Author: Press Room

Washington leaders responded on Sunday to the bipartisan Fiscal Responsibility Act, a deal reached between House Speaker Kevin McCarthy, R-Calif., and President Biden to evade defaulting on the country’s financial obligations.Both McCarthy and Biden held their posture as long as they could with a looming deadline of June 5, and on Sunday, reached a final agreement with just days to spare.”The Fiscal Responsibility Act does what is responsible for our kids, what is possible in divided government, & what is required by our principles,” McCarthy said on Twitter. “Republican resolve achieved this transformative change to how Washington works.”Senate Republican Leader…

Mike Cannon-Brooks is the cofounder and co-CEO of Australian software company Atlassian. Renee Nowytarger/The Sydney Morning Herald via Getty Images Helietta Holdings—an investment vehicle controlled by Australian tech billionaire Mike Cannon-Brookes’ Grok Ventures—has agreed to acquire the assets of Sun Cable, months after the project that was once touted as the world’s largest solar energy initiative went into liquidation amid shareholder disagreements. The transaction is expected to be completed by end-July this year, Sun Cable’s administrator FTI Consulting, said in a statement on Friday. Financial details weren’t disclosed. The agreement with Helietta concludes months of deliberations led by FTI Consulting…

Stack of old clothes to discard (declutter) or donate. Recycling fabric cotton.getty Picture this: an open room, sunlight pouring through the windows, a place for every object and every object in its place. Serene, isn’t it? What we’re imagining here is not simply an appealing living space; it’s a state of being, a way of life that can offer surprising benefits to both our wallets and our well-being. Fifteen years ago, this weekend, my life changed forever. I was introduced to minimalism by my neighbor. When I woke up that morning, I imagined it would be a typical Saturday cleaning…

Mainland Chinese companies have been moving into premium office areas in Hong Kong’s Central business district, taking over the prime locations left vacant by foreign groups in the wake of the pandemic. ByteDance, the Chinese owner of social media platform TikTok and one of the country’s most valuable tech start-ups, is taking over about 16,000 sq ft of office space in the city’s second-tallest office building this year from Switzerland-based bank Julius Baer, which is moving to a less central location, according to three people with knowledge of the deal. An affiliate of state-owned China National Petroleum Corporation is set…

3/3 © Reuters. FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao/File Photo 2/3 By Rae Wee SINGAPORE (Reuters) – The dollar was firm on Monday as economic resilience in the United States raised market expectations for further rate hikes by the Federal Reserve, while news that a debt ceiling deal had been finalised sparked some risk-on sentiment. The greenback notched a fresh six-month high of 140.91 yen in early Asia trade and was headed for a monthly gain of more than 3% against the Japanese currency. The yen’s renewed…

© Reuters. FILE PHOTO: A man walks under an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato By Kevin Buckland TOKYO (Reuters) -Japan’s share average rose on Monday to its highest level since July 1990, buoyed by optimism over a U.S. debt ceiling deal and a weaker yen. Shares of Japanese chip-related companies continued to outperform after AI euphoria lifted Wall Street peers. The Nikkei jumped as high as 31,560.43 within the first 10 minutes of trading, although gains mitigated over the course of the session to see…

© Reuters. Investing.com– Oil prices rose in Asian trade on Monday as U.S. lawmakers said they had reached a provisional agreement to raise the debt ceiling, with focus now turning to key Chinese data this week for cues on the world’s largest oil importer.  Top Democrat and Republican lawmakers said over the weekend that they had reached a tentative budget agreement to avert a potential debt default, which could have dire consequences for the global economy.  The deal is now set to face a vote in Congress before it is passed into law. But some members of the house expressed…

 In the volatile world of cryptocurrency, Pepe has experienced a significant decline of 15% over the past seven days. As investors seek alternative options, a new frontrunner has emerged in the form of Wall Street Memes. With its innovative approach and potential for substantial gains, Wall Street Memes is capturing the attention of smart money investors, positioning itself as a top contender for the year 2023. Let’s explore the factors behind Pepe’s downturn and the reasons why Wall Street Memes is gaining traction as the new top gainer in the cryptocurrency market.Pepe Price Prediction as PEPE Falls 15% In 7 Days The current trading…

CNN  —  After several weeks of tense negotiations, President Joe Biden and House Republicans have reached an agreement in principle to address the debt limit and cap spending. The drama is by no means over. Congressional leaders in both parties have to convince enough of their members to vote for the agreement, which contains provisions that lawmakers on each side of the aisle don’t support. The bill text was released on Sunday evening, and both parties are trying to cast the provisions as favorable for their side. Tapper asks Democratic lawmaker if White House should worry about Progressive Caucus. Hear…

The Chinese yuan is one of the top contenders challenging the USD’s dominance as a reserve currency. However, Beijing may not be fully supportive of making the yuan the reserve currency of choice. Key challenges include Beijing’s unwillingness to open its capital accounts or to run a deficit. 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 A debate over de-dollarization has raged on for the past year, fanned by fears that Washington’s weaponizing the US dollar-denominated global financial system against Russia over the Ukraine…