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The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021.

GM Affirms 2022 Profit Outlook But Net Income Sinks; Shares Drop

General Motors Co on Tuesday reaffirmed its full-year profit outlook on an expected surge in demand and said it was curbing spending and hiring ahead of a potential economic slowdown, but a 40% drop in its quarterly net income disappointed, sending shares lower in premarket trading.
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Steven Lopez, a co-defendant of the Central Park Five case, departs Supreme Court after being exonerated in New York City, New York, U.S., July 25, 2022.

Sixth Boy Charged In Central Park Jogger Case Is Exonerated

A long overlooked co-defendant of the Central Park Five, a group of Black and Latino teenagers wrongly convicted of raping a white woman jogger in 1989 based on false confessions, was exonerated of a related conviction by a New York judge on Monday.
A woman sits on an empty domestic cooking gas cylinder at a distribution centre, amid the country's economic crisis, in Colombo, Sri Lanka, July 23, 2022.

Sri Lanka To Restrict Fuel Imports For Next 12 Months

Sri Lanka will restrict fuel imports for the next 12 months because of a severe shortage of foreign exchange, its energy minister said on Monday, as the island nation's new government seeks to find a way out of a crippling economic crisis.

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