Author: Press Room
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.New York state is suing food and drinks giant PepsiCo for plastic waste pollution, the latest lawsuit to try to hold companies to account over their environmental impact.New York attorney-general Letitia James has demanded that the soft-drink maker reduce the quantity of packaging released into the Buffalo River and pay for the damage caused by microplastics to people and the environment. “All New Yorkers have a basic right to clean water, yet PepsiCo’s irresponsible packaging and marketing endanger Buffalo’s water supply, environment…
© Reuters. FILE PHOTO: The U.S. Capitol Building is seen in Washington, U.S., August 15, 2023. REUTERS/Kevin Wurm/File Photo/File Photo By David Morgan and Moira Warburton WASHINGTON (Reuters) -Democratic and Republican leaders in the U.S. Senate said on Wednesday they could possibly vote later in the day on legislation that would keep the government funded and prevent a partial shutdown. “No drama, no delay, no government shutdown. That’s our goal and we hope to have an agreement very soon,” Senate Majority Leader Chuck Schumer, a Democrat, said on the Senate floor. Leaders from both parties have said they support a…
© Reuters. Leonardo logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – Italy’s state-controlled defence and aerospace group Leonardo on Wednesday said it would sell a 6.3% minority stake in its U.S. subsidiary Leonardo DRS on the market. The 16.5 million shares in Leonardo DRS making up the stake are worth about $344.2 million, according to Reuters calculations based on their closing price on Wednesday. Proceeds from the sale will be used to increase financial flexibility to finance possible investments and acquisitions, Leonard said in its statement announcing the sale. Index provider MSCI…
Corporación América Airports GAAP EPS of $0.29 misses by $0.05, revenue of $469M beats by $80M
© Reuters. WASHINGTON – The US dollar, which has seen a strong performance in the latter half of 2023, is expected to face a downturn in 2024 as the Federal Reserve gears up to ease interest rates. In the second half of 2023, the dollar’s bull trend was propelled by robust US economic growth, boasting a quarter-over-quarter annualized increase of 4.9% in Q3, even amidst declining inflation rates. This growth has made holding dollars more attractive, particularly as investors forecast a reduction in global demand that could impact Europe and Asia. However, the outlook for 2024 suggests a shift. prompting…
Christopher A. Wray, the F.B.I. director, said on Wednesday that the bureau had opened a slew of investigations into Hamas as it tries to thwart potential attacks and stymie financial support for the militant group.“We also have a large number of tips and leads related specifically to Hamas and radicalization and recruitment,” Mr. Wray said in testimony before the House Committee on Homeland Security about worldwide threats to the United States. “We are urgently running down every tip and lead.”He added, “We cannot — and do not — discount the possibility that Hamas or another foreign terrorist organization may exploit…
Our experts answer readers’ home-buying questions and write unbiased product reviews (here’s how we assess mortgages). In some cases, we receive a commission from our partners; however, our opinions are our own. For borrowers considering a refinance, getting a good mortgage rate is vital. Refinancing your mortgage isn’t cheap, but getting a low rate can help you earn back what you spend, in addition to freeing up space in your monthly budget for other financial goals.The exact rates available to you will depend on your individual financial situation as well as what the mortgage lenders you apply with can offer…
getty Ready to get serious about funding your retirement? Here’s a look at the importance of retirement investing plus four strategies that could ultimately pay the bills in your senior years. The Importance Of Retirement Investing Retirement investing is the process of buying assets that can provide income once you leave the workforce. Retirement income can take the form of interest payments, dividend payments or stock liquidations that fund account withdrawals. You need to learn how to invest for retirement because: Cash deposits don’t grow quickly enough to amass sufficient wealth for retirement. Social Security, on average, only replaces 40%…
Stay informed with free updatesSimply sign up to the Global Economy myFT Digest — delivered directly to your inbox.Good morning. Joe Biden and Xi Jinping held a high-profile summit in San Francisco earlier today in a renewed attempt to stabilise US-China relations.The US administration played down expectations ahead of the meeting, the leaders’ first since 2021, saying it was focused on managing risks of further deterioration in the relationship rather than producing splashy outcomes.“We have to ensure that competition does not lead to conflict,” Biden told Xi as the meeting began, adding that the countries could work together on issues…
2/2 © Reuters. FILE PHOTO: A Cuban flag waves in a boat docked at Bayfront Park is seen before sailing in a flotilla towards Cuba in support of Cuban protesters against its deteriorating economy, in Miami, Florida, U.S. July 23, 2021. REUTERS/Marco Bello/File Photo 2/2 (This Nov. 14 story has been refiled to remove a superfluous word from paragraph 1) HAVANA (Reuters) – Cuba wants to tap its fast-growing overseas population for fresh investment to lift its economy, a top foreign ministry official told Reuters this week, as the communist-run nation looks to overcome its worst downturn in decades. Food,…