Agustin Carstens, chief of the Bank for International Settlements, says bank must be prepared to raise interest rates if needed – Akio Kon/Bloomberg Countries must be prepared to raise interest rates again if inflationary pressures return, a top central bank has warned. The Bank of International Settlements (BIS) has said “it is too soon to […]
The CDK Global (BBU) cyberattack outage, which crippled dealerships across North America, appears to be on a path toward resolution. But the damage has been done: Lost sales and service revenue could be substantial. On Wednesday night, CDK Global issued a statement with the first positive news from the company since the cyberattack began on […]
DUBAI, United Arab Emirates (AP) — Seemingly every afternoon in Iran’s capital, police vans rush to major Tehran squares and intersections to search for women with loose headscarves and those who dare not to wear them at all. The renewed crackdown comes not quite two years since mass protests over the death Mahsa Amini after […]
By Rae Wee SINGAPORE (Reuters) – The battered yen languished near the 160 per dollar level on Tuesday and kept traders on high alert for any intervention from Japanese authorities to prop up the currency, while the greenback edged a touch higher in the broader market. Bitcoin was nursing losses after clocking its worst day […]
Bitcoin fell below the US$60,000 mark for the first time since early May, according to CoinGecko data, as Mt. Gox prepares to disburse funds from creditors. On Monday, the Mt. Gox trustee announced that it will start repaying creditors next week, a move that could introduce more selling pressure and destabilize the market further. The […]
Orange-Osceola State Attorney Andrew Bain is drawing fire for a political evolution that took him from a registered Democrat to an appointee of Gov. Ron DeSantis — and now has him running as an independent for the job of Central Florida’s top prosecutor. Five years ago, Bain was a registered Democrat, voter records show, but […]
Millions of people along the southern coast of Texas were under severe weather advisories as officials warned of high storm surge, torrential rain and possible tornadoes as Tropical Storm Alberto barreled over northern Mexico. The first named storm in the 2024 Atlantic hurricane season made landfall in Mexico sometime between 4 a.m. and 7 a.m. […]
(Bloomberg) — One of the world’s most prominent technology ETFs looks poised for a big rebalancing that would ramp up exposure to Nvidia Corp. at the expense of Apple Inc. – spurring billions of dollars in trading volume in one fell swoop. Most Read from Bloomberg Barring an 11th-hour deviation from the methodology set out […]
Get ready for the newest bipartisan political phenomenon to hit the House of Representatives: the impeachment warrior. With Donald Trump’s first term — capped off by a bloody riot and siege of the Capitol aimed at overturning the last presidential election — in the mirror, Americans are looking ahead to an expected rematch between Trump […]
Rising ocean levels are a concern in many places worldwide, from islands in the South-West Pacific to canal-based cities like Venice in Italy. In the United States, many coastal areas are preparing for this situation, and the National Oceanic and Atmospheric Administration has shared an interactive map of how the country could look after sea-level […]
BARI, Italy — For all the ambitious plans that President Joe Biden and his counterparts unfurled at the summit meeting that ended Saturday, the cold reality is that many of the leaders may not remain in office long enough to see them ripen. A populist, far-right movement rippling through Europe and the U.S. threatens to […]
HARRISBURG, Pa. (AP) — Pennsylvania is seeing lots of action targeting gaps in its vote-by-mail laws. The problem is that it’s in the courtroom and not the legislature. That could make the most populous presidential swing state a hotbed of challenges and conspiracy theories if the November election is close, as expected. The state also […]