New York City’s school system, the largest in the country, will offer no remote learning option in the fall, requiring all of its 1.1 million students to attend classes in person after more than a year of disruption caused by the pandemic, Mayor Bill de Blasi…
Royal Dutch Shell (RDSa.L) agreed to sell its controlling interest in a Texas refinery to partner Petroleos Mexicanos (Pemex) for about $596 million, the latest move by the European oil major to cut its global refining footprint.The deal ends a 28-year partnership between Shell and Pemex, Mexico’s state-run oil company that processed up to 340,000…
With inflation fears buzzing in markets and political circles, Federal Reserve officials have laid out long, itemized lists for why they feel a recent jump in the price of many goods won’t spiral into a larger problem.There is some simple math involved. But mostly their arguments rely on the balancing dynamics of supply and demand,…
Big U.S. banks are prepared for credit-card balances to start ticking up again this year as pandemic restrictions ease and stimulus checks stop arriving, setting up the industry for a bump in one of its most profitable businesses.Lenders, including Capital One (COF.N), Citigroup (C.N) and JPMorgan (JPM.N), have been sending out more promotions to enroll…
Western politicians accused Belarus on Monday of state piracy amounting to a “warlike act”, searching for a way to retaliate that would match the gravity of the offence after Minsk forced an airliner down and arrested a dissident journalist.
Australian shares inched higher on Monday, helped by a rise in energy stocks, while investors looked to U.S. inflation data due later this week that could determine the Federal Reserve’s monetary policy stance.
Taiwan’s government on Monday nullified a decision by an island that sits close to China to mandate COVID-19 tests for all arrivals, rebuking it for not following the law even as authorities deal with a rise in domestic infections.Taiwan is dealing with a spike in cases after months of keeping the pandemic well under control,…
Cryptocurrency miners, including HashCow and BTC.TOP, have halted their China operations after Beijing intensified a crackdown on bitcoin mining and trading, hammering digital currencies amid heightened global regulatory scrutiny of them. A State Council committee led by Vice Premier Liu He announced the crackdown late on Friday – the first time the council has targeted…
The dollar stood near its lowest level in three months against a resurgent euro, struggling for traction as investors pared earlier bets the U.S. Federal Reserve may soon be ready to taper its stimulus. The dollar index, measuring the greenback against a basket of six currencies, was hovering at 90.027 , a tad above a…
Samoa’s Prime Minister Tuilaepa Sailele Malielegaoi said on Monday he would remain in office, despite an order by the country’s Supreme Court that lawmakers sit to appoint a new leader.Samoa’s Supreme Court last week overruled an attempt by the head of state Tuimalealiifano Vaaletoa Sualauvi II to void April’s election results which ended Tuilaepa’s grip…
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