WASHINGTON (Reuters) – The U.S. Senate on Tuesday confirmed Jared Bernstein as chairman of the Council of Economic Advisers (CEA) in a 50-49 vote, elevating a longtime adviser to President Joe Biden who began his career as a jazz musician and social worker. Biden nominated Bernstein, who was already a member of the council, on…
By Ayushman Ojha (Reuters) -New Zealand’s Auckland International Airport (AIA) said on Wednesday it has revised its dividend policy and will now pay its shareholders only 70% to 90% of underlying net profit after tax, sending its shares to their lowest in nearly five months. The revision is a downgrade from AIA’s previous policy to…
(Reuters) – Former U.S. President Donald Trump pleaded not guilty in Miami federal court on Tuesday to criminal charges that he unlawfully kept national-security documents when he left office and lied to officials who sought to recover them. Following are some comments in reaction to the news: *Former President Donald Trump on Truth Social “Thank…
(Reuters) – Thousands of popular Reddit communities dedicated to topics ranging from Apple Inc to gaming and music locked out their users on Monday in protest against the company’s plan to charge for access to its data. Starting next month, third-party app developers using Reddit’s vast troves of data will have to pay a price…
(Reuters) – Thousands of popular Reddit communities dedicated to topics ranging from Apple Inc to gaming and music locked out their users on Monday in protest against the company’s plan to charge for access to its data. Starting next month, third-party app developers using Reddit’s vast troves of data will have to pay a price…
By Makiko Yamazaki and Maki Shiraki TOKYO (Reuters) -Toyota faces an unprecedented challenge at its annual shareholder meeting on Wednesday, with some pension funds voting against Chairman Akio Toyoda on governance issues, while seeking more disclosures on the Japanese automaker’s climate lobbying. The world’s top car maker has become a target in recent years for…
By Svea Herbst-Bayliss NEW YORK (Reuters) -Activist investor Sarissa Capital may have cleared a stumbling block in its push for board seats at Alkermes when one of its candidates resigned from the board of a company that has a commercial relationship with the drugmaker. The hedge fund’s founder, Alex Denner, 53, one of three Sarissa…
(Reuters) -Cryptocurrency exchange Binance has not sold either bitcoin or Binance Coin, its native token, the company’s CEO Changpeng Zhao tweeted on Tuesday. Last week, Binance was sued by the U.S. Securities and Exchange Commission, which listed 13 charges against the company, Zhao and the operator of its purportedly independent U.S. exchange. The lawsuits against…
SEOUL (Reuters) – South Korea’s jobless rate fell in May to a record low, official data showed on Wednesday, indicating a still robust labour market despite signs of slowing economic growth. The country’s seasonally-adjusted unemployment rate fell to 2.5% in May from 2.6% in April, the lowest since the data series began in June 1999,…
MANAGUA (Reuters) – Iranian President Ebrahim Raisi arrived in Nicaragua on Tuesday, according to state media, marking his second stop on a three-nation Latin American tour. Nicaragua’s Foreign Minister Denis Moncada received Raisi at the airport, state media said, adding the Iranian leader traveled with his wife and a delegation made up of ministers and…
