News of New York

William Ruto Urges US Tech Giants to Invest in Kenya's AI-Powered Growth
24 September 2024
2841
Ruto Drives Tech Progress President William Ruto made a strong case for the integration of technology into national governance during the 79th UN General Assembly in New York. While addressing global issues like sustainable development, climate acti...
Over 90% of Texas Voters Warn of a Growing Retirement Crisis
16 September 2024
3094
Retirement Savings Alarm Sounded Texas voters are sounding the alarm on what they see as a looming retirement crisis, with many feeling that their savings are far from sufficient to cover post-work expenses. A new study by asset management firm Blac...
Historic Loss for Hong Kong Developer Amid Xi Jinping's Crackdown
2 September 2024
3691
Hong Kong's Real Estate Titan Stumbles Hong Kong’s prominent property developer, New World Development, is bracing for its first annual loss in 20 years. The company, owned by the billionaire Cheng family, ex...
SEC Charges Carl Icahn for Concealing Billions in Loans Backed by IEP Stock
19 August 2024
3174
Icahn Fined for Hidden Loans The Securities and Exchange Commission (SEC) announced on Monday that billionaire activist investor Carl Icahn illegally failed to disclose billions of dollars in personal margin loans secured against his Icahn Enterpris...
US Dollar Strengthens as Positive Economic Data Eases Recession Concerns
16 August 2024
3087
Yen Dips as Strong U.S. Economy Boosts Dollar The U.S. dollar remained close to a two-week high against the yen on Friday, following its biggest one-day gain in four weeks. This rise was fueled by robust U.S. economic data that has eased fears of a ...
Rachel Reeves Acknowledges £306bn Benefits Bill as 'Out of Control
8 August 2024
2595
Rebuilding Britain Rachel Reeves, the Chancellor, has highlighted the urgent need to address Britain’s escalating £306 billion welfare expenditure. During her visit to North America, Reeves announced a new employment ...
Rayner Warns Against Heavy-Handed Reforms Threatening Jobs Market Revival
5 August 2024
2741
London's Hiring Boom at Risk Angela Rayner faces warnings about potentially undermining the recovering job market with stringent workers' rights reforms, as new data reveals a surge in hiring intentions across London. The Recruitment Employment Con...
Robust 2.8% Economic Growth in Q2: Implications for Interest Rates
26 July 2024
3106
Surprising Q2 Growth The U.S. economy demonstrated robust growth in Q2, with the gross domestic product (GDP) surging at an impressive annual rate of 2.8% from April to June, as reported by the Commerce Department. This...
Microsoft IT Outage: Global Impact & CEO’s Apology
20 July 2024
3035
The Digital Dark Age On an ordinary Friday, the world was thrown into chaos. A single software update from CrowdStrike, a leading cybersecurity provider, triggered a global tech outage. This incident laid bare the vulnerability of our digital infras...
US Sanctions Stir Concern in Russia’s Central Bank
28 June 2024
3115
Strangulation Sanctions The recent US “strangulation” sanctions on foreign exchange have demonstrated their potency, causing a disruption in Russia’s payments to its allies. This has precipitated a significant drop in export volume...
U.S. Steel Takeover: Nippon’s Rising Decarbonisation Costs
20 June 2024
2863
Steel Giants Merge The proposed acquisition of U.S. Steel by Nippon Steel, a deal worth $15 billion, has stirred up worries about escalating decarbonisation expenses. The Australasian Centre for Corporate Responsibility (ACCR), a stakeholder holdin...
Malaysia’s Upcoming Integration into BRICS Economic Group: A Media Report Overview
18 June 2024
2803
Prime Minister Anwar’s Bold Move In a recent revelation, Malaysia’s Prime Minister, Anwar Ibrahim, announced the country’s intent to join the BRICS, an influential group of emerging economies. This announcement ...
Restaurant Workers Lead Nationwide Push for Higher Minimum Wage
29 May 2024
2490
The Tipping Point US restaurants are facing a dual challenge: high operational costs and customers who are increasingly watching their spending. Now, they’re making a compelling argument to voters: raising the minimum wage for millions of tipp...
Global Stock Markets Surge: China's Rally Continues with No End in Sight, Say Analysts
20 May 2024
2818
Global Stock Boom Global stock markets are experiencing a significant surge, with many indexes nearing and surpassing record highs. This trend has prompted analysts to reconsider the traditional investment strategy of "...
Xi Jinping's Global Retreat Amid China's Economic Challenges
4 April 2024
4094
China's Balancing Act In 1989, following the Tiananmen Square incident, Deng Xiaoping's advice to the Communist Party was strategic and simple: "Hide your strength and bide your time." This counsel shaped China's foreign policy for years, emphasizin...
Oaknorth Profit Soars with US Expansion Plans and IPO Consideration
25 March 2024
4063
Oaknorth Rockets to Record Profits Challenger bank Oaknorth celebrates a remarkable fiscal year marked by soaring profits and ambitious expansion plans, signaling its potential entry into the public market. In a stellar display of financial prowess...
Ex-U.S. Official Drives NY Bank Stock Surge with Rescue Initiative
8 March 2024
4069
Banking on Redemption Shares of New York Community Bank (NYCB) surged on Thursday, propelled by news of a $1 billion rescue orchestrated by former Treasury Secretary Steven Mnuchin and his firm, Liberty Strategic Capital. Financial Turbulence and R...
Boeing Faces Shareholder Lawsuit After MAX 9 Crisis
1 February 2024
4306
Разгром 737 MAX Boeing , известный производитель самолетов, в настоящее время находится под пристальным вниманием из-за обвинений со стороны акционеров. Они утверждают, что компания поставила прибыль выше безопасности и ввела инвесторов в заблуждени...
UPS Cuts 12,000 Jobs, CEO Tomé Aims for $1B Savings Amid Shipping Slump
31 January 2024
4324
UPS Plunges United Parcel Service (UPS) recently announced a substantial workforce reduction in response to declining package volumes worldwide. CEO Carol Tomé highlighted this move during an earnings call, aiming to tackle financial challeng...
Euro Stable as Eurozone Avoids Recession, Dollar Softens Before Fed Decision
30 January 2024
4338
Eurozone Escapes Recession The euro stabilized on Tuesday following the release of data indicating that the eurozone narrowly avoided a technical recession in the fourth quarter. Conversely, the U.S. doll...
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