hurdle - Shore News Network

Australia’s Indigenous recognition bill passes first hurdle

ReutersMay 30, 20230

SYDNEY (Reuters) – Legislation to hold a referendum to recognise Australia’s Indigenous people in the constitution cleared its first parliamentary hurdle on Wednesday as it was passed in the House of Representatives. Australians will be asked to vote in a referendum, likely to be held between October and December, on whether they support altering the constitution to include “Voice to Parliament”, a committee that can advise the parliament on matters affecting its Aboriginal and Torres Strait Island people. Aboriginal people, making up about 3.2% of Australia’s near 26 million population, track below national averages on most socio-economic measures and are

Chinese stock listings in Europe face liquidity hurdle

ReutersApril 19, 20230

By Li Gu and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – China’s ambitious plan to get its companies listed in London and Zurich stock markets needs fine-tuning, analysts say, as the sparse liquidity in traded Chinese companies there has created market arbitrage opportunities for investors. The Shanghai-London Stock Connect has seen only five Chinese companies issue Global Depository Receipts (GDRs) in London in its four years of operation, and another 13 are listed in Switzerland via a younger rival Connect link. GDRs allow investors to buy shares of foreign companies in their local exchanges. The small cohort of participants has failed to

Senate Overcomes Major Hurdle In Repealing The President’s War Authorizations In Iraq

The Daily CallerMarch 17, 20230

Senate Overcomes Major Hurdle In Repealing The President’s War Authorizations In Iraq Micaela Burrow on March 16, 2023 The Senate completed a procedural vote in favor of repealing a pair of authorizations that allowed the President to take military action against Iraq in 1991 and 2003, paving a smooth path for the total revocation of the president’s war powers in Iraq. Overturning the 1991 Persian Gulf War authorization and the 2002 Iraq War authorizations passed the 60-vote threshold required to overcome the filibuster on Thursday. The bipartisan legislation needs to clear the amendment process at a vote next week, but

Analysis-Australian buy-now, pay-later sector faces fresh hurdle: regulation

ReutersNovember 28, 20220

By Byron Kaye and Lewis Jackson SYDNEY (Reuters) – When Melbourne barista Melinda Elliott had to cut back on casual work shifts this year, she asked her buy-now, pay-later (BNPL) provider, Afterpay, to lower her credit limit. She did not want debt she could not afford to repay. The Australian company, owned by Twitter founder Jack Dorsey’s Block Inc, cut her limit to A$2,000 ($1,300) from A$3,000, but a few months later she added up the debts in her account and saw the limit had returned to A$3,000, the maximum available. “There was no email to say, ‘your credit limit’s

Spanish windfall tax on banks, energy firms clears first hurdle

ReutersNovember 24, 20220

MADRID (Reuters) – An amended windfall tax proposal for Spanish banks and large energy companies cleared its first hurdle in parliament in the early hours of Friday with the backing of the leftist ruling coalition and several regional parties. Some parties in Spain’s northern regions, where energy companies and banks have a significant presence, had already secured before the vote an exemption of large energy firms’ domestic regulated activities and foreign operations. Several energy companies had threatened to take the government to court if the 1.2% levy on power utilities’ sales was approved in its original form. Initially, taxes were

Same-Sex Marriage Bill Clears Major Hurdle In Senate With GOP Support

The Daily CallerNovember 17, 20220

Same-Sex Marriage Bill Clears Major Hurdle In Senate With GOP Support Arjun Singh on November 16, 2022 The Senate voted 62-37 Wednesday to advance a bill codifying same-sex marriage past a key procedural hurdle, bringing it one step closer to a final vote. In an afternoon vote, Senators voted to invoke cloture on the Respect for Marriage Act, a bill introduced in September by Sens. Susan Collins of Maine, Tammy Baldwin of Wisconsin and Dianne Feinstein of California. The bill would repeal the Defense of Marriage Act of 1996, a law signed by former President Bill Clinton that defined marriage

Bill protecting same-sex marriage clears first procedural hurdle in U.S. Senate; voting continues

ReutersNovember 16, 20220

WASHINGTON (Reuters) – A bill ensuring federal recognition of same-sex marriages received enough votes to clear the first procedural hurdle in the U.S. Senate on Wednesday, after months of bipartisan negotiations and delays. Voting on the bill continues. (Reporting by Moira Warburton in Washington; editing by Jonathan Oatis)

Exxon Mobil’s Nigeria asset sale hits regulatory hurdle

ReutersAugust 9, 20220

By Camillus Eboh ABUJA – Nigeria’s petroleum regulator said on Tuesday it stood by its refusal to approve Exxon Mobil’s $1.28 billion sale of shares in its Nigerian unit to Seplat after President Muhammadu Buhari approved the transaction. Nigerian Upstream Petroleum Regulatory Commission (NUPRC) head, Gbenga Komolafe, said under a new petroleum law passed last year, the petroleum minister can only grant consent for such an acquisition upon recommendation from the commission. Buhari also acts as the petroleum minister. “The issue at stake is purely a regulatory matter and the commission had earlier communicated the decline of ministerial assent to

Draft law on joint standards for minimum wages in EU passes crucial hurdle

ReutersJune 7, 20220

BRUSSELS – The European Union on Tuesday reached a breakthrough on common rules for minimum wages across the 27-nation bloc with a provisional agreement on measures designed to promote collective bargaining and better enforce existing minimum wages. The European Parliament and the European Council, grouping the bloc’s member states, said their negotiators overnight struck the provisional deal which still has to be confirmed by formal votes in both institutions. In October 2020, the European Commission had set the stage for the negotiations with a proposal that lays out common rules for a minimum wage, but not a minimum wage level

U.S. Supreme Court nominee Jackson clears procedural hurdle in Senate

ReutersApril 4, 20220

WASHINGTON – U.S. Supreme Court nominee Ketanji Brown Jackson moved a step closer to being confirmed as a justice on Monday when the Senate voted to break a Judiciary Committee deadlock over her nomination and send it to the full Senate for consideration. The Senate voted 53-47 to discharge President Joe Biden’s nominee to the Senate floor for a confirmation vote by all 100 senators. She would be the first Black woman to serve on the nation’s high court and could be confirmed by the end of this week, according to Senate Majority Leader Chuck Schumer. (Reporting by Richard Cowan;

U.S. gov’t short-term funding bill clears Senate procedural hurdle

ReutersFebruary 17, 20220

WASHINGTON – A temporary funding bill that would keep the federal government running through March 11 and avoid a potential partial shutdown cleared a procedural hurdle in the U.S. Senate on Thursday. The action clears the way for a vote on final passage at a later time that has not yet been announced. (Reporting by David Morgan; Editing by Chris Reese)