BARI, Italy (AP) — A Group of Seven summit is opening Thursday with agreement on a U.S. proposal to back a $50 billion loan to Ukraine using frozen Russian assets as collateral, giving Kyiv a strong show of support even as Europe’s political chessboard shifts to the right. Diplomats confirmed that an agreement had been […]
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Supermodel Penelope Tree on busting the ‘Austin Powers idea of how the 60s were’
Penelope Tree says being a feminist was “completely not a thing” back when she worked as a supermodel in the Sixties. With her otherworldly look, American-born Tree was discovered as a teenager and swiftly became a key face of London’s Swinging Sixties. She crashed out of the fashion industry in her 20s after developing severe […]
Macron calls snap election after far right gains rattle EU’s traditional powers
Far-right parties have rattled the traditional powers in the European Union with major gains in parliamentary seats, dealing an especially humiliating defeat to French president Emmanuel Macron, who called snap legislative elections. Some ballots in the vote for the European Parliament are still being counted, but the outcome shows the 27-nation bloc’s parliamentary membership has […]
Global powers are helping Ukraine by giving it money frozen from Russia. That spells bad news for companies still doing business there.
Russian leader Vladimir Putin.Sergei Guneyev/Pool/AFP via Getty Images Western firms in Russia risk losing their assets if the US touches Russia’s frozen reserves, a think tank expert wrote. According to Elisabeth Braw, the Kremlin “has the power to harm any Western company it chooses.” Currently, the West is trying to avoid such issues by using […]
Texas Utility Stock Powers Past Nvidia in 300% AI-Fueled Rally
(Bloomberg) — The demand to feed the engines of artificial intelligence has helped vault shares of one of the largest US power producers, Vistra Corp., higher even than Wall Street darling Nvidia Corp. Most Read from Bloomberg Investors, including Daniel Loeb, the billionaire founder of Third Point LLC, have been snapping up Vistra stock in […]
Zscaler shares soar as strong cybersecurity demand powers upbeat Q4 forecast
(Reuters) – Zscaler forecast fourth-quarter revenue and profit above estimates on Thursday, as businesses spend more on cybersecurity and networking solutions to combat complex online threats, sending its shares up 14% after the bell. Cybersecurity has become more crucial in the recent years amid rising online threats and a rapid rise in artificial intelligence that […]
EU official denies allegation that Western powers want to delay South Sudan’s elections
JUBA, South Sudan (AP) — The European Union delegation in South Sudan has denied reports that it is working to delay elections in the country as was alleged by President Salva Kiir. Deputy Head of the EU Delegation Lothar Jaschke said Thursday that his group is fully supporting an environment to enable elections, a constitution […]
Police to be given new powers to shut down pro-Palestinian protests
Police will be given new powers to shut down pro-Palestinian protests, under plans being considered by the Home Office. Officials are drawing up a series of ways to amend sections of the Public Order Act which allows processions to be banned and public assemblies to be restricted. It comes as an official review by Lord […]
Despite consumer watchdog’s US Supreme Court win, agency powers still on chopping block
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court’s decision safeguarding the Consumer Financial Protection Bureau – the nation’s consumer finance watchdog – earned plaudits from supporters of robust federal regulation. But their praise for the court may prove short-lived. Powered by its 6-3 conservative majority, the court has emerged in recent years as […]
UPDATE 1-Super Micro forecasts quarterly revenue above estimates as AI powers server demand
(Adds shares, background, details in paragraph 2-7) April 30 (Reuters) – Super Micro Computer forecast fourth-quarter revenue above estimates on Tuesday as it expects continued demand for its servers used in artificial intelligence applications. Super Micro’s in-house liquid cooling solutions for servers have helped it get products to the market quicker than its competitors, who […]
French minister calls for greater powers against organized crime
Those convicted of belonging to organized crime groups in France will face up to 20 years in prison under new criminal statutes being introduced by the government, French Justice Minister Éric Dupond-Moretti said in an interview with the Tribune Dimanche newspaper published on Sunday. A new specialized national public prosecutor’s office will also be created […]