A U.S. bankruptcy judge approved a sale of Tupperware Brands on Tuesday, paving the way for the iconic food-shortage company to soon exit Chapter 11 protection and continue offering its products while undergoing a hoped-for revitalization. The sale given the court’s green light in Delaware still is subject to closing conditions. Under terms of the deal, a group of lenders is buying Tupperware’s brand name and various operating assets for $23.5 million in cash and more than $63 million in debt relief.
Investors are selling yen and taking shelter in cash, India, pockets of China's markets and Singapore dollars ahead of a U.S. election that could shake out global money and trade flows. Asia's financial markets stand on the front line of what could be a wild ride when votes are tallied and in the months ahead since the region is an export powerhouse and shares and currencies are sensitive to changes in U.S. trade policies. That has money managers shying away from outright wagers on the outcome and looking instead to reduce exposure to vulnerabilities from Japanese manufacturers to Hong Kong stocks and make bets in India or China that stand to gain regardless of the U.S. leader.
Investors say a win for Donald Trump, particularly if accompanied by a Republican sweep of Congress, is expected to squeeze the yuan and shares in export sectors. A victory for Democrat Kamala Harris is likely to result in opposite trades. China's currency is tightly managed.
A French delegation visiting Morocco with President Emmanuel Macron on Tuesday unveiled investment plans in the disputed Western Sahara as part of a broader suite of agreements and partnerships between the two countries. Projects in Dakhla and the Guelmim-Oued Noun region are among the 10 billion euros ($10.8 billion) worth of initiatives announced during Macron's three-day visit to Rabat, which include agreements to build and expand renewable energy and transportation infrastructure throughout the North African Kingdom. In a 40-minute speech at Morocco's parliament, Macron said France's policy shift in the disputed territory would help write a new chapter in the close yet delicate relations between France and a former colony where it retains deep economic ties.
A Texas middle school teacher allegedly told a student that the school would begin tracking female student's menstrual cycles.
The Supreme Court on Tuesday rejected a long-shot bid by Robert F. Kennedy Jr., who ended his independent presidential campaign, seeking his removal from the ballot in the key swing states of Wisconsin and Michigan.
The suit by District Attorney Larry Krasner is the first legal action to be brought over the America PAC's sweepstakes.
With days to go until the presidential election, the top Democratic official in one of the most liberal cities in America might be expected to spend his time heaping criticism on the Republican candidate, Donald Trump. At a news conference Tuesday, Adams deflected more than a dozen questions about Trump and his policies. Instead, Adams directed ire toward his own party, arguing that it was insulting to ask whether Trump was a fascist and urging leaders to “turn down the rhetoric” ahead of the election.
Kamala Harris and Donald Trump are tied in the latest presidential election poll from battleground North Carolina.
Vice President Kamala Harris, the Democratic presidential nominee, plans to spend election night at her alma mater, Howard University in Washington, D.C., according to three people familiar with the planning.
Canada’s deputy foreign minister confirmed a report Tuesday that Canada is alleging that an Indian Cabinet minister and close adviser to Prime Minister Narendra Modi ordered intelligence-gathering operations targeting Canadians. The Washington Post first reported that Canadian officials alleged Indian Home Affairs Minister Amit Shah was behind a campaign of violence and intimidation targeting Sikh separatists in Canada. Deputy Foreign Affairs Minister David Morrison told Parliament members of the national security committee Tuesday that he was the one who confirmed Shah’s name to the newspaper.
Democratic Congressman Colin Allred is making his last push to secure votes ahead of his Election Day showdown in Texas with Republican Sen. Ted Cruz.
The EU on Tuesday decided to impose hefty tariffs on Chinese-made electric cars after an anti-subsidy probe concluded Beijing's support undercut European automakers. Brussels' probe found that China's state subsidies were unfairly undercutting European automakers.
Rapper Tekashi 6ix9ine was arrested Tuesday on alleged violations of his conditions of supervised release, according to federal authorities.
Paul Pelosi was left unconscious and bleeding after David DePape smashed his skull with a hammer while looking for former House Speaker Nancy Pelosi.
The federal judge presiding over the criminal case of a man charged with trying to assassinate former President Donald Trump declined Tuesday to recuse herself, saying a defense request that she do so was without merit. Lawyers for Ryan Wesley Routh had urged U.S. District Judge Aileen Cannon to step aside, saying her handling of Trump's classified documents prosecution created at least the appearance of bias in favor of the former president and current Republican nominee. Cannon rejected the recusal request, writing Tuesday that she has “no control over what private citizens, members of the media, or public officials or candidates elect to say about me or my judicial rulings” and was not concerned about the political consequences of her rulings.
The United Nations stressed Tuesday that if Israel puts in place new laws cutting ties with the U.N. agency for Palestinian refugees, the Israeli government will have to meet their needs under international law. Secretary-General Antonio Guterres says there is no other U.N. alternative to the agency, known as UNRWA. It has been a lifeline during the Israel-Hamas war in Gaza, and the Israeli legislation “will have a devastating impact on the humanitarian situation” in the Palestinian territories, U.N. spokesman Stephane Dujarric said.
Kamala Harris will hold a rally Tuesday near the White House — the site where Donald Trump spoke on Jan. 6, 2021.
Donald Trump has more than just the presidency on the line Nov. 5 — the outcome of his various legal troubles hinges on the election, as well.
House Speaker Mike Johnson said there will be “massive” changes to health care and Obamacare if Donald Trump and Republicans win the election.
money