Author: Press Room

The British pound and government bond yields fell, while stocks rose, after a report showing steady U.K. inflation raised hopes the Bank of England can soon consider trimming interest rates. The Office for National Statistics on Wednesday said the headline consumer price index for the year to January increased 4%, the same as in December. Economists had expected inflation to pick up pace in January to 4.2%. The month-on-month rate fell from 0.4% in December to minus 0.6% in January, double the decline anticipated by economists, as prices of furniture and household goods dropped, and food costs saw their first…

By Leah Douglas WASHINGTON (Reuters) -An effort by Republican U.S. lawmakers to reallocate $18 billion in climate-friendly agriculture funding under President Joe Biden’s signature climate law would shift money away from programs that primarily benefit farmers in Republican-leaning states, a Reuters analysis found. The Inflation Reduction Act money, earmarked for U.S. Department of Agriculture-designated “climate-smart” farm practices, is intended to support Biden’s agriculture climate agenda, which relies heavily on storing carbon in the soil and lowering emissions through sustainable farming techniques. About 65% of the new money due to be spent under the law on those climate-friendly practices would go…

By Amanda Cooper and Alun John LONDON (Reuters) -Bitcoin rose 5% on Friday to one-month highs, powered by what analysts said was a flurry of buying ahead of April’s halving event and as recent outflows from exchange-traded funds slowed. The price rose to a session peak of $47,705, the most since January, after the first U.S. listed spot bitcoin exchange traded products received regulatory approval. The world’s largest cryptocurrency was last up 3.5% at $46,946, set for a rise of 10% this week, its most in a week since October. Ether was up 2.5% at $2,486. hit a two-year high…

Introduction So, Aunt Jane just asked you to be the trustee of her trust. You were flattered and, of course, accepted. But what did you get yourself into? Too many consumers readily accept fiduciary appointments with little thought of the headaches and liability they may face. While it can be admirable to help family and friends out, you can take steps to endeavor to minimize the hassles that too often afflict fiduciaries and potentially reduce the liability you may face. Before Saying Yes Perhaps one of the first steps to avoid problems is to be honest with yourself and whoever…

At least one member of the Republican National Committee is working to slow Donald Trump’s attempted takeover of the organization by pushing to keep the committee neutral until Trump is officially the presidential nominee and avoid picking up his legal bills.Two draft resolutions are being circulated by Henry Barbour, a national committeeman from Mississippi, for consideration at the RNC’s upcoming March meeting in Houston. Barbour said support for the resolutions among RNC members is growing but he does not yet have the needed cosponsors, and any resolutions would ultimately be nonbinding.The effort comes after Trump last week publicly called to…

The House Select Committee on the Chinese Communist Party sent a letter on Saturday to Elon Musk demanding that U.S. troops stationed in Taiwan get access to SpaceX’s Starshield, a satellite communication network designed specifically for the military.The letter, obtained by CNBC and first reported by Forbes, claimed that by not making Starshield available to U.S. military forces in Taiwan, SpaceX could violate its Pentagon contract, which requires “global access” to Starshield technology.”I understand, however, that SpaceX is possibly withholding broadband internet services in and around Taiwan — possibly in breach of SpaceX’s contractual obligations with the U.S. government,” read…

Tesla has been slashing prices. Ford just cut the price of its Mustang Mach-E, too, plus it cut back production of its electric pickup. And General Motors is thinking about bringing back plug-in hybrids, possibly taking a step back from GM’s earlier commitment to shifting straight to pure EVs. And now the EPA is considering slowing down requirements for automakers to sell more electric vehicles, dialing back what had been aggressive plans to move away from gas powered cars and SUVs. You’d be forgiven for thinking the American market for EVs is collapsing. But in the last quarter of 2023,…

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Last updated: February 25, 2024 10:22 EST | 2 min read Source: Midjourney China’s highest prosecutorial authority is stepping up efforts to combat the growing wave of cybercrimes by targeting criminals who exploit blockchain and metaverse projects for illegal activities. In a recent press release, the Supreme People’s Procuratorate (SPP) expressed concern over the surge in online fraud, cyber violence, and personal information infringement.According to the SPP, there has been a significant increase in cybercrimes committed on blockchains and within the metaverse. Criminals are increasingly using cryptocurrencies for money laundering, making it challenging to trace their illicit wealth.Charges Related to Telecom Fraud…

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