March 14, 2025

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Finance

Olympics and OnlyFans: Some Paris athletes say they face a ‘broken’ finance system

PARIS (AP) — Dire financial straits are leading droves of Olympic athletes to sell images of their bodies to subscribers on OnlyFans — known for sexually explicit content — to sustain their dreams of gold at the Games. As they struggle to make ends meet, a spotlight is being cast on an Olympics funding system

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Investors

Stock market today: Wall Street slides lower in premarket as Big Tech earnings underwhelm investors

Markets on Wall Street logged losses in early trading Wednesday as the tech sector was dragged down by some uninspiring earnings from high-profile companies. Futures for the S&P 500 slipped 0.9% before the bell and futures for the Dow Jones Industrial Average fell 0.5%. The tech-heavy Nasdaq tumbled 1.3%. Electric vehicle maker Tesla’s second-quarter net

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Finance

Kenya’s president says he won’t sign the finance bill that led protesters to storm the parliament

NAIROBI, Kenya (AP) — Kenya’s president said Wednesday he won’t sign into law a finance bill proposing new taxes that prompted thousands of protesters to storm the parliament the previous day, leaving several people killed as police opened fire. It was the biggest assault on Kenya’s government in decades. The government wanted to raise funds

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Finance

Here’s what led Kenyans to burn part of parliament and call for the president’s resignation

KAMPALA, Uganda (AP) — Kenya’s president came to power by appealing to the common people, describing himself as a “hustler” and vowing relief from economic pain. But Tuesday’s deadly chaos in the capital, Nairobi, shows how far support for him has turned. Part of parliament burned as protesters rushed in and lawmakers fled. Bodies lay

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Finance

Thousands in Kenya demonstrate against proposed new taxes

NAIROBI, Kenya (AP) — Thousands of mostly young people demonstrated Thursday in Kenya’s capital and across the country against new tax proposals by the administration of President William Ruto in its annual budget legislation. The protests brought Nairobi’s central business district to a standstill as horse-riding riot police threw tear-gas cannisters and opened water cannons

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Loans

Nigeria bets on a new $2.25B World Bank loan to support reforms that have resulted in hardship

ABUJA, Nigeria (AP) — The World Bank has approved a $2.25 billion loan for Nigeria to shore up revenue and support economic reforms that have contributed to the worst cost-of-living crisis in many years for Africa’s most populous country. The bank said in a statement late Thursday that the bulk of the loan — $1.5

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Loans

G7 leaders agree to lend Ukraine billions backed by Russia’s frozen assets. Here’s how it will work

WASHINGTON (AP) — Leaders of the Group of Seven wealthy democracies have agreed to engineer a $50 billion loan to help Ukraine in its fight for survival. Interest earned on profits from Russia’s frozen central bank assets would be used as collateral. Details of the deal were being hashed out by G7 leaders at their

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Property

With home prices up more than 50%, some states try to contain property taxes

For retirees Tom and Beverly McAdam, the good news is the value of their two-bedroom home in suburban Denver has risen 45% since they purchased it more than six years ago. That’s also the bad news, costing them thousands more in real estate taxes and leaving less for discretionary spending. “To pay the higher property

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Investment

Everton faces uncertain future after proposed sale to investment firm 777 Partners falls through

LONDON (AP) — Storied Premier League club Everton faces an uncertain future after a proposed takeover by American investment firm 777 Partners collapsed on Saturday. The Miami-based private investment firm reached a deal in September to buy out Everton’s majority shareholder, Farhad Moshiri, who has a 94.1% stake. But the club said in a statement

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Crypto

Biden blocks Chinese-backed crypto miner from land ownership

WASHINGTON (AP) — President Joe Biden on Monday issued an order blocking a Chinese-backed cryptocurrency mining firm from owning land near a Wyoming nuclear missile base. The order forces the divestment of property operated as a crypto mining facility near the Francis E. Warren Air Force Base. It also forces the removal of certain equipment

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