.S. Secret Service said on Tuesday it had dismantled a network of sophisticated electronic devices in the New York area that had been used to threaten U.S. government officials as foreign leaders gather this week ...
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Harris admits she was ‘reckless’ in not challenging Biden’s decision to run for reelection

(NEW YORK) -- Former Vice President Kamala Harris, on ABC's "Good Morning America" on Tuesday, said she does regret not personally challenging former President Joe Biden's decision to run for reelection.In an interview with "Good Morning America" co-anchor Michael ...
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Ghana study warns of hazardous toxin levels linked to mining as artisanal gold output soars

By Maxwell Akalaare Adombila DAKAR (Reuters) -A boom in artisanal gold mining in Ghana has driven mercury contamination to dangerous levels in host communities, with soil readings in some areas reaching 134 times amounts deemed to be safe, a government-backed ...
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