The first bus of migrants from Texas’ southern border arrived in Washington, D.C., on Wednesday morning, one week after Texas Gov. Greg Abbott vowed to send migrants to the nation’s capital. in protest of President Biden’s immigration policies. However, despite Abbott’s pledge to deliver the migrants to “the steps of the United States Capitol,” they were reportedly dropped off nearby, outside Fox News’ D.C. bureau. According to CNN, at least five of the migrants who disembarked… Source link
Read More »Russia faces increased risk of default as key US sanction exemption expires in May
Sanctions on Russia have effectively isolated Vladimir Putin’s country from the global economy, with the country at increased risk of not being able to pay its bills. The major credit rating agencies have begun the process of declaring the country in default, which generally refers to a government unable to meet obligations on its debt. The agencies add that further sanctions at the end of May will further ratchet up pressure on Russia. On Friday, S&P Global Ratings downgraded Russia’s… Source link
Read More »Germany Faces Reckoning for Relying on Russia’s Cheap Energy
(Bloomberg) — For years, the U.S. warned Germany of building up a dangerous energy dependence on Russia, the source of more than half of its fossil fuel imports. Now that the war in Ukraine has shocked Berlin into the same conclusion, the government is finding that changing course might be too late. Most Read from Bloomberg Europe’s largest economy is facing up to the prospect that the bulk of its natural gas and coal supplies could get choked off, ripping through its industrial base and… Source link
Read More »JPMorgan Warns Russia Faces 1998-Like Collapse in Economy
(Bloomberg) — Russia is on course for an economic collapse that will rival or even eclipse the size of the 1998 slump which followed its debt default, although the financial fallout may be less than then. Most Read from Bloomberg Days after President Vladimir Putin ordered troops into Ukraine, economists are starting to publish forecasts for what is currently the world’s eleventh largest economy, even though they warn the outlook is opaque and subject to revision. JPMorgan Chase & Co.’s… Source link
Read More »Avocado supply faces ‘big concern’ as inflation, scarcity send prices on a tear
On one hand, they are deliciously creamy, versatile and gloriously Instagram-mable. On the other, they leave an enormous carbon footprint, which hasn’t stopped consumers from slathering them on everything in a way that’s led to a dramatic boost in consumption in recent years. Americans have a “hefty” appetite for avocados — one that’s adding to widespread food price pressures and general scarcity, according to Zhengfei Guan, an associate professor of food and resource economics at the Source link
Read More »Mikaela Shiffrin faces her disappointing Games head on
YANQING, China — Mikaela Shiffrin spent her darkest moments of a dark Olympics staring into a spotlight. At the base of the “Ice River,” the ski slope that felled her, again and again, she’d hop from one television camera to the next, and bare her soul. She’d laugh and cry and probe, searching for proper words, exploring the intricacies of failure. Many people would rather anguish in private. Shiffrin, who anguished more than most at these Games, broadcast her emotional… Source link
Read More »Google Faces New Antitrust Law in Europe
“We are an example of the consequences,” said Michal Feix, a former chief executive of Seznam, who now leads its policy and legal work as an outside consultant. Without the new laws, he said, “you just can’t compete.” Google said its success in the Czech Republic was the result of building a superior service. Czechs “choose our products because they help people find the information they’re looking for — and because we make thousands of improvements every year,” Google said… Source link
Read More »Matthew Stafford faces most pressure
Quarterbacks always get an outsized share of credit — and blame. That’s especially true in the playoffs. It’s why, heading into the NFL’s wild-card weekend, there is so much focus on the 14 starting QBs, 12 of whom will play this round. It’s a crew that comes in all shapes, sizes and accomplishments. There’s 44-year-old Tom Brady of Tampa Bay, starting his 46th playoff game. There are two 23-year-olds making their debuts (Philadelphia’s Jalen Hurts and New England’s Mac… Source link
Read More »Google faces nearly $100 million fine in Russia over failure to delete banned content
A Russian court has fined Google $98 million over its failure to remove content deemed illegal in the country. The 7.2 billion rouble fine is around eight percent of Google’s revenue in Russia, Reuters reports, and comes amid a broader push within the country to exert more control over big tech companies and the content people publish on their platforms. Google tells The Verge it will “study the court documents when they are available and then decide on next steps.” However, a… Source link
Read More »Bitcoin faces only one ‘legitimate risk,’ Microstrategy CEO Michael Saylor says
Bitcoin (BTC-USD) is down more than 20% from its record high and is set for its fourth straight weekly decline. Crypto bulls, as always, are keeping the faith. That includes MicroStrategy CEO Michael Saylor, who added bitcoin to his company’s balance sheet last year. Since then, he’s been an outspoken advocate. Right now, he doesn’t see many — any? — long-term obstacles to prices going higher. “The only legitimate risk is a black swan – an unknown unknown,” he said in an… Source link
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