As dawn broke on Saturday, thousands had gathered outside Omaha’s CHI Health Center Arena. Some arrived before 3.30am, standing for hours in the drizzle. This is a “once-in-a-lifetime opportunity”, said Larry Blivas, 70, near the front of the line. The realtor traveled from Los Angeles to see “an icon”, he explained. “He’s a legend,” added … Read more
Britain ran an empire for centuries that at its peak 100 years ago occupied just under a quarter of the world’s land area. Yet if you believe “Imperial Measurement”, a report released last week from the rightwing Institute of Economic Affairs (IEA), the net economic impact of this vast empire on Britain was negligible, even … Read more
Russia’s fortress economy has proved remarkably resilient to an onslaught of Western sanctions. Two years after the Kremlin’s invasion of Ukraine, it continues to fund a costly war and to prop up President Vladimir Putin. But there’s at least one spot where the pain is very real. The Novatek PJSC-led Arctic LNG 2 facility, on … Read more
The price of milk at Karachi in fiscally-stressed Pakistan shot up to 10 per litre after the city’s commissioner approved a hike, acceding to the demands of the Dairy Farmers Association, ARY News reported. As per the commissioner’s directives, the price of milk has surged by PKR 10 per litre, with shops in Karachi now … Read more
Metal stocks have been on a roll lately. The Nifty Metal index has been up significantly, with gains of over 50%, in the last one year. ETMarkets spoke to Sonam Srivastava, Founder & CEO of Wright Research, to understand the factors behind the rally and more. Edited excerpts: 1. The Nifty Metal index has been … Read more
The Bank of England may offer a clearer signal in the coming week on whether it plans to cut interest rates this summer, just as investors bet on a delayed outlook for easing. Ahead of Thursday’s decision, Governor Andrew Bailey has distanced Britain from resurgent consumer price pressures in the US, pointing to “strong evidence” … Read more
(KRON) — An online grocery delivery company will pay $1.55 million to settle a consumer protection lawsuit filed over allegations of false advertising and automatically renewing customer subscriptions. Thrive Market, an e-commerce membership-based grocery delivery service offering natural and organic food products, allegedly violated parts of California’s Automatic Renewal Law and False Advertising Law, investigators … Read more
Jeremy Hunt and his team are considering not holding another tax-cutting autumn statement before the next election, amid uncertainty about the public finances. The chancellor has already hinted that he plans to pledge further tax cuts – including another down payment on Rishi Sunak’s ambition to abolish national insurance – before a general election, which … Read more
More than three million Australians will have their student debt wiped in a bid to win over younger voters crushed by the cost of living crisis. Education Minister Jason Clare on Sunday announced the government would cap the Higher Education Loan Program (HELP) indexation rate, eliminating about $3 billion of student debt. The capped rate … Read more
Warren Buffett says he has sold all of his shares in Paramount Global at a significant loss. Speaking at the annual meeting of Berkshire Hathaway, his company, today in Omaha, NE, the billionaire investor took full ownership of the bad call. Despite speculation to the contrary, he said, “It was 100% my decision” to invest … Read more
