US AND CANADA

TESLA SHARES SLIDE AS TRUMP TARGETS MUSK'S FEDERAL SUBSIDIES

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A fresh wave of political tension between President Donald Trump and Elon Musk sent shockwaves through the market on Tuesday, knocking Tesla shares down by over 4%. The drop followed Trump's public call to review and potentially slash federal subsidies that have long supported Musk's ventures.

TRUMP CRITICISED FOR COMPARING IRAN STRIKES TO JAPAN ATOMIC BOMBING

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Japan has criticized US President Donald Trump for equating recent US strikes on Iran to the atomic bombings of Hiroshima and Nagasaki that ended World War II. "That hit ended the war," Trump said on Wednesday, adding, "I don't want to use an example of Hiroshima, I don't want to use an example of Nagasaki, but that was essentially the same thing."

LULULEMON TAKES LEGAL ACTION AGAINST COSTCO OVER ALLEGED PRODUCT KNOCK-OFFS

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Lululemon, the renowned athletic and lifestyle apparel company, has initiated legal proceedings against Costco, accusing the wholesale giant of unlawfully selling counterfeit versions of its popular merchandise. Filed in a California court, the lawsuit alleges that Costco's private label, Kirkland, along with products from manufacturers Danskin, Jockey, and Spyder, are infringing on Lululemon's intellectual property rights.

ECUADOR'S MOST WANTED DRUG LORD FOUND IN HIDDEN BUNKER

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Adolfo Macías Villamar, known as "Fito," one of Latin America's most dangerous drug lords, has been captured in a joint security operation that ended his six-month flight from justice. The 45-year-old leader of the Los Choneros gang was arrested early Wednesday beneath a luxury mansion in Manta, Ecuador, in what authorities called a "silent but decisive victory."

PRADA ACKNOWLEDGES INDIAN ROOTS OF SANDALS

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Italian fashion house Prada has acknowledged the Indian origins of its new footwear line following a controversy in India. The sandals, which were showcased at Milan Fashion Week last week, feature an open-toe braided design closely resembling traditional Kolhapuri sandals from the Indian states of Maharashtra and Karnataka.

TRUMP URGES ISRAEL TO DROP NETANYAHU CORRUPTION CASE

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US President Donald Trump has urged Israel to either "pardon" or drop the corruption case against Prime Minister Benjamin Netanyahu, who is on trial. In a social media post, Trump also claimed the US had "saved" Israel and would now also "save" Netanyahu. Netanyahu denies charges of bribery, fraud, and breach of trust, and has been on trial since 2020.

IRAN HOLDS MASS FUNERAL FOR MILITARY LEADERS AND SCIENTISTS KILLED IN CONFLICT WITH ISRAEL

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Tehran's streets turned solemn on Saturday as tens of thousands mourned the deaths of 60 Iranians, including senior military commanders, nuclear scientists, and civilians, in a state funeral that marked the devastating toll of the 12-day war with Israel. The procession, dubbed the "Martyrs of Power", unfolded near Azadi and Enghelab Squares, where flag-draped coffins were paraded through a sea of black-clad mourners.

BUMBLE TO LAY OFF ALMOST A THIRD OF ITS WORKFORCE

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Bumble CEO Whitney Wolfe Herd announced the dating app will lay off nearly a third of its workforce, citing an "inflection point" in the dating industry and pressures facing the company. In a note to staff, Wolfe Herd said the move is necessary to "restructure to build a company that's resilient, intentional, and ready for the next decade," as Bumble struggles to grow and investors lose confidence.