A Years-Long Law Enforcement Crisis Is Hindering Homicide-Plagued Portland, Experts Say Trevor Schakohl on December 15, 2022 Portland is feeling the effects of a years-long law enforcement crisis involving “defund …
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‘He Has No Real Credibility’: Steve Forbes Says Fed Chair Powell Will Be ‘Late’ To Fighting ‘Unnecessary Recession’
‘He Has No Real Credibility’: Steve Forbes Says Fed Chair Powell Will Be ‘Late’ To Fighting ‘Unnecessary Recession’ Harold Hutchison on December 15, 2022 Former presidential candidate Steve Forbes lambasted …
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China says it will step up support for economy in 2023 amid COVID pains
by Reutersby ReutersBy Kevin Yao BEIJING (Reuters) -China will focus on stabilising its $17-trillion economy in 2023 and step up policy adjustments to ensure key targets are hit, said a statement following …
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PENN HILLS, PA – Five people were injured, including a 3-year-old child in a crash last night in Penn Hills. According to police, one woman remains in critical condition. At …
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By Alun John LONDON (Reuters) – A flurry of investment banks raised their forecasts for where euro zone interest rates will peak, after the European Central Bank signalled on Thursday …
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UK’s Sunak hopeful of resolution to Northern Ireland trade row with EU
by Reutersby ReutersBELFAST (Reuters) – British Prime Minister Rishi Sunak said on Friday he was hopeful of reaching a resolution to a long-running dispute with the European Union on changing post-Brexit trade …
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FTX debtors file bidding procedures motion for sale of four businesses
by Reutersby Reuters(Reuters) – FTX and its affiliated debtors said on Friday the company had filed a motion with the Bankruptcy Court seeking approval of bidding procedures to sell four businesses. Debtors …
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Black bear sighting reported in Holiday City
TOMS RIVER, NJ – A Black Bear was seen by several residents in Holiday City West earlier this week on the western edge of the community along the wooded area …
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(Reuters) – U.S. equity funds saw net purchases in the week ended Dec. 14, as slowing inflation rates raised expectations that the Federal Reserve would cut back the pace of …
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Russia central bank holds rates, says inflationary factors prevail for now
by Reutersby ReutersBy Alexander Marrow MOSCOW (Reuters) -Russia’s central bank held its key interest rate at 7.5% at its final meeting of the year on Friday but slightly shifted its rhetoric to …
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By Tim Hepher and Aditi Shah LONDON/NEW DELHI (Reuters) – Air India is close to a deal to order more than 200 Boeing jets including 190 narrowbody 737 MAX and …
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US and World News
Biden plans to elevate Cindy McCain as executive director of WFP- Axios
by Reutersby Reuters(Reuters) – U.S. President Joe Biden is working to elevate Cindy McCain, widow of the late Republican Senator John McCain, as the executive director of World Food Program, Axios reported …
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Faraday Future slides on signaling need for funds to start production
by Reutersby Reuters(Reuters) – Shares of Faraday Future Intelligent Electric tumbled 21% premarket on Friday after the company unveiled production plans for its much-delayed luxury electric car that hinged on securing additional …
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Scrooges call security on holiday carollers inside Manchester senior village
MANCHESTER TOWNSHIP, NJ – A group of forty-plus holiday carollers took to the streets and blasted out songs of joy and holiday cheer, but it was short-lived Wednesday night. The …
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US and World News
Explainer-When are attacks on civilian infrastructure war crimes?
by Reutersby ReutersBy Stephanie van den Berg THE HAGUE (Reuters) – Russia’s attacks on Ukraine’s civilian infrastructure, including energy facilities, have been described as possible war crimes by the office of the …
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LyondellBasell raises reduction target for planet-warming emissions
by Reutersby Reuters(Reuters) – Chemicals company LyondellBasell Industries N.V. on Friday increased its greenhouse gas (GHG) reduction target for direct emissions, as well as indirect emissions from purchased energy, to 42% by …
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ECB’s Centeno sees very low probability of more 75 bps rate hikes
by Reutersby ReutersLISBON (Reuters) -The probability of the European Central Bank returning to 75 basis-point interest rate hikes is now “very low”, ECB Governing Council member Mario Centeno said on Friday, warning …
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Investors expect BoE to finish raising rates in March: BoE survey
by Reutersby ReutersLONDON (Reuters) -Major financial market participants expect the Bank of England’s interest rate rising cycle to come to an end in March next year, with rates peaking at 4.25%, up …
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Polish fashion retailer LPP has no plans for ‘significant’ job cuts
by Reutersby ReutersBy Patrycja Zaras GDANSK (Reuters) – Poland’s biggest fashion retailer LPP is not planning “significant” job cuts as it reduces costs, finance chief Przemyslaw Lutkiewicz told Reuters. “Despite the expected …
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By Ebrahim Harris and Rozanna Latiff BATANG KALI, Malaysia (Reuters) -A landslide killed at least 21 people, including children, while they slept in their tents at an unlicensed campsite in …
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(Reuters) – Global equity funds attracted their first inflow in six weeks in the week ended Dec. 14, with investors optimistic that easing inflation levels would prompt central banks to …
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Business News
Alibaba co-founder Joseph Tsai to reduce stake in company- Bloomberg News
by Reutersby Reuters(Reuters) – Alibaba co-founder and executive vice chairman Joseph Tsai has indicated he plans to sell part of his stake in the company through Morgan Stanley, Bloomberg News reported on …
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Hungary central bank to keep EU’s highest rate steady as inflation shows no respite
by Reutersby ReutersBy Gergely Szakacs BUDAPEST (Reuters) – Hungary’s central bank is likely to leave its base rate unchanged at 13% next Tuesday, the highest in the European Union, amid a continued …
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Business News
ECB bars policymakers from speculating after backlash, Fed scandals
by Reutersby ReutersFRANKFURT (Reuters) – The European Central Bank has banned its top officials from picking stocks and bonds or making short-term trades after a string of scandals at the Federal Reserve …
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By Nick Carey LONDON (Reuters) – Europe’s car repair and spare parts industry is calling for a rewrite of EU competition rules, arguing they allow carmakers and franchise dealers to …