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Flooding from days of heavy rain in southern China has killed 39 people

BEIJING (AP) — Authorities in southern China said Thursday that 39 people died in flooding after a tropical storm dumped heavy rainfall, as the country’s east coast and Taiwan prepared for a typhoon expected to make landfall in the coming days. Most of the deaths were in Hengzhou, where the partial collapse of a reservoir dam sent torrents of water into the city and claimed 26 lives, said Ding Wei, the vice mayor of Nanning city, which has jurisdiction over the area. Nine people remained missing in the broader Guangxi region. Tropical Storm Maysak brought record rainfall to ...

FDR’s 4th term, 1944

AP Photo/Eugene Abbott This is a copy of the letter from President Franklin D. Roosevelt to Democratic chairman Robert E. Hannegan, in which the president said he would accept renomination and serve a fourth term if elected, date July 10, 1944. The letter was made public July 11.

Microsoft cuts 4,800 jobs, including many at Xbox in a ‘reset’ of its gaming division

REDMOND, Wash. (AP) — Microsoft is cutting 4,800 jobs, about 2.1% of its global workforce, including a large number of workers at its Xbox video game business. The layoffs included 1,600 Xbox workers, with more to come this year in a broader reorganization designed to “reset” Xbox as it faces heightened competition, the company said Monday. “Our business today is not healthy,” said a memo from Xbox CEO Asha Sharma, who took over the gaming division earlier this year. “We are operating at margins that are 3-10x lower than comparable platform and publishing ...

Polymarket is in a high-stakes race to win back trust as it recommits to the US market

NEW YORK (AP) — After four years in exile, the prediction market platform Polymarket has begun a well-funded campaign to sell a new version of itself to the American public. To do so, the company is trying to convince policymakers, regulators, the public and prospective customers that the business it is building onshore is a more disciplined operation than the freewheeling offshore exchange that has at times been the subject of unfavorable headlines. Polymarket has hired social media influencers to produce viral marketing on TikTok and other platforms. Its account on X, formerly ...