Author: chicagoinquirer

by Isaac Anyaogu LAGOS – Fuel queues lengthened across major Nigerian cities on Monday after state-oil company Nigerian National Petroleum Corp. faced problems supplying gasoline to local traders and depots. Last year President Bola Tinubu’s government opened up gasoline imports to private companies but foreign currency shortages and a cap on the price of petrol has mean that NNPC remains the only importer. Nigeria’s new Dangote Refinery is yet to start processing gasoline. “The NNPC Ltd wishes to state that the tightness in fuel supply and distribution witnessed in some parts of Lagos and the Federal Capital is as a…

by Savyata Mishra CHICAGO – McDonald’s reported a surprise drop in sales worldwide on Monday, its first decline in 13 quarters, as deal-seeking consumers shy away from higher priced menu items, including Big Macs. Persistent inflation has forced lower-income consumers to shift to more affordable food options at home. That has led fast food chains such as McDonald’s, Burger King, Wendy’s and Taco Bell to lean on value meals to spark customer traffic. McDonald’s shares, which are down 15% this year, rose 4% in early trading after company executives said the $5 meal deal that was launched late in June…

by Karolos Grohmann PARIS -Serbia’s top-seeded Novak Djokovic overcame a brief bout of nerves in the second set before beating 14-times French Open champion Rafael Nadal 6-1 6-4 at the Paris Olympics on Monday and moving into the third round. While Djokovic remains in the hunt for his elusive Olympic gold, Spain’s Nadal now has only the doubles competition left to add to his two Olympic gold medals, partnering Carlos Alcaraz. Djokovic, who has won 24 Grand Slam singles titles to Nadal’s 22, left nothing to chance in a flawless display over a set and a half. The world number…

by Andrea Shalal WASHINGTON -President Joe Biden on Monday proposed sweeping changes to the U.S. Supreme Court, including term limits and a binding code of conduct for its nine justices, but a deeply divided Congress means the proposals have little chance of enactment. Biden called for the revamp, as well a constitutional amendment to eliminate broad presidential immunity recognized in a July 1 Supreme Court ruling involving former President Donald Trump, in an opinion piece published in the Washington Post. Biden is due to deliver a speech at the presidential library of former President Lyndon B. Johnson in Austin, Texas,…

by Bhargav Acharya and Tannur Anders JOHANNESBURG -Former South African president Jacob Zuma has been expelled from the African National Congress after backing a rival party in May’s parliamentary election, the ANC said on Monday. Zuma was suspended from his long-time party in January after announcing he would support the new uMkhonto we Sizwe (MK) in the general election. He later became the leader and face of MK. MK did better than expected in the poll and won about 15% of the vote, a major factor in the ANC’s loss of its majority for the first time since the apartheid…

by Angelica Medina LILLE, France -Defending champions the United States won their Group C opener against Serbia 110-84 in front of an ecstatic crowd in one of the most anticipated games of the Olympic men’s basketball tournament at the Pierre Mauroy stadium on Sunday. Serbia started well and refused to buckle under the pressure of the Americans, with the NBA’s Denver Nuggets and silver medallist Nikola Jokic leading the way by making 20 points. But the fluidity of coach Steve Kerr’s U.S. team and their potent combination of old stalwarts Lebron James, Kevin Durant and Steph Curry with newcomers Anthony…

by Dawn Chmielewski (Reuters) -Warner Bros Discovery and its sports division, Turner Broadcasting System, filed a lawsuit on Friday against the National Basketball Association in New York over the league’s rejection of its matching bid for media rights. The media company accused the NBA’s refusal to honor its right to match offers from a third party violates its agreement with Turner. “We strongly believe this is not just our contractual right, but also in the best interest of fans who want to keep watching our industry-leading NBA content,” TNT Sports said in a statement. NBA spokesman Mike Bass said Warner…

By David Lawder BELEM, Brazil – Treasury Secretary Janet Yellen said on Saturday that the global transition to a low-carbon economy requires $3 trillion in new capital each year through 2050, far above current annual financing, but that filling the gap is the biggest economic opportunity of the 21st century. Yellen said in Belem, Brazil’s Amazon gateway city, that reaching net-zero emissions goals remained a top priority for the Biden-Harris administration and this would require leadership far beyond U.S. borders. “Neglecting to address climate change and the loss of nature and biodiversity is not just bad environmental policy. It is…

by Rory Carroll and Karen Braun PARIS – Simone Biles experienced pain in her left calf on the first day of the women’s gymnastics competition at the Paris Olympics on Sunday but the American never considered aborting any of her four apparatus routines, her coaches said. Biles, a four-time Olympic gold medallist competing in her third Games, was seen limping at times during the qualifying competition and also as she walked past reporters after she had powered the U.S. to the top of the team standings at the Bercy Arena. “Just a little pain in her calf,” U.S. coach Cecile…

By Kanishka Singh WASHINGTON -U.S. Vice President Kamala Harris’s election campaign said on Sunday it has raised $200 million and signed up 170,000 new volunteers in the week since she became the Democratic Party’s presidential candidate. President Joe Biden ended his reelection bid on Sunday last week and endorsed Harris for the Nov. 5 vote against Republican former President Donald Trump. “In the week since we got started, @KamalaHarris has raised $200 million dollars. 66% of that is from new donors. We’ve signed up 170,000 new volunteers,” Harris’ deputy campaign manager, Rob Flaherty, posted on X. Polls over the past…