Author: IA PressRoom

© Reuters. Investing.com – The U.S. dollar rallied in early European trade Thursday, boosted by the Federal Reserve’s hawkish projection of more tightening this year, while the euro weakened ahead of the latest European Central Bank policy meeting. At 02:05 ET (06:05 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.3% higher to 102.835, recovering from the previous session’s four-week low. Hawkish Fed supports the dollar The U.S. currency bounced after recent losses following the conclusion of the latest policy-setting meeting of the on Wednesday, with the central bank deciding to pause its…

CACI secures $125.54M Navy contract

EXCLUSIVE: Two Republican senators are demanding President Biden comply with the COVID origins bill he signed into law earlier this year, which requires the declassification of all information pertaining to the links between a Chinese lab and the origin of COVID-19.The Biden administration has yet to act on the requirements laid out in the COVID-19 Origin Act of 2023 despite the deadline for the declassification – June 18 – quickly approaching.”We write today to urge the swift and complete implementation of the COVID-19 Origin Act of 2023, which Congress unanimously passed, and which you signed into law on March 20,…

Craig Coben is a former global head of equity capital markets at Bank of America and now a managing director at Seda Experts, an expert witness firm specialising in financial services.Rejection! WE Soda, the world’s leading producer of soda ash, has postponed is IPO. The much ballyhooed listing was expected to give a big “boost” to a self-doubting City afflicted with the multiple plagues of deal drought, job cuts, Brexit, and delistings.But the boost has turned to bust, and now comes the fallout and finger-pointing.We report elsewhere that the IPO’s failure is a “fresh blow to [the] City”, while The…

2/2 © Reuters. FILE PHOTO: A view of the European Central Bank (ECB) headquarters in Frankfurt, Germany March 16, 2023. REUTERS/Heiko Becker/File Photo 2/2 By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank is all but certain to raise borrowing costs to their highest level in 22 years on Thursday and leave the door open to more hikes, extending its fight against high inflation even as the euro zone economy flags. Growth across the 20 countries that share the euro is at best stagnating and inflation has been moderating for months, courtesy of lower energy prices and…

© Reuters. FILE PHOTO: The logo of German fashion company Hugo Boss is seen at a store in Vienna, Austria, November 23, 2016. REUTERS/Leonhard Foeger/File Photo (Reuters) -German fashion house Hugo Boss on Thursday said it expected its sales to grow more by 2025 than it had originally envisioned, citing strong demand across its markets. The company forecast sales of 5 billion euros ($5.4 billion) by 2025, compared to the previous target of 4 billion euros, which it expects to meet already this year. Hugo Boss, which has undergone a brand revamp under the leadership of former Tommy Hilfiger head…

China’s central bank cut a key policy rate for the first time since August on Thursday, a widely-expected move as Beijing ramps up policy support to boost the economy amid a darkening growth outlook. The People’s Bank of China said it lowered the rate on 237 billion yuan ($33.08 billion) of one-year medium-term lending facility loans to the country’s financial institutions to 2.65% from 2.75%. The…

Donald Trump has received some $6.6 million from his fans in “a few short days,” his campaign said. The surge in donations comes as the former president was indicted a second time on Tuesday. The fundraising boost echoes the $15 million Trump raised when he was first indicted in March. 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 Former President Donald Trump says he’s once again raking in bundles of cash after being indicted. On Wednesday, he announced that his campaign raised $6.6 million…

CNN  —  House Republicans took their most concrete and public step this week toward pursuing the impeachment of Homeland Security Secretary Alejandro Mayorkas. But behind the scenes, supporters of the effort are still working to convince key holdouts to get on board with the potentially divisive plan. House Homeland Security Chairman Mark Green on Wednesday outlined a five-phase investigation into Mayorkas and his handling of the border, accompanied by a preliminary report and a hearing focused on framing Mayorkas’ “dereliction of duty,” which starts a roughly three-month countdown for House Republican leadership and their allies to get the House GOP…

This FT series examines whether hydrogen can help cut emissions across industries from transport to construction to combat climate change