March 14 (Reuters) – Canada's deputy prime minister and finance minister, Chrystia Freeland, on Tuesday held a meeting with provincial and territorial finance ministers and senior Bank of Canada officials in the wake of the Silicon Valley Bank collapse.
"The federal government can assure Canadians our financial institutions are stable and resilient," Freeland said in a statement, adding that the meeting comes after a series of meetings the minister held with heads of other national and regional financial institutions since Friday last week.
(Reporting by Shubhendu Deshmukh in Bengaluru; Editing by Tom Hogue)
Digital World Acquisition Corp. stock, the special purpose acquisition company aiming to take former President Donald Trump's tech and social-media platform public, soared Friday after a grand jury voted Thursday to indict Trump. The grand jury voted to indict Trump Thursday after hearing evidence the former president allegedly paid hush-money to a porn star during the 2016 election. Trump is now expected to come to New York to face the charges.
(Bloomberg) — Beijing opened a new front in the escalating semiconductor battle between the the US and China, launching a cybersecurity review of imports from America’s largest memory-chip maker, Micron Technology Inc. Most Read from BloombergTrump Faces Fingerprints, Mug Shot After Dramatic IndictmentWorld’s Top-Rated Airport Sees Immigration System RestoredUS Stocks Extend Rally as Traders Eye Peak Rates: Markets WrapHow King Charles Got Thrown Into Disney’s Fight With Florida Governor DeSant
Russia's arrest of a journalist who detailed its economic woes is an act of desperation—and probably not the last one.
Avoiding a default by the U.S. just got harder. Congress, which desperately needs to compromise, will have a tough time.
The Emiratis invested more than $200 million with Kushner's Affinity Partners, while a Qatari entity also put in a similar sum, the newspaper said, citing people with knowledge of the transactions. Kushner, who was also a top adviser to Trump, formed the Miami-based Affinity Partners in 2021, Reuters had reported.
Walt Disney has for now outmaneuvered Florida Gov. Ron DeSantis in the battle for control over the more than 24,000-acre parcel near Orlando where Walt Disney World Resort is located.
Issued by the Treasury Department Friday, the criteria aim to make the U.S. less reliant on batteries and critical minerals shipped from China.
Florida lawmakers passed a bill in February giving Governor Ron DeSantis effective control over a board that oversees municipal services and development in a special district that encompasses Walt Disney World resort. But before the takeover by DeSantis's appointees, Walt Disney Co pushed through changes to the special tax district agreement that limit the board's action for decades, according to the Orlando Sentinel, which quoted lawyers for the board who spoke at a meeting on Wednesday. "It completely circumvents the authority of this board to govern," board member Brian Aungst Jr. was quoted as saying.
There is a juicy rumor in Washington, D.C., that Sen. Warren's crypto policy has been informed by a short-seller. But is it true?
The move is likely to put global firms operating in China further on edge at a time of escalating tension between Beijing and Washington.
(Bloomberg) — Tesla Inc. is looking to build a battery plant in the US, according to people familiar with the matter, in what would likely be a controversial arrangement with China’s dominant electric-vehicle battery manufacturer.Most Read from BloombergTrump Faces Fingerprints, Mug Shot After Dramatic IndictmentSingapore’s Changi Sees Immigration System Restored After DelaysA $3 Trillion Threat to Global Financial Markets Looms in Japan$335,000 Pay for ‘AI Whisperer’ Jobs Appears in Red-Hot Ma
(Bloomberg) — The Biden administration’s requirements for electric vehicle tax credits will reduce the number of models eligible for incentives until tens of billions of new investment in US manufacturing by automakers and suppliers kick in.Most Read from BloombergTrump Faces Fingerprints, Mug Shot After Dramatic IndictmentWorld’s Top-Rated Airport Sees Immigration System RestoredUS Stocks Extend Rally as Traders Eye Peak Rates: Markets WrapHow King Charles Got Thrown Into Disney’s Fight With F
The Biden Administration told the U.S. Supreme Court on Wednesday that it should agree to hear a patent appeal over drug labels involving Teva Pharmaceuticals USA Inc and GlaxoSmithKline LLC that could have significant ramifications for the generic-drug industry. The U.S. Solicitor General said Teva's generic version of GSK's heart drug Coreg could not have violated GSK's patent rights because Teva omitted the infringing use of the drug from its labeling. Such "skinny labels" typically allow generic drugmakers to launch their products earlier while avoiding liability for infringing brand-name drugmakers' patents.
Entitlement programs such as Social Security and Medicare could be forced to cut benefits as soon as 2031, according to a new report from the funds' trustees.
One startup lists as its address a small home in a working-class district in Venezuela's capital whose owner has never heard of the firm. The purge began this month when authorities arrested 21 business people and senior officials as part of an investigation into missing payments for oil. Corruption has long plagued Venezuela — the OPEC nation was the fourth-most corrupt in the world in the latest rankings by Transparency International — but those in positions of power are rarely held accountable.
Two U.S. Army Black Hawk medical evacuation helicopters crashed during training Wednesday night in Kentucky, killing nine soldiers. The Black Hawk is a twin-engine, four-bladed, medium-lift, utility helicopter developed for the U.S. Army since the 1970s by Sikorsky Aircraft of Stratford, Connecticut. Its basic Army designation is H-60; export versions are designated S-70.
(Bloomberg) — Venezuela’s opposition leader Leopoldo López said that a void in the group’s leadership, following the ousting of Juan Guaidó as its recognized president, has made it “impossible” to pay for legal representation to defend the dozens of billion-dollar lawsuits that the nation faces in the US.Most Read from BloombergTrump Faces Fingerprints, Mug Shot After Dramatic IndictmentWorld’s Top-Rated Airport Sees Immigration System RestoredUS Stocks Extend Rally as Traders Eye Peak Rates: M
The United States has sent officials to Taiwan to listen to concerns in the chip industry about the criteria for new U.S. semiconductor subsidies, Taiwan Economy Minister Wang Mei-hua said on Friday. The criteria are worrying companies like Samsung Electronics Co Ltd and SK Hynix Inc, South Korean President Yoon Suk Yeol said on Thursday, a concern shared by the world's leading contract chipmaker in Taiwan, TSMC. Conditions include sharing excess profit with the U.S. government, and industry sources have said the application process itself could expose confidential corporate strategy.
Boston Federal Reserve President Susan Collins said on Friday that wherever the U.S. central bank stops with its interest rate rises, maintaining that level for some time will be critical in helping to lower high inflation back to the 2% target. Collins, speaking to Reuters after the release of a report showing a key gauge of inflationary pressures eased last month, cautioned that she doesn't yet believe the core thrust of price pressures had cooled enough to change the monetary policy outlook. "While it is good news that the new data is not as elevated" as the last couple of months, amid some revisions downward in past data, "we still haven't made that much progress" on bringing inflation back to the 2% target, Collins said in the interview.
What are American values?
