Tag: politics
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NatWest CEO resigns after admitting to be source for inaccurate story on Nigel Farage
[ad_1] The chief executive of NatWest resigned on Wednesday, leaving after admitting to leaking banking information on a conservative politician to the BBC. Alison Rose will step down “by mutual consent,” just a day after she said she was the source of a story from the BBC that Nigel Farage had his account closed because…
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Billionaire owner of Tottenham football club charged with insider trading
[ad_1] U.S. prosecutors have called an offsides on the British billionaire owner of Tottenham Hotspur soccer team, charging him with a “brazen insider-trading scheme,” in which he passed secret stock tips worth millions to his girlfriends, private pilots and assistants for years. Joe Lewis, 86, who is one of the richest people in the United…
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Romney says GOP presidential no-hopers must bow out by Feb. 26 to stop Trump
[ad_1] “‘Republican megadonors and influencers — large and small — are going to have to do something they didn’t do in 2016: Get candidates they support to agree to withdraw if and when their paths to the nomination are effectively closed. That decision day should be no later than, say, Feb. 26, the Monday following…
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Opinion: Fed officials were slow to fight inflation. Now they may be too easy on it.
[ad_1] Political pressures on the U.S. Federal Reserve and President Joe Biden’s economic agenda have delivered a painful blow — inflation still above the Fed’s 2% target, high interest rates and declining living standards. COVID-induced supply chain disruptions can be blamed for about half of the surge in inflation that began in early 2021. Most of the…
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Opinion: China is feeling the pinch from a weakening global economy and U.S. restrictions
[ad_1] For decades, China set a shining example of how to capitalize on globalization to accelerate domestic economic growth and development. These days, however, the country risks becoming a cautionary tale about mishandling globalization’s shift from a beneficial tailwind to a disruptive headwind. Although the Chinese economy’s recent travails have some unique characteristics, they illustrate…
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Opinion: ‘Oppenheimer’ gives investors another reason to be bullish about nuclear energy
[ad_1] One of the hottest movies of the summer is the staggeringly good biopic “Oppenheimer,” about the man who oversaw the frantic race to develop the atomic bomb during World War II. The atom bomb dropped on Hiroshima, Japan on Aug 6, 1945 was a fission-style device. This also happens to be the same basic…
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Opinion: Ukraine’s membership in NATO is needed to keep critical technology from China
[ad_1] The future of Ukraine in the NATO alliance will prove critical to the balance of power in the Pacific and U.S. economic leadership around the world. Tensions within NATO on the embattled nation’s status were on full display at the Vilnius Summit last week. On the agenda was Ukrainian membership, an issue sidestepped by the United States,…
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AI will require ‘some new laws,’ Biden says, even as tech giants agree to safeguards
[ad_1] Realizing the promise of artificial intelligence by managing its risks will require “some new laws, regulations and oversight,” President Joe Biden said Friday, even as several tech companies agreed to new AI safeguards. Amazon AMZN, +0.34%, Google GOOG, +0.55% GOOGL, +0.52%, Meta META, -2.73%, Microsoft MSFT, -0.66% and other companies voluntarily agreed to steps…
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Biden would beat Trump even if a third-party candidate joins White House race: poll
[ad_1] Voters are more interested in another Joe Biden administration than any third-party option or Donald Trump in 2024, according to polling data from Monmouth University. In another Biden vs. Trump election, a combined 47% of voters say they would definitely or probably vote for President Biden and 40% of voters would definitely or probably…
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Biden tasks group to explore ways to prevent future debt-limit standoffs
[ad_1] Less than two months after avoiding a government default, President Joe Biden has tasked a working group to “explore all legal and policy options” to avoid a future debt-limit crisis. The Debt Ceiling Working Group, co-chaired by White House Counsel Stuart Delery and National Economic Council Director Lael Brainard, will include Treasury Secretary Janet…