Headlines in the United States will focus on the United Kingdom’s Prime Minister Boris Johnson stepping down from power. For investors, there was another headline that should garner more attention. Yesterday, the European Parliament classified nuclear power and natural gas as “green energy”. The decision is part of an E.U. framework known as “E.U. taxonomy”…
Semiconductors are coming off their worst week since January. Micron (MU) earnings was a key reason why the group was under intense pressure. MU posted a decent third quarter as results were in line with expectations. The problem was with the guidance. The company forecast revenue of approximately $7.2 billion for Q4 (Aug). This was…
LONDON (AP) — Boris Johnson has caved in to a Conservative Party revolt after months of ethics scandals and resigned as party leader, but he remains Britain’s prime minister — for now — while a successor is chosen. With British politics in turmoil, here’s a look at what will happen next: WHY IS BORIS JOHNSON…
WASHINGTON (AP) — More Americans applied for unemployment benefits last week and while layoffs remain low, it was the fifth consecutive week that claims topped the 230,000 mark and the most in almost six months. Applications for jobless aid for the week ending July 2 rose to 235,000, up 4,000 from the previous week and…
By Foo Yun Chee BRUSSELS (Reuters) -Short-term accommodation services company Airbnb is obliged to provide information in rental contracts to tax authorities, an adviser to Europe’s top court said on Thursday, in another potential legal setback in Europe for the company. Airbnb has in recent years found itself at loggerheads with authorities in several European…
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly rose last week and demand for labor is slowing, with layoffs surging to a 16-month high in June as aggressive monetary policy tightening from the Federal Reserve stokes recession fears. Initial claims for state unemployment benefits increased 4,000 to a seasonally…
LONDON (AP) — Boris Johnson wanted to be like his hero Winston Churchill: a larger-than-life character who led Britain through a time of crisis. He was felled by crises of his own making, as a trickle of ethics allegations became a flood that engulfed his government and turned his own party against him. Johnson resigned…
LONDON (AP) — He was the mayor who basked in the glory of hosting the 2012 London Olympics, and the man who led the Conservatives to a thumping election victory on the back of his promise to “get Brexit done.” But Boris Johnson’s time as prime minister was marred by his handling of the coronavirus…
COLOMBO, Sri Lanka (AP) — Sri Lanka’s Central Bank has raised its key interest rates to their highest levels in more than 20 years to try to contain inflation that has added to the country’s economic woes. Recent price hikes have been a severe blow, especially for the South Asian country’s poor and vulnerable groups…
BRUSSELS (AP) — The European Union’s executive warned on Thursday that the continent is facing one of its toughest years when it comes to natural disasters like droughts and wildfires because of increasing climate change. With extremely dry weather hitting several Mediterranean nations, EU Commissioner Maroš Šefčovič told legislators on Thursday that “the present drought…
