Author: IA PressRoom

© Reuters. FILE PHOTO: Smoke from wildfires in Canada blankets the Lincoln Memorial Reflecting Pool and the National Mall in Washington, U.S., June 7, 2023. REUTERS/Leah Millis By David Shepardson (Reuters) -Some flights into the New York City area and Philadelphia on Wednesday were delayed and others briefly halted because of reduced visibility from wildfire smoke from Canada. The Federal Aviation Administration (FAA) was slowing traffic but lifted a groundstop on flights from the upper Midwest and East Coast bound for New York LaGuardia International Airport on Wednesday afternoon. The FAA said it had also begun slowing traffic from the…

With Gov. Doug Burgum’s money and his family’s vision, Fargo, N.D., has undoubtedly changed in recent decades. Broadway, its main drag, is packed with restaurants, cafes, retailers and offices lovingly converted from old factories.Parking lots have been turned into public parks. A warehouse saved from the wrecking ball now houses North Dakota State University’s architecture and arts program. With a population of nearly 127,000 — 16 percent of North Dakota’s total population — the largest city for hundreds of miles is growing, in size and diversity, with a liberal tilt.But as a base for a presidential run, Fargo is still…

Global stock markets mixed on rate hike concerns

A Knight Frank survey of 350 companies found half of large companies plan to downsize office space. That’s been sparked by a move towards hybrid working, but trends are different in smaller companies. 31% of those surveyed are implementing an “office-first” approach. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Half of the world’s biggest companies are planning to downsize office space as hybrid working continues, according to a survey from real estate agent Knight Frank.The largest firms – defined as having more than…

Protect your family’s expenses in college with tuition insurance.getty While most people are familiar with products like homeowners insurance, car insurance, and life insurance, you can insure pretty much anything you want these days. In fact, it’s not all that uncommon for regular people to buy wedding insurance due to the high costs of getting hitched. You can also buy insurance for a boat or a jet ski you own, or for a specific part of your body. But, that’s not all. A newer insurance product called college tuition insurance is growing in popularity, and it’s easy to see why.…

UK housebuilder Crest Nicholson has reported a 60 per cent drop in profits after last year’s mini-Budget caused turmoil in the property market and warned of risks ahead from inflation.Mortgage rates have climbed sharply in recent weeks in response to a higher than expected UK inflation figure of 8.7 per cent in April, derailing a recovery of confidence in the housing market after the chaos of late last year. “Sentiment certainly improved some way from the lows of January as we moved through the spring and into May. I think we had some pretty stable conditions. That has moved more negatively…

© Reuters. Investing.com – A realistic Mario Draghi presented himself at MIT in Boston on Wednesday, where he received the Miriam Posen Prize and gave a long speech on current topics such as the war in Ukraine, inflation, and the response of central banks. Starting with the conflict in Eastern Europe, former Prime Minister Draghi said that the geopolitical consequences are very significant, which is why the EU must strengthen its defense capabilities and begin a path with Ukraine for its NATO membership. The consequences of the war have led to a period in which inflation will be higher in…

© Reuters. FILE PHOTO: The logo of the web service Amazon is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration/File Photo By Foo Yun Chee LUXEMBOURG (Reuters) – Amazon (NASDAQ:) should not pay 250 million euros ($268 million)in back taxes to Luxembourg as ordered by EU competition enforcers, an adviser to Europe’s top court said on Thursday, as she cited errors in the EU regulator’s assessment. The European Commission in its 2017 decision said Amazon paid no taxes on almost three-quarters of its profits from EU operations due to a Luxembourg tax arrangement allowing it to channel profits…

Source: natatravel/AdobeWhile global leaders are working towards establishing universal rules for the crypto sector, advanced and emerging economies are divided on the regulation of stablecoins. The Group of Seven (G-7) economies, an international forum of seven of the world’s advanced economies, are ostensibly more open to regulating stablecoins.On the other hand, emerging economies represented in the wider G-20 grouping are calling for tougher restrictions, or even prohibitions, over concerns about the potential impact on monetary policy and financial stability. The G-20 is another forum for international economic cooperation made up of the G-7 jurisdictions, along with 13 other member countries, including 10…

© Reuters. FILE PHOTO: U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo By Harry Robertson and Rae Wee LONDON/SINGAPORE (Reuters) – The dollar fell slightly on Thursday but remained near three-month highs after a surprise rate hike from the Bank of Canada suggested other central banks, including the Federal Reserve, may have more work to do to combat inflation. The euro was up 0.1% at $1.071 early in the European session against the dollar – the most traded currency pair in global markets. That helped push the , which measures the currency against…