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  • Business
    Bloomberg

    Fed’s Bostic Reiterates Rate Cut Is Not Likely Until End of Year

    (Bloomberg) -- Federal Reserve Bank of Atlanta President Raphael Bostic said he’s comfortable keeping interest rates steady, reiterating he doesn’t think it will be appropriate to lower borrowing costs until toward the end of the year.Most Read from BloombergDubai Grinds to Standstill as Flooding Hits CityElon Wants His Money BackRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingSingapore Loses ‘World’s Best Airport’ Crown to QatarRed Lobster Considers Bankruptcy to Deal With Leas

  • Business
    Bloomberg

    Codelco Copper Output Affected by Fatal Accident, Chile Minister Says

    (Bloomberg) -- Codelco, the Chilean state company battling to retain the title of world’s largest copper supplier, is set to suffer a dip in output this month after a fatal accident at one of its mines, according to a top government official.Most Read from BloombergDubai Grinds to Standstill as Flooding Hits CityElon Wants His Money BackRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingSingapore Loses ‘World’s Best Airport’ Crown to QatarRed Lobster Considers Bankruptcy to Deal Wi

  • News
    The Canadian Press

    Kentucky governor announces lottery to award initial round of medical cannabis business licenses

    FRANKFORT, Ky. (AP) — Kentucky will use a lottery system to award an initial round of licenses to businesses competing to participate in the state's startup medical cannabis program, Gov. Andy Beshear announced Thursday. The governor called it a fair way to give each applicant that clears the screening process an opportunity to land a license for the program, which launches statewide at the start of 2025. The lottery, set for October, should remove any temptation to lobby in an effort to “get a

  • Business
    The Canadian Press

    Alberta government announces plan to protect consumers from power price swings

    EDMONTON — The Alberta government is proposing measures, to take effect in January, that aim to protect power consumers from wild price swings. Premier Danielle Smith told a Thursday news conference the default power rate — currently called the Regulated Rate Option — is misleadingly named because it can vary monthly according to weather and global events. She said her United Conservative Party government aims to introduce legislation this spring renaming it the Rate of Last Resort so consumers