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Some offshore creditors of Country Garden consider forming group for debt revamp talks
Some offshore creditors of Country Garden consider forming group for debt revamp talks
By Xie Yu HONG KONG Some offshore creditors of embattled Chinese developer Country Garden are in talks with
2023-08-30 17:21
Factbox-China's measures to shore up its indebted property sector
Factbox-China's measures to shore up its indebted property sector
Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden, the
2023-11-08 16:19
UK shop price inflation at lowest in a year - BRC
UK shop price inflation at lowest in a year - BRC
LONDON Prices in British store chains rose at the slowest pace in a year in September, according to
2023-10-03 07:24
Commerce Department announces nearly $1 billion in grants for 'middle mile' internet access
Commerce Department announces nearly $1 billion in grants for 'middle mile' internet access
The federal effort to expand internet access to every U.S. home has taken a major step forward with the announcement of $930 million in grants to shore up connections in dozens of places where significant connectivity gaps persist
2023-06-16 17:58
Wall Street Overhauls Euro Calls After Dollar Slide Upends Bets
Wall Street Overhauls Euro Calls After Dollar Slide Upends Bets
Wall Street strategists are rejiggering their currency recommendations after the euro rose to its highest against the US
2023-07-13 03:55
Australia govt appoints Michele Bullock as next central bank governor
Australia govt appoints Michele Bullock as next central bank governor
SYDNEY Australia on Friday appointed Michele Bullock as the next central bank governor, replacing Philip Lowe. Reserve Bank
2023-07-14 07:55
Crypto firm Binance pulls out of Russia
Crypto firm Binance pulls out of Russia
Cryptocurrency firm Binance said on Wednesday it was selling its Russia business, months after reports suggested US authorities were...
2023-09-27 18:20
Wisconsin governor seals 400 years of public school funding increases with budget veto
Wisconsin governor seals 400 years of public school funding increases with budget veto
Wisconsin Gov Tony Evers, a Democrat, used his line-item veto power to enact a state budget that increases spending for public schools for the next 400 years, The Milwaukee Journal Sentinel reported. Mr Evers used the broad powers given to Wisconsin governors to strike a hyphen and the “20” from a reference to the 2024-2025 school year. The line-item veto will make sure that the limits that the state imposes on school districts on how much they are allowed to raise per student will increase by $325 until 2425. The line-item veto will table debates between the two parties during the budget-writing season. Republicans control the state legislature in Wisconsin. Mr Evers said that the move would “provide school districts with predictable long-term increases for the foreseeable future.” Mr Evers also used his line-item veto to nullify much of Republicans’ proposed $3.5m tax cut that would have mostly slashed taxes on the state’s wealthiest residents. But Robin Vos, the speaker of the state House, decried the move. “Legislative Republicans worked tirelessly over the last few months to block Governor Evers’ liberal tax and spending agenda. Unfortunately, because of his powerful veto authority, he reinstated some of it today,” he said in a statement. Dan Rossmiller, who represents the Wisconsin Association of School Boards, said that while the permanent annual funding was “certainly appreciated,” the additional funding could vary depending on the school district and that the rate might not meet or exceed inflation rates in some districts. “I wish the amount would have been higher,” he said. “With inflation at 40-year highs, it's really important to be able to attract and retain teachers and staff, and to be able to pay the increased costs of everything in a school district's budget.” Republicans likely could not override Mr Evers’s action since they lack a veto-proof majority in the state legislature. Read More Watch live: Trump aide Walt Nauta attends court on charges related to classified documents DeSantis doubles down on ‘homophobic’ anti-Trump ad: ‘Totally fair game’
2023-07-06 23:23
UK says a cyberattack was not the cause of air traffic problems that snarled flights
UK says a cyberattack was not the cause of air traffic problems that snarled flights
The British government says a cyberattack was not the cause of a breakdown at the nationwide air traffic control system that saw hundreds of flights delayed and canceled
2023-08-29 16:27
Chancellor Hunt Says UK Is on Track to Halve Inflation This Year
Chancellor Hunt Says UK Is on Track to Halve Inflation This Year
Chancellor Jeremy Hunt reiterated the UK government’s pledge to halve inflation this year, saying pressures on household budgets
2023-09-03 06:26
UBS Plans to Complete Credit Suisse Takeover as Early as June 12
UBS Plans to Complete Credit Suisse Takeover as Early as June 12
UBS Group AG expects to complete its acquisition of Credit Suisse Group AG as early as June 12,
2023-06-05 13:29
Hollywood strikes enter a new phase as daytime shows like Drew Barrymore's return despite pickets
Hollywood strikes enter a new phase as daytime shows like Drew Barrymore's return despite pickets
“The Drew Barrymore Show” will begin airing fresh episodes on Monday but a lot of off-air controversy will be clinging to its typically bubbly host
2023-09-16 23:29