Author: Press Room
American and Ukrainian military leaders are searching for a new strategy that they can begin executing early next year to revive Kyiv’s fortunes and flagging support for the country’s war against Russia, according to U.S. and Ukrainian officials.The push for a fresh approach comes after Ukraine’s monthslong counteroffensive failed in its goal of retaking territory lost to the invading Russian army and after weeks of often tense encounters between top American officials and their Ukrainian counterparts.President Volodymyr Zelensky of Ukraine arrived in Washington on Monday for hastily arranged meetings this week with President Biden and Congress to discuss the way…
According to some of his neighbors, Jeff Bezos is not very neighborly. He’s not a bad neighbor: He doesn’t insult anyone, fail to mow his lawn, or have loud house parties.Rather, residents in the tony enclave of Hunts Point, a wealthy suburb of about 400 people just outside Seattle, say he’s just kind of a ghost.They found:Bezos, whose colossal gates are nearly always closed, according to that same resident, is himself rarely seen.”He’s not much of a neighbor,” said one resident. “He’s so busy with all this national stuff.”He never seemed to live on Hunts Point full time, two neighbors…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.An Italian court has reversed convictions for market manipulation and false accounting against Monte dei Paschi di Siena’s former top management, dealing a blow to the prosecution of one of the most high profile financial crime cases.On Monday the Milanese appeals court ruled that no crime was committed, overturning a 2020 ruling. Shares rose as much as 4 per cent in Milan after the ruling.Three years ago Alessandro Profumo, the bank’s chair between 2012 and 2015, and its former chief executive Fabrizio…
2/2 © Reuters. FILE PHOTO: Customers buy fruits and vegetables at an open air evening market in Ahmedabad, India, August 21, 2023. REUTERS/Amit Dave/File Photo 2/2 By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Inflation data from India and Japan dominate the Asian calendar on Tuesday, with investors expecting contradictory signals – a significant cooling in Japanese wholesale inflation, and the first rise in Indian consumer inflation since July. These indicators come just hours ahead of the latest reading of U.S. CPI inflation, and a few days after figures from Beijing showed that China’s…
© Reuters. FILE PHOTO: Artificial Intelligence words are seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration By Supantha Mukherjee and Foo Yun Chee STOCKHOLM/BRUSSELS (Reuters) – Days after EU countries and lawmakers agreed on a provisional deal on artificial intelligence rules, experts from both sides are meeting on Tuesday to hammer out details, according to three sources familiar with the matter. Over 11 scheduled technical meetings beginning on Tuesday, government officials and aides of lawmakers will hash out specific details such as the scope of the laws and how they will work, two of the sources said. They…
Apollo Tactical Income Fund declares $0.133 dividend
Democratic Rep. Sheila Jackson Lee, who recently lost a landslide runoff election for Houston mayor, has filed for re-election to serve a 16th term as a congresswoman.Jackson Lee filed paperwork Sunday evening to run again to represent Texas’s 18th congressional district, the Houston Chronicle reported, a seat that she has held since 1995.Jackson Lee lost her bid to become Houston’s mayor on Saturday by a margin of 65% to 34% to John Whitemire about a month after she was involved in a controversy where she was caught on audio tape berating her staff using profane language.Whitmire appeared to take a…
Jeff Bezos announced that he’s moving to Miami after 29 years in Seattle. He snapped up two mansions in the city’s “billionaire bunker” and leaves behind eight properties in Washington. He has a massive real estate portfolio and is the 24th-largest landowner in the US, per The Land Report. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Amazon founder Jeff Bezos has amassed a real estate portfolio that rivals that of some of America’s most famous property owners. He’s the 24th-largest landowner in the…
Stay informed with free updatesSimply sign up to the US financial regulation myFT Digest — delivered directly to your inbox.The writer is a former chair of the US Federal Deposit Insurance Corporation and is a senior adviser to the Systemic Risk CouncilThe late, great Charlie Munger once said that derivatives trading desks made witch doctors look good. That was certainly true of credit default swaps, used by banks to circumvent capital requirements in the run-up to the 2008 financial crisis. Unbelievably, as regulators now propose further toughening of capital rules through the “Basel III End Game”, banks want more leeway…
© Reuters. People walk past a Zara shop window at Passeig de Gracia in Barcelona, Spain, December 11, 2023. REUTERS/ Albert Gea/File Photo By Corina Pons and Helen Reid MADRID/LONDON (Reuters) -Zara pulled an advertising campaign featuring mannequins with missing limbs and statues wrapped in white from the front page of its website and app on Monday after it prompted calls by some pro-Palestine activists for a boycott of the fashion retailer. Inditex (BME:), which owns Zara, said the change was part of its normal procedure of refreshing content. It did not comment on the boycott calls, but said the…