Tag Archives: America

Facebook Inc (NASDAQ: FB) is planning two undersea cables, along with Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG), which will connect Southeast Asia with North America, Reuters reported Monday.What Happened: The two cables named — Echo and Bifrost — will be the first to go through a new diverse route across the Java Sea and will increase trans-pacific subsea capacity by nearly 70%, according to Kevin Salvadori, Facebook’s vice president of Network Investments. The cables will directly… Source link

By Fanny Potkin, Aradhana Aravindan SINGAPORE (Reuters) – Facebook said on Monday it planned two new undersea cables to connect Singapore, Indonesia and North America in a project with Google and regional telecommunication companies to boost internet connection capacity between the regions. “Named Echo and Bifrost, those will be the first two cables to go through a new diverse route crossing the Java Sea and they will increase overall subsea capacity in the trans-pacific by about 70%,”… Source link

Bloomberg Turkey Says April Rate Cut Shouldn’t Be Taken for Granted (Bloomberg) — Turkish central bank Governor Sahap Kavcioglu said markets shouldn’t take for granted that he’ll cut interest rates as soon as April, when he sets monetary policy for the first time since his surprise appointment.“I do not approve a prejudiced approach to MPC decisions in April or the following months, that a rate cut will be delivered immediately,” Kavcioglu said in a written response to questions… Source link

By Ernest Scheyder (Reuters) – Last September, in the arid hills of northern Nevada, a cluster of flowers found nowhere else on earth died mysteriously overnight. Conservationists were quick to suspect ioneer Ltd, an Australian firm that wants to mine the lithium that lies beneath the flowers for use in electric vehicle (EV) batteries. One conservation group alleged in a lawsuit that the flowers, known as Tiehm’s buckwheat, were “dug up and destroyed.” The rare plant posed a problem for ioneer… Source link

It was January 2021 in McKinley County, New Mexico, and George Munoz was despondent. Ten months into the coronavirus pandemic, the devastating impact on his community weighed him down. “We live in a small town, so everybody kind of knows everybody right?” Munoz, a representative elected to the state’s legislature, told Yahoo Finance. “For seven days straight, I knew somebody who had died.” McKinley County has one of the highest COVID-related mortality rates in the U.S., according to a new… Source link

Billionaire investing icon Warren Buffett, the CEO of Berkshire Hathaway (BRK-B, BRK-A), reiterated his “never bet against America” maxim on Saturday in his annual letter to shareholders. “Today, with much of finance, media, government and tech located in coastal areas, it’s easy to overlook the many miracles occurring in middle America,” Buffett wrote in the widely-read letter. The 90-year-old Omaha, Nebraska native, who has an estimated net worth of $92.7 billion, is widely… Source link

Bloomberg Dangers of Big Oil Spending Cuts Are Visible in Angola’s Slump (Bloomberg) — The decline of Angola, from being Africa’s top crude producer five years ago to barely pumping more than war-torn Libya today, shows the heavy toll of a slump in oil-industry investment.The nation’s production has fallen by more than a third since 2015, when international oil companies started slashing investment in response to a plunge in crude prices. Despite government efforts to stimulate… Source link

TipRanks Billionaire Ray Dalio Places Bet on 3 “Strong Buy” Stocks When billionaire financier Ray Dalio makes a move, Wall Street pays attention. Dalio, who got his start working on the floor of the New York Stock Exchange trading commodity futures, founded the world’s largest hedge fund, Bridgewater Associates, in 1975. With the firm managing about $140 billion in global investments and Dalio’s own net worth coming at $17 billion, he has earned legendary status on Wall Street. Summing… Source link

President Joe Biden used an odd phrase in a Feb. 4 speech when he outlined a “foreign policy for the middle class.” With Washington focused on a kooky Republican Congresswoman and the introduction of Biden’s huge relief bill, the media barely mentioned this concept that sounds like an oxymoron. Biden might need a pithier slogan, but “foreign policy for the middle class” is his rejoinder to President Trump’s “America First” program—and the Democrats’ first-ever effort to… Source link

Just about every president promises a new-and-improved Buy America plan, and just about every president leaves with disappointing results. Joe Biden is likely to be the next. Biden signed an executive order on Jan. 25 meant to boost federal purchases of American-made products, to strengthen the U.S. manufacturing sector. Federal law already requires this, but waivers are available if U.S.-made products cost too much. The Biden order will make it harder to get a waiver, while also requiring… Source link