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Voting Rights Act faces a near-death experience at US Supreme Court

by Emma Walker – News Editor October 19, 2025
written by Emma Walker – News Editor

Voting Rights ⁢Act Faces Critical Test at Supreme Court

WASHINGTON, Feb 21 – The landmark ​Voting Rights Act of 1965 is confronting a possibly fatal challenge at the Supreme Court, as justices⁢ hear arguments in Allen v. ‍Milligan concerning Alabama’s congressional map. The case centers on whether Alabama’s map‌ unlawfully diminishes the voting power of Black residents, and the outcome could substantially⁤ weaken a key provision ⁤of the voting rights law used to combat racial discrimination.

The dispute revolves around Section 2 of the Voting Rights Act, which prohibits voting practices or ‌procedures that result in a denial ‌or abridgement of the‌ right of any‌ citizen to ⁢vote on‌ account of race or color. At issue⁤ is whether Alabama’s map, drawn after the 2020 census, violates this provision by failing to create ‌a second congressional district where Black voters would have the opportunity to elect their preferred candidate. A⁢ ruling against Alabama‌ could​ force the state to redraw its map and potentially open the door to similar challenges in othre Southern⁣ states, impacting the balance ⁣of power in Congress.

The case arrives amid growing concerns about voting access and fairness,especially following a 2013 ⁣Supreme ‍Court decision (Shelby County v. ‌Holder) that struck down⁤ a key preclearance formula in‌ the Voting Rights‌ Act. That ruling removed federal ⁣oversight of election laws⁢ in states with a history of discrimination, a change ⁤critics argue has led ⁣to a resurgence of restrictive voting practices. ​

Plaintiffs⁣ argue​ that Alabama’s map packs Black voters into a single district, diluting their influence in surrounding districts. Thay point to the state’s demographics‌ – roughly 27% of alabama’s population is Black – and ‍contend that⁣ two majority-Black⁣ districts are reasonably achievable. “The state of Alabama has consistently refused to recognise the political ⁢power of its ‍Black citizens,” said Evan Milligan,the lead plaintiff in the case,in a statement.

Alabama defends its map, arguing it complies with conventional redistricting principles‍ and that creating a second ⁢majority-Black district would require unconstitutional ⁣racial gerrymandering. Solicitor General ​Edmund LaCour Jr. told the court that ​the⁢ plaintiffs’ proposed map would ⁣”sort voters by race” and that the Voting Rights Act does not require states to maximize the number of majority-minority districts.

Legal experts predict a closely divided court, with the outcome potentially hinging on the views of Justice⁤ Brett Kavanaugh. A ​decision is expected by late June. If ⁣the Court sides with ‍Alabama, it could significantly narrow the scope of Section 2 of the Voting Rights Act, making it more arduous to challenge discriminatory voting maps ‍in the ‍future. Conversely, a ruling ⁤in favor of ⁢the plaintiffs would reaffirm the importance of protecting minority voting rights and could trigger a⁢ wave of‌ redistricting litigation across the South.

October 19, 2025 0 comments
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Business

IMF Sees Uncertainty Amid Trade Tensions, Global Growth Concerns

by Priya Shah – Business Editor October 18, 2025
written by Priya Shah – Business Editor

WASHINGTON, Oct 12 – ⁢international Monetary Fund (IMF) Managing director ⁣Kristalina Georgieva expressed hope on Thursday for a de-escalation⁣ of⁣ tensions⁤ between the United states and​ China, warning that continued‌ friction‌ between the worldS two largest economies poses a meaningful risk to ‍global economic stability.

georgieva’s comments come amid heightened geopolitical ⁤concerns and ongoing ⁤trade ‌disputes, ‍raising fears of ⁤a slowdown in global growth.The IMF⁤ chief emphasized ‌the interconnectedness of the U.S.and Chinese economies, stating⁤ that a further deterioration in thier relationship ‌could disrupt supply chains, dampen ‌investment, and ultimately impact global output. “We are hoping to‍ see easing ⁢of tensions between the US and China,” Georgieva‌ said during a‍ press conference at ‌the IMF’s annual meetings. “Fragmentation… is a major risk to the ​world economy.”

The IMF​ recently lowered its global growth forecast for 2023 to 3.0%, ‍citing factors‍ including the war in Ukraine, high inflation, and tightening‌ monetary policy.Further escalation of ​U.S.-China tensions could exacerbate these challenges,possibly pushing ​the global economy closer⁤ to recession. According to IMF estimates, a significant decoupling of the U.S. and ‌Chinese economies ‌could reduce global GDP by as much as ⁢2.5% in the​ long run.

Georgieva⁢ highlighted the importance of international‍ cooperation in addressing ​global economic challenges. She urged both the U.S. and China to prioritize dialog and find common ground, emphasizing that a stable and ⁤predictable global⁢ economic habitat is crucial for sustainable growth ⁣and⁤ prosperity. The IMF is actively ⁣monitoring the situation⁤ and stands ready to provide policy advice⁣ and support to⁣ its member countries.

October 18, 2025 0 comments
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Technology

Wall St Week Ahead Tests coming for rocky market from Tesla, Netflix and delayed CPI report

by Rachel Kim – Technology Editor October 17, 2025
written by Rachel Kim – Technology Editor

Wall Street ⁢faces a pivotal week as investors brace for earnings reports from Tesla ⁣and Netflix, alongside the release of a delayed Consumer Price Index (CPI)​ report, all against a backdrop of ongoing ‍market volatility.the confluence ‌of ⁣these events will test the resilience ⁣of a market already rattled by concerns over⁢ inflation, interest rate hikes, and slowing economic growth.The upcoming data and corporate ⁤disclosures are⁣ crucial‍ for gauging the⁤ health of⁢ the economy and corporate​ America. A hotter-than-expected CPI reading could ‌fuel fears of further aggressive Federal‍ Reserve tightening,potentially triggering⁤ another sell-off in stocks and⁣ bonds. ⁢Conversely, weaker-than-anticipated data might offer some respite, but could also signal a⁤ deeper economic slowdown. Tesla’s earnings will be closely watched for signs of demand erosion in the electric vehicle market, while Netflix’s subscriber numbers ‍will provide insight into‌ the streaming giant’s ability to navigate increased⁤ competition.

Tesla reports earnings after the close on Wednesday, ⁣with analysts expecting adjusted earnings of 98 cents​ per ​share on revenue of $23.36 billion, according to Refinitiv data. Netflix follows on Thursday, with a consensus estimate of $3.20 per share on revenue⁤ of $8.54 billion. The CPI report, delayed from its usual⁤ Friday release due to the Martin Luther ​King Jr. ‍holiday, is now scheduled for release on Tuesday. Economists forecast a 0.1% increase in the CPI and a 0.3% rise‌ in‌ core CPI.

October 17, 2025 0 comments
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Health

Novo Nordisk shares fall 6% after Trump vows weight-loss drug price cuts

by Dr. Michael Lee – Health Editor October 17, 2025
written by Dr. Michael Lee – Health Editor

Novo Nordisk shares tumbled as much as ​6% on Tuesday​ after‍ former President Donald Trump vowed to seek lower ‌prices for weight-loss drugs like Wegovy and Ozempic if ⁢re-elected. The Danish pharmaceutical giant’s stock experienced its steepest intraday decline ⁣since January, briefly hitting 167.74 Danish crowns.

Trump’s comments, ‌made during a campaign rally in Iowa, targeted Novo Nordisk and Eli‌ Lilly, both major players in‌ the burgeoning weight-loss drug market. The potential for government intervention in drug pricing​ adds uncertainty to a sector already grappling with supply chain⁢ constraints and surging demand, impacting investors, patients, and the broader ⁣healthcare landscape.​ This comes as weight-loss medications are becoming increasingly popular, with⁢ significant implications for public health and the pharmaceutical industry’s revenue streams.

“We’re going to look at the pricing ‌of these drugs,” Trump said,according‍ to reports from the rally.”These are big, big ⁢companies making tremendous amounts of money.” He specifically mentioned Novo Nordisk and Eli lilly, suggesting he would pressure them to lower costs.

The⁢ remarks⁣ sparked immediate concern among investors, who‍ fear potential price controls or other measures that could erode the profitability​ of these blockbuster drugs. Novo Nordisk’s American depositary receipts closed down 5.7% ⁤at ​$154.48 in‍ New ‌York trading.

Demand for Wegovy and Ozempic has soared in recent months,‍ driven by growing ‌awareness of their‌ effectiveness in promoting weight loss and combating obesity-related health issues. Novo Nordisk has struggled to keep up with demand,‌ leading to supply shortages and rationing in‌ some⁢ markets. The company reported sales of 23.2 ‍billion Danish crowns ($3.4 billion) for‌ Wegovy in ⁤the first nine months of 2023.

October 17, 2025 0 comments
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World

US says India halves Russian oil imports, sources say no cuts seen

by Lucas Fernandez – World Editor October 17, 2025
written by Lucas Fernandez – World Editor

US Reports India Halves Russian Oil Imports, Despite Discrepancies

WASHINGTON/NEW ​DELHI, – the United⁣ States government has stated that ⁤India has reduced its imports of Russian oil⁢ by approximately 50% since peaking in 2022, a claim that contrasts​ with assessments ⁤from sources in ​India who report no significant decrease ⁣in ‍purchases. The differing accounts highlight ongoing scrutiny of India’s energy trade relationships amid Western pressure too isolate​ Russia following its ⁤invasion of ⁤Ukraine.

This ​development arrives as the U.S. ⁣and its​ allies continue to seek ways to diminish ⁤Russia’s​ revenue⁣ streams​ fueling ⁢its war effort. India, ‍a major consumer of energy, has maintained trade ties with ‍Russia, citing its need to secure affordable fuel​ for ⁤its growing​ economy. While ‌Western‍ nations have ​imposed sanctions ‍and embargoes, India ⁢has⁢ continued to purchase Russian crude, frequently enough at discounted rates, ⁤sparking debate over its‌ neutrality and the effectiveness of ‍international pressure campaigns.⁣ The discrepancy in ⁣reported import figures raises questions about data clarity and the methodologies used to ⁤track these shipments.

According‍ to a U.S. Treasury Department spokesperson, India’s Russian oil imports have fallen ⁣from high levels seen in 2022, but specific figures​ were not immediately provided. The⁢ spokesperson ‌emphasized the ⁣U.S. is continuing to engage with India ‌on the ​issue, encouraging diversification of energy sources.

However, sources within India’s ⁢oil industry and government, speaking​ on condition of anonymity, ⁣indicated that imports have not ⁤been ‍halved.‌ They‌ stated that while there may have been some fluctuations,‌ India continues‍ to purchase considerable volumes of Russian crude,⁣ leveraging ‌favorable pricing to meet domestic demand. One source noted⁤ that Indian refiners are​ still finding⁤ Russian oil to be economically favorable, despite logistical challenges and potential reputational risks.

India’s position is complicated by ⁣its energy security needs. As the‍ world’s third-largest ‍consumer of ‌oil,‌ India relies ‌heavily on imports to meet its‌ energy demands. Diversifying ​sources is a long-term goal,but affordability remains a key‍ factor. The ‌country has⁤ increased imports from other Middle ⁢Eastern nations and the United States,‍ but Russian oil continues to play a ‍significant role in its energy mix.

The‌ U.S. has previously ⁤expressed concerns about India’s continued​ reliance on ⁤Russian ⁣oil, warning of ​potential risks associated with sanctioned⁢ entities and⁤ circumvention of price ‌caps. The​ latest‌ U.S. assessment suggests a ‍positive shift, ​but​ the‍ conflicting‌ reports from India ⁣underscore the complexities of navigating geopolitical pressures while balancing​ economic ⁢interests. Further data and analysis will be crucial to determine the‍ true extent of any reduction in India’s Russian oil imports and its ​impact on both countries’ energy strategies.

October 17, 2025 0 comments
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Business

China September bank loans rise less than expected as weak credit demand persists

by Priya Shah – Business Editor October 16, 2025
written by Priya Shah – Business Editor

China‘s Bank Loan ‌Growth Slows in September, Signaling Persistent⁤ Weak Demand

BEIJING, Oct. 13 – New bank loans in⁢ China rose at a slower-than-expected pace in September, indicating continued‍ weakness in credit demand despite government⁢ efforts to stimulate the⁢ economy. The increase ‍underscores ongoing⁣ challenges in bolstering growth as‌ concerns ‍mount over the property sector adn broader economic ‍outlook.

Chinese banks extended 1.39⁤ trillion‌ yuan ⁢($190.73 billion) ⁤in​ new yuan loans in September, according to data‌ released by the People’s Bank of China (PBOC) on Friday.‍ This ⁢figure falls short of the 1.55 trillion yuan forecast‌ by analysts ‌in a Reuters poll and compares to 1.48 ‌trillion yuan issued in August. The slowdown suggests that businesses and consumers remain hesitant ⁤to take ‍on new debt, even as the PBOC ⁢has implemented various easing measures, including cuts to key interest rates and reserve requirement ratios.

The data reveals a broader⁣ trend of cautious lending. aggregate financing to the real economy – a more extensive measure of ‌credit – increased 309.4 billion yuan in September, down ​from‌ 346.4 billion yuan the previous month. This includes corporate bonds, bank bills, ⁣and othre forms of ​financing.⁣

Mortgage loans, ⁤a ⁣key indicator of the health of the property market,⁢ continued⁣ to struggle. new home sales have been ​declining, ​and developers face mounting​ debt pressures. The PBOC‌ data showed that 581.6 billion yuan in‌ household ⁤loans were issued in September,of which ⁤498.3 billion yuan were mortgage‍ loans.

Analysts say the weaker-than-expected loan growth highlights the ‌need for more targeted‍ and forceful policy support ⁤to revive credit demand and bolster economic activity. The PBOC‌ is⁢ expected to‍ maintain its accommodative monetary policy stance in‍ the coming⁤ months, but the effectiveness of these measures will depend on restoring confidence among businesses and consumers. The next key data release⁣ will ⁣be‍ October’s figures,which will provide further insight into the⁢ trajectory of ​china’s credit growth and its ⁢impact on the overall economy.

October 16, 2025 0 comments
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