America in Brief

Published on November 1, 2024

Elon Musk Can Proceed With $1 Million Giveaway Elon Musk can continue with his $1 million giveaways to U.S. voters, a judge ruled on Oct. 31. Musk had been sued by Philadelphia District Attorney Lawrence Krasner for giving away $1 million cash prizes to voters in swing states who had signed a petition with his America PAC group to say they were in support of the U.S. Constitution. Krasner argued that Musk’s actions amounted to election interference, but a judge has ruled to put the case on hold while a federal judge decides whether or not to take up the case. The swing states in question—Pennsylvania, Georgia, Nevada, Arizona, Wisconsin, Michigan, and North Carolina—are not historically aligned with a political party and could vote either way....

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Pound Weakens, Stocks Fall, and Government Borrowing Costs Rise in Budget Market Reaction

November 1, 2024
Government borrowing costs hit their highest level in over a year, in what analysts said was a sign that markets are responding negatively to the increases in spending announced in Wednesday’s Budget.The FTSE 100 also fell and sterling weakened against the dollar and the euro, after Chancellor of the Exchequer Rachel Reeves unveiled plans that will see state spending increase by £70 billion a year

Enbridge in Talks About Mainline Pipeline Expansion as Canadian Oil Output Grows

November 1, 2024
Enbridge Inc. has begun talks with its customers about expanding its Mainline pipeline network to handle growing volumes of Canadian oil output, the Calgary-based company said Friday.“We have commenced commercial discussions with the industry. We’ve spent the quarter engineering the expansion,” said Colin Gruending, president of liquids pipelines for Enbridge, on a conference call with analysts.Wh