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One congressional aide said Maria Cantwell — the chair of the Senate commerce committee, which would normally have **jurisdiction** over the bill — had suggested giving ByteDance one year to divest. The option to extend the divestiture deadline would help satisfy her demand and likely reduce opposition in the Senate.
A senior European Central Bank executive has said publishing the interest rate forecasts of its policymakers — similar to the US Federal Reserve’s so-called “dot plot” — could help to address shortfalls in its communication and tackle market volatility.
“Some of the points he [Bernanke] raised could also be of relevance to the ECB,” “Some of the points he [Bernanke] raised could also be of relevance to the ECB,” Schnabel said. “One area of reflection relates to whether policymakers’ views on their expected future path of short-term interest rates should be made more transparent, akin to the ‘dot plot’ used by the Federal Reserve System.
Seven-year-old Nadia Nizinkiewicz is thrilled about the Polish government’s decision to remove homework from her schooling. In fact, “everybody in my class is very happy,” she tells me while colouring patterns in her notebook. “Some of our homework is very difficult.” She is excited about instead spending more time in the park “playing berek (the Polish version of tag) with my friends”.
Georgieva, who has been in the role since the autumn of 2019 Georgieva, who has been in the role since the autumn of 2019, was the sole candidate for the position. However, it was only after European leaders signalled that they would endorse her last month that her candidacy was assured.
Vietnamese property tycoon Truong My Lan has been sentenced to death by a court in Ho Chi Minh City for embezzling more than $ 12bn in the country’s largest financial fraud, state media reported
In a global bulletin to staff on Wednesday, ByteDance, the In a global bulletin to staff on Wednesday, ByteDance, the Chinese company that owns TikTok, said it had “received feedback that some employees would like this opportunity to meet their cash and liquidity needs”.
The study of finance can easily be split into two eras: before and after Harry Markowitz.
The EU is considering a proposal to allow a Russian bank under sanctions to carve-out a subsidiary that would reconnect to the global financial network, as a sop to Moscow aimed at safeguarding the threatened Black Sea grain deal that allows Ukraine to export food to global markets.
Opinion polls suggest that parties of the nationalist and far right could win almost a quarter of the seats in June’s elections to the European parliament. Forecasts of a significant shift to the right in Europe therefore seem well placed. Yet we should be wary of treating the pan-continental far right as a homogenous bloc or of being too confident in judging its ability, after the vote, to shape and disrupt the usual business of the European legislature.
BHP said the Australian government’s intervention to save the country’s nickel industry “may not be enough” as a write-off in the value of its nickel operations drove a near 90 per cent drop in first-half net profit.
Israel’s cabinet has discussed restricting access for some Muslims to the al-Aqsa mosque in Jerusalem during Ramadan, in a move that further inflames tensions during its war with Hamas, especially with the Palestinian citizens of Israel.
In a unanimous decision handed down on Tuesday, the three-judge “For the purpose of this criminal case, former President Trump has become citizen Trump, with all of the defences of any other criminal defendant,” the judges wrote in their order. “But any executive immunity that may have protected him while he served as president no longer protects him against this prosecution.”
Siegfried Russwurm, head of the BDI, Siegfried Russwurm, head of the BDI, told the Financial Times that Germany’s climate agenda was “more dogmatic than any other country I know”
A global rally in government debt has already driven yields past many Wall Street targets for the end of 2024, highlighting how recent market moves have taken analysts by surprise.
Vladimir Putin’s re-election campaign has prompted a fresh drive by Russian officials to curb inflation as disquiet grows over soaring prices for consumer goods and as technocrats move to rein in a weakening rouble.
Football’s governing bodies have lost a landmark court case that threatens their hold over the sport in Europe, potentially opening a path for the biggest clubs to form new breakaway competitions.
China’s BYD is in final negotiations with the Hungarian government to secure a multibillion-euro investment into a new electric car factory, in a deal that could be announced as early as Friday.
Yoav Gallant on Tuesday told a parliamentary committee that Israel was being attacked in a “multi-arena war” from seven areas, which he identified as Gaza, the West Bank, Lebanon, Syria, Iraq, Yemen and Iran.
The assent of the foreign affairs committee on Tuesday means the agreement of Turkey’s parliament is the final step needed to ratify Stockholm’s bid, although it was not immediately clear when that vote would be held. Hungary has also withheld its approval of the bloc’s expansion, linking its consent to Turkey’s stance.
Job placements for graduates of one of the world’s most prestigious business schools have fallen to the lowest levels in more than five years, in a sign of the slowdown in demand for recruitment for even highly qualified candidates.
Wall Street stocks have begun the year with a technology-led hangover after the rally that ended 2023 turned cautious, sending tech stocks to their worst day in more than two months
Claudine Gay has resigned as president of Harvard University following a widely criticised appearance at a congressional hearing on campus antisemitism that prompted scrutiny of plagiarism allegations against her.
Donald Trump has sued to reinstate his name to Maine’s presidential primary ballot, after its secretary of state said the former president was disqualified from holding higher office because of his role in the January 6 2021 attack on the US Capitol.
Almost one-quarter of UK buy now, pay later users have been charged late repayment fees, with younger consumers hit hardest, according to research that points to how people have turned to the unregulated form of credit to cope with rising living costs.
SoftBank-owned chip designer Arm has started the countdown to the biggest US initial public offering in almost two years, unveiling a preliminary prospectus for a Nasdaq listing that is set to take place early next month.
The development bank set up by the Brics nations plans to begin lending in the South African and Brazilian currencies as part of a plan to reduce reliance on the dollar and promote a more multipolar international financial system, according to its president.
The renminbi has fallen 5.6 per cent against the dollar this year, while the yen has dropped 11 per cent to more than ¥147, as the **greenback** is pushed higher by robust US economic data.
The company’s increasingly popular drug, Wegovy, tackles another kind of expansion: human **waistlines**.
The Scottish National party has backed a change in its independence strategy, saying it would claim a “mandate” for a new vote on separation from Britain if it were to win a majority of Scottish seats at the next UK general election.
Western capitals have privately urged Israel to delay a full-scale land invasion of Gaza as they seek to limit the humanitarian crisis in the Palestinian territory and fear that Benjamin Netanyahu’s government has no long-term plan to follow the destruction of Hamas.
Ark, which manages some $25bn in assets through Ark Investment Management, has bought Rize ETF, which manages more than $450mn across 11 European funds designed around themes including the future of food, cyber security, environmental impact and **cannabis**.
The president’s **unflattering** remarks came after Poland led a coalition of central and eastern European countries that extended unilateral curbs on imports of Ukrainian foodstuffs despite the EU agreeing to lift them on Friday
Tensions between France and Niger have risen recently with Macron saying that France’s ambassador Sylvain Itté had been “taken hostage” in the embassy, referring to how he and his team were **holed up** and surviving on military rations.
Speaking on Sunday, both Democrats and Republicans said time was running out for a deal before October 1, when current funding for federal operations ends.
Speaking to the Financial Times on the sidelines of the UN General Assembly in New York, deputy prime minister Oliver Dowden and foreign secretary James Cleverly defended Britain’s decision to invite China to an AI regulation summit initially described as including only “like-minded countries”.
The Chinese government's ecological management and restoration of water bodies have provided prerequisites for the development of the fishery industry in Xinjiang.
Freshwater aquatic produce, which is cultivated in cold, clear water from melting snow, is set to evolve into newfound delicacies in Xinjiang. There are many choices, including South American white shrimp, tilapia, abalone and lobster being raised in Xinjiang and making their way onto consumers' dining tables nationwide. Some of these products are also sold in foreign markets.
The legislation imposes new responsibilities on the tech companies, including sharing data, linking to competitors and making their services interoperable with rival apps.
The legislation imposes new responsibilities on the tech companies, including sharing data, linking to competitors and making their services interoperable with rival apps.
A former Google researcher who co-authored a paper that kick-started the generative AI revolution has joined forces with an ex-colleague to found a Tokyo-based artificial intelligence start-up.
Prime Minister Han Duck-soo called on Japan on Thursday to transparently disclose information about its discharge of contaminated water from its crippled Fukushima plant over the next 30 years. Addressing public concerns about safety, Han said "excessive worry" is unnecessary, as the ocean disposal plan, if executed accordingly, should not result in significant harm. Han assured that the import ban on fisheries and food products from the Fukushima region will remain in place until public concern is eased, and radiation monitoring on imported seafood will be thoroughly conducted.
On Earth, we have gravity and buoyancy. Gravity makes sure that the oil stays in the cooker, and buoyancy allows the bubbles that come out of the fries to travel upward so that the fries are cooked. In space, which is under microgravity, there is no buoyancy. So scientists for long believed that frying wasn’t possible.
Frying French fries in space may be possible, according to a recent study by Aristotle University of Thessaloniki, Greece.
IT’S one of the things we are most afraid might happen to us. We go to great lengths to avoid it. And yet we do it all the same: We marry the wrong person.
**Loop Mark in the chat**
The Danish and Swedish prime ministers spoke on Sunday to try to find ways of countering strong freedom of speech laws that have permitted repeated burnings of holy books. Muslim foreign ministers were due to hold an emergency meeting on Monday to discuss the crisis under the auspices of the Organization of Islamic Cooperation.
Blackstone’s $68bn flagship property fund has gone from being one of the world’s biggest buyers of property to a large seller, as it raises liquidity to meet redemptions and invest billions in data centres to feed the artificial intelligence boom.
“I’m very confident system-wise we are still **saturated** with liquidity . . . but it might not be the most useful distribution in the sense that clearly there are some small and midsize banks that are more constrained for reserves,” he said.
The topic “Why doesn’t the Huangshan Scenic Area provide boiling water for instant noodles” was the top trending subject on Weibo on Tuesday after a netizen posted a video claiming there was no hot water on the mountains.