US VP Harris hosts Guatemala's Arevalo for White House meeting on migration
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#258a1a7f ver:0.11
Homeland Security Secretary Alejandro Mayorkas met with Guatemalan President Bernardo Arévalo at the Munich Security Conference to discuss regional migration, security, and the economy . The meeting comes after Mayorkas was impeached by the U.S. House of Representatives for the administration's handling of migrants at the U.S. southern border . The U.S. has been urging countries like Guatemala to implement measures to slow migration north and address the root causes of migration . While U.S. Border Patrol arrests decreased in January, immigration remains a top priority for the Biden administration . Mayorkas and Arévalo reaffirmed their commitment to collaboration in the Americas . The meeting also follows a challenging period for Arévalo, who has faced judicial attacks and democratic conc...
#newstr #UsVp #KamalaHarris #Guatemala #BernardoArevalo #Migration #Corruption #HumanRights #Economy #GenderbasedViolence #Security #IrregularMigration #Investment
China Blocks Use of American Chips on Government Devices in Retaliation to US Restrictions
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#ecd59be8 ver:0.32
China's Ministry of Industry and Information Technology has directed domestic electric-vehicle manufacturers to increase spending with local chipmakers, at the expense of US ones, in an effort to revive a nationalist spirit and reduce reliance on the US. This move has already impacted Apple's iPhone sales in China, which were down 24% in the first six weeks of 2024 due to the growing popularity of Huawei. The directive also affects US chipmakers, such as Nvidia, which reported $10.3 billion in revenue from China for its latest fiscal year. The US has retaliated with tough export controls, which have harmed both Chinese companies and US chip giants like Nvidia. Additionally, the US House voted in favor of a bill threatening to ban TikTok unless it is divested from its Chinese parent company...
#newstr #China #Us #ChipWar #Intel #Amd #GovernmentComputers #DomesticChips #Miit
EUR/USD Holds Above 1.0800 Amid Weaker US Dollar and Upcoming Economic Data
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#acbb1c95 ver:0.39
The EUR/USD currency pair is currently trading at 1.0816, up 0.08% on the day, as the US Dollar weakens. The pair has managed to hold above the key support level of 1.0800 despite increased volatility in recent days. The Federal Open Market Committee (FOMC) decided to keep interest rates unchanged at 5.25–5.50% for the fifth consecutive meeting. Fed Chair Powell stated that the recent elevated CPI inflation data has not changed the view that inflation is trending lower. On the other hand, ECB Governing Council member Edward Scicluna suggested that an interest rate cut from the ECB in April could be warranted and should not be ruled out. Traders are now focusing on upcoming economic data, including the Chicago Fed National Activity Index, US New Home Sales data, German Retail Sales, and US ...
#newstr #Eur/usd #UsDollar #Ecb #FederalReserve #UsEconomicData #RussiaukraineConflict
Access to Capital and Support System Key for Startups in Nigeria
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#6d500d3e ver:0.2
Once upon a time in Nigeria, the power of education became the driving force behind the country's economic transformation. President Tinubu, a visionary leader, recognized the immense value of Nigeria's educated population as a key factor in attracting foreign investors. He emphasized the country's knowledge market and the high literacy rate among Nigerians, both at home and in the diaspora. With this newfound confidence, Nigeria positioned itself as a prime destination for business and economic growth.
President Tinubu embarked on a diplomatic journey to Germany, where he discussed cooperation in various areas of development, including infrastructure and transportation. Recognizing the importance of sustainable energy, he signed agreements for gas supply and renewable energy projects bet...
#newstr #Startups #AccessToCapital #Mentors #Investors #EconomicGrowth
Global Stock Markets Rally on Lower Bond Yields, Better Earnings, and Central Bank Signals
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#07ce54f9 ver:0.24
Global financial markets experienced mixed trends as economic data, oil prices, and geopolitical tensions influenced investor sentiment. MSCI's global equities index rose 0.3% as Wall Street continued to gain momentum. The benchmark S&P 500 reached a new record high, confirming its position in a bull market. The positive performance of global stock indices indicated investor confidence in the economic outlook. However, U.S. Treasury yields fell as investors took advantage of declining bond prices. The decline in yields reflected investor sentiment and expectations regarding future interest rates. The volatility in the stock market also impacted U.S. Treasuries, with 10-year Treasury yields falling to a five-month low. The decline in yields reflected investor sentiment and concerns about th...
#newstr #StockMarket #BondYields #EarningsReports #CentralBankSignals
Warren Buffett's Warning: Berkshire Hathaway's Cash Pile Signals Struggle to Find Worthwhile Investments
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#359f05ef ver:0.13
Warren Buffett's company, Berkshire Hathaway, has been selling more stock than buying over the past 15 months, resulting in a cash pile of $167.6 billion. This suggests that Buffett is struggling to find worthwhile businesses to invest in and is a silent warning to investors. The S&P 500's Shiller price-to-earnings ratio is near 35, one of the highest readings in history, indicating that stocks are historically pricey. In the past, whenever the Shiller P/E has crossed above 30 and held that mark for a notable length of time, the Dow Jones Industrial Average or S&P 500 eventually lost between 20% and 89% of their value. Despite this, Buffett would never bet against America and believes in the long-term expansion of the U.S. economy. ...
#newstr #WarrenBuffett #BerkshireHathaway #WallStreet #StockMarket
The Impact of COVID-19 on the STEM Pipeline and Math Scores in California
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#f9dd712f ver:0.08
The impact of the COVID-19 pandemic on student test scores in California continues to be significant, with scores still below pre-pandemic levels. Results from the California Assessment of Student Performance and Progress for the 2022-23 school year show that passing scores have not yet recovered to their previous levels .
In the 2018-19 school year, students in El Dorado County achieved passing marks around 10% more often than the state average. However, by the 2020-21 school year, both state and county math scores dropped by close to 6%, and English Language Arts (ELA) scores declined year after year. This decline in math and ELA proficiency has been observed nationwide, with lower-performing students experiencing a more significant drop in math scores compared to their top-achieving pe...
#newstr #Covid19 #StemPipeline #MathScores #EducationFunding #LearningLoss #HomeSchooling #SchoolClosures #ChronicAbsenteeism
US and Japan to Enhance Military Collaboration in Response to China's Growing Power
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#908825e9 ver:0.21
US President Joe Biden and Japanese Prime Minister Fumio Kishida will agree next month to tighter military cooperation, including talks on the biggest potential change to Washington's East Asia command structure in decades. Washington will consider appointing a four-star commander to oversee its forces in Japan as a counterpart to the head of a proposed Japanese Self-Defense Forces (SDF) headquarters overseeing all of the country's military operations. Kishida wants to establish the joint command headquarters before the end of March 2025. Japan has 'serious concern' over China's growing military power and the threat it poses to Taiwan. Japan is crucial for US military power in Asia, hosting 54,000 American troops and hundreds of aircraft, and Washington's only forward-deployed aircraft car...
#newstr #Us #Japan #Philippines #MilitaryCollaboration #China #Taiwan
Asian Markets Fall as Investors Await Key US Inflation Data
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#d58d5628 ver:0.97
Asian markets mostly fell on Monday as investors set their sights on the release of key US inflation data due at the end of the week. After last week's Federal Reserve projections for interest rates indicated it would cut three times this year, traders are optimistic about the outlook for equities. However, figures showing the US economy remains in rude health are keeping a lid on sentiment and raised concerns that the central bank might not be able to bring borrowing costs down as quickly as hoped. Those concerns were echoed by Atlanta Fed chief Raphael Bostic on Friday, when he said he saw inflation remaining sticky and saw just one rate cut this year, instead of the two he had previously foreseen. Eyes are now on the release of the personal consumption expenditures (PCE) index, the Fed'...
#newstr #AsianMarkets #UsInflationData #FederalReserve #InterestRates #Equities #UsEconomy #BorrowingCosts #Inflation #RateCut #PersonalConsumptionExpenditures(pce)Index
The Pink Tax and Gender Pay Gap: Financial Challenges Faced by Women
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#c623cc8c ver:0.08
Last week, the U.S. Equal Employment Opportunity Commission released a dashboard of pay data from 2017 to 2018, shedding light on the persistent gender pay gap in the United States. The data showed that only 1.6% of women fall into the highest pay band, compared to 4.6% of men. Additionally, 33.2% of women fall into the lowest employee group, while only 23.1% of men do. The agency's new Democratic majority may enforce rules based on this data, aiming to address and rectify the gender pay gap.
A recent article from the Florida Phoenix highlights that the wage gap between men and women, including in Florida, is stagnant or widening in 2024. Currently, women working full time earn between 82 to 84 cents for every dollar earned by white, non-Hispanic men. Black women earn 67 cents for every d...
#newstr #GenderPayGap #PinkTax #FinancialChallenges #Women'sExpenses
Pound Hovers Near One-Month Low on Rate Cut Bets
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#15296a3b ver:0.11
The Pound to Dollar exchange rate's technical setup has broken down, and further weakness is likely in a week dominated by the release of the U.S. PCE inflation report. The Bank of England signalled at its March policy update that it would soon be appropriate to cut interest rates, raising the odds of a first cut falling in June. Expectations for the first Federal Reserve rate cut have been drifting in the opposite direction, with a July move now possible. Shaun Osborne, Chief FX Analyst at Scotiabank, says the near-term technical setup for Pound-Dollar is 'bearish - Price action retains a soft look'. Thanim Islam, Head of FX Analysis at Equals Money, explains that the genuine prospect of a change in trend has risen. Looking at this week's schedule, a speech by Catherine Mann on Monday wil...
#newstr #Pound #Dollar #BankOfEngland #FederalReserve #InterestRates #RateCut
State Rep. Craig Goldman, Indiana State Senator Andy Zay, and Southern Indiana Doctor Richard Moss Announce Bids for Congress; Rep. Victoria Spartz Reverses Decision to Run for Reelection; Congressional Endorsement in Virginia's 7th District
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#8713f508 ver:0.08
State Representative Craig Goldman has announced his bid to replace Kay Granger in Congress. Goldman emphasizes his conservative values and commitment to border security and the American taxpayer. He criticizes the Biden Administration for working against Texas and expresses his readiness to fight for change. Granger's departure leaves a void in North Texas public service, which Goldman aims to fill.
Indiana State Senator Andy Zay, R-District 17, has also announced his campaign for the Republican primary for Indiana's Third Congressional District position in the U.S. House of Representatives. Zay's campaign highlights his eight years of service in the Indiana General Assembly and his conservative values. He aims to address national problems such as the corruption of the Biden administrat...
#newstr #CraigGoldman #AndyZay #RichardMoss #VictoriaSpartz #ChuckGoodrich #DerrickAnderson #AbigailSpanberger #Indiana #Virginia #CongressionalRace #Gop #Politics
US Government Invests $6 Billion in Industrial Emissions Reduction Projects, Supporting Clean Energy Transition and Job Creation
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#e594a02e ver:0.32
The U.S. Department of Energy (DOE) has announced a record $6 billion in federal funding to support 33 industrial projects in 20 states aimed at reducing carbon emissions . These projects will target industries such as iron and steel, cement, concrete, aluminum, chemicals, food and beverages, and pulp and paper, which collectively account for about a third of U.S. carbon emissions. The funding will help these industries implement measures to cut carbon emissions and promote sustainability. The projects are expected to eliminate 14 million metric tons of pollution annually, which is equivalent to taking 3 million gas-powered vehicles off the road. This investment will not only contribute to the decarbonization of heavy industry but also support the creation of well-paying union jobs and enh...
#newstr #IndustrialEmissions #CarbonReduction #CleanEnergy #JobCreation
How High Interest Rates Impact US Consumers
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#156d8d5f ver:0.38
Despite concerns about a potential economic slowdown, recent data suggests that American consumers are still in good financial shape. The U.S. economy has been experiencing strong growth, driven by factors such as lower inflation, steady wage growth, increased household savings, and a strong job market. The ability of businesses and households to lock in lower interest rates during the pandemic has also contributed to the economic uptick. Consumer spending, which makes up about 70% of the economy, has been a key driver of this growth, with a nearly 5% increase in real GDP in the third quarter. However, there are signs that consumer spending may be softening, with a slower pace of growth in October compared to previous months. Factors such as high prices and interest rates for new cars, dec...
#newstr #UsConsumers #InterestRates #Savings #MoneyMarketAccounts #PersonalInterestIncome
US, Korea, and UNDP Collaborate to Drive SDG 16 Solutions Through Tech Startup Competitions
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#42952edf ver:0.09
Federal Minister for Information Technology Dr. Umar Saif has officially launched the Pakistan Startup Fund with an initial allocation of Rs 2 billion. The fund aims to accelerate venture capital investment in the country and provide financial assistance to startups. Each startup will receive 30% support from the fund, with the remaining 70% contributed by venture capitalists. Currently, Pakistan has over 4,000 active startups supported by eight National Innovation Centers. These startups have already attracted nearly $800 million in foreign investment over the past four years, highlighting the country's potential in the startup ecosystem. The Pakistan Startup Fund is expected to create a value of at least Rs 50 billion per year in the startup ecosystem, leading to increased technological ...
#newstr #Pakistan #StartupEcosystem #VentureCapital #Education #YouthEmpowerment #DigitalGamingIndustry #KhyberPakhtunkhwa #Usaid #Partnership #EconomicOpportunities #MindstormStudio #Peace,Justice&InclusiveSocietyStartupCompetition #Sdgs #TechnologicalInnovation #InclusiveInstitutions #TrustedInformation #AiEthics #DataProtection #GlobalVisibility #VentureCapitalists
New Panel Faces Obstacles in Resolving Sudan's Civil War
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#4597c2b2 ver:0.07
Kenya's economy is expected to face challenges in the next two to three years, according to Prime Cabinet Secretary Musalia Mudavadi. The Kenya Kwanza administration is grappling with economic turmoil and is taking tough measures to stabilize the economy. Mudavadi, a former finance minister, believes it will take some time before Kenyans can experience any relief. To address the cash crunch, the government is considering privatizing several parastatals, including KICC, KPC, KCC, KSC, NOCK, KLB, WKRM, NMC, KVM, REAL, and MRM. Mudavadi urges patience and support from the electorate, emphasizing the need to explore alternative revenue sources instead of continuously burdening the people with taxes.
According to Musalia Mudavadi, Prime Cabinet Secretary and Cabinet Secretary for Foreign and ...
#newstr #Kenya #Economy #Privatization #AuCommission #Sudan #CivilWar #PeaceTalks #ConflictResolution
Remembering Influential Figures Who Passed Away in 2023 and Recent Deaths in Limerick, Leitrim, Tipperary, Edmonton, Sudbury, and Dundalk
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#5a8dbc63 ver:0.16
The world of entertainment and beyond has recently mourned the loss of several influential figures in 2023. Among them are Tina Turner, Richard Roundtree, Henry Kissinger, Dianne Feinstein, Rosalynn Carter, Matthew Perry, Raquel Welch, Yevgeny Prigozhin, Ken Block, Charlie Munger, Lance Reddick, Suzanne Somers, Jimmy Buffett, Tony Bennett, Cormac McCarthy, and Louise Glück.
Tina Turner, the legendary singer and performer, passed away at the age of 83. Known for her powerful voice and electrifying stage presence, Turner was a trailblazer in the music industry and left an indelible mark on generations of artists.
Richard Roundtree, known for his iconic portrayal of detective John Shaft, passed away at the age of 81. His portrayal of the suave and tough private investigator made him a cultu...
#newstr #Deaths #InfluentialFigures #2023 #2024 #Dundalk
NPF Assures Loyalty to BJP and Other Partners After Hoisting Party Flag
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#23aea947 ver:0.04
In a show of support for the Bharatiya Janata Party (BJP) and its partners, the Naga Peoples Front (NPF) in Manipur hoisted its party flag during a ceremony attended by various Naga ministers, MLAs, and officials. The event took place in Imphal East, Manipur, and was held to support the NPF's candidate for the upcoming Lok Sabha elections, Kachui Timothy Zimik .
During the ceremony, Awangbow Newmai, the NPF's Manipur president, expressed gratitude to Prime Minister Narendra Modi, Home Minister Amit Shah, BJP National President JP Nadda, state president A. Sharda, and Assam Chief Minister Himanta Biswa Sharma for their support. Newmai assured that the NPF would be a loyal partner to the BJP and other line partners, emphasizing the party's commitment to peace and prosperity ....
#newstr #Npf #Bjp #Manipur #LokSabhaElections
Addressing Youth Unemployment and Transboundary Water Cooperation Key to Peace and Stability in SADC Region
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#6b17537e ver:0.04
Growing populations and the impact of climate change are putting increasing pressure on water resources in the Southern African Development Community (SADC) region. The region has 15 major transboundary river basins, but the equitable distribution of water resources remains a challenge due to climatic factors and geographical distribution . Transboundary water cooperation is essential for nurturing stability and harmony in the region. The SADC Revised Protocol on Shared Watercourses of 2000 and other regional instruments drive and govern transboundary water cooperation. The Global Water Partnership Southern Africa (GWPSA) supports countries in promoting transboundary cooperation within shared river basins. Efforts to promote water for peace must adopt an integrated approach that recognizes...
#newstr #Sadc #TransboundaryWaterCooperation #YouthUnemployment #Peace #Stability
Myanmar's Military Dictators Express Willingness to Hold Elections with Conditions
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#1e7c48d0 ver:0.19
The military regime in Myanmar, led by junta chief Min Aung Hlaing, has stated its willingness to hold elections in certain regions of the country, but only if there is peace and stability. In an interview with the Russian state news agency Tass, Min Aung Hlaing said that if the state is peaceful and stable, they have a plan to hold elections in relevant sections, even if it is not held nationwide under the law. The military regime, which seized power in a coup in February 2021, has extended the state of emergency and is currently facing a rebellion by ethnic guerrillas. The coup was justified by the military due to alleged massive fraud during the November 2020 general elections. However, the opposition National Unity Government and human rights organizations have criticized the military'...
#newstr #Myanmar #MilitaryRegime #Elections #Peace #Stability #Coup #Fraud #Rebellion #Displacement #Repression