Expanding

US envoy warns over Hungary’s ‘close and expanding’ links with Russia

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BUDAPEST (Reuters) – NATO allies are warning Hungary of the dangers of its “close and expanding” relationship with Russia and if this is Budapest’s policy choice “we will have to decide how best to protect our security interests”, the U.S. envoy to Hungary said on Thursday. Relations between Budapest and Washington have soured because of Hungary’s foot-dragging over the ratification of Sweden’s NATO accession – finally passed by Budapest last month – and also over nationalist Prime Minister Viktor Orban’s warm ties with Moscow despite the Russian invasion of Ukraine. “These legitimate security concerns – shared by Hungary’s 31 allies

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Qatar Expanding Natural Gas Export Capacity After Biden Admin Paused New Hub Approvals

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Qatar Expanding Natural Gas Export Capacity After Biden Admin Paused New Hub Approvals Nick Pope on February 25, 2024 Qatar is building additional liquefied natural gas (LNG) export capacity after the Biden administration decided to pause approvals for new export hubs in the U.S., Financial Times reported Sunday. Officials announced additional long-term increases in natural gas production on Sunday, supplementing existing plans for growth and putting the country’s capacity on track to rise by 85% by the decade’s end, according to Financial Times. Qatar is betting that natural gas demand will remain robust, especially as Asian economies increasingly seek to

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The Soros Empire Is Expanding Its Reach Into Media With Latest Radio Acquisition

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The Soros Empire Is Expanding Its Reach Into Media With Latest Radio Acquisition Robert Schmad on February 18, 2024 Earlier this month, the investment firm founded by George Soros acquired over $400 million worth of debt owed by the nation’s second-largest radio network in a ploy to gain a stake in the media conglomerate, the latest in a series of media-related moves made by organizations tied to Soros. Soros Fund Management has acquired over $400 million worth of debt owed by Audacy, the nation’s second-largest network of radio stations, bankruptcy filings show. Soros and entities linked to him have previously

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China, Switzerland sign declaration with view to expanding trade

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GENEVA (Reuters) – China and Switzerland signed a joint declaration on Monday agreeing to deepen their partnership after Premier Li Qiang met the Swiss President, the Swiss government said. Li, the most senior Chinese official to visit Switzerland since President Xi Jinping’s visit in 2017, met President Viola Amherd alongside a high-ranking Chinese delegation ahead of the World Economic Forum in Davos. The declaration entails the finalisation of a joint study to develop the two countries’ existing free trade agreement. “This marks an important step towards the start of possible negotiations,” the Swiss government said. China is Switzerland’s third-biggest trading

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Explainer-Iran’s expanding oil trade with top buyer China

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By Muyu Xu (Reuters) – China’s oil imports from Iran have hit record highs as Iran ramps up output despite the threat of further U.S. sanctions. Existing sanctions were implemented over Iran’s nuclear programme, and U.S. lawmakers are seeking to exert further pressure after the Oct. 7 attacks on Israel by Hamas, which has long been backed by Iran, although Tehran has denied any involvement. U.S. lawmakers are now considering legislation that could impose measures on foreign ports and refineries that process petroleum exported from Iran. Here are key facts on Iran’s oil trade with China: HOW MUCH IRANIAN OIL

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World Bank explores expanding loan guarantees for private financing

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By Jorgelina do Rosario MARRAKECH (Reuters) – The World Bank on Monday said it is looking at ways to expand the guarantees it provides for commercial loans to boost the private financing available to developing countries. Some emerging economies have been unable to tap international markets as global interest rates soar and with uncertainty about when the U.S. Federal Reserve will reach the end of its current tightening cycle. A recent selloff in U.S. Treasuries pushed yields on 10-year notes to a 16-year high, in turn lifting borrowing costs for developing economies. “We are looking very systematically at how we

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Canada’s Ivey PMI shows activity expanding at slower pace in September

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TORONTO (Reuters) – Canadian economic activity expanded at a slower pace in September as a measure of employment climbed to its highest level in six months, Ivey Purchasing Managers Index (PMI) data showed on Thursday. The seasonally adjusted index dipped to 53.1 from 53.5 in August. A reading above 50 indicates an increase in activity. The Ivey PMI measures the month to month variation in economic activity as indicated by a panel of purchasing managers from across Canada. The gauge of employment rose to an adjusted 58.5, its highest since March from 54.8 in August, while the prices index was

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Thai economy expanding as policy rate nears stability level – central bank minutes

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BANGKOK (Reuters) – Thailand’s economy should continue to expand as the policy rate is approaching a level consistent with long term stability, minutes of the central bank’s Aug. 2 monetary policy meeting showed on Wednesday. Public consumption and investment were expected to decline from a year ago due to a delay in the budgeting process, the minutes said, but should recover in 2024, the minutes showed. On Aug. 2, the Bank of Thailand’s policy committee voted unanimously to increase the one-day repurchase rate by a quarter point to 2.25%, citing lingering inflation risks. “The committee judges the economy to expand

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Santander expanding investment bank in US and UK, sources

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By Jesús Aguado, Andres Gonzalez and Iain Withers MADRID/LONDON (Reuters) – Santander is accelerating growth of its investment bank by hiring at least 50 bankers primarily in the United States, two people with knowledge of the matter told Reuters. Spain’s biggest bank is best-known as a retail lender in Europe and Latin America, but wants to become a bigger player in investment banking under chair and former JPMorgan banker Ana Botin. The expansion will involve hiring at least 50 bankers – many from stricken Credit Suisse, the sources said. More than 20 bankers have already been recruited, chiefly in the

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Red State Gov Signs State Budget Expanding School Choice

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Red State Gov Signs State Budget Expanding School Choice Reagan Reese on July 5, 2023 Republican Ohio Gov. Mike DeWine signed the state’s 2024-2025 budget Tuesday, expanding the already established school voucher program. Under the 2024-2025 Ohio budget, private school students who are within 450% of the federal poverty level are eligible for taxpayer-funded vouchers, according to the Dayton Daily News. The $86 billion budget allots $1.5 billion to fund the state’s public schools. “This budget is balanced, it provides tax cuts to working families, and it invests in economic and workforce development while promoting educational freedom with the expansion

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Canada’s Ivey PMI shows activity expanding at slower pace in April

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TORONTO (Reuters) – Canadian economic activity expanded at a slower pace in April as growth in employment slipped and inventories declined, Ivey Purchasing Managers Index (PMI) data showed on Thursday. The seasonally adjusted index fell to 56.8 from 58.2 in March. A reading above 50 indicates an increase in activity. The Ivey PMI measures the month to month variation in economic activity as indicated by a panel of purchasing managers from across Canada. The gauge of employment declined to an adjusted 55.8 from 60.3 in March, while the inventories index was down at 48.6 from 54.5. The unadjusted PMI fell

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Russia boosts defences near Japan, accuses US of expanding Asia-Pacific presence

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MOSCOW (Reuters) – Russia said on Wednesday that a division of its Bastion coastal defence missile systems had been deployed to Paramushir, one of the Kuril islands in the north Pacific, some of which Japan claims as its territory. The move is part of a wider strengthening of Russian defences in its vast far eastern regions, Defence Minister Sergei Shoigu said, partly in response to what he called U.S. efforts to “contain” Russia and China. Shoigu was speaking to Russia’s top army brass a day after President Vladimir Putin and Chinese leader Xi Jinping cemented their “no limits” partnership at

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Canada’s Ivey PMI shows activity expanding at slower pace in February

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OTTAWA (Reuters) – Canadian economic activity expanded at a slower pace in February, Ivey Purchasing Managers Index (PMI) data showed on Monday. The seasonally adjusted index fell to 51.6 from 60.1 in January. The Ivey PMI measures the month to month variation in economic activity as indicated by a panel of purchasing managers from across Canada. A reading above 50 indicates an increase in activity. The gauge of employment fell to an adjusted 59.4 from 60.5 in January, while the supplier deliveries index was at 55.8, up from 52.3. The unadjusted PMI fell to 50.8 from 54.7. (Reporting by Ismail

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‘We Are Appalled’: Congressional Dems Slam Biden Admin For Expanding Trump-Era Border Policy

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‘We Are Appalled’: Congressional Dems Slam Biden Admin For Expanding Trump-Era Border Policy Jennie Taer on January 26, 2023 Several Democratic members of Congress criticized the Biden administration Thursday over its decision to expand a Trump-era border policy to expel more illegal migrants, during a press conference on Capitol Hill. Democratic Senators Bob Menendez of New Jersey, Corey Booker (D-NJ) and Rep. Alexandria Ocasio-Cortez of New York led the press conference to ask that President Joe Biden reverse his recent decision to expel Cubans, Nicaraguans, Venezuelans and Haitians that illegally cross the southern border using Title 42. a Trump-era public

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Japan proposes expanding tax-free investment scheme for savers

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By Tetsushi Kajimoto TOKYO (Reuters) – Japanese government on Friday called for doubling a tax-free stock investment programme for households, to encourage savers to put more money in riskier assets rather than hoarding it only in cash and savings accounts. The proposed changes to the Nippon Individual Saving Account (NISA) programme aim to double the number of accounts to 34 million and the amount of investment to 56 trillion yen ($404 billion) over the next five years. Under the current scheme, holders can only invest up to 1.2 million yen ($8,600) annually in stocks and investment trusts. The accounts offer

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IMF sees Nicaragua’s economy expanding by 3% next year

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(Reuters) – Nicaragua’s economy is forecast to grow 3% in 2023, down from expected growth of 4% this year, the International Monetary Fund said in a statement released on Wednesday, adding its economic outlook is favorable despite global risks going forward. “Nicaragua’s economic outlook is favorable, although risks to the outlook are on the downside, primarily due to global headwinds,” the IMF said in a statement after concluding a mission in the country. The IMF said real GDP growth is expected to moderate to 3% in 2023 due to weaker external demand and tighter external financial conditions. After contracting by

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Indonesia 2022 GDP seen expanding 5.4% -chief econ minister

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NUSA DUA, Indonesia (Reuters) – Indonesia’s economy is expected to grow 5.4% in 2022 on a yearly basis, its chief economic minister told a business conference ahead of the G20 summit on Monday, after data this month showed the economy grew 5.72% annually in the third quarter. That compared with a 5.2% growth target for 2022. (Reporting by Fransiska Nangoy in Nusa Dua, Gayatri Suroyo in Jakarta; Editing by Ed Davies)

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U.S. EPA considering expanding Midwest E15 gasoline sales -sources

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By Stephanie Kelly and Jarrett Renshaw NEW YORK (Reuters) – The U.S. Environmental Protection Agency plans to seek public comment on whether to allow year-round sales of higher ethanol gasoline blends in Midwest states, based on a request from state governors that they say would ease pump prices and help farmers, according to three sources familiar with the discussions. The move to expand sales of E15 would be a win for the ethanol industry, which wants to increase sales of the corn-based fuel and which argues the product would reduce gasoline prices by expanding the volume of available supply. However,

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Michigan’s The Big Salad Expanding With 3 New Restaurants

Jessica Woods0

Unique Michigan-based chain will open eateries in Detroit, Traverse City and Novi/Farmington during 2021 Harper Woods, MI  (RestaurantNews.com)  One of Michigan’s most unique restaurant groups has not only survived the COVID pandemic, but is thriving and developing big plans to expand this year. The Big Salad, based in Harper Woods, has unveiled plans to launch three new eateries that include locations in downtown Detroit, downtown Traverse City and a site in the Novi/Farmington communities. Founded in 2008 by entrepreneur John Bornoty, today The Big Salad operates four restaurants in Michigan located in Grosse Pointe (the original), Woodhaven, Charlotte, and Ann

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