Author: Press Room
President Biden will travel to Maine on Friday to pay his respects to the 18 people killed and more than dozen wounded during a gunman’s rampage through a bar and bowling alley in Lewiston, Maine, last week, the White House announced.Shortly after the massacre, Mr. Biden declared his frustration at the taking of yet more lives in a mass shooting. The gunman, Robert R. Card II, 40, was found dead of an apparently self-inflicted gunshot on Friday, two days after the killings.“Once again, an American community and American families have been devastated by gun violence,” Mr. Biden said on Friday…
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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.China’s biggest memory chipmaker has had to raise billions of dollars in fresh capital, after burning through $7bn in funding over the past year trying to adapt to tough US restrictions on its business.Yangtze Memory Technologies Corp, which last December was added to a trade blacklist and prohibited from procuring US equipment to manufacture chips, exceeded its target for a new round, according to four people familiar with the situation.They could not confirm the exact figure raised, but said it was equivalent…
© Reuters. FILE PHOTO: Japanese Prime Minister Fumio Kishida poses during a photo session with his new cabinet members at the prime minister’s official residence in Tokyo, Japan, September 13, 2023. Zhang Xiaoyu/Pool via REUTERS By Yoshifumi Takemoto TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida said on Thursday the government will spend over 17 trillion yen ($113 billion) in a package of measures to cushion the economic blow from rising inflation, which will include tax cuts. To fund part of the spending, the government will compile a supplementary budget for the current fiscal year of 13.1 trillion yen, Kishida…
AustralianSuper rejects Brookfield’s ‘best and final’ $10.5 billion bid for Origin Energy By Reuters
© Reuters. Miniatures of windmill, solar panel and electric pole are seen in front of Brookfield Renewable logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – Pension fund AustralianSuper said on Thursday it intended to vote against Brookfield-consortium’s “best and final” takeover offer for Origin Energy Ltd that valued the power producer at A$16.40 billion ($10.53 billion). The consortium’s sweetened offer of A$9.53 per share comes days after AustralianSuper, Origin’s biggest shareholder, rejected the prior offer of A$8.81 apiece. (This story has been refiled to fix a typo in paragraph 1)
4/4 © Reuters. FILE PHOTO: People wearing sun protection gear amid a heatwave walk on a street in Beijing, China July 1, 2023. REUTERS/Tingshu Wang/File Photo 2/4 By Jake Spring and David Stanway (Reuters) – Air pollution, a global scourge that kills millions of people a year, is shielding us from the full force of the sun. Getting rid of it will accelerate climate change. That’s the unpalatable conclusion reached by scientists poring over the results of China’s decade-long and highly effective “war on pollution”, according to six leading climate experts. The drive to banish pollution, caused mainly by sulphur…
Former House Speaker Nancy Pelosi, D-Calif., informed the House of Representatives on Wednesday that she was served a subpoena “to produce documents in a criminal case” in California.Pelosi’s statement related to the subpoena was read by the House Clerk, which standard when a member is issued a subpoena related to a civil or criminal matter.”This is to notify you formally pursuant to Rule Eight of the rules of the House of Representatives, that I, the Honorable Nancy Pelosi, Speaker Emerita, and U.S. Representative for the 11th Congressional District of California, have been served with third party subpoenas from the prosecution…
GCT announced this morning that the company has completed its previously announced acquisition of Noble House Furnishings LLC, which filed for bankruptcy in […]
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Surveyors reported their gloomiest assessment of UK housebuilding since the onset of the pandemic in the three months to September, suggesting that construction output is falling and adding to housing supply shortages. The Royal Institution of Chartered Surveyors on Thursday said its housebuilding workload activity index, which captures the difference between the percentage of those reporting an expansion in workload and those reporting a contraction, plummeted to minus 26 in the third quarter from minus 12 in the previous three months.The slowdown…