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Australia’s Economy Cools as Aggressive Rate Hikes Take Toll
Australia’s Economy Cools as Aggressive Rate Hikes Take Toll
Australia’s economy slowed in the first three months of the year as the Reserve Bank’s aggressive policy tightening
2023-06-07 10:29
The mismatched metamorphosis of Turkey's financial markets
The mismatched metamorphosis of Turkey's financial markets
By Marc Jones and Canan Sevgili LONDON Whisper it, but for all the warnings of a Turkish financial
2023-07-20 13:17
Glencore to Lead $9 Billion Deal to Buy Teck’s Coal Division
Glencore to Lead $9 Billion Deal to Buy Teck’s Coal Division
Teck Resources Ltd. is set to sell its coal business to commodities trader and miner Glencore Plc, Japan’s
2023-11-14 14:28
Highway safety agency reports power problems in 2022 Hyundai Ioniq 5 SUVs
Highway safety agency reports power problems in 2022 Hyundai Ioniq 5 SUVs
U.S. regulators say multiple U.S. owners of Hyundai’s popular Ioniq 5 electric SUV have complained of completely or partially losing propulsive power, many after hearing a loud popping noise
2023-06-18 00:53
Debt limit talks seem to make little headway as Biden, world leaders watch from afar for progress
Debt limit talks seem to make little headway as Biden, world leaders watch from afar for progress
Debt limit talks between the White House and House Republicans stopped, started and stopped again heading into a weekend where President Joe Biden and world leaders watched from afar, hoping high-stakes negotiations would make progress on avoiding a potentially catastrophic federal default. In a sign of a renewed bargaining session, food was brought to the negotiating room at the Capitol on Saturday morning, only to be carted away hours later. No meeting was likely Saturday, according to a person familiar with the state of the talks who was not authorized to publicly discuss the situation and spoke on condition of anonymity. Biden's administration is reaching for a deal with Republicans led by House Speaker Kevin McCarthy, R-Calif. The sides are up against a deadline as soon as June 1 to raise its borrowing limit, now at $31 trillion, so the government can keep paying the nation’s bills. Republicans are demanding steep spending cuts the Democrats oppose. Negotiations had came to an abrupt standstill Friday morning when McCarthy said it was time to “pause” talks. Then the teams convened again in the evening, only to quickly call it quits for the night. Biden, attending a meeting of global leaders in Japan, tried to reassure them on Saturday that the United States would not default, a scenario that would rattle the world economy. He said he felt there was headway in the talks. “The first meetings weren’t all that progressive, the second ones were, the third one was,” he said. The president said he believes "we’ll be able to avoid a default and we’ll get something decent done.” Negotiators for McCarthy said after the Friday evening session that they were uncertain on next steps. “We reengaged, had a very, very candid discussion, talking about where we are, talking about where things need to be, what’s reasonably acceptable," said Rep. Garret Graves, R-La. Rep. Patrick McHenry, R-N.C. was asked if he was confident an agreement over budget issues could be reached with the White House. He replied, “No.” As the White House team left the nighttime session, Biden counselor Steve Ricchetti, who is leading talks for the Democrats, said he was hopeful. “We're going to keep working,” he said. McCarthy had said resolution to the standoff is “easy,” if only Biden's team would agree to some spending cuts Republicans are demanding. The biggest impasse was over the fiscal 2024 top-line budget amount, according to a person briefed on the talks and granted anonymity to discuss them. Democrats contend the steep reductions Republicans have put on the table would be potentially harmful to Americans, and they are insisting that Republicans agree to tax increases on the wealthy, in addition to spending cuts, to close the deficit. Wall Street turned lower as negotiations came to a sudden halt. Experts have warned that even the threat of a debt default would could spark a recession. Republicans argue the nation's deficit spending needs to get under control, aiming to roll back spending to fiscal 2022 levels and restrict future growth. But Biden's team is countering that the caps Republicans proposed in their House-passed bill would amount to 30% reductions in some programs if Defense and veterans are spared, according to a memo from the Office of Management and Budget. Any deal would need the support of both Republicans and Democrats to find approval in a divided Congress and be passed into law. Negotiators are eyeing a more narrow budget cap deal of a few years, rather than the decade-long caps Republicans initially wanted, and clawing back some $30 billion of unspent COVID-19 funds. Still up for debate are policy changes, including a framework for permitting reforms to speed the development of energy projects, as well as the Republican push to impose work requirements on government aid recipients that Biden has been open to but the House Democratic leader Hakeem Jeffries of New York has said was a "nonstarter." McCarthy faces pressures from his hard-right flank to cut the strongest deal possible for Republicans, and he risks a threat to his leadership as speaker if he fails to deliver. Many House Republicans are unlikely to accept any deal with the White House. Biden is facing increased pushback from Democrats, particularly progressives, who argue the reductions will fall too heavily on domestic programs that Americans rely on. ___ Associated Press writers Zeke Miller and Josh Boak in Hiroshima, Japan, and AP Congressional Correspondent Lisa Mascaro contributed to this report. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide Will Biden's hard-hat environmentalism bridge the divide on clean energy future? Russia warns of ‘colossal risks’ if F-16 fighter jets sent to Ukraine G7 'outreach' an effort to build consensus on global issues like Ukraine, China, climate change
2023-05-21 01:56
SolarEdge forecasts dour Q4 revenue as demand concerns loom; shares plunge
SolarEdge forecasts dour Q4 revenue as demand concerns loom; shares plunge
SolarEdge Technologies on Wednesday forecast fourth-quarter revenue below Wall Street estimates on weak demand for its solar inverters,
2023-11-02 05:20
Wang Haige to Step Down as Chairman of Huading Awards Group within the Year
Wang Haige to Step Down as Chairman of Huading Awards Group within the Year
LOS ANGELES--(BUSINESS WIRE)--May 9, 2023--
2023-05-10 01:20
Qatar signs 27-year gas supply deal with France's Total: state energy firm
Qatar signs 27-year gas supply deal with France's Total: state energy firm
Qatar has agreed to supply France's TotalEnergies with natural gas for 27 years, its state energy company...
2023-10-11 17:47
Ericsson says uncertainty in networks business to persist into 2024
Ericsson says uncertainty in networks business to persist into 2024
STOCKHOLM Ericsson on Tuesday said it expected the uncertainty impacting its mobile networks business to persist into 2024,
2023-10-17 13:15
US inflation cooled in June for the 12th straight month
US inflation cooled in June for the 12th straight month
What a difference a year makes.
2023-07-12 20:46
Is the Hot Wheels Oceangate Titan sub toy real?
Is the Hot Wheels Oceangate Titan sub toy real?
If you thought the endless stream of tasteless social media posts about the Titan sub had finally run dry, you’d sadly be mistaken. TikTok, Facebook and Twitter remain awash with jokes, memes, and morbid questions about the Ocean Gate vessel, which claimed the lives of the five souls on board during a catastrophic journey down to the wreckage of the Titanic. The latest trend, when it comes to the tragedy, involves an unlikely third party: Hot Wheels. A search of “Ocean Gate Hot Wheels” on the popular apps throws up a number of images, purporting to show a miniature recreation of the submersible. Sign up for our free Indy100 weekly newsletter The special edition toy appears to come boxed in Hot Wheels-branded packaging, implying that you could pick up your own figurine online or from your favourite retailer. Indeed, the prospect has appealed to a number of (dare we say, sick?) commentators, who have responded with clamours that they “need” to get their hands on one. @iron.micro.garage In Memory Of the Titan Victims #hotwheels #mattel #oceangate #titan #titanic The problem there is… the toy doesn’t exist. Or, at least, not in a commercially available form and certainly not in any way endorsed by Hot Wheels, according to our research. Instead, it seems to be the brainchild of 3D printing nerds with too much time on their hands and too little thought for the victims’ families. One website is charging £3 for a design for a 3D printable model of the Titan. Meanwhile, TikTokers are touting their own digital versions, available to download in a JPEG format. Other social media users have suggested that the widely shared, and deceptive, pictures of the “Ocean Gate Hot Wheels” sub were inspired by existing toys. One such commentator posited that the sub bore an uncanny resemblance to a Minions “Grumobile”, from the film Despicable Me, which actually does exist in Hot Wheels form. @hitmonching #titanic #titanicmovie #titanicsinking #titanicchallenge #titanicsubmarine #titanicwreck #movie #minion #minions #grumobile #titanicmuseum #titanic2 #titanicmovie1997 #hotwheels #hotwheelscollections #hotwheelscollector #hotwheelsdaily #hotwheelshunter #hotwheelsracing #hotwheelscollection #toyhunt #toyhunter #toyhuntersph #philippines #mattel #disney #marvel #dc #dccomics #starwars #tmnt #batman #batmobile #spacejam #supermario #mariokart #justiceleague #avengers #spiderman #acrossthespiderverse #bentley #classic #90s #80s #70s #60s #chevy #mustang #lexus #mazda #honda #yamaha #bmw #jeep #bus #rollsroyce #tesla #vintagecars #camaro #btas #ferrari #shelby #pontiac #astonmartin #corvette #dodgers #mercedesbenz #xmen #hummer #dodgecharger #nissan #skyline #gtr #f1 #landrover #subaru #porsche #volvo #snoopy #barbie #greenhornet #pajero #quicknbite #dmc #delorean #toyota #nissan #van #corvette #koombi All we can say is, to anyone scouring the internet for their own Titan collectible, we recommend you get something else instead… It’s called a life. Need we remind you that five people lost their lives on that tiny submarine, and their loved-ones don’t appreciate your hideously tactless attempt at humour. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-07-03 20:15
Vietnam Stocks Set to Hit Eight-Month High as Outlook Improves
Vietnam Stocks Set to Hit Eight-Month High as Outlook Improves
Vietnam’s stocks rose, with the benchmark index on track to close at its highest level in more than
2023-06-13 11:28