It’s no secret that China’s zero-COVID policies have put a damper on many businesses around the world. The severe restrictions imposed by the authorities have had a ripple effect on the cosmetics industry. While companies expect performance to improve as restrictions ease – and some have already seen a recovery – some concerns persist. Japanese … Read more
In a new report released today by the Financial Stability Oversight Council (FSOC), a regulatory body created by Dodd-Frank after the global financial crisis for key U.S. regulators to identify and mitigate systemic risks in the economy, provided a 120-page report to address how cryptocurrencies and blockchain technology pose potential risks and where regulatory gaps … Read more
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SEOUL, Oct 4 (Reuters) – North Korea supports Russia’s proclaimed annexation of parts of Ukraine, its foreign ministry said on Tuesday, accusing the United States of applying “a double standard of gangster type” by interfering in the affairs of other countries. State media KCNA reported on a US-led UN Security Council resolution condemning the proclaimed … Read more
The Biden administration has not given up on the idea of limiting US fuel exports in what the White House says would ease the pressure on consumers at the pump. The administration also continues to attack the US oil industry, accusing it of making huge profits instead of passing the savings on to consumers. Desperate … Read more
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WASHINGTON, Oct 3 (Reuters) – The United States is expected to announce new measures this week preventing Chinese companies from accessing high-performance computing technology, three people with knowledge of the matter told Reuters. The measures would be aimed at cutting off China’s access to advanced semiconductor technology, the sources said. The New York Times was … Read more
Canada’s prairie premiers and two U.S. governors want their respective countries to restore pre-pandemic hours of operation at ports of entry along their shared land border. The group of provincial and state leaders have written to Prime Minister Justin Trudeau and President Joe Biden arguing that reduced hours at border crossings are hurting the economy. … Read more
WASHINGTON, Oct 3 (Reuters) – The Biden administration’s next security assistance package for Ukraine is expected to include four High Mobility Artillery Rocket Launchers (HIMARS), munitions, mines and vehicles mine-resistant, said two sources briefed on the $625 million package. Reuters on Monday. The package, expected to be announced as soon as Tuesday, is the first … Read more
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WASHINGTON, Oct 3 (Reuters) – The U.S. Supreme Court on Monday dismissed a Republican former congressman’s challenge to a map showing the districts of the Pennsylvania House of Representatives as the state’s highest court adopted in place of that established by Republican legislators. Judges refused to hear an appeal of a ruling by Pennsylvania’s highest … Read more
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WASHINGTON, Oct 3 (Reuters) – The U.S. Supreme Court, which expanded gun rights in a landmark ruling in June, declined on Monday to hear a challenge to a federal ban on devices called “stockpiles.” reserves” that allow semi-automatic weapons to fire. like a machine gun – a gun control measure prompted by a mass shooting … Read more
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Oct 3 (Reuters) – Amid Russia’s invasion of Ukraine, the U.S. Supreme Court on Monday refused to hear an offer by the Ukrainian government to avoid paying a $173 million judgment dollars to Russian oil and gas company Tatneft (TATN.MM) as ordered by a Paris-based arbitration panel. Judges reject Ukraine’s appeal against a lower US … Read more