Rishi Sunak’s government on Thursday refused to hand over Boris Johnson’s unredacted WhatsApp messages to the official Covid public inquiry, instead launching a legal challenge to try to keep them secret. The move puts Sunak at loggerheads with the inquiry, headed by former judge Baroness Heather Hallett, and fuelled claims by opposition parties that he
Elon Musk’s SpaceX has secured US funding to provide satellite internet to the Ukrainian military, as its founder abandoned his stated doubts over how his company’s terminals were being deployed in a major conflict. The Department of Defense has agreed to buy Starlink terminals from Musk but has not disclosed the quantities it will purchase,
What if Apple came up with its most important new product in years and the world yawned? Next week’s expected unveiling of Apple’s mixed reality headset — a product that combines virtual reality with augmented reality, which overlays a digital world on to the real one — feels oddly out of step with the times.
Compared with what could have happened, it was close to being the least bad outcome possible. The deal that President Joe Biden struck with Kevin McCarthy, the Republican Speaker, to avert a US sovereign default was hammered out under duress. No other large economy has a debt ceiling rule let alone a routine habit of
In this article VSCO LCID VEEV OKTA CRM AI PSTG CRWD PVH HRL CHWY NTAP DG BLUE Follow your favorite stocksCREATE FREE ACCOUNT A sign is posted in front of a Dollar General store in Vallejo, California, March 17, 2022. Justin Sullivan | Getty Images Check out the companies making the biggest moves midday. Dollar
Nevada lawmakers are weighing a $380 million public financing package to help pay for a stadium if the Oakland Athletics Major League Baseball team relocates to Las Vegas. If the deal moves forward, the state will have wooed away the California city’s professional baseball team and its professional football team, the Raiders, a National Football
Political brinkmanship has the nation’s credit rating headed towards a race against the clock in the U.S. Senate, though the crisis now appears near resolution after the House Wednesday night passed the 99-page Fiscal Responsibility Act of 2023, a bipartisan effort to avoid default. Municipal market participants are moved to cautious optimism about the latest events.
Goldman Sachs is preparing for “a tougher environment” by laying off more employees, which may help it surpass a $600mn savings target from job cuts, one of the bank’s top executives said on Thursday. The warning from Goldman president John Waldron underscores the increasingly gloomy outlook on Wall Street as rising interest rates have damped
When Jamie Dimon, head of JPMorgan, flew to Shanghai this week, he might have expected to attract attention for his views on Sino-American relations. But that was before Bill Ackman, the veteran activist investor, jumped in. On Wednesday, Ackman issued a passionate appeal for Dimon to throw his hat into the 2024 presidential race, challenging
Circle recently announced plans for a June 8 launch of a new native version of its USD Coin (USDC) stablecoin on the Arbitrum network. 1/ Circle is launching USDC natively on @Arbitrum on June 8th! Keep scrolling or read the blog to learn more about this launch and how to migrate liquidity from “bridged USDC”
The British state is, for a reporter, a deeply irritating entity. Officials, ministers and advisers all too often believe that the core power of government is its ability to control the flow of information. That is also part of why it is so difficult for businesses to engage with the UK government. This was shown
The city of St. Louis recently launched a revolutionary approach for evaluating businesses seeking economic development incentives. The new “scorecard” relies on an innovative, community benefits evaluation model for projects to shape future growth and increase transparency in how the city distributes tax incentives. The underlying issue behind the need for the St. Louis scorecard is
Facebook’s parent company has unveiled its latest virtual reality device, signalling a continued commitment to building an avatar-filled “metaverse” while seeking to grab attention ahead of rival Apple’s anticipated headset launch next week. In a video posted on his Instagram account on Thursday, Meta chief executive Mark Zuckerberg teased the new Quest 3 product, which
Losing one finance director is an isolated misfortune. But when a quarter of FTSE 100 finance directors box up their desk contents in the space of a few months, it is clear something does not quite add up. The level of churn is remarkable. Both Unilever and Prudential announced the departure of their finance directors this
In the three decades since the end of the cold war, the leafy streets around Mimosa Plus Golf Course in Clark, an area about 92km north of the Philippines’ capital Manila, have been largely quiet, populated mainly by retirees. But one day in April, about 100 US troops were sitting on a pavement and more
A lawsuit against the Oklahoma Turnpike Authority over the initial disclosure to the general public of its $5 billion, bond-financed extension project ended in defeat Wednesday with the state Supreme Court overturning a lower court ruling that found the agency violated the Open Meeting Act. The ruling comes as the high court continues to weigh
Ejs9 | E+ | Getty Images Assessing how fast prices are changing for consumers may sound straightforward. But that’s not always the case — measurement quirks in consumer price index categories such as housing, technology and health insurance mean inflation readings don’t always jibe with the actual prices people pay. The dynamic is important: It
Most crypto investors probably aren’t thinking about divorce or what will happen to their digital assets in the event of separation, but lawyers say it’s becoming a very common scenario as more people hold crypto assets. Last year, market research firm GWI suggested that as much as 10.2% of global internet users aged 16 to
Georgia, a major cryptocurrency-friendly country among Post-Soviet states, is preparing to start monitoring crypto firms to prevent money laundering and comply with sanctions. The National Bank of Georgia plans to launch mandatory supervision of virtual asset service providers (VASP) starting Sept. 1, 2023. NBG’s acting governor Archil Mestvirishvili said that the new regulatory measures will
BitCulture explores arts, culture, music and media in blockchain and Web3. Fine art on the blockchain Exchange.art head curator Haley Karren came to Web3 from some of the world’s leading art institutions and says that working with 14,000 artists on Solana’s fine art marketplace has broadened her tastes. “I have a new appreciation for pixel art,
Next week, a veteran New York lawyer of 30 years’ standing will face a disciplinary hearing over a novel kind of misdemeanour: including bogus AI-generated content in a legal brief. Steven Schwartz, from the firm Levidow, Levidow & Oberman, had submitted a 10-page document to a New York court as part of a personal injury