Hope can be hard to find on the seafront in Skegness, where the flatlands of Lincolnshire shelve imperceptibly into the grey North Sea, and an economic pall and a sense of broken promises hang over the town. In Britain’s “capital of Brexit”, the issue of migration continues to dominate, seven years after the town voted
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Russia’s president, Vladimir Putin, has slammed the actions of the elites in the U.S. and Europe, stating that they do not always act in the best interest of their own people. “It will backfire on them,” he said. Putin also called for a cohesive response to the West’s economic aggression, emphasizing that Russia will strengthen
A Russian official has revealed that regular discussions are being held between Russia and other BRICS member nations regarding the expansion of the economic group. “This requires a thorough analysis and delicate internal work by the five countries to reach a consensus,” according to Russia’s Foreign Ministry. Member Countries Discuss BRICS Expansion Maria Zakharova, the
press release PRESS RELEASE. Pleasant Grove, Utah – The Mirror Protocol, a trailblazing decentralized finance (DeFi) project, proudly announces the launch of its highly anticipated pre-sale. This state-of-the-art platform empowers users to seamlessly diversify their portfolios with the most sought-after blue-chip cryptocurrencies available today. The pre-sale event showcases an extensive array of The Mirror Protocol
A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of its members. While the plan is to abandon the U.S. dollar in mutual payments, participating nations are yet to consider a common currency. Shanghai Cooperation Organization to Abandon Dollar in Favor of National Currencies The
The year is 1959 and the place is Melbourne. A 25-year-old actor with a fondness for Samuel Beckett, booze, poetry and outrageous pranks has just got married for the second time, to a beautiful ballet dancer. Keen to escape the stultifying suburbia of his childhood, he and his new wife board a steamer bound for
As it approaches a deadline on a state-backed incentive package, electric automaker Rivian faces fresh legal headaches in its plans for a $5 billion production plant in rural Georgia. A deal negotiated between Rivian, the Georgia Economic Development Commission, and the Joint Development Authority for Jasper, Morgan, Newton, and Walton Counties, with the blessing of
It costs 20 roubles per page to write to my best friend, 65 for the envelope, 75 more so he has the option to reply. Last month, we were chatting on a beach. Now it’s letters to Lefortovo prison, and a quiet prayer that he will receive them soon. Evan Gershkovich, an American journalist for
US investors’ enthusiasm for green investments has begun to wane in the face of repeated attacks on “woke capitalism” by Republicans, in a growing contrast to the billions still pouring into sustainable strategies in Europe. Funds marketed with a sustainable label were hit with $12.4bn in net outflows in the US in the past 12
Hedge funds betting against US technology stocks have been battered by $18bn of losses after Big Tech’s robust earnings fuelled a sharp rebound in the sector. Crispin Odey and James Hanbury are among the hedge fund managers burned by a 16 per cent rally in the Nasdaq Composite this year, as a number of stocks
Municipals were steady throughout most of the curve ahead of a new-issue calendar of $6 billion. U.S. Treasuries were firmer and equities were mixed. “Investors’ jitters in the lead up to next week’s Fed meeting resulted in some large macro market moves and a rise in volatility,” noted BofA Securities strategists in a weekly report.
The rate of capture of sales and use taxes supporting the Puerto Rico Sales Tax Financing Corp. (COFINA) bonds has improved, the Puerto Rico Treasury Department said. The collection rate compared to the legally liable amount was 77% in fiscal 2022, a study by the Treasury’s Office of Economic and Financial Affairs showed. That compared
Almost 12 months back, terrausd (UST), an algorithmic stablecoin, suffered a detachment from the U.S. dollar, causing the Terra ecosystem to crumble shortly thereafter. At present, supporters of the Terra Classic blockchain community are deliberating on a plan to revive the ecosystem by re-establishing the once-stable token’s peg with the U.S. dollar. In response to
A California appellate court Thursday resurrected a lawsuit accusing prominent Wall Street banks of conspiring to manipulate the variable-rate debt market. The 1st District Court of Appeal reversed a lower court ruling less than two days after hearing arguments in the case, which dates back nearly 10 years. It’s the latest turn in a series
Indianapolis Public Schools and at least 30 Michigan school district voters will decide Tuesday the fate of more than $2.5 billion worth of borrowing for infrastructure work, new schools, and safety-related projects. Indianapolis Public Schools seeks $410 million for projects throughout the district with 23 schools in line for improvements. The borrowing would help pay
Richard Sharp was adamant he had done little wrong, insisting that an investigation into the circumstances of his appointment as BBC chair proved any breach of relevant rules was “inadvertent and not material”. But Adam Heppinstall KC, who was asked by the commissioner for public appointments to conduct an inquiry, was clear in his report
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April municipal bond issuance dropped 24% year-over-year as issuers dealt with higher rates and states and municipalities are still flush with unspent stimulus cash. Total volume for the month was $30.599 billion in 577 issues, down from $40.423 billion in 900 issues a year earlier, according to Refinitiv data. Tax-exempt issuance was down 7.5% to $28.539
Sources have revealed that U.S. government officials are in talks to rescue First Republic Bank, a struggling financial institution. The discussions involve the U.S. Treasury, the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve, according to reports on Friday. Private-Sector Deal Preferred as U.S. Government Officials Discuss First Republic Bank Rescue Efforts Market observers
The New York Stock Exchange (NYSE) in New York, US, on Tuesday, March 28, 2023. Victor J. Blue | Bloomberg | Getty Images As investors navigate another uncertain year in markets, actively managed funds could add differentiated performance to their portfolios – if traders choose carefully. Actively managed funds have historically underperformed passive strategies, but
American Indian tribes being squeezed by inflation and legacy obstacles to bond issuance testified in front of the House Appropriations Committee on Friday, calling for increases in federal spending to meet critical needs on tribal land. The sympathetic hearing was chaired by Rep. Tom Cole, R-Okla., a member of the Chickasaw nation who acknowledged a