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Ex-New Jersey Gov. Chris Christie planning to launch GOP presidential campaign next week

Published Wed, 26 Feb 2025 05:45:54 GMT

NEW YORK (AP) — Former New Jersey Gov. Chris Christie is expected to launch a Republican presidential campaign next week in New Hampshire.Christie, who also ran in 2016, is planning to make the announcement at a town hall Tuesday evening at Saint Anselm College’s New Hampshire Institute of Politics, according to a person familiar with his thinking who spoke on condition of anonymity to confirm Christie’s plans.The timing, which was first reported by Axios, comes after several longtime Christie advisers started a super political action committee to support his expected candidacy.The Associated Press had previously reported that Christie was expected to enter the race “imminently.”Christie has cast himself as the only potential candidate willing to aggressively take on former President Donald Trump, the current front-runner for the nomination. Christie, a former federal prosecutor, was a longtime friend and adviser to Trump, but broke with Trump over his refusal to accept ...

Zimbabwe’s Mnangagwa sets election date as Aug. 23

Published Wed, 26 Feb 2025 05:45:54 GMT

HARARE, Zimbabwe (AP) — Zimbabwe’s national elections will take place on Aug. 23, the country’s president announced Wednesday. The vote is expected to be another closely watched affair in a country with a history of violent and disputed elections.The announcement through a government gazette also set Oct. 2 for a presidential runoff vote if required.Opposition parties have already made allegations of violence and intimidation against their supporters in the buildup to the elections, and human rights groups have said President Emmerson Mnangagwa is silencing criticism.The southern African nation has only had two leaders since it gained independence from white minority rule in 1980. Robert Mugabe led Zimbabwe for 37 years until he was removed and replaced by Mnangagwa in a coup in 2017. Mnangagwa had served as a vice president under Mugabe.The last general election was held in 2018, nearly a year after the coup.Once a close ally of Mugabe, Mnangagwa, 80, has tried to prese...

Stock market today: Wall Street joins worldwide slump

Published Wed, 26 Feb 2025 05:45:54 GMT

NEW YORK (AP) — Stocks are slipping on Wall Street as a frenzy around artificial intelligence runs out of steam and worries rise about the strength of the global economy. The S&P 500 was 0.3% lower in early trading Wednesday. The Dow and the Nasdaq composite had similar declines. Markets in Asia fell even more following discouraging data on manufacturing from China. The world’s second-largest economy has not been rebounding as strongly as many investors had hoped. Wall Street has been able to weather such concerns recently, largely because of big gains for big tech companies and others getting swept up in the buzz around AI.THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.Wall Street dipped early Wednesday along with global stock markets ahead of a vote by the U.S. Congress to avert a government debt default, while a downturn in Chinese factory activity deepened, another indication that the global economy is slowing. Futures for the benchmark S&P 500 fell 0.4...

Ex-UN head Ban calls for more diplomatic pressure on Myanmar’s military leaders

Published Wed, 26 Feb 2025 05:45:54 GMT

SEOUL, South Korea (AP) — Former U.N. Secretary-General Ban Ki-moon said Wednesday that he was communicating with authorities in military-run Myanmar as well as members of the armed resistance following a surprise visit to the country last month, and called for more diplomatic pressure on the ruling generals to end the violence. Ban did not specify the nature of those communications and declined to disclose the details of his conversations with military leaders during their April meetings. He was speaking at a Seoul news conference along with other members of The Elders, a group of senior statesmen engaging in peacemaking and human rights initiatives around the world.“I am in close contact with all those people to do as much as we can do to help them democratize Myanmar,” Ban said.He said he was still communicating with Myanmar authorities, the president of Indonesia — who holds the rotating chair of the 10-member Association of Southeast Asian Nations — and Myanmar’s National...

Unprecedented string of Nova Scotia wildfires still burning after four days

Published Wed, 26 Feb 2025 05:45:54 GMT

HALIFAX — As an unprecedented string of wildfires in Nova Scotia continued to burn out of control for a fourth day, fire officials were hoping for a break in the dry, windy weather.But that probably won’t happen until Friday night at the earliest, according to the latest forecast.And while municipal officials had talks Tuesday about allowing some of the 16,000 people evacuated from their Halifax-area residences to return home, deputy fire Chief David Meldrum made it clear today that wasn’t about to happen.He says the fire northwest of the port city’s downtown could flare up again because of the weather.Wind gusts today from the southwest were expected to reach 25 kilometres per hour, and the temperature was forecast to rise to about 25 C, with the humidity remaining very low at around 20 per cent.Meldrum says that under those conditions, the fire could quickly grow and spread, which is why the 100-square-kilometre evacuation zone will remain in place.The deputy chief say...

CAE reports fourth-quarter profit and revenue up from year ago

Published Wed, 26 Feb 2025 05:45:54 GMT

MONTREAL — CAE Inc. reported its fourth-quarter profit rose compared with a year ago as its revenue climbed more than 30 per cent.The flight simulator company says it earned net income attributable to equity holders of $98.4 million or 31 cents per diluted share for the quarter that ended March 31, up from $55.1 million or 17 cents per diluted share a year earlier.Revenue in the quarter totalled $1.26 billion, up from $955.0 million in the same quarter last year.The increase came as CAE says its civil revenue totalled $661.4 million in the quarter, up from $432.7 million a year earlier, while its defence and security revenue amounted to $536.0 million, up from $469.5 million. Health care revenue totalled $59.1 million, up from $52.8 million a year earlier.On an adjusted basis, CAE says it earned 35 cents per share, up from an adjusted profit of 17 cents per share a year earlier.Analysts on average had expected an adjusted profit of 34 cents per share, according to estimates compiled...

Jaguar recalls I-Pace electric vehicles due to fire risk in batteries made by LG Energy Solution

Published Wed, 26 Feb 2025 05:45:54 GMT

DETROIT (AP) — Jaguar is recalling more than 6,000 I-Pace electric SUVs in the U.S. due to the risk of the high-voltage battery overheating and catching fire. The recall is the latest in a series of electric vehicle battery recalls because of the potential for fires. Documents posted Wednesday by the U.S. National Highway Traffic Safety Administration say the recall covers all of the SUVs from the 2019 through 2024 model years.The documents say the vehicle batteries were made by LG Energy Solution, which is under investigation by the NHTSA after five automakers issued recalls due to possible defects that could cause fires or stalling.The NHTSA opened the probe in April of 2022 covering more than 138,000 vehicles with the South Korean company’s lithium-ion batteries. General Motors, Mercedes-Benz, Hyundai, Stellantis and Volkswagen have issued recalls since February of 2020, most due to internal battery failures that can increase the risk of fires.The agency says it will write ...

German inflation slows to 6.1% in May, though food prices are still surging

Published Wed, 26 Feb 2025 05:45:54 GMT

BERLIN (AP) — German inflation eased to 6.1% in May following several months of declines, even as Europe’s biggest economy registered another painful increase in food prices of nearly 15%.Preliminary figures show that the annual inflation rate was lower than the 7.2% registered in April, the Federal Statistical Office said Wednesday. In February, it stood at 8.7%.Increases in energy prices, which drove inflation immediately after Russia’s invasion of Ukraine last year, were much lower in May at 2.6% — in part because of the sharp rises a year earlier and government efforts to offset their impact. Those measures include the introduction of a ticket that allows people to use local and regional public transport across Germany for 49 euros ($52.50) per month. That ticket has been available since May 1, and about 10 million people have bought it so far, according to the VDV group, an association of transport companies.Food prices now are driving inflation, although the annual...

ERCOT introducing campaign to communicate grid conditions

Published Wed, 26 Feb 2025 05:45:54 GMT

AUSTIN (KXAN) -- On Wednesday, the Electric Reliability Council of Texas will introduce a new campaign it's launching to communicate grid conditions. ERCOT President and CEO Pablo Vegas will hold a virtual press conference at 10:30 a.m. to present the new campaign ERCOT is launching to "deliver clear and reliable messaging to all Texans around grid operations and conditions."There is already a way to check operating reserves and grid conditions online. How you can check Texas power grid conditions In February, ERCOT unveiled a 6-day forecast tool on the Supply and Demand dashboard that provides Texans with an extended view of upcoming grid conditions. This is a developing story. Check back for updates.

Rockdale shooting, standoff ends with arrest

Published Wed, 26 Feb 2025 05:45:54 GMT

ROCKDALE, Texas (FOX 44) - UPDATE: The suspect in the Rockdale standoff is now in custody.According to Milam County Sheriff Mike Clore, law enforcement will remain on scene for a short period. Travelers should still find alternate routes.This comes after multiple injuries were reported in a shooting which turned into a standoff. Rockdale Police and other law enforcement responded to the shooting on Tuesday night - which turned into a standoff lasting into the early morning hours on Wednesday. Second arrest made in Rockdale apartment complex murder According to Clore - residents were told to avoid the area of Murray Avenue, between Bowser Street and Wilcox, and College Street, from Murray Avenue to Belton. Officers from a number of different area law enforcement agencies responded to the scene. A police unit was seen at Cameron Street and Wilcox just before 5 a.m. Wednesday.This is a developing story. FOX 44 News will have more information as it becomes available.