Hurricane Rafael knocks out power in Cuba, weeks after nationwide blackout
Cuba was without power nationwide for the second time in just weeks, as Hurricane Rafael made landfall on Wednesday afternoon.
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Foreign automaker stocks slide on Trump tariff fears
Stock prices of foreign automakers fell sharply Wednesday amid concerns the U.S. will hike tariffs on imported vehicles under President-elect Donald Trump.
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Coinbase CEO Brian Armstrong is more than $2 billion richer after post-election stock pop
Coinbase’s success in helping its candidates win their elections on Tuesday sent the company’s stock price soaring, lifting CEO Brian Armstrong’s net worth.
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Qualcomm pops 10% on chipmaker’s earnings and revenue beat
Qualcomm reported fourth-quarter earnings on Wednesday that beat Wall Street expectations for earnings and revenue, and guided to a strong December quarter.
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Lokayukta quizzes Sidda in MUDA case for 2 hrs, BJP calls it ‘scripted’
Karnataka Chief Minister Siddaramaiah was questioned by the Lokayukta for two hours in connection with a land allotment case. The case involves the alleged irregular allotment of land to his wife. Siddaramaiah denied any wrongdoing and called the allegations false. The BJP criticized the investigation, calling it ‘scripted’ and demanding a CBI probe.
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SC: LMV licence can be used to drive transport vehicles
The Supreme Court has simplified driving license regulations, stating that a license for light motor vehicles (LMVs) is sufficient to drive transport vehicles weighing under 7,500 kg. This ruling clarifies a long-standing ambiguity and prevents insurance companies from denying compensation on technical grounds. The court acknowledged the need for comprehensive amendments to the Motor Vehicles…
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Government nod must for PMLA case on public servant: SC
In a landmark ruling, the Supreme Court mandated government approval before prosecuting public servants in money laundering cases. The court asserted that the Prevention of Money Laundering Act doesn’t supersede the Criminal Procedure Code’s requirement for prior sanction. This decision aims to safeguard honest officials from unwarranted prosecution, ensuring they are not penalized for actions…
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SC notice to UP, Uttarakhand on gender discriminatory laws
The Supreme Court has requested responses from the Uttar Pradesh and Uttarakhand governments regarding a petition challenging gender-biased inheritance laws. The petition highlights provisions that deny daughters their rightful share of parental property after marriage and widows their share in matrimonial property upon remarriage. The court seeks clarification on whether marital status should determine a…
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No encroachment razing without due process: SC
The Supreme Court has issued a nationwide ban on the use of bulldozers by state and Union government authorities to demolish encroachments or illegal constructions for road projects without following due process. The court condemned the Uttar Pradesh government for demolishing a house for a road-widening project without proper notice or compensation, calling for an…
