Author: IA PressRoom

2/2 © Reuters. FILE PHOTO: Texas Attorney General Ken Paxton leaves a news conference after the U.S. Supreme Court heard oral arguments in President Joe Biden’s bid to rescind a Trump-era immigration policy that forced migrants to stay in Mexico to await U.S. hearings o 2/2 By Rich McKay (Reuters) – The Texas Senate on Sunday was set to begin deliberations to permanently remove from office Attorney General Ken Paxton, a conservative firebrand and ally of former President Donald Trump, who was impeached by the House this weekend over accusations by fellow Republicans of abuse of office. After hours of…

© Reuters. Investing.com– Oil prices retreated in Asian trade on Friday, extending a sharp drop from the prior session as traders awaited more clarity on the OPEC’s plans for future production cuts, while concerns over the U.S. debt ceiling kept markets on edge. Crude markets suffered steep losses on Thursday, falling nearly 3% and trimming most of their gains this week after Russian Deputy Prime Minister Alexander Novak said he expects no new steps from the Organization of Petroleum Exporting Countries and allies (OPEC+) during a June 4 meeting. Selling in crude continued even as Novak clarified that the OPEC was…

Source: Pixels Hunter/AdobeThe Beijing Municipal Science and Technology Commission has released a white paper in a bid to foster innovation and development within the Web3 industry.Dubbed the “Web3 Innovation and Development White Paper,” the paper was unveiled at the Zhongguancun Forum by the Beijing Municipal Science and Technology Commission, also known as the Administrative Commission of Zhongguancun Science Park, local news outlet The Paper reported. The commission aims to establish Beijing as a global innovation hub by allocating a minimum of CNY100m ($14m) annually until 2025. The funding will go towards enhancing policy support and expediting technological advancements to foster the growth of the…

© Reuters. Investing.com– Most Asian currencies rose on Friday, recovering from steep losses this week, while the dollar steadied below two-month highs as markets awaited more cues on progress towards raising the debt ceiling. The rose 0.2%, but was among the worst-performing Asian currencies this week, down nearly 2% as expectations of a wider gulf in local and U.S. interest rates dented the currency. The yen was also trading just above six-month lows to the dollar. Softer-than-expected data on Friday spurred more expectations that the will hold off on tightening policy this year, although the reading was still well above the…

Sen. Lindsey Graham, R-S.C., warned House Speaker Kevin McCarthy, R-Calif., against slashing the defense budget in order to reach a deal on the debt ceiling. “Number one, I respect Kevin McCarthy. I want to raise the debt ceiling. It would be irresponsible not to do it. I want to control spending. I’d like to have a smaller IRS. I’d like to claw back the unused COVID money. I know you can’t get the perfect – but what I will not do is adopt the Biden defense budget and call it a success,” Graham told “Fox News Sunday” host Shannon Bream. “Kevin…

Kristian1108/iStock Unreleased via Getty Images Surf Air Mobility, a Los Angeles-based electric aviation and air travel company, is working with Morgan Stanley and is expected to go ahead with plans to go public through a direct listing. The aviation company plans to file publicly as soon as next week for the listing and to start trading this summer, according to a Bloomberg report late Friday, which cited people familiar. Surf Air said in November that it had confidentially submitted a draft registration with the U.S. Securities and Exchange Commission for a direct listing. The filing came after a deal to…

A South Carolina judge temporarily halted a law banning most abortions after six weeks. The legislation was passed in the state Senate with the support of 27 men.  Five female lawmakers, named the “Sister Senators,” previously filibustered a similar abortion ban. 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 South Carolina’s governor signed a bill into law that would ban most abortions after six weeks of pregnancy. One day later, a judge temporarily halted it.The “Fetal Heartbeat and Protection from Abortion Act” was passed…

Neuberger Berman said Monday it became the second global institution to receive final approval from the China Securities Regulatory Commission (CSRC) to launch a wholly owned, newly established mutual fund business in China. Neuberger Berman will now be allowed to manage local assets for local clients, which has not been allowed previously. BlackRock Inc. BLK, +1.78% was the first to receive approval. Patrick Liu, CEO of Neuberger Berman Fund Management (China) (FMC), said the country’s commitment to opening up to high-quality financial services “will bring significant opportunities for local investors.” Michelle Wei will become chief investment officer – equities of…

Non-polluting, space-efficient cargo bikes could reduce future van mileage in central London by nearly a fifth, the person in charge of promoting cycling in the capital has said while urging businesses to embrace a more environmentally friendly future.Will Norman, the UK capital’s cycling and walking commissioner, was speaking as the London mayor’s office and Transport for London implement the first cargo bike action plan by a British local authority. The policy, published on March 31, aims to encourage adoption of bikes to stem the rapid growth of congestion and pollution from vans. Cargo bikes, which can have two, three or…

© Reuters. FILE PHOTO: Nigerian President Muhammadu Buhari speaks during a news conference during a visiit to Pretoria, South Africa, October 3, 2019. REUTERS/Siphiwe Sibeko/File Photo By Felix Onuah ABUJA (Reuters) – Nigeria’s President Muhammadu Buhari on Sunday defended his record on the economy and the outcome of a disputed presidential election, saying he was leaving a legacy of credible and fair votes, a day before he hands over power to his successor. Buhari first came to office in 2015 after promising to reboot the economy and end corruption and insecurity, but many Nigerians say these issues have worsened under…