Author: IA PressRoom

German lawyer and defendant Hanno Berger arrives at a courtroom at the District Court in Wiesbaden, … [+] western Germany on May 30, 2023 for the announcement of the verdict in the trial over the ‘Cum-Ex’ scandal, a massive tax fraud scam that cost the government billions of euros. The court sentenced tax attorney Hanno Berger to a long prison term for his involvement in the so-called Cum-Ex scandal. The Wiesbaden district court found the 72-year-old guilty of three counts of serious tax evasion on May 30 and ordered eight years and three months in prison and the confiscation of…

I am a senior academic (not quite professor) working in international development. I would like to leave the sector — I am exhausted by it — and move into management consultancy. I worked in NGOs before academia but don’t wish to return to this. I have project management and evaluation expertise, as well as skills in research and analysis rooted in anthropology. How do I set myself up to make the shift? AnonymousJonathan’s answer will be published on Monday June 12. Jonathan Black is director of the Careers Service at the University of Oxford. Every fortnight he answers your questions on…

© Reuters. FILE PHOTO: Bank of Japan Governor Kazuo Ueda speaks at a group interview with media in Tokyo, Japan, May 25, 2023. REUTERS/Kim Kyung-Hoon By Leika Kihara TOKYO (Reuters) – Global central banks may already be facing a new economic environment where inflation and interest rates will no longer revert to the low levels of the past, Bank of Japan (BOJ) Governor Kazuo Ueda said on Wednesday. While supply factors have been blamed for the current increase in global inflationary pressure, demand factors such as massive fiscal and monetary support deployed during the pandemic may also have played a…

© Reuters. FILE PHOTO: Men walk past an electric board displaying Nikkei and other countries’ indexes outside a brokerage in Tokyo, Japan January 16, 2023. REUTERS/Kim Kyung-Hoon By Tom Westbrook SINGAPORE (Reuters) – Asia’s stockmarkets slid toward a second month of losses in a row on Wednesday, and even the glittering Nikkei paused, as weak Chinese factory activity fed growing doubts about the post-pandemic recovery in the world’s second biggest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1% in early trade and is down 2.4% in a month where hopes for robust Chinese rebound have run dry.…

Source: CoinbaseCoinbase CEO Brian Armstrong criticized US lawmakers and regulators over their approach to bringing “regulatory clarity” to cryptocurrency and warned that innovation is moving offshore.Countries like China will benefit from “restrictive U.S. crypto policies,” Armstrong said in a MarketWatch opinion article on Tuesday. “By enforcing restrictive policies, the U.S. is inadvertently driving crypto-innovation offshore,” Armstrong said. “That shift will compromise America’s legacy of pioneering technological advancements, and weaken our national security posture.”China moving forwardChina has its own digital yuan which has processed over $14 billion worth of transactions so far, according to a figure from October 2022. “And with the recent…

Minutes of the Federal Reserve’s May policy meeting show that officials were divided over the path forward. At their meeting, the Fed hiked its benchmark interest rate by a quarter of one percentage point to a range of 5%-5.25%. The central bank also altered its forward guidance to indicate it could pause at their next meeting. Here are some key takeaways from the minutes. Several Fed officials said further rate hikes may not be needed In their discussion of the outlook for policy, “several” officials said that if the economy evolved as they expected “then further policy firming after this…

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 The debt ceiling bill that House Speaker Kevin McCarthy and President Joe Biden agreed to over the weekend may end up expanding participation in nutritional assistance benefits, a measure which some GOP members had fought tooth and nail against.According to a projection by the nonpartisan Congressional Budget Office (CBO) released Tuesday, the current proposed “Fiscal Responsibility Act” would expand SNAP benefits to groups like homeless individuals and veterans. In total, at least 78,000 people would gain…

© Reuters. FILE PHOTO-An employee works on the production line of Nio electric vehicles at a JAC-NIO manufacturing plant in Hefei, Anhui province, China August 28, 2022. China Daily via REUTERS BEIJING (Reuters) -China’s factory activity contracted faster than expected in May on weakening demand, heaping pressure on policymakers to shore up a patchy economic recovery and knocking Asian financial markets lower. The official manufacturing purchasing managers’ index (PMI) was 48.8 from 49.2 in April, according to data from the National Bureau of Statistics (NBS), its lowest in five months and below the 50-point mark that separates expansion from contraction.…

2/2 © Reuters. Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing, China May 31, 2023. REUTERS/Tingshu Wang 2/2 By Martin Quin Pollard BEIJING (Reuters) – Tesla (NASDAQ:) Inc CEO Elon Musk kicked off his second day in China with a visit to the country’s commerce ministry on Wednesday morning. A day earlier, he met with Chinese Foreign Minister Qin Gang. He also had dinner with Zeng Yuqun, chairman of CATL, the Chinese battery giant and a key Tesla supplier, on Tuesday evening, according to a source and photos shared on…

© Reuters. Investing.com– Gold prices steadied above two-month lows on Wednesday, benefiting from some profit taking in the dollar as markets awaited more cues on the raising of the U.S. debt ceiling, while copper prices were headed for steep losses in May.  A slew of U.S. economic readings were also on tap this week, with data for May, due on Friday, set to largely factor into the Federal Reserve’s plans for more rate hikes. The retreated from 10-week highs amid some profit taking and in anticipation of the data. But an increasingly hawkish outlook on the Fed kept the greenback…