Author: Press Room
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.China is making an aggressive push to tie up global uranium supply amid a worldwide rush to secure nuclear fuel, warned the boss of Yellow Cake, a London-listed investment vehicle for the radioactive commodity.André Liebenberg, chief executive of the Aim-traded company, said the west was lagging behind in securing uranium after prices hit a 15-year high and as Chinese firms purchase supplies on the open market, sign long-term contracts and buy up mines.“Any mineral they need, they will look to tie up,”…
NEW YORK – Financial markets are on edge as they await the Federal Reserve’s upcoming policy statement, forecasted to maintain a firm stance on interest rates amid mixed economic signals. The central bank’s announcement, due at 2 p.m. UTC-5:00 PM on Wednesday, is widely expected to keep rates unchanged, reflecting a balance between the current economic slowdown and the need to keep inflation in check. Investors have been closely monitoring Treasury yields and calling for stability as they navigate an environment of uncertainty. With recent fluctuations, there is heightened sensitivity to the Fed’s every move. The anticipation is that the…
© Reuters. MUMBAI – India’s initial public offering (IPO) landscape is gearing up for a busy week ahead, with six companies slated to debut on the mainboard and SME platforms, collectively aiming to raise approximately Rs 2,500 crore ($312 million). This flurry of activity underscores the country’s vibrant capital market environment and the diverse investment opportunities it presents. At the forefront of these listings is DOMS Industries, a key player in the stationery and art products sector. The company’s IPO, scheduled between Tuesday and Thursday, features fresh equity issuance worth Rs 350 crore ($43.7 million) and an offer for sale…
Safeguard Scientifics declares $0.35 special dividend
Several Democrat members of Congress have a long history of public support for an organization whose leader recently ignited a firestorm over controversial comments regarding Hamas’ deadly attacks on Israeli citizens.Nihad Awad, the executive director and co-founder of the Council on American-Islamic Relations (CAIR), recently said that he was “happy to see” the October 7 Hamas invasion of Israel and that the Jewish state did not have a right to self-defense because it is an “occupying power.””The people of Gaza only decided to break the siege — the walls of the concentration camp — on Oct. 7,” Awad said at…
Elon Musk posted on X that he isn’t a fan of “Grand Theft Auto” as he “didn’t like doing crime.”Despite his dislike for the phenomenally successful series, the billionaire is a huge gamer.Musk made his first video game at 12, and played “Elden Ring” through the night after buying Twitter. 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 Elon Musk has had a lifelong addiction to video games, according to his biographer — but he is not a fan of “Grand Theft Auto.”The tech…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Emissions-cutting pledges made by about 130 countries and 50 fossil fuel companies at the start of the UN climate summit will still leave the world far off track in limiting global warming to 1.5C above pre-industrial levels, according to an analysis from the International Energy Agency.Together, the countries account for more than half of the world’s gross domestic product, the agency said.The IEA has calculated that full implementation of a set of measures that are part of a new global decarbonisation alliance…
© Reuters. FILE PHOTO: A woman shops at a market in Cairo, Egypt, October 9, 2023. REUTERS/Mohamed Abd El Ghany/File Photo CAIRO (Reuters) – Egypt’s annual urban consumer price inflation dropped to 34.6% in November from 35.8% in October, pulled down by a slowdown in the rate of food price increases, data from the statistics agency CAPMAS showed on Sunday. Annual inflation was slightly lower than predicted by analysts. The median forecast of 18 analysts polled had expected a reading of 34.8%. Month-on-month, prices rose by 1.3% in November, up from 1.0% in October. Food prices rose by 0.2% but…
AES raises dividend by 4% to $0.1725
When Flint, Mich., announced in September that 68 assault weapons collected in a gun buyback would be incinerated, the city cited its policy of never reselling firearms.“Gun violence continues to cause enormous grief and trauma,” said Mayor Sheldon Neeley. “I will not allow our city government to profit from our community’s pain by reselling weapons that can be turned against Flint residents.”But Flint’s guns were not going to be melted down. Instead, they made their way to a private company that has collected millions of dollars taking firearms from police agencies, destroying a single piece of each weapon stamped with…