Author: Press Room

Several mayors who welcomed a surge of migrants into their sanctuary cities are now requesting the Biden administration give them billions of dollars in federal aid to help support these new residents.The mayors of Chicago, Denver, Houston, Los Angeles and New York have urgently requested to meet with President Biden about getting federal support or resources in managing these migrants.In a letter obtained by The Associated Press, the Democratic leaders told the Biden administration on Wednesday that they appreciate the $1.4 billion in proposed aid but that they need much more — a whopping $5 billion — to ease the…

When you buy through our links, Insider may earn an affiliate commission. Learn more Want to watch some free international cricket online? Free Cricket World Cup live streams are available for most of the best matches throughout the tournament, including Australia vs. England on Saturday and India vs. South Africa on Sunday. Various affordable subscriptions will get you access to every game. You can access these paid or free cricket live streams from other countries with some digital maneuvering, and we’ll show you how below.The 2023 ICC Men’s Cricket World Cup is approaching the end of the ‘league’ stage now,…

Greetings everyone, this is Cissy from Hong Kong.Last week, I attended the Japan Mobility Show, where BYD became the first Chinese passenger vehicle maker to participate in Japan’s flagship auto expo, which has traditionally been dominated by local brands.Wang Chuanfu, the EV maker’s founder, also showed up at the event. I was sitting right behind him during his company’s presser, but he didn’t say a single word the entire time. Even when I whispered questions to him, he just laughed without answering.Hundreds of people, including Toyota CEO Koji Sato, gathered around BYD’s booth to watch the presentation. Sato greeted Wang…

Gulf central banks, including those of Qatar and the United Arab Emirates (UAE), have held their interest rates steady, in response to the Federal Reserve’s decision to maintain interest rates at a 22-year high for two consecutive meetings. This decision comes amid concerns over the potential economic and inflationary impacts of escalating Treasury yields. The Federal Reserve’s decision has been closely watched by global financial markets, as it has held its interest rates at a historically high level due to fears of rising Treasury yields. The US central bank’s move is being viewed as a defensive strategy against the potential…

© Reuters. A view shows a Starbucks logo at a Starbucks coffee outlet in New Delhi, India, May 30, 2023. REUTERS/Anushree Fadnavis (Reuters) – Starbucks (NASDAQ:) beat Wall Street expectations for quarterly comparable sales on Thursday, as steady demand for its pricey coffees and cold drinks in North America offset a feeble recovery in China. Shares of the global coffeehouse juggernaut rose 3% in premarket trading. Starbucks has benefited from a younger, more affluent consumer base despite the wider U.S. restaurant industry grappling with a slowdown as sticky inflation prompts people to rethink dining out. Traffic at the coffee chain’s…

Novo Nordisk (NVO) shares gained 3% premarket on Thursday after the Danish pharmaceutical company reported a 29% year-on-year growth in third quarter sales. The top-line performance was positively impacted by demand for Novo’s highly popular weight-loss drug, Wegovy, and another related medicine for diabetes, Ozempic. Operating profit (EBIT) rose 33% to 26.9B Danish crowns. Sales and profit were both in line with preliminary estimates released last month. Sales of obesity drug Wegovy surged from DKK 1.16B to DKK 9.65B in Q3, while Saxenda sales were down 18% to DKK 2.6B. For the first nine months of 2023, sales of Wegovy…

© Reuters. FILE PHOTO: Swiss National Bank Chairman Thomas Jordan attends the shareholders meeting of SNB in Bern, Switzerland, April 28, 2023. REUTERS/Denis Balibouse/File Photo ZURICH (Reuters) – The Swiss National Bank said on Thursday it will start a pilot project next month using central bank digital currency (CBDC) for financial institutions, with UBS and Zuercher Kantonal Bank among those signed up to take part. The pilot, using a real Swiss franc wholesale CBDC, will also involve four other commercial Swiss banks – Banque Cantonale Vaudoise, Basler Kantonalbank, Commerzbank (ETR:) and Hypothekarbank Lenzburg. “With this pilot project, we are now,…

Washington CNN  —  The Biden administration managed to rack up a long list of major legislative wins in its first two years despite facing one of the most closely-divided Congresses in history.From bipartisan action on infrastructure, gun safety and same-sex marriage to party-line bills tackling climate change and expanding health care coverage, it’s a record President Joe Biden and Democrats on the ballot were all eager to tout on the campaign trail during the midterms. But far from the spotlight is a woman who helped make all that happen: Louisa Terrell. As the director of the White House Office of…

A government shutdown deadline is approaching on November 17 after a shutdown in September was … [+] avoided. AFP PHOTO/Mandel NGAN (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)AFP via Getty Images As in September 2023, another government shutdown deadline approaches on November 17. It’s likely, though not certain, that a continuing resolution, or other budgetary measures, will be passed to avoid a shutdown. However, a broader budget debate may drag on over the coming weeks and possibly into 2024 when automatic budget cuts could take effect. This ongoing topic could weigh on both stock…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Novo Nordisk expects demand for its weight loss drugs to continue to outstrip supply despite expanding manufacturing capacity, as new trial data bolsters its case that treating obesity has broader health benefits.Sales of the Danish pharmaceutical group’s obesity and diabetes drugs soared 36 per cent to almost $22bn in the first nine months of the year, as patients flocked to the treatments that offer more significant weight loss than previous medicines.Novo Nordisk’s chief executive Lars Fruergaard Jørgensen said the company was focused…