Headlines Summary Aug 20, 2024

Geopolitical Tensions - Ukrainian forces struck three bridges in Russia's Kursk region, suggesting Kyiv plans to hold the territory for the long-term. - The attempted bombing in Israel threatened to open a violent new chapter of the conflict as U.S. Secretary of State Antony Blinken arrived. - Poland's prime minister criticized German authorities after a suspect crossed back into Ukraine without being arrested. - The disclosures that Ukrainians blew up the Nord Stream natural-gas pipelines using Poland as a base sparked a dispute between U.S. allies Berlin and Warsaw. - China-Thailand joint military drills have grown larger and more focused on conventional warfare over the past 20 years. Economic And Trade Issues - Canadian National Railway reported 'no meaningful progress' in negotiations over the weekend. - Buyout firms are looking to the Fed to revive the deal market, but cuts alone won't bring back the industry's glory days. - U.S. companies are pulling away from China as Democrats and Republicans increasingly impose duties on Beijing. - Major cement producers see higher prices and profits in countries such as DRC, Mozambique, and Ethiopia amid China's property crisis. - The nation's biggest economic challenges converge at Moon's Sandwich Shop, where customers complain of higher menu prices, and the owner struggles to keep up with rising wages. Political Developments - President Biden and Hillary Clinton will pass the torch to Kamala Harris on the first night of the DNC. - The expelled Republican congressman faces at least two years in prison. - President Biden used his address at the Democratic National Convention to make the case for Vice President Kamala Harris as his party's future while cementing his health care legacy. - Thousands denounced the vice president and the Democratic Party as doing too little to address the issues they care about. - The vice president echoed President Biden's position on increasing the corporate tax rate to 28% from 21%. Corporate And Financial News - Boeing found cracks in the structure of its 777X jetliner in initial test flights, the latest setback for the long-delayed airplane. - GM is cutting more than a thousand employees in its software and services division. - AMD agreed to pay nearly $5 billion to buy ZT Systems, a designer of data-center equipment for cloud computing and AI. - Carl Icahn and his company agreed to pay $2 million to settle civil charges from the SEC. - U.S. index futures edged up after the S&P 500 logged its eighth straight day of gains. Cybersecurity And Technology - Since February, users have been either unable to use social media or allowed limited access. Now, even sending an email or WhatsApp message is difficult. - Elon Musk's X to close operations in Brazil as clash over content escalates. - U.S. intelligence agencies said Iran was responsible for recently disclosed efforts to hack the Trump campaign. - China's growing support for autonomous driving is giving robotaxi pioneers a leg up in some of the country's biggest cities. - Kuaishou's net profit more than doubled as it continued to boost its advertising revenue with resilient user numbers.

Hope you find this useful! This is an AI generated summary based on news headlines collected over the past 24 hours Generated At Aug 20, 2024 15:08 UTC

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