Author: Press Room
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.BlackRock chief executive Larry Fink has hit out at the candidates for the Republican presidential nomination over their attacks on the $9.1tn asset manager during Wednesday’s debate, calling the references a “sad commentary on the state of American politics”.Both Vivek Ramaswamy and Ron DeSantis specifically referred to BlackRock in multiple attacks on Nikki Haley, who has risen in the polls and gained backing from some wealthy donors. The men sought to portray her as a pawn of secret financial interests, tying her…
NEW DELHI – India’s Finance Minister Nirmala Sitharaman, while addressing the Confederation of Indian Industry (CII) Global Economic Policy Forum Thursday, outlined the government’s approach to the upcoming interim budget. The temporary financial agenda, set for February, is designed to ensure continuity of governance and public services through the country’s electoral transition phase without major legislative changes. The ‘vote on account’ is a strategic move to maintain financial stability and administrative momentum during the pre-election period. This interim measure will allow the government to function effectively until future leaders take office following the summer’s general elections. Sitharaman emphasized that this…
© Reuters. FILE PHOTO: The logo for McDonald’s restaurant is seen as McDonald’s Corp. reports fourth quarter earnings, in Arlington, Virginia, U.S., January 27, 2022. REUTERS/Joshua Roberts/File Photo (Reuters) – McDonald’s (NYSE:) is set to test a smaller-format concept store called “CosMc’s”, which will sell cold beverages including flavored iced teas and slushes, as the fast-food giant charts out an ambitious growth plan. The first CosMc’s location will open in Bolingbrook, Illinois, this week as part of a limited test run, the company said on Wednesday during its investor day. McDonald’s aims to open about 10 pilot stores by the…
© Reuters. FILE PHOTO: A farmer operates a combine while harvesting wheat in a field in the course of Russia-Ukraine conflict near Luhansk, Russian-controlled Ukraine, July 18, 2023. REUTERS/Alexander Ermochenko/File Photo HAMBURG (Reuters) – The Lebanese government is believed to have purchased about 30,000 metric tons of milling wheat in a tender this week expected to be sourced from Ukraine, European traders said on Thursday. The purchase of 11.5% protein content wheat was said to have been made at about $253 a tonne c&f for spot shipment, traders said. Finance is being provided by the World Bank as part of…
Siyata Mobile announces $0.9M follow-on orders
“Squad” Democrats gathered on Capitol Hill to call for a permanent cease-fire in Gaza on Thursday, doubling down on accusations that Israel is targeting civilians and committing “genocide.”Rep. Cori Bush, D-Mo., held the press conference alongside Reps. Ilhan Omar, D-Minn., and Rashida Tlaib, D-Mich. They also invited members of the Doctors Without Borders organization, which provides humanitarian aid in Gaza. Bush had vicious words for Israel during her opening remarks.”When we hear genocidal rhetoric, when we witness devastation and mass murder, when we finance the bombs being dropped, when we intentionally disregard the suffering, we allow the people we represent…
The US ground its entire fleet of V-22 Osprey helicopters after eight US airmen died on a training flight when the aircraft malfunctioned.Read the original article on Business Insider
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.It has taken a year, but Google has finally delivered a coherent response to the surprise challenge to its dominance in artificial intelligence that came with the launch of ChatGPT. This week’s release of Gemini, a family of large language models, will give it a stronger platform to fight back against both OpenAI, the company behind ChatGPT, and Microsoft, which has used OpenAI’s models to supercharge all its software and cloud services this year. The question now is whether Gemini can make a…
By Marcelo Teixeira NEW YORK (Reuters) -Mercon Coffee Group, one of the world’s largest coffee traders, has filled for bankruptcy protection in the United States due to what it defined as “exceptionally challenging operating environment”, according to a document seen by Reuters. Mercon, which has operations in all the major producing regions including Brazil, Vietnam and Central America, said in a letter sent to clients that problems in recent years such as the logistical disruption during the pandemic, frost and drought in Brazil, price volatility and rising interest rates all combined to hurt the company’s financial situation. In the letter,…
© Reuters. U.S. Treasury Secretary Janet Yellen gives a statement to the press during her visit in Mexico City, Mexico December 6, 2023. REUTERS/Daniel Becerril By David Lawder MEXICO CITY (Reuters) – The U.S. Treasury said on Thursday it signed an agreement with Mexico’s finance ministry to cooperate on strengthening screening of foreign investments to enhance national security, including regularly sharing information on best practices. The Biden administration is promoting Mexico as a premier investment destination for U.S. supply chains and wants to ensure that the country has a robust screening regime in place to handle the influx. The effort…