Author: Press Room
Warning: OILCF is at high risk of cutting its dividend
White House press secretary Karine Jean-Pierre issued a stern defense of President Biden’s “stamina” on Monday, his 81st birthday, when questioned over the growing concerns surrounding his age.”I would put the president’s stamina, the president’s wisdom, ability to get this done on behalf of the American people against anyone, anyone on any day of the week,” Jean-Pierre told Fox News’ Mark Meredith during the White House press briefing in response to a question about former Obama adviser David Axelrod raising the issue of Biden’s age.Earlier this month, Axelrod suggested it may be “wise” for Biden to drop out of the…
OpenAI’s Ilya Sutskever had a dramatic reversal regarding the ousting of his cofounder, Sam Altman.The U-turn came after an emotional plea from cofounder Greg Brockman’s wife, the WSJ reported.Sutskever officiated the couple’s wedding in 2019. 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 Ilya Sutskever, the chief scientist and a cofounder of OpenAI, expressed remorse on Monday for his role in ousting Sam Altman as the CEO of the company.”I deeply regret my participation in the board’s actions. I never intended to harm OpenAI,”…
US President Joe Biden delivers remarks in the South Court Auditorium of the White House in … [+] Washington, DC, on November 14, 2023. The Biden administration released new data this week on a program designed to make it easier for federal student loan borrowers to discharge their debt in bankruptcy. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)AFP via Getty Images The Biden administration this week released highly-anticipated data on a new initiative that makes it easier for borrowers experiencing hardships to discharge their student loans in bankruptcy. The Education Department and the Department…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US private equity investor Carlyle Group is set to earn a large windfall from its sale of a minority stake in the Chinese operations of McDonald’s, marking a rare dealmaking success in the region amid mounting geopolitical tensions.The fast-food restaurant group said it would buy Carlyle’s 28 per cent stake in its Chinese operations, which also span Hong Kong and Macau, in order to rebuild exposure to what has become the restaurant group’s fastest-growing region.Carlyle is selling its stake for an equity…
DHAKA – The Bangladesh government has announced an increase in the monthly contribution limit for the “Pragati” component of its Universal Pension Scheme to Tk10,000. This move is part of the country’s efforts to enhance the retirement security of its citizens. In a significant step toward expanding the pension system within the private sector, officials Kabirul Ezdani Khan and Abdus Samad Al Azad signed a Memorandum of Understanding (MoU) today. The agreement between the National Pension Authority and the Registrar of Joint Stock Companies and Firms (RJSC) is aimed at streamlining the process for private sector employees to register for…
© Reuters Bharti Airtel, one of India’s leading telecommunications companies, is in the process of engaging with top international banks, including Barclays and Citi, to raise $1 billion. This capital injection aims to address its spectrum liabilities from the 2015 auction, which amount to nearly ₹12,000 crore. The company is exploring options such as offshore bonds, non-convertible debentures (NCDs), or mutual funds to optimize capital generation as it embarks on a nationwide deployment of 5G services. The telecom giant, helmed by Sunil Mittal, is considering this financial move to reduce its annual interest costs and strengthen its balance sheet. The…
© Reuters. Investing.com– Gold prices rose sharply on Tuesday, tracking a weaker dollar and Treasury yields as markets priced in no more rate hikes from the Federal Reserve, with the minutes of central bank’s recent meeting now due later in the day. Among industrial metals, copper prices sat on strong gains amid improving sentiment towards major importer China, while disruptions at major mines in Peru and Panama also pointed to tighter supplies. Gold has been on a tear in recent sessions, with prices once again trading just below the $2,000 an ounce level as the prospect of a pause in…
UpHealth Non-GAAP EPS of $2.92 beats by $3.25, revenue of $32.7M beats by $3.39M
© Reuters. Investing.com– Most Asian currencies rose sharply on Tuesday as easing concerns over higher U.S. interest rates spurred heavy losses in the dollar, with focus now turning to the minutes of the Federal Reserve’s October meeting. Optimism over China also aided sentiment, as local media reports suggested that the government was planning to roll out more supportive measures for the beleaguered property sector. The was among the best performers for the day, rising 0.5% to 7.1346 to the dollar- its strongest level since late-July. The currency was also supported by a series of stronger-than-expected daily midpoint fixes by the…