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Turkey’s Erdogan overhauls cenbank MPC, appoints two new members

Turkey’s Erdogan overhauls cenbank MPC, appoints two new members

© Reuters. FILE PHOTO: A logo of Turkey’s Central Bank (TCMB) is pictured at the entrance of the bank’s headquarters in Ankara, Turkey April 19, 2015. REUTERS/Umit Bektas///File Photo ISTANBUL (Reuters) – Turkey’s President Tayyip Erdogan dismissed central bank monetary policy committee (MPC) members Semih Tumen, Ugur Namik Kucuk and Abdullah Yavas on Thursday, appointing…

Biden enlists Target, Walmart to fix bottlenecks threatening holiday sales

Biden enlists Target, Walmart to fix bottlenecks threatening holiday sales

© Reuters. FILE PHOTO: U.S. President Joe Biden speaks as he participates in the virtual CEO Summit on Semiconductor and Supply Chain Resilience from the Roosevelt Room at the White House in Washington, U.S., April 12, 2021. REUTERS/Kevin Lamarque By Alexandra Alper, Steve Holland and Nandita Bose WASHINGTON (Reuters) -President Joe Biden on Wednesday urged…

Cryptocurrencies post eight straight weeks of inflows

Cryptocurrencies post eight straight weeks of inflows

© Reuters. A representation of the virtual cryptocurrency Ethereum is seen among representations of other cryptocurrencies in this picture illustration taken June 14, 2021. REUTERS/Edgar Su/Illustration By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Cryptocurrency products and funds attracted $226.2 million in investments last week, marking their eighth straight week of inflows, a report from digital…

U.S. House votes for short-term debt ceiling fix, averting default

U.S. House votes for short-term debt ceiling fix, averting default

© Reuters. FILE PHOTO: An American flag flies outside of the U.S. Capitol dome in Washington, U.S., January 15, 2020. REUTERS/Tom Brenner By Susan Cornwell and Richard Cowan WASHINGTON (Reuters) -The Democratic-controlled U.S. House of Representatives gave final approval on Tuesday to legislation temporarily raising the government’s borrowing limit to $28.9 trillion, pushing off the…

Yellen tells IMF’s Georgieva data-rigging probe raised ‘legitimate’ concerns-Treasury

Yellen tells IMF’s Georgieva data-rigging probe raised ‘legitimate’ concerns-Treasury

© Reuters. FILE PHOTO: Treasury Secretary Janet Yellen testifies during the House Financial Services Committee hearing in Washington, U.S., September 30, 2021. Sarah Silbiger/Pool via REUTERS WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen told International Monetary Fund Managing Director Kristalina Georgieva on Monday that a law firm’s report into World Bank data-rigging allegations against…

United States has lost AI battle to China, Pentagon’s ex-software chief says

United States has lost AI battle to China, Pentagon’s ex-software chief says

© Reuters. FILE PHOTO: An autonomous delivery vehicle by Damo is displayed at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 8, 2021. REUTERS/Yilei Sun LONDON (Reuters) -China has won the artificial intelligence battle with the United States and is heading towards global dominance because of its technological advances, the Pentagon’s former software…

Biden’s Treasury hobbled by Cruz’s nomination blocks over Nord Stream 2 -officials

Biden’s Treasury hobbled by Cruz’s nomination blocks over Nord Stream 2 -officials

© Reuters. FILE PHOTO: U.S. Senator Ted Cruz (R-TX) addresses a news conference on Capitol Hill in Washington, U.S., October 6, 2021. Picture taken October 6, 2021. REUTERS/Evelyn Hockstein/File Photo By Andrea Shalal WASHINGTON (Reuters) – The U.S. Treasury is being held hostage by Republican Senator Ted Cruz’s efforts to halt a Russia-to-Germany gas pipeline,…