Author: Press Room

Squinting in the late afternoon sun on a square in downtown Wilmington, Delaware, on Tuesday, lawyer Justin Nelson told the world’s media there would finally be “vindication and accountability” for lies spread about election fraud following former US president Donald Trump’s defeat almost 30 months earlier.A last-minute $787.5mn settlement from Fox, accused of airing false claims about his client, voting-machine maker Dominion, was a “ringing endorsement for truth, and for democracy,” the Texas-based litigator said. It was, he seemed to suggest, a moment of reckoning for the role conservative outlets played in disseminating conspiracy theories that later helped fuel a…

Fox News will pay $787.5 million for transmitting lies that a small voting technology firm helped steal the 2020 election. But it’s impossible to put a price on damaged trust in US democracy. The last-minute deal Tuesday between the conservative channel and Dominion Voting Systems, halting a blockbuster jury trial, delivered a staggering financial settlement after a process that had already exposed Fox’s willingness to parrot election conspiracy theories that its executives and anchors knew weren’t true. The agreement delivered restitution to Dominion for the hits to its reputation, and repudiated false claims that its machines were used to simply…

The year 2030 looms large for the planet and its inhabitants, and global companies are taking bigger steps to counter global warming. To limit global average temperature rise to 1.5 degrees Celsius, or 2.7 degrees Fahrenheit, governments and companies must slash greenhouse gas emissions roughly in half by 2030 and reach net-zero emissions by midcentury. It is a task that is becoming increasingly urgent as the Earth has already warmed an average of 1.1 degrees Celsius since preindustrial times Every 10th of a degree matters. With just seven years till the end of the decade, a new survey from Honeywell…

Most of the large cryptocurrencies were down during morning trading on Monday, with Cardano ADAUSD, -1.16% seeing the biggest change, tumbling 3.63% to 44 cents. Seven additional currencies posted decreases Monday. Bitcoin BTCUSD, -0.64% declined 3.11% to $29,412.20, and Ethereum ETHUSD, -0.27% dropped 2.44% to $2,071.16. Uniswap UNIUSD, -0.05% declined 2.44% to $6.16, while Polkadot DOTUSD, -0.67% shed 2.17% to $6.68. Ripple XRPUSD, +0.96% declined 1.74% to 51 cents. Polygon MATICUSD, +0.32% and Solana SOLUSD, -0.97% rounded out the decreases for Monday, dropping 0.84% to $1.17 and 0.79% to $25.22, respectively. On the other hand, Dogecoin DOGEUSD, +0.40% posted the…

Treasury Secretary Janet Yellen is scheduled to give a Thursday speech about the U.S.’s economic relationship with China, the Treasury Department said Tuesday, amid tensions between the world’s two biggest economies. The secretary will detail the Biden administration’s “principal objectives” in its relations with China, the Treasury said, including a level playing field for U.S. workers and businesses. Her speech comes as the U.S. and its allies are reportedly grappling with how to pare economic relationships with China, while preserving broader trade and investment flows. “Secretary Yellen will underscore that in its bilateral relationship with China, the United States proceeds…

© Reuters. France stocks higher at close of trade; CAC 40 up 0.52% Investing.com – France stocks were higher after the close on Friday, as gains in the , and sectors led shares higher. At the close in Paris, the added 0.52% to hit a new all time high, while the index gained 0.49%. The best performers of the session on the were Societe Generale SA (EPA:), which rose 3.63% or 0.79 points to trade at 22.40 at the close. Meanwhile, BNP Paribas SA (EPA:) added 3.22% or 1.85 points to end at 59.39 and Credit Agricole SA (EPA:) was…

By Laila Kearney and Muyu Xu (Reuters) – Oil drifted lower on Wednesday as the market weighed potential interest rate hikes from the Federal Reserve that could slow growth and dampen oil consumption, offsetting falling U.S. inventories and strong Chinese economic data. futures shed 7 cents to $84.70 a barrel at 0320 GMT. West Texas Intermediate was down 5 cents to $80.81 a barrel. The U.S. Federal Reserve likely has one more interest rate rise in store to fight inflation, Atlanta Fed President Raphael Bostic said on Tuesday. Markets are pricing an 86% chance the Fed raises rates by 25…

(Reuters) – Federal Reserve Governor Michelle Bowman said on Friday that the recent failures of Silicon Valley Bank and Signature Bank (OTC:) were not an indictment of the bank regulatory landscape, although she conceded that some changes may be warranted. In prepared remarks, Bowman said if the Fed identifies gaps in its bank supervision and regulation regime during its review of the failure of SVB, the central bank should address those shortcomings. Fed Vice Chairman for Supervision Michael Barr is leading a review of the Fed’s oversight of SVB, with the results of that review expected to be publicly released…

China is currently the world’s largest emitter of greenhouse gases, accounting for nearly 1/3 of the global total. Beijing is well aware of the effect its emissions have on climate change and has pledged to be carbon neutral by 2060, with emissions peaking in 2030. As part of its emissions reduction plan, China is introducing more eco-friendly practices in the financial services sector, but there is a steep learning curve, as loans to high-carbon industries account for a fairly high proportion of financial institutions’ assets in the country. An accelerated withdrawal or delayed exit from high-carbon sectors may result in…

Topline Precious metals have shot up in value this year as the dollar—marred by economic uncertainty and improving growth abroad—falls from two-decade highs minted late last year, and analysts project the strength for silver prices in particular could continue over the next year, which is only expected to bring about further strains on the world’s reserve currency. Key Facts The price of silver has surged nearly 20% in the past month to some $25.31 per ounce—eclipsing the S&P 500’s roughly 5% gain over the same period, as well as outsize gains for other precious metals, including gold (up 9%), platinum…