Author: IA PressRoom

CNN  —  The House is taking up a pair of GOP-led bills that Republicans say would prevent a nationwide ban on gas stoves – a messaging opportunity for Republicans over an issue that has become part of the political culture wars – despite the White House’s insistence that it has no such plans. On Tuesday, the chamber passed the first of the two bills by a vote of 248 to 180. Republicans have accused the Biden administration of wanting to ban gas stoves despite the fact that the White House said in January that President Joe Biden does not support…

One thing to start: EY’s global chief executive Carmine Di Sibio has told partners he plans to retire next year, sparking a race to lead the accounting and consulting firm after the collapse of his plan to split it in two. Carmine Di Sibio wanted to spin off EY’s consulting arm and list it on the stock exchange but encountered strong opposition from leaders of the firm’s US business © Bloomberg Welcome to Due Diligence, your briefing on dealmaking, private equity and corporate finance. This article is an on-site version of the newsletter. Sign up here to get the newsletter…

© Reuters. A cargo ship is towed in by tugboats in Tanjung Priok Port, Jakarta, Indonesia September 13, 2016. REUTERS/Darren Whiteside/File Photo JAKARTA (Reuters) – Economists surveyed in a Reuters poll expect Indonesia’s May trade surplus to shrink from the previous month, following a decline in exports because of weakening commodity prices. The median expectation of the 19 economists was for the trade surplus in Southeast Asia’s biggest economy to fall to $3.02 billion from $3.94 billion in April. Although Indonesia has enjoyed a monthly trade surplus since mid-2020, economists expect the trend to gradually decline this year due to…

© Reuters. FILE PHOTO: Google logo and AI Artificial Intelligence words are seen in this illustration taken, May 4, 2023. REUTERS/Dado Ruvic/Illustration/File Photo By Sheila Dang (Reuters) – Alphabet (NASDAQ:)’s Google said on Wednesday it is launching two new artificial intelligence-powered features for advertisers that will automatically find the best ad placements for brands across the tech company’s services. AI has dominated the tech industry in recent months as Google and other companies have developed novel chatbots that can respond to users in open-ended conversations. AI is also being increasingly deployed to serve advertisers, who contribute to the companies’ revenue.…

© Reuters. Investing.com– Most Asian currencies rose slightly on Wednesday, while the dollar hovered near three-week lows as soft U.S. inflation reading spurred increased bets that the Fed will pause its rate hike cycle later in the day. The dollar weakened further in Asian trade after steep losses on Tuesday, as data showed U.S. eased as expected in May. This fueled, and also boosted appetite for risk-driven assets, which weighed on the dollar. The and both fell 0.1%, while most Asian currencies logged strong overnight gains. But further gains in regional currencies were limited, as markets still fretted over any…

Parkland declares CAD 0.34 dividend

Vladimir Putin has admitted that Russia sorely lacks the firepower it needs for the war in Ukraine. He said “many things were missing,” such as ammo, aircraft, and drones, per state media. It’s the second time this week that Putin’s commented on Russia’s flagging military capabilities. 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 Russian leader Vladimir Putin publicly admitted on Tuesday that his forces lack the ammo, drones, aircraft, and communications equipment to fuel the Kremlin’s war in Ukraine.”During the special military operation,…

President Biden has taken every opportunity over the past 16 months to celebrate NATO’s unity on Ukraine. But on one key topic, Mr. Biden finds himself somewhat isolated within the alliance: when and how Kyiv would join.Mr. Biden, who has been cautious about getting NATO into a direct fight with Moscow, has sought to maintain the status quo of more than a decade: a vague promise that Ukraine, now arguably the most powerful military force in Europe, will eventually join the alliance, but with no set timetable.Now a debate has broken out among the allies that is putting pressure on Mr. Biden to support a…

© Reuters. FILE PHOTO: Paramilitary police officers stand guard in front of the headquarters of the People’s Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo SHANGHAI/SINGAPORE (Reuters) – China’s central bank is widely expected to cut the borrowing cost of medium-term policy loans for the first time in 10 months on Thursday, after it lowered two key short-term policy rates, a Reuters poll showed. The People’s Bank of China (PBOC) cut its seven-day reverse repo rate and standing lending facility (SLF) rate by 10 basis points on Tuesday, signalling possible easing for…

© Reuters. By Malvika Gurung Investing.com — The listed on the Singapore-based Exchange SGX, an early indicator for , traded 0.21% or 40 points higher at 8:54 am on Wednesday, indicating a marginally higher opening on Dalal Street ahead of the US .  Further, the declined 0.25% and traded flat. Major US indices ended high on Tuesday following the for May coming in lower than expected, boosting sentiments that the Fed will pause the interest rate hike on Wednesday. The US FOMC is set to release the rate hike data later today and investors will remain fixated on the from Federal…