Author: IA PressRoom

Move over, Instagram and WhatsApp. Network effects are not just a seemingly unscalable moat for social media sites and communications platforms. They also apply, powerfully, to companies that facilitate corporate networking. Consider Informa, the £10bn UK trade events and academic publications company that is posting a strong post-lockdown comeback. Following better than expected trading in the first five months of the year, Informa now guides to £3bn of revenues for the full year 2023. That is an increase of more than 30 per cent on the previous year and — encouragingly — above its high watermark in 2019. Operating margins are…

© Reuters. (Reuters) – The U.S. Justice Department has notified the PGA Tour that it will review its planned deal with Saudi-backed LIV Golf for antitrust concerns, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The PGA Tour, DP World Tour and rival Saudi-backed LIV circuit, which had been involved in a bitter fight that split the sport, announced an agreement last week to merge and form one unified commercial entity.

© Reuters. FILE PHOTO: Mexico’s President Andres Manuel Lopez Obrador gestures as he speaks during a press conference, at the National Palace in Mexico City, Mexico June 5, 2023. REUTERS/Henry Romero/File Photo MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Thursday he will not negotiate with farmers demanding guaranteed prices for grains, as protests by agriculture workers forced an airport in northern Mexico to suspend operations for a third day. Producers have urged Mexico’s government to guarantee prices for corn, wheat and sorghum to counteract a fall in international prices, and since Tuesday have protested at…

Paolo Ardoino. Source: CNBC International TV / YouTubeIn an insightful conversation with Cryptonews, Paolo Ardoino, the CTO of both Tether and Bitfinex, shed light on crucial topics relating to the crypto world.The dialogue navigated the volatile waters of inflation, the allure of gold as a tangible asset, and the growing fascination with digital gold – Bitcoin. Ardoino also explained Tether’s novel approach toward global transactions and the role of their unique digital gold model.Let’s dive in.Central Banks Printed 30% of all USD in Circulation in Three YearsAs inflation escalates and national currencies depreciate, “the only lifeline to have something tangible in…

mbbirdy U.S. stocks were higher on Thursday, with the Federal Reserve still very much in the spotlight as traders digested the central bank’s hawkish dot plot against chair Jerome Powell’s more moderate comments. The Fed on Wednesday held interest rates steady for the first time after ten consecutive rate increases, while also signaling that at least two more hikes were on the cards. After ending mixed in the previous session, Wall Street’s major averages opened higher today and have stayed in positive territory. The tech-heavy Nasdaq Composite (COMP.IND) was up 0.54% to 13,699.78 points in morning trade, while the benchmark…

Throughout the inquiry into former President Donald J. Trump’s handling of classified material, his insular world at Mar-a-Lago was rife with intrigue, anxiety and competing motives as investigators sought testimony and evidence from some of his closest aides, advisers, lawyers and even members of his Secret Service detail.Now, with Mr. Trump under federal indictment and with people who currently, or used to, work for him seen as potential prosecution witnesses, the pressure on those around him — both at Mar-a-Lago in Florida and at his summer residence in Bedminster, N.J. — has only increased.Mr. Trump is in the position of…

Student-loan borrowers will resume payments in October, the Education Department confirmed. Interest will start accruing on borrowers’ balances in September. Borrowers are awaiting a Supreme Court decision on Biden’s broad debt relief in the coming weeks. 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 As student-loan borrowers continue to await a decision from the Supreme Court on President Joe Biden’s broad debt relief, the Education Department has made one thing certain — payments are resuming this year.In November, after two conservative-backed lawsuits paused the…

1937: Joyce Compton (formerly Eleanor Hunt) and Stewart Erwin (1903 – 1967) the American character … [+] comedian are viewing a $1000 bill in a scene from the Grand National film ‘Small Town Boy’, directed by Glenn Tryon. (Photo by Hulton Archive/Getty Images)Getty Images Before making a lifelong commitment, we determine our compatibility with a potential mate by vetting their personality, intelligence, moral compass, family, and career. Do we like the same movies? The same food? Do they like to travel? Are they honest? But sometimes, we overlook a vital component: their financial stability and spending mindset. Social norms prevent…

The UK is “just sleep walking” when it comes to developing green hydrogen, according to Australian mining magnate Andrew Forrest, one of the west’s biggest hydrogen investors. The warning comes at a time when fears are growing about the inadequacy of the UK and continental Europe’s response to the huge clean energy subsidies in the US, where the Inflation Reduction Act (IRA) is channelling hundreds of billions of dollars towards power projects including green hydrogen.“Instead of whingeing about the IRA, which I’ve heard politicians here do — get on and match it,” said Forrest in an interview at the Financial Times…

© Reuters. FILE PHOTO: New U.S. Speaker of the House Kevin McCarthy (R-CA) speaks with reporters in Statuary Hall after being elected Speaker of the U.S. House of Representatives in a late night 15th round of voting in the fourth session of the 118th Congress at the By David Morgan WASHINGTON (Reuters) – U.S House of Representatives Republicans on Thursday adopted government spending targets for the next fiscal year below the level agreed by Speaker Kevin McCarthy and Democratic President Joe Biden, setting up a fight with the Democratic-led Senate that could again risk a government shutdown. The House of…