Author: IA PressRoom

Christine McCarthy, who has worked at Disney for decades, will stay on as an adviser to help with the succession process © Kyle Grillot/Bloomberg Disney’s longtime chief financial officer Christine McCarthy is stepping down and will take a “family medical leave of absence”, the company said on Thursday. McCarthy, who has worked at Disney for decades, will stay on as an adviser to help with the succession process that weighs over the Hollywood giant. “She and I have discussed her desire to ensure an orderly and successful CFO succession in advance of the company’s transition to its next chief executive officer”, said…

© Reuters. FILE PHOTO: Bank of Japan Governor Kazuo Ueda attends on a group interview with media in Tokyo, Japan, May 25, 2023. REUTERS/Kim Kyung-Hoon By Leika Kihara TOKYO (Reuters) -One of Bank of Japan Governor Kazuo Ueda’s biggest challenges will be to phase out a controversial yield curve control policy, which is criticised for distorting markets by keeping long-term interest rates low despite creeping inflation. While Ueda has stressed the BOJ will be in no rush to dial back stimulus, the central bank is dropping clues on possible triggers of a policy shift. Below are the options the BOJ…

© Reuters. FILE PHOTO: Representations of cryptocurrencies are seen in front of displayed words “Cryptocurrency market” and decreasing stock graph in this illustration taken November 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Elizabeth Howcroft LONDON (Reuters) – Cryptocurrency investors have grown more cautious about who they do business with, after being burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and others, and fearing a regulatory crackdown will put more pressure on remaining firms. The recent crypto platform bankruptcies trapped customer assets now worth around $34 billion, according to Xclaim, which allows creditors to trade such claims. To…

(Reuters) -The U.S. Department of Defense (DoD) has entered into a $15 million agreement with the U.S. unit of Australian miner Jervois Global Ltd to conduct feasibility studies on expanding cobalt extraction in Idaho, to decrease reliance on overseas mineral sources. The agreement will enable Jervois Mining USA to undertake mineral resource drilling to expand currently known cobalt resources at its Idaho Cobalt Operations (ICO) and the adjacent Sunrise deposit. The deal also allows Jervois to undertake studies to assess the feasibility of a domestic U.S. cobalt refinery. Cobalt is used by the DoD in high-capacity batteries for military and…

Source: Adobe / Vitalii VodolazskyiThe past week saw the forthcoming Markets in Crypto Assets (MiCA) regulation formally published in the EU’s official journal, marking a significant milestone for regulation in the crypto space.Consequently, Chainalysis’ head of policy for Europe has urged cryptocurrency companies to start preparing for it as soon as possible.Head of Policy, Janet Ho, warned both businesses and regulators in Europe not to waste any time and instead, to start readying for MiCA as soon as possible. She noted that there is still time since the new policy will not come into effect until the end of next year.However,…

Union dockworkers at West Coast ports have reached a tentative six-year contract agreement with their employers, potentially easing concerns about shipping delays and higher prices for customers and businesses after tensions between the two sides disrupted shipyard operations throughout this year. In a brief statement late Wednesday, the International Longshore and Warehouse Union and the Pacific Maritime Association, which represents the port terminals where longshoremen load and unload massive amounts of cargo from ships…

FIRST ON FOX: A San Francisco school district suspended a teacher for discriminating against White male students, according to California Public Records Act documents obtained by Fox News Digital. Nicole Noel Henares allegedly asked White male students in her high school English class to stand up and answer if they “felt like a minority” during the 2022 fall semester. Henares’ actions made the Lowell High School students feel “confused, sad and that there was no correct answer for them in that moment,” they said in interviews with the district.After a parent submitted a complaint, the San Francisco Unified School District placed Henares…

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Good morning. We begin today with the Chinese central bank’s decision to cut its main policy rate for the first time in 10 months as new data reinforced concerns over a stalling post-Covid recovery in the world’s second-largest economy. The People’s Bank of China trimmed its medium-term lending facility rate, a one-year rate that influences bank funding costs, from 2.75 per cent to 2.65 per cent, amid widespread expectations that Beijing would be forced to take further action to support the economy.The move signalled official dissatisfaction with the state of the Chinese economy, which was widely expected to rebound after…

© 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) – The Bank of Japan is widely expected to maintain ultra-easy monetary policy on Friday despite stronger-than-expected inflation, as it focuses on supporting a fragile economic recovery amid a sharp slowdown in global growth. The central bank is also likely to keep intact a pledge to “patiently” sustain massive stimulus to ensure Japan sustainably achieves its 2% inflation target accompanied by wage hikes. With price rises showing signs of broadening,…