Author: IA PressRoom

The UK government is drawing up plans for supermarkets to voluntarily cap the price of staples, in an effort to ease the burden of rocketing food costs on consumers.Steve Barclay, health secretary, confirmed on Sunday that ministers were in talks with retailers about how to “address the very real concerns” many households harbour about food inflation and the cost of living.Speaking on the BBC’s Sunday with Laura Kuenssberg programme, he stressed that the proposals were “not about any element of compulsion” and that the government was “working constructively” with supermarkets.The idea of supermarkets instigating voluntary price controls on essential foods…

© Reuters. FILE PHOTO: Austan Goolsbee, now the president of the Chicago Federal Reserve, speaks during the Obama Foundation “Democracy Forum” in New York City, U.S., November 17, 2022. REUTERS/Brendan McDermid/File Photo (Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee said on Sunday he won’t ‘prejudge’ whether he would support an interest-rate hike at the upcoming Fed meeting in June, but noted that the full impact of the central bank’s rate increases to date have yet to be felt. “We are going to get a lot of important data between now and then,” Goolsbee told CBS’s Face the Nation.…

© Reuters. General view of the U.S. Capitol after U.S. House Speaker Kevin McCarthy (R-CA) reached a tentative deal with President Joe Biden to raise the United States’ debt ceiling and avoid a catastrophic default, in Washington, U.S. May 27, 2023. REUTERS/Nathan H NEW YORK (Reuters) – U.S. President Joe Biden and top congressional Republican Kevin McCarthy have reached a tentative deal to raise the federal government’s $31.4 trillion debt ceiling, ending a months-long stalemate. But the deal still faces a difficult path to pass through Congress before the United States runs out of money to pay its debts in…

Open: This is “Face the Nation with Margaret Brennan,” May 28, 2023 – CBS News Watch CBS News This week on “Face the Nation,” House Democratic leader Hakeem Jeffries joins “Face the Nation” to discuss the tentative debt ceiling deal, plus Microsoft president and vice chair Brad Smith discusses the rise of AI. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On

Netflix's 'Diplomat' stays on top, and originals get a new-episode lift

Renae Green-Bean had started taking precautions in public even before the Tennessee legislature approved a law in March limiting where “adult cabaret” can be performed.Ms. Green-Bean had watched the uptick in legislation restricting L.G.B.T.Q. rights and worried that restaurant nights with her wife, children or grandchildren, or her preference for masculine attire and closely cropped hair, would invite harassment. So she could not help but worry that the new law would make her feel less safe pursuing her creative outlet: throwing on a bedazzled jacket several nights a week and transforming into El Rey, a drag king.If a federal judge…

© Reuters. Investing.com — Oil prices rose Friday, heading towards their second consecutive week of gains on signs of tightening U.S. supply and improving fuel demand in the world’s largest oil consumer. By 09:15 ET (13:15 GMT), futures traded 1.4% higher at $72.82 a barrel, while the contract rose 1.1% to $77.10 a barrel. Both benchmarks are on course for gains of close to 2% this week on expectations of tighter U.S. supplies as the travel-heavy summer season approaches, boosted by an unexpected, hefty fall in U.S. crude oil inventories last week. U.S. commercial fell by 12.5 million barrels a…

Groundbreaking web3 freelancing and remote work metaverse platform DeeLance just secured a massive strategic investment from a top venture capital (VC) investment firm.Bitgert Ventures will invest $1.12 million in DeeLance to help fund the development of its blockchain-powered metaverse, which is already generating huge hype in web3 circles and some observers think could upend the still very web2 platform-centric freelance/gig work economy.Bitgert Ventures focuses on investing in “decentralized infrastructure, ecosystems, and applications that have the potential to reshape”.The firm’s investment in DeeLance is a strong endorsement of the project that might open the door to further intuitional funding.Meanwhile, given its…

© Reuters. FILE PHOTO: A merchant counts Turkish lira banknotes at the Grand Bazaar in Istanbul, Turkey, March 29, 2019. REUTERS/Murad Sezer By Marc Jones and Nevzat Devranoglu LONDON/ANKARA (Reuters) – As hit a record low ahead of the country’s election decider on Sunday, the currency is looking increasingly dysfunctional with investors concerned about what may be in store if Tayyip Erdogan secures another decade in power. ‘Erdonomics’, as the 69-year old president’s unorthodox, growth-chasing policies are often dubbed, have driven the lira down 80% over the last five years, embedding an inflation problem and shattering Turks’ confidence in their…

After weeks of negotiating a deal to raise the debt limit to avert default, Democrats and Republicans announced a tentative deal has been reached. The plan is to put it to vote on Wednesday, but the optimism is there, and one can assume that from now on, the only thing to work on is details. As I explained in this article, failure to raise the debt limit would have had tremendous negative implications for the US economy and financial markets. However, there was no precedent for not raising the debt limit, so, in the end, the outcome was the most…