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GM to pay $12.75 million to settle California driver privacy probe

By David Shepardson WASHINGTON, May 8 (Reuters) - GM has agreed to pay $12.75 million to resolve a California investigation into allegations that the Detroit automaker illegally sold two data brokers detailed information about the driving habits of hundreds of thousands of Californians, state ...
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Fuel shortages and high prices push adoption of EVs in Africa, led by Ethiopia

Nairobi, KENYA (AP) - Use of electric vehicles in Africa is surging, led by Ethiopia, as soaring prices and fuel shortages compel countries to opt for cleaner and cheaper transport. Africa imported 44,358 electric vehicles from China in 2025, according to data from China's ...
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Trump administration reaches deal with non-profit over DC golf courses

By Kanishka Singh WASHINGTON, May 8 (Reuters) - President Donald Trump's administration and a non-profit group that runs Washington, D.C.'s public golf courses reached a deal on Friday under which the organization will have a new long-term lease of two courses while federal officials will ...
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Rubio defends new US sanctions on Cuba, targeting military-run conglomerate GAESA

HAVANA (AP) - U.S. Secretary of State Marco Rubio on Friday defended the Trump administration's decision to slap new sanctions on Cuba, the largest of which is against GAESA, or Grupo de Administración Empresarial S.A., a business conglomerate operated by the Cuban Revolutionary Armed ...
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Boeing probing worker death as union calls for accountability

May 8 (Reuters) - Boeing said on Friday it was continuing to investigate a workplace accident that led to the death of an employee last month, after a union called for full accountability over the incident. Daniel Lussier, a 53-year-old aircraft mechanic at Boeing and ...
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Florida insurer Safepoint reveals 97% revenue surge in US IPO filing

May 8 (Reuters) - Safepoint on Friday filed its paperwork for a U.S. initial public offering, disclosing a 96.9% revenue jump last year as a strong run of new listings from Florida-based insurers extends into 2026. The company reported a net income of $165.6 million ...
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US employers defy economic shock from Iran war and add a surprisingly strong 115,000 jobs in April

WASHINGTON (AP) - America's employers delivered a surprising 115,000 new jobs last month despite an economic shock from the Iran war. Hiring beat the 65,000 jobs forecasters had expected, though it decelerated from the 185,000 jobs created in March. The unemployment rate remained at a ...
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Jobs report showed hiring slowed, but exceeded expectations

(NEW YORK) -- Hiring slowed in April as a rise in fuel prices hammered shoppers weeks into the war with Iran, U.S. government data on Friday showed.The U.S. added 115,000 jobs in April, according to the report, which marked a cooldown from 178,000 jobs ...
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BlackRock cut private credit fund’s value by 5% in first quarter

By Matt Tracy May 7 (Reuters) - Asset manager BlackRock cut the value of its private credit fund, BlackRock TCP Capital Corp, in the first quarter, it said Thursday. BlackRock TCP Capital Corp's net asset value per share dropped roughly 5% ...
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These numbers show the global impact of Iran’s grip on the Strait of Hormuz

Iran's grip on the Strait of Hormuz has jolted the world economy, causing a spike in fuel prices that has rippled through other sectors with effects far beyond the Middle East. It has also left tens of thousands of mariners and hundreds of ships ...
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Cofounder of British fashion brand Superdry sentenced to 8 years in prison for rape

LONDON (AP) - The cofounder of the British fashion brand Superdry was sentenced Thursday to eight years in prison for raping a woman following a night of drinking. James Holder, 54, was found guilty by a jury in Gloucester Crown Court in the west of ...
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Iran war to accelerate China’s shift to electric trucks from diesel

By Sam Li and Lewis Jackson BEIJING, May 7 (Reuters) - The jump in diesel prices triggered by the Iran war is expected to accelerate electrification of China's heavy truck fleet this year, analysts and automakers say, and speed a decline in fuel demand in ...
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