Tesla Marks the Latest High-Profile Bet for Saudi Wealth Fund

Saudi Arabia’s purchase of a stake of about $2 billion in $2 trillion powerhouse and help diversify Saudi Arabia’s oil-dependent economy. Here’s a selection of PIF’s recent investments and holdings: Uber Technologies Inc. PIF invested $3.5 billion in U.S. ride-share company Virgin Group’s space companies, Virgin Galactic, The Spaceship Co.…

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Chemicals Added To Food And Packaging May Be Harming Children And No One Is Regulating It

The American Academy of Pediatrics, a professional membership organization representing 67,000 doctors, has put the US Government and the Food and Drug Administration (FDA) on blast for their lax regulation of chemicals added to food and food packaging. At the same time, they’ve advised the general public on how to…

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Dollar Debt Will Be Elusive to Turkey as U.S. Sanctions Bite

The summer holiday in the bond market may be a long one for Turkey. New dollar issuance, including government and corporate-sector bonds, has dried up, with no sales recorded since April, according to data compiled by Bloomberg. And with corporate-bond losses among the worst in emerging markets amid a plunge…

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Heavy rain continues to fall across Northeast as region braces for more flooding

(CNN)Heavy rain is forecast to continue falling in Pennsylvania and New York, with flood warnings in place Tuesday through Wednesday in some areas. Radar estimates suggest that the region that stretches from Baltimore to Philadelphia and up toward Wilkes-Barre have experienced rainfall of 2-4 inches since Saturday with locally higher…

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Japan: Heat spikes to 41.1C near Tokyo as high temps to continue until August

Tokyo (CNN)Dozens of people have died across Japan as the country continues to swelter under scorching summer temperatures. The Hanagasa Junko parade, the second largest event of the Gion Matsuri festival, has also been canceled due to high temperatures. Around 300 children and elderly people were expected to parade in…

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Storms sweep in as temperatures cool

The Met Office said 34.7C was recorded in Tibenham, Norfolk, on Friday but the early development of thunderstorms had suppressed temperatures and kept them below Thursday’s high of 35.3C. A Met Office yellow warning for thunderstorms remains in place for the east of England until 02:00 BST and the east…

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