Author: IA PressRoom

© Reuters. FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao By Mike Dolan LONDON (Reuters) – Even if the U.S. dollar’s singular dominance as global currency of choice is in fact ebbing, it may not automatically lead to a weaker dollar exchange rate – and could periodically mean the opposite. A Federal Reserve less worried about the overspill of its monetary policies to the rest of the world is a central bank more inclined to extreme tightening and easing. And a less dollarised global economy could potentially free the…

A federal agency is pondering whether artificial intelligence might someday be used to help the government identify duplicative or overly burdensome federal rules that need to be cut back.But officials are already hearing from skeptics who doubt AI will ever be powerful enough to wade through and understand the hundreds of thousands of pages of detailed federal rules.The Administrative Conference of the United States (ACUS) is an independent federal agency that works to increase the efficiency and fairness of regulations. In early May, ACUS released a report it commissioned on how AI and other algorithmic tools might be used to…

A private gauge of China’s factory activity bounced back to expansionary territory in May, the first improvement in the health of the manufacturing sector since February. The China Caixin manufacturing purchasing managers index rose to 50.9 in May from 49.5 in April, according to data released Thursday by Caixin Media Co. and S&P Global. …

Around 90% of Russia’s drones and missiles fired in May were destroyed, the Kyiv Post reported. The Ukrainian outlet estimated that the munitions cost the Kremlin around $1.7 billion. The bulk of the expenses came from destroyed Kh-55 missiles, which cost around $1.48 billion. 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 Almost 90% of Russia’s missiles and drones were shot down in Ukraine in May, according to a Ukrainian analysis.The Kremlin launched at least 563 missiles and Iranian-manufactured kamikaze drones in Ukraine that…

This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekdayGood morning. US job openings edged up in April. Despite the fact that no one particularly trusts this data series, it was widely discussed yesterday as a further signal that the labour market remains tight and there might be another rate increase in our future. Booooo. All eyes are now on Friday’s jobs report. Well, not quite all eyes. Mine are on tech stocks. Email me: robert.armstrong@ft.com.Tech, aloneHere is a chart of the relative performance of the…

© Reuters. FILE PHOTO: A woman walks near a construction site of apartment buildings in Beijing, China, July 15, 2022. REUTERS/Thomas Peter/File Photo BEIJING (Reuters) – China’s new home prices fell for the first time in four months in May and home sales slumped, according to a private survey, adding to pressure on a property market which is struggling to stabilize from a sharp slump. New home prices among 100 cities fell 0.01% month-on-month in May from 0.02% growth the previous month, according to survey data from the China Index Academy on Thursday. Home sales by value by property developers…

4/4 © Reuters. A Spanish Civil Guard officer handles material from boxes containing illegal tobacco during a raid where more than 3.5 million packets of contraband tobacco were seized, in Seville, Spain, in this picture released on January 22, 2023. Guardia Civil/Handou 2/4 By Richa Naidu, Emma Pinedo and Emilio Parodi MADRID (Reuters) – Spanish police raided three clandestine tobacco factories early this year, seizing nearly 40 million euros ($44 million) worth of tobacco leaf and illicit cigarettes. At one, in the northern town of Alfaro, they found 10 Ukrainian workers, five of them war refugees, who’d been put to…

Finally, sentiment slipped to a 7-month low, on concerns over lingering uncertainty, particularly from overseas.”Current economic growth lacks internal drive and market entities lack sufficient confidence,” highlighting the importance of restoring demand,” said Dr. Wang Zhe, an economist at Caixin Insight Group.ETFs: (FXI), (KWEB), (CQQQ), (MCHI), (ASHR), (YINN), (TDF), (CHIQ), (GXC), (EWH), (KBA), (YANG), (CXSE), (CAF), (CWEB), (PGJ), (KURE), (CHIX), (CYB).

What happens when your dream wedding venue is a crumbling chapel next to your childhood home? Joe and Becky Davis did the unthinkable and renovated it in 11 weeks — in time for their wedding. Becky and Joe Davis on their wedding day, standing outside the entrance to the chapel. Maddy Harwell Photography Joe grew up in the house with the adjoining chapel at 1110 N Market Street in Washington, North Carolina.”My parents bought it in the ’80s, so I spent my whole childhood there until I was a teenager, and then went off to school,” Joe told Insider. After…

Renewable energy capacity is set to grow by one-third in 2023, driven in large part by the big push into solar and wind power by China, the International Energy Agency forecast.In the largest annual expansion to date, the IEA estimated renewable capacity to increase by 107GW to 440GW — equivalent to the total installed power capacity of Germany and Spain.A combination of government support, energy security concerns and renewables’ increased competitiveness against fossil fuels was behind the forecast surge, the IEA said, outweighing the challenges posed by rising interest rates, higher investment costs and supply chain challenges.While expansion is taking…