Author: Press Room
© Reuters. KYIV – Ukraine’s national currency, the hryvnia, has weakened to a new low against the dollar, with the latest figures showing a rate of 36.43 UAH/$ on Thursday. This decline follows a period of managed flexibility initiated by the National Bank of Ukraine (NBU) starting October 3, aimed at allowing greater exchange rate fluctuations. The NBU’s policy shift is part of a strategy to progressively liberalize the currency market. By permitting increased volatility, the central bank intends to enhance the economy’s resilience to external and internal shocks while considering overall macroeconomic development and maintaining international reserves. Deputy Governor…
National Security Council spokesman John Kirby evaded a reporter’s question on Thursday when asked about President Biden’s decision to unlist Iran-backed Houthis in Yemen as a terrorist group.During the daily White House press briefing, Fox News reporter Jacqui Heinrich asked Kirby whether Biden holds any “regret” for delisting the Houthis as a foreign terrorist organization, and whether the administration is reconsidering the move. “I’ve already said that we are going to review that decision. We are,” Kirby replied, although he gave no time frame for the review. “I don’t have a date certain for you or any outcome to brief, Jacqui, but…
Retail’s self-checkout reckoning has arrived for Dollar General.The discount store said Thursday it would beef up staffing, aiming to boost sales and reduce theft.CEO Todd Vasos said the company “started to rely too much this year on self-checkout in our stores.” 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 Add Dollar General to the list of retailers rethinking their self-checkout strategies as they head into the new year.The discount retailer said Thursday it will beef up staffing in its stores’ checkout areas after the…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Billionaire art dealer Yves Bouvier has settled a criminal dispute in Switzerland with the Russian oligarch Dmitry Rybolovlev, resolving one of the biggest and most acrimonious disputes in art market history. Rybolovlev, one of Bouvier’s former clients, accused the Swiss businessman in 2015 of systematically overinflating the value of €2bn of art he had sold him — a 38-painting collection of masterpieces that included Leonardo da Vinci’s ‘Salvator Mundi’. The oligarch subsequently launched a barrage of lawsuits around the globe, including criminal…
© Reuters. FILE PHOTO: Kurt Campbell attends the China Development Forum in Beijing, China March 23, 2019. REUTERS/Thomas Peter/File Photo By David Brunnstrom and Michael Martina WASHINGTON (Reuters) -It is essential the U.S. Congress approves new agreements with three Pacific island states, the U.S. Indo-Pacific coordinator Kurt Campbell said on Thursday, stressing that China is waiting to take advantage if the U.S. fails to fulfill its commitments. Campbell made the comments about new 20-year funding programs for the Federated States of Micronesia (FSM), the Marshall Islands (RMI) and Palau awaiting congressional approval while testifying at a Senate hearing on his…
© Reuters. A Tesla Model 3 vehicle warns the driver to keep their hands on the wheel and be prepared to take over at anytime while driving using FSD (Full Self-Driving) in Encinitas, California, U.S., October 18, 2023. REUTERS/Mike Blake/File Photo By David Shepardson WASHINGTON (Reuters) -The U.S. Transportation Department needs to support the development of autonomous vehicles, a coalition of groups representing the industry warned on Thursday, saying the nascent industry risks losing out to competitors like China. “The AV industry is at a critical juncture and in need of strong leadership from USDOT,” the Autonomous Vehicle Industry Association,…
Slaven Vlasic Elon Musk’s artificial intelligence startup xAI began rolling out its generative AI chatbot, Grok, to some users of the X social network on Thursday. Grok will be available to X Premium Plus users, or those who pay $16 a month (or $22 in app). The generative AI chatbot was unveiled last month and has real-time access to information through the X (formerly known as Twitter) platform. On Thursday, X CEO Linda Yaccarino posted about bringing Grok to a wider audience. News of the wider release was first reported by Gizmodo. In November, Musk said Grok was “designed to…
© Reuters. NEW YORK – The currency pair experienced a slight recovery today, halting its six-day downward trend amid a broader sell-off of the US dollar and increased buying interest in the Japanese yen. The pair had reached a multi-week low since November 14 but found some support in the mid-1.0700s. This rebound comes despite expectations that weaker equity markets may limit the US dollar’s losses and cap gains for the euro. The market’s anticipation of a potential shift in the European Central Bank’s (ECB) monetary policy influenced the euro’s movement. Comments made on Tuesday by ECB Executive Board member…
Lawyers for former President Donald J. Trump asked a federal judge on Wednesday to put the proceedings on hold in the case charging him with seeking to overturn the 2020 election as they appeal her recent ruling that he is not immune from prosecution.The request to freeze the case as the appeal goes forward was part of a long-planned strategy to delay any trial on the election interference charges from starting on schedule, in March.Mr. Trump’s legal team is hoping that a protracted appeal of the immunity issue, potentially to the Supreme Court, could result in the trial being pushed…
A youth counselor working on a Celebrity Cruises ship admitted to molesting kids on board, the FBI alleges.The worker allegedly abused the children in the youth center onboard Celebrity Cruises’ “Silhouette” ship.The cruise company told Business Insider they fired the man and are cooperating with authorities. 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 A youth counselor working on a Celebrity Cruises ship admitted he molested multiple children while on board, authorities allege in a court filing.In an affidavit filed last week in Florida…