WATCH: White House says Biden administration is preparing to release CHIPS funds
Synopsis by Reuters Sep 23 22
White House Press Secretary Karine Jean-Pierre briefs reporters after Biden’s recent comments on Trump loyalists. Secretary of Commerce Gina Raimondo joins the ...Read full article
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| Last Updated | Sep 23 22 |
| Total Articles | 4 |
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head of state and head of government of the United States of America
White House Press Secretary Karine Jean-Pierre briefs reporters after Biden’s recent comments on Trump loyalists. Secretary of Commerce Gina Raimondo joins ... Show more #Reuters #live #news #WhiteHouse #POTUS
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WATCH: White House says Biden administration is preparing to release CHIPS funds: U.S. Commerce Secretary Gina Raimondo announced Tuesday that the Biden ...
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US to grow at double the rate of G7 peers this year, says IMF: Fund also upgrades inflation forecasts as strong demand and tight labour market delay possible Fed ...
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Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
Brazil seeks to weaken fiscal targets it set only a year ago: Leftist administration of Luiz Inácio Lula da Silva wants greater flexibility on budget surplus ...
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Quick Glance: Brazil Moves to Relax Fiscal Targets Set a Year Ago
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- Brazilian President Luiz Inácio Lula da Silva’s government is seeking to loosen its own budget targets as investor concerns rise about the risk of fiscal slippage in Latin America’s largest economy
- Ministers intend to balance the budget next year, replacing the previous goal for income to exceed outgoings by 0.5 per cent of gross domestic product
- Analysts warn that the current deficit targets are unrealistic and likely to be tweaked, prompting investors to express concerns about Brazil’s economic approach under Lula
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Quick Glance: Prince Harry Officially Residing in U.S.
- Prince Harry and his wife Meghan have considered California home, and now his official residency in the U.S. has been documented in a corporate filing.
- The document was filed at Britain’s corporate registrar, Companies House, to update the official residency of the British royal for business records of Travalyst Limited.
- There had been little official confirmation of Harry’s residency status until this week, with an entry indicating a change of residency to June 29, 2023, the day the couple left Frogmore Cottage, their British home.
- It is unclear what type of U.S. visa or residency permit Harry holds, despite efforts by conservative activists in the U.S. to ascertain them, including an ongoing lawsuit.
US deficit poses ‘significant risks’ to global economy, warns IMF: Fund also cites concerns over fiscal ‘imbalances’ in UK, China and Italy
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Quick Glance: IMF Warns of Fiscal Deficits in US and China
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- Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.
- In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.
- The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.
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- A complex network of shell companies, ultimately owned by Sassou Nguesso, funneled millions of dollars out of Congo, with a portion allegedly used to acquire the apartment.
- The FACT Coalition advocates for stricter oversight in real estate transactions to combat illicit financial flows and supports a proposal by the Treasury Department for reporting suspicious activities in the real estate sector.
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Kennedy family to endorse Biden in show of force against RFK Jr.: Biden advisers are worried RFK Jr. could swing the election.
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- Kerry Kennedy, daughter of former Attorney General Robert F. Kennedy, niece of former President John F. Kennedy, and sister of the current presidential candidate, delivered the endorsements in Philadelphia, calling Biden her hero.
- The decision to highlight the Kennedy family's support more than six months from Election Day indicates how seriously Biden's team is taking a long shot candidate using his last name's lingering Democratic magic.
- Biden used the event to keep up the pressure on Trump, emphasizing the importance of the election not for himself, but to keep Trump out, stating the race was significant due to the potential consequences if they lose this election. The Kennedy family endorsements for Biden were hardly a surprise, as prominent members of the Democratic family did not politically align with Kennedy Jr.
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- Central to the trial is a payment of $130,000 made by Cohen just before the 2016 election to adult film actress Stormy Daniels, aimed at preventing her allegations of a sexual encounter with Trump from being publicized in the campaign's final stretch.
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- Republicans argued that President Joe Biden was ineffective at the border, while Democrats suggested accepting a bipartisan Senate compromise instead of impeaching Mayorkas to reduce illegal immigrants.
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- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
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- Jill Biden highlighted President Biden's achievements in LGBTQ2S+ rights and called for continued fight for freedom and equality.
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Quick Glance: Over 100 Pro-Palestinian Protesters Arrested at Columbia Campus
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- Demonstrators violated school rules by holding unauthorized protests.
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Biden is seeking higher tariffs on Chinese steel as he courts union voters: President Joe Biden wants to triple U.S. tariffs on steel from China ...
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Quick Glance: Joe Biden Calls for Significant Increase in Tariffs on Chinese Steel
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- During a meeting with United Steelworkers union members in Pittsburgh, Biden calls on trade representative Katherine Tai to raise the tariffs from the current average of 7.5 percent.
- The main focus of the measures is to combat China's new export surge and the ongoing price pressure that makes it difficult for American steel companies to compete.
- The Biden administration's decision to increase tariffs is expected to impact recent efforts by Washington and Beijing to stabilize relations.
Ecuador's Noboa Shuts Down Nation on Electricity Crisis, Blaming Drought: Ecuador’s President Daniel Noboa ordered businesses and government offices to shut ...
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Warwick Davis' wife Samantha dies aged 53: Samantha Davis, who co-founded the charity Little People UK, has died
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Quick Glance: 'Harry Potter' Actor Mourns Loss of Beloved Wife
- Actor Warwick Davis from 'Harry Potter' mourns the loss of his beloved wife, Samantha Davis, who passed away at the age of 53.
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- Warwick emphasized his wife's caring spirit and community involvement as they co-founded the Little People U.K. charity together.
- Together, they leave behind two children, Annabelle and Harrison, who honor their mother as their best friend and a source of love and happiness.
Nvidia drops 10% as investors see risk in Big Tech shares: US stock markets suffer their worst run since October 2022 as investors pull back from AI bets
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Rishi Sunak launches crackdown on Britain’s ‘sick note’ culture: Mental and behavioural disorders were most common cause given by doctors for ordering workers to ...
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Quick Glance: Arizona Republicans foil another effort to repeal 1864 abortion ban
- Arizona House Republicans once again thwarted an attempt on Wednesday to repeal the state's nearly complete abortion ban from 1864, leaving Democrats without a vote on their repeal bill for the second consecutive week.
- Despite facing pressure from influential conservatives, such as former President Trump and Senate hopeful Kari Lake, urging GOP leaders to lift the ban, the Republicans blocked the repeal.
- State House Democrats made a procedural maneuver to attempt to suspend House rules and bring the repeal bill to the floor for discussion. However, this action was rejected by the GOP majority, with only one Republican, Representative Matt Gress, crossing party lines to support bringing up the repeal bill.
- A similar endeavor to repeal the ban was obstructed by Republicans last week. Following persistent criticism of the law by Democrats both within and outside the state throughout the week, prominent figures like Trump and Lake recognized the political risks and advocated for a change in direction within the Legislature.
Civil War: From filmmaker Alex Garland comes a journey across a dystopian future America, following a team of military-embedded journalists as they race against ...
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Dems bank on Trump trial boosting Biden: Democrats are hopeful that President Biden’s freedom to hit the campaign trail while former President Trump is stuck in ...
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Cocoa hits record high as global shortage worsens in first quarter: London futures prices near £10,000 a tonne as poor west African harvests hit supplies
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BlackRock assets under management hit record $10.5tn: Net income rises 36% in first quarter
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Zelensky urges NATO for aid: 'This year we can't wait for decisions to be made': Speaking with NATO defense ministers, Ukraine's President asked them to choose ...
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- Stoltenberg acknowledges new pledges of support from Germany, Denmark, and the Netherlands, stressing the importance of earlier and increased assistance.
- These statements precede a meeting with Ukrainian Foreign Minister Dmytro Kuleba and the NATO-Ukraine Council, with President Volodimir Zelenski participating via video link.
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Quick Glance: Trump Faces Landmark Trial Over Hush Money Case
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Opinion | Gaza Is Biden’s War Now: The president didn’t start the war in the Middle East. But now it could define his campaign — and his legacy.
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Quick Glance: Biden vows to keep U.S. Steel in American hands
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- Despite a growing economy, perceptions of the economy remain Biden's major weakness, as critics question his policies and opponents highlight ongoing economic challenges.
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U.S. vetoes proposal to give Palestinians full UN membership, 12 of 15 member countries vote in favor
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Quick Glance: Tiger Woods Sets Record
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Password crackdown leads to more income for Netflix: Netflix to stop reporting subscriber numbers, prioritizing viewer engagement instead.
ft.com/content/3c71289c-74af-4c9e-8327-d92b1f723dd3
Quick Glance: Netflix to Cease Reporting Subscriber Numbers from 2025
- Netflix will no longer report subscriber numbers starting from the first quarter of 2025. The announcement came with the first quarter 2024 results where Netflix exceeded expectations.
- Despite the success in the first quarter, Netflix shares dropped over 4.5% after-hours upon revealing the decision to stop reporting quarterly subscriber totals.
- The choice to discontinue reporting quarterly membership numbers or average revenue per member is based on Netflix's belief that engagement time is the best indicator of customer satisfaction.
- Netflix plans to announce major subscriber milestones but will halt reporting quarterly subscriber numbers and shift investor focus towards time-spent-viewing metrics.
Mideast Enters Dangerous New Phase With Iran’s Attack On Israel: Israel and allies including the US, UK and France managed to mostly foil an unprecedented attack ...
bloomberg.com/news/articles/2024-04-14/mideast-enters-dangerous-new-phase-with-iran-s-attack-on-israel
Paid articlePaid Amazon could soon be forced to recognise UK's GMB trade union: U.S. technology and retail giant Amazon AMZN.O could soon be required to formally recognise the ...
reuters.com/world/uk/amazon-could-soon-be-forced-recognise-uks-gmb-union-2024-04-19/
A not so fond farewell: the Americanisation of Prince Harry is almost complete : The Sussexes have dropped their biggest hint yet that they may finally swap ...
independent.co.uk/voices/us-harry-megan-duke-sussex-royals-b2530851.html
Paid articlePaid Fed’s John Williams Sees No Rush o Cut Interest Rates: Federal Reserve Bank of New York President John Williams said that there’s no rush to lower interest rates ...
bloomberg.com/news/articles/2024-04-18/new-york-fed-s-williams-sees-no-urgency-to-cut-interest-rates
Paid articlePaid Prince Harry says travel industry must do more for local communities: Britain's Prince Harry said it was crucial the travel industry did better by the local ...
reut.rs/3xCNkZB
Sydney church stabbing: bishop injured in second knife attack: Bishop Mar Mari Emmanuel was injured while delivering a sermon that was being streamed online ...
thetimes.co.uk/article/sydney-stabbing-church-priest-bishop-ngc5cjffr
Paid articlePaidQuick Glance: Bishop's Premonition and Stabbing Incident
- A well-known Sydney bishop, stabbed during a sermon, had been warned of a potential attack on his life in recent weeks.
- The attack on Bishop Mar Mari Emmanuel, allegedly by a 15-year-old, occurred at the Christ the Good Shepherd Church in Wakeley on Monday night following a sermon where the bishop mentioned that his death was imminent.
- The bishop clarified that his potential passing would not be an attempt to escape or avoid life, but rather a conscious desire to be with God.
- A 15-year-old boy was arrested after the attack on the bishop and three other men during a service at an Assyrian Orthodox church in Sydney's southwest. The bishop was taken to the hospital with multiple stab wounds and is currently in stable condition.
In surprise, Biden faces real threat from Trump with Hispanic voters: When President Biden visited a Mexican restaurant in Phoenix, Ariz., last month ...
thehill.com/homenews/campaign/4597632-in-surprise-biden-faces-real-threat-from-trump-with-hispanic-voters/
RAF shot down 'a number of drones' in Iran's attack on Israel: Rishi Sunak has confirmed that the RAF shot done Iran attack drones headed towards ...
news.sky.com/story/raf-shot-down-a-number-of-drones-in-irans-attack-on-israel-pm-confirms-13115066
How Iran’s Revolutionary Guard is working to gain a foothold in Britain: Accused of more than a dozen assassination attempts and kidnaps, the IRGC appears to be ...
thetimes.co.uk/article/iran-revolutionary-guard-irgc-build-backing-britain-t729tztlq
Paid articlePaid NC governor says Biden can win state: North Carolina Gov. Roy Cooper (D) said Wednesday he thinks President Biden can win his state in this year’s upcoming ...
trib.al/9QpyWxv
GOP impeachment efforts hit brick wall: Republican impeachment efforts against President Biden and his Cabinet appear to have hit a brick wall after the Senate ...
trib.al/W63HWrn
Northern Lights will be visible in the UK tonight - best places to see aurora: The aurora borealis - or Northern Lights - are set to make an appearance on Friday ...
mirror.co.uk/news/uk-news/northern-lights-tonight-met-office-32629724
Britain unveils its next-gen main battle tank: Rheinmetall BAE Systems Land (RBSL) has rolled out Europe’s most advanced tank, the latest Challenger 3 prototype ...
defence-blog.com/britain-unveils-its-next-gen-main-battle-tank/
'Manhunt': Tobias Menzies Explains That Double-Edged Finale: Plus, the Emmy winner reveals his favorite Stanton and Lincoln scene.
tvinsider.com/1132182/manhunt-finale-tobias-menzies-edwin-stanton-andrew-johnson-impeachment/
Only 9 percent of young Americans say US ‘headed in the right direction’: Survey: Only 9 percent of young Americans believe the U.S. is headed in the right ...
thehill.com/homenews/administration/4602246-only-9-percent-of-young-americans-say-us-headed-in-the-right-direction-survey/
Rishi Sunak faces cabinet revolt over leaving ECHR: Chancellor, home secretary and justice secretary are among a dozen ministers against leaving the European ...
thetimes.co.uk/article/rishi-sunak-faces-cabinet-revolt-over-leaving-echr-k8tfndfxq
Paid articlePaidQuick Glance: Cabinet Revolt Looms Over Rishi Sunak's ECHR Exit
- According to reports by The Times, Rishi Sunak would face opposition from at least 12 cabinet ministers if he decides to leave the European Convention on Human Rights.
- It is understood that Jeremy Hunt, the chancellor, James Cleverly, the home secretary, Alex Chalk, the justice secretary, and Chris Heaton-Harris, the Northern Ireland secretary, are among those against leaving the convention.
- Following a significant ruling by the European Court of Human Rights in Strasbourg on Tuesday that governments have a duty to protect people from climate change, there is a growing sentiment among Conservative MPs to withdraw from the ECHR.
- Last week, Sunak issued a threat to exit the ECHR if flights to Rwanda are not resumed.
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