Author: Press Room
Warning: FMAO is at high risk of cutting its dividend
At an emotional evening news conference immediately after he was removed as speaker of the House, Representative Kevin McCarthy gave an inconclusive answer about whether he would remain in Congress.“I’ll look at that,” he said then.Over the past two months, Mr. McCarthy has given the life of a rank-and-file member a hard look and discovered it to be a painful existence after having been at the pinnacle of his party in the House for more than a decade.These days, Mr. McCarthy, famous for his preternaturally sunny California disposition, has been hard to cheer up. He no longer attends the conference…
The “world’s saddest elephant” has died in the Philippines after spending her life in captivity.Celebrities, including Sir Paul McCartney, had called for her release.Mali arrived at the zoo in 1981 as a gift from the Sri Lankan government to Imelda Marcos. 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 Mali, a beloved elephant at Manila Zoo in the Philippines, has died after spending over four decades alone in a dilapidated pen.She was dubbed one of the world’s “saddest” elephants by animal activists.Critics of Mali’s treatment…
This article is an online version of our Scoreboard newsletter. Sign up here to get the newsletter sent straight to your inbox every SaturdayThe thing about sports investors is that they rarely have just the ball in their sights. That’s the case in the battle for the future of Telegraph Media Group, which as you might know owns a daily newspaper that’s influential in the UK’s Conservative party.The UK said this week that it will probe Abu Dhabi-backed RedBird IMI’s offer to take the group over. It’s one to watch for readers of Scoreboard.That’s because Redbird IMI is a joint…
© Reuters. FILE PHOTO: An oil pump jack is seen in the Loco Hills region, New Mexico, U.S., April 6, 2023. REUTERS/Liz Hampton/File Photo By Nichola Groom and Valerie Volcovici (Reuters) – The Biden administration on Saturday unveiled final rules aimed at cracking down on U.S. oil and gas industry releases of methane, part of a global plan to rein in emissions that contribute to climate change. The rules, two years in the making, were announced by U.S. officials at the United Nations COP28 climate change conference in Dubai. The United States and other nations attending the summit were expected…
CONCORD, N.H. – With the start of the Republican presidential nominating calendar just a month and a half away, Chris Christie is picking up the pace. As he sharpens his jabs at his 2024 White House rivals and vows he will qualify for next week’s fourth GOP presidential primary debate, the former two-term New Jersey governor making his second White House run is upping his sales pitch to voters.”I’ve enjoyed the dating period. Now it’s time for us to get married,” Christie told the crowd Friday at Politics and Pies, hosted by the GOP committee in Concord, New Hampshire. It was…
The economy has been on a wild ride the last few years. We’ve seen bear markets, bull markets, high inflation, record low interest rates, the fastest rate hike cycle on record, and countless predictions of a forthcoming recession. Recent history makes it hard to feel certain or confident about the future. getty As a part of Northwestern Mutual’s 2023 Planning & Progress Study, we sought to better understand human behavior as it relates to finances during times like these. I’ve worked in the industry for years and have seen people lose sight of the big picture during economic uncertainty. When…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The crisis-hit Signa Group sold half of its prized KaDeWe department store building for a fraction of the valuation listed in its books, raising doubts about how much the assets underpinning billions of euros of debt are worth. René Benko’s luxury property group sold the stake in the west Berlin property to Thailand’s Central Group in March for about €300mn, according to three people directly familiar with the transaction, as it raced to raise cash.Signa Holding, the company at the centre of…
© Reuters. President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan walks with Brazil’s President Luiz Inacio Lula da Silva, alongside other world leaders and delegates, at Dubai’s Expo City ahead of the World Climate Action Summit during the United DUBAI (Reuters) – World leaders addressed the COP28 summit on Saturday, where their countries’ delegations are assessing progress towards meeting global climate goals. Here are the latest comments: GERMAN CHANCELLOR OLAF SCHOLZ “For us it is important that this fund benefits the most vulnerable countries and that as many of us support this fund as possible,” he…
The Biden administration’s crackdown on methane leaks from oil wells is based in part on a new powerful policy tool that could strengthen its legal authority to cut greenhouse gas emissions across the entire economy — including from cars, power plants, factories and oil refineries.New limits on methane, announced Saturday by the Environmental Protection Agency during the COP28 climate talks in Dubai, take aim at just one source of climate warming pollution. Methane, which spews from oil and gas drilling sites, is 80 times more powerful than carbon dioxide when it comes to heating the atmosphere in the short term.But…