German Chancellor Angela Merkel was re-elected to a fourth term as head of the government of Europe's biggest economy, but a shift to the right among voters suggests that putting together a ruling coalition could be challenging. Merkel's Christian Democratic Union and its sister party in Bavaria remained the biggest voting bloc in parliament, but the extreme-right Alternative for Germany became the third-largest party in the Bundestag.
Kroger launched a website on Friday that invites local suppliers to pitch their products directly to store buyers, a bid to expand the availability of regional products as competitor Whole Foods Market scales back its local offerings. Although Kroger already offers regional products in 35 states, the company is hoping to grow the program with its new web-based platform.
The UK and EU must agree on how Britain will settle its financial obligations to the EU before British Prime Minister Theresa May's proposal for a two-year post-Brexit can be discussed, said Michel Barnier, the EU's Brexit negotiator. Until there is significant progress on a financial agreement and other key issues, the EU will refuse to talk about a transition period after Brexit, he said.
Japanese Prime Minister Shinzo Abe instructed his Cabinet to start putting together an economic stimulus package that calls for $17.8 billion in spending. He said the initiative will emphasize encouraging business investment, extra funding for education and helping to cover the cost of child care.
Hurricane Maria's path could lead to heavy wind and rip currents along the East Coast by the midweek, with North Carolina potentially facing the greatest risk. Maria caused power outages that could last for months in Puerto Rico, where damaged hospitals are running on generators.
A bipartisan bill named the Boost Saving for College Act has been introduced in the Senate, with the aim of helping families save for their children's college education without becoming overburdened by debt. Tax credits for low- and middle-income families, incentives for employers to match employee contributions to college-saving plans and allowing unused savings to be rolled over into a Roth IRA are among the bill's proposals.
A recent survey shows that 80% of Americans have heard of cryptocurrencies such as bitcoin, yet few know whether the currency is legal. Experts have pointed out that the cryptocurrency market is highly speculative, immature and subject to volatility, with one academic estimating that 90% of current investment will be lost.
Frida, a Labrador retriever, has rescued more than 52 people in the wake of deadly earthquakes in Mexico, becoming famous in the process. Frida, who belongs to the Mexican navy, wears goggles, a khaki harness and booties to do life-saving work.
JPMorgan Chase and Citibank are the two most popular banks that customers switch to when looking for a new financial institution, a Brand Finance study finds. JPMorgan CEO Jamie Dimon's willingness to speak on controversial issues and Citi's "Make It Here" campaign have likely helped the banks win over customers, Tanya Gazdik writes.
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