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Get our FREE US Election Countdown newsletterImportant news about money and politics in the race for the White HouseThe U.S. Treasury Department has significantly expanded its secondary sanctions program against Russia and will now treat foreign financial institutions that do business with sanctioned Russian companies as if they were doing business directly with the Kremlin’s military-industrial base.The new set of measures would expand a White House executive order issued in December that gave the Treasury Department the authority to impose secondary sanctions on foreign financial institutions if they were found to be acting for or on behalf of any of…
Chinese Premier Li Qiang meets with Japanese Chamber of Commerce and Industry delegation … [+] Happy times. (Photo by Yao Dawei/Xinhua via Getty Images)Xinhua News Agency via Getty Images Japanese companies, once big fans of Chinese companies and a major source of Chinese investment inflows, have turned their backs on China. This is unwelcome, to say the least, as Beijing struggles to revive its economy and grapples with growing hostility from the United States and Europe. It presents President Xi Jinping and his Beijing advisers with even tougher economic and financial challenges. In this pivot, Japanese companies followed most other…
Stellantis CEO Carlos Tavares speaks at a press conference after meeting with labor unions in Turin, Italy, March 31, 2022.Massimo Pinca | ReutersTavares and other executives are expected to address competition with China, capital discipline, upcoming products, software efforts and the possibility of further cost-cutting as the company aims to hit ambitious financial targets by 2030.When Tavares’ PSA Group merged with Fiat Chrysler in January 2021, the newly combined company targeted cutting spending by 5 billion euros ($5.4 billion) annually, a target it said it would reach in 2024, a year ahead of schedule.More recently, Tavares said the parent company…
(WJET/WFXP) — Bus company Coach USA announced plans to sell its assets Tuesday and filed for Chapter 11 bankruptcy protection. Coach USA operates under several brands, including Megabus, Coach Canada, Dillon’s Bus Company, Coach USA Airport Express and Go Can Galder. Coach USA’s fleet of approximately 2,070 buses carries millions of passengers across North America each year. The company currently has assets of between $100 million and $500 million, but liabilities of about $200 million, according to court documents. The company announced the filing in a press release, citing a variety of factors that led to the filing and sale.…
Kansas City Chiefs tight end Travis Kelce and Philadelphia Eagles center Jason Kelce have become major investors in Ohio-based light beer company Garage Beer. ESPN’s Adam Schefter It was reported on Wednesday. This marks the Kelce brothers’ first joint venture since launching their hugely popular podcast, “New Heights,” in 2022, and the first time the University of Cincinnati alumni will serve as significant owners and operators of a business together.”People are craving quality and simplicity, and Garage beer gives me both,” Jason Kelsey said in a press release. “We’re all about light beer drinkers, and Garage is the best light…
The Biden administration on Wednesday announced a set of new financial sanctions aimed at severing the rapidly expanding technology ties between China and Russia, which U.S. officials see as the backdrop to a broader effort to rebuild and modernize Russia’s military amid the country’s war with Ukraine.The measures were announced just before Biden leaves Russia for a meeting of the Group of Seven industrialized nations in Italy, where renewed efforts to undermine Russia’s economy are set to be at the top of the president’s agenda.The effort has become much more complicated over the past six to eight months as China,…
Info-Tech LIVE 2024 will provide actionable insights and transformation strategies for IT leaders and professionals. The first wave of featured experts for the September conference include: Las Vegas was announced, setting the stage for a groundbreaking event focused on the future of technology and next-generation IT operating models.Toronto, June 12, 2024 /PRNewswire/ — Info-Tech Research Group, a global IT research and consulting firm, has announced the upcoming keynote speakers for its upcoming Info-Tech LIVE 2024 conference. September 17-19, 2024at the Bellagio Las VegasThis premier event brings together IT executives and professionals from around the world to engage with thought leaders,…
A unique production by Monumental Sports & Entertainment The rescue dog competition show will air on Friday, June 14th. click here Videos and photos of Stanley Pups dogs and Capitals players, video of Tom Wilson and Trevor Van Riemsdyk is reading out the “starting lineup.” Washington DC (June 12, 2024) –Monumental Sports Network (MNMT), a local independent media platform, announced today that the show will be broadcast. Stanley PappA 90-minute program depicting friendly dog competitionwhich will air Friday, June 14 at 7pm ET. The show will be rebroadcast several times on MNMT over the coming weeks. Monumental Sports & Entertainment…
MEMPHIS, Tenn. — People around Memphis are scared to drive on the interstate.FOX 13 has covered too many interstate shootings, but when they involve children, it can be even more difficult.Another interstate shooting occurred Tuesday, this time on Interstate 240 at Poplar Avenue in East Memphis, leaving three children and one adult injured.All four suffered serious injuries, police said.RELATED: 3 children, 1 adult seriously injured in shooting on I-240 in Poplar, police saySo far this year, police have reported 42 shootings on interstates across Memphis.MPD said interstate shootings are down so far this year compared with about 58 during the…
By Gibran Nayyar Peshimam, Asif Shazad and Ariba Shahid ISLAMABAD (Reuters) – Pakistan set a tax collection target of 13 trillion rupees ($46.66 billion) for the year starting July 1 in its national budget published on Wednesday, up nearly 40 percent from the current fiscal year and aimed at bolstering the case for a new bailout deal with the International Monetary Fund. The ambitious revenue target for the fiscal year ending June 2025, announced by Finance Minister Mohammed Aurangzeb in parliament, was in line with analysts’ expectations. Total expenditure was 18.87 trillion rupees ($68 billion). According to the government’s budget…