Tuesday, October 26, 2021
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Hertz orders 100,000 Teslas in car-rental industry shake-up

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Hertz Global Holdings Inc., barely four months out of bankruptcy, placed an order for 100,000 Teslas in the first step of an ambitious plan to electrify its rental-car fleet.

The Facebook papers: Social network shaken by content, user woe

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Facebook has been struggling to attract younger users for more than a decade, and some senior employees are alarmed over the company’s inability to keep teens engaged.

The man behind Erdogan’s worst spat with the West: QuickTake

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Recep Tayyip Erdogan is leading Turkey toward the biggest showdown with key Western allies since the Turkish president assumed power two decades ago.

Russian envoy backs Iran demand for US nuclear deal guarantee

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Russia’s lead negotiator at stalled multi-power talks to revive the 2015 nuclear deal said Iran’s demand for a guarantee from the U.S. government that it won’t quit the landmark accord again is “logical and justifiable.”

Twitter suspends GOP Rep. Jim Banks for misgendering Biden appointee

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Twitter Inc. suspended Rep. Jim Banks’ official account for calling Dr. Rachel Levine, the assistant Health and Human Services secretary, a man.

Meet the Mexican dealmaker in Shanghai behind Trump’s SPAC deal

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A Mexican dealmaker in China was one of the key architects behind former President Donald Trump’s deal with a special purpose acquisition company.

Pelosi open to Democrats raising debt ceiling without GOP

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House Speaker Nancy Pelosi opened the door to Democrats using a special budget tool to raise the U.S. debt ceiling without the support of Senate Republicans, whose votes would otherwise be needed to end a filibuster on the increase.

Yellen expects high inflation through mid-2022 before easing

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Treasury Secretary Janet Yellen said she expects price increases to remain high through the first half of 2022, but rejected criticism that the U.S. risks losing control of inflation.

In just 21 days, Facebook led new India user to gore, fake news

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In February 2019, Facebook Inc. set up a test account in India to determine how its own algorithms affect what people see in one of its fastest growing and most important overseas markets. The results stunned the company’s own staff.

Obama attacks GOP candidate’s ‘phony culture wars’ in Virginia

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Former President Barack Obama waded into VirginIa’s gubernatorial race, criticizing Republican candidate Glenn Youngkin for supporting “phony, trumped-up culture wars” in his bid to flip the state.

Negotiators edge closer to global carbon market deal at COP26

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Nations are edging toward a deal that could create a global carbon market when they meet in Scotland for COP26 climate talks in about a week, after Brazil signaled it’s willing to compromise.

Airstrike kills senior al-Qaida leader in Syria, US says

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A U.S.-led airstrike in northwest Syria on Friday killed senior al-Qaida leader Abdul Hamid al-Matar, according to the U.S. Central Command.

Erdogan says 10 Western ambassadors no longer welcome in Turkey

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President Recep Tayyip Erdogan said the ambassadors of 10 nations, including the U.S., Germany and France, were no longer welcome in Turkey after they demanded the release of a prominent businessman and philanthropist.

World’s biggest oil exporter commits to net-zero emissions

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Saudi Arabia has pledged to eliminate planet-warming emissions within its borders by 2060.

Biden’s trimmed paid leave plan lags rest of world by months

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Democrats’ latest paid family and medical leave proposal would offer workers four weeks annually — significantly lowering the promised benefits and leaving the U.S. lagging much of the world in guaranteed paid time off.

Trending in Politics

Pelosi open to Democrats raising debt ceiling without GOP

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House Speaker Nancy Pelosi opened the door to Democrats using a special budget tool to raise the U.S. debt ceiling without the support of Senate Republicans, whose votes would otherwise be needed to end a filibuster on the increase.

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