Author: Press Room
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Rail passengers face a new wave of disruption in December after train drivers announced more strikes.The Aslef union on Thursday outlined a “rolling programme” of strikes at 16 train companies between December 2 and December 8, with drivers at different operators walking out on each day. Members have also been banned from working overtime between December 1 and December 9. The union said that spreading the strike action would mean the “ramifications for the rail industry will be greater”.“We are determined to win this…
© Reuters. The Federal Deposit Insurance Corp (FDIC) logo is seen at the FDIC headquarters as Chairman Sheila Bair announces the bank and thrift industry earnings for the fourth quarter 2010, in Washington, February 23, 2011. REUTERS/Jason Reed (Reuters) -A top U.S. banking regulator faced mounting pressure on Thursday over his handling of allegations of sexual misconduct among agency staff, with Republican officials vowing a thorough probe and insisting on his recusal from an internal investigation. The gathering controversy followed media reporting earlier this week according to which the U.S. Federal Desposit Insurance Corporation had failed to eradicate widespread harassment…
© Reuters. LONDON – European stock markets closed on a mixed note today, with major indices showing divergent trends. The index experienced a downturn, shedding 0.72%, while the UK’s followed suit, dropping by 1.01%. index also fell by 0.57%. Bucking the trend, index managed to post a gain of 0.24%. HelloFresh (OTC:) SE led the decliners within the Stoxx Europe 600, with its shares plunging by a notable 22.4%. This was part of a broader selloff that saw companies like MorphoSys AG, Burberry Group (OTC:) PLC, Allegro.eu S.A., and Gerresheimer AG endure losses in their share prices ranging from 9%…
© Reuters. WASHINGTON – U.S. agricultural exports witnessed a significant shift in the week ending on Wednesday, with soybean shipments reaching an annual high and corn sales exceeding market expectations, according to the latest USDA report. The surge in soybean exports was primarily driven by a substantial increase in purchases from China. In detail, soybean exports for the week peaked at 3.92 million metric tons. This marked a notable high for the year, with China accounting for a massive 2.61 million tons of the total sales. The heightened activity in soybean trade highlights China’s robust demand and its impact on…
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© Reuters. LONDON – The British pound experienced a notable surge earlier this week, reaching a two-month high against the weakening US dollar, only to see some of those gains diminish in subsequent days. The initial rally was prompted by a softer-than-expected US inflation report, which sent the pound soaring by 1.8%. However, as of today, the currency has given up nearly half of its gains, trading down by 0.11% at 1.2401. The pound’s performance comes amid a broader context of economic indicators and market movements. On Wednesday, the Bank of England reported a significant drop in UK inflation to…
President Biden will work to strengthen U.S. ties with Asian nations on Thursday at the Asia-Pacific Economic Cooperation summit, one day after he held an hourslong meeting with President Xi Jinping of China at a moment of deep tension between the two countries.When he speaks to executives on Thursday morning and during later planning meetings, he will announce that American businesses have invested $40 billion into APEC economies this year, and he will encourage other leaders to enact labor protections for workers, according to Mike Pyle, the deputy national security adviser for international economics.“The president has spent nearly three years…
Tether is investing $500 million to enter bitcoin mining, Bloomberg reported. The $87 billion stablecoin operator has large coffers that could make it a significant competitor in the space. Tether will construct its own bitcoin mining facilities and also take stakes in existing companies. 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 Tether, the issuer of the largest US dollar stablecoin, is aiming to become a bitcoin miner, and it’s planning to invest $500 million to establish itself as a major player, Bloomberg reported…
FCI Terminal Island was one of the facilities re-certified by the American Correctional Association … [+] after deficiencies were found.MediaNews Group via Getty Images The Federal Bureau of Prisons (BOP) operates 122 facilities housing nearly 160,000 federal prisoners. The BOP has numerous policies in caring for those in custody but a a review by the U.S. Department of Justice Office of the Inspector General (OIG) concluded that the the BOP and American Correctional Association (ACA) agreed that ACA would rely on the BOP’s internal program review reports. As a result, it appears the BOP is, in effect, paying ACA to…
Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.Artificial intelligence has the power to sharply cut the number of missed early stage breast cancers, according to research that shows the technology’s potential to improve and accelerate medical diagnoses. AI analysis flagged up to 13 per cent more cases than doctors had identified — a significant chunk of the 20 per cent or more cancers that are estimated to be missed using current non-AI screening.The new study, published on Thursday in Nature Medicine, highlights how machine learning can help tackle life-threatening…