Former NY Fed President Bill Dudley says Federal Reserve restored corporate and market function but one area where people are critical of the Fed is its lack of main street lending facility.
Former NY Fed President Bill Dudley says Federal Reserve restored corporate and market function but one area where people are critical of the Fed is its lack of main street lending facility.
The IOC and Tokyo Olympic organizers start three days of virtual meetings Wednesday and will run into some of the strongest medical-community opposition so far with the games set to open in just over eight weeks. The meetings are headed by IOC Vice President John Coates, who will attempt to again assure the Japanese population that the games will be “safe and secure." Much of Japan, including Tokyo and Osaka, is under a state of emergency, which forced IOC President Thomas Bach to cancel a trip to Japan this month.
Today, a global youth-led food movement was launched, promising to ignite a campaign action to combat hunger, improve health and heal the planet. The #Act4Food and #Act4Change campaign takes the form of a simple pledge and list of actions. The pledge brings together young people from around the world to focus on personal action and advocacy as a contribution to systemic change. The pledge is facilitated by Global Alliance for Improved Nutrition and Food Foundation.
Richmond Hill, Ontario--(Newsfile Corp. - May 18, 2021) - Notox Technologies Corp. (OTC: NTOX) ("Notox" or the "Company") is pleased to announce that it has retained RQM+, a global consulting agency with U.S. headquarters, to assist Notox with the Company's regulatory strategy and filing needs. Through an agreement with RQM+, Notox will be able to gain direct access to more than 400 subject matter experts including former regulators, engineers, PhD medical writers, and biotech ...
Kao is aiming to reduce its CO2 emissions to zero by 2040, and to be carbon negative by 2050.
Dry skin and rough heels have finally met their match.
XPOP will launch a new NFT marketplace for entertainment field in Southeast Asia and made an agreement with over 200 K-POP teams for the registration.
The Asia-based blockchain-focused platform secured investment from prominent tech leaders including Fenbushi, Longling Capital and Don TapscottHong Kong, May 18, 2021 (GLOBE NEWSWIRE) -- (via Blockchain Wire) Forkast Ltd., a blockchain-focused multimedia platform, has successfully completed its seed funding round of US$1.7 million, which was oversubscribed. A group of global institutional investors and leading blockchain players participated, including Asia-based AMTD Group, Fenbushi Capital, Alibaba Hong Kong Entrepreneurs Fund, Animoca Brands, Longling Capital, CMCC Global and Sora Ventures, as well as Don Tapscott and Loma Ventures, among those in North America. The funding will be used to enhance Forkast’s digital story-telling capabilities led by video, expand its current team, and invest in innovative content creation technologies that deepen engagement with a global audience. “We are grateful and humbled by the strategic support from investors who share our vision and believe in our mission of providing the highest quality of journalism to our audience,” said Angie Lau, CEO and editor-in-chief of Forkast, a former Bloomberg anchor who co-launched the organization in 2018 with Sarah Chang, a former McKinsey & Company consultant and startup veteran. “AMTD Digital believes in creating values through connecting dots. We see Forkast as an equation of technology, knowledge and innovation and we are happy to partner with Forkast to deliver global stories and analysis on emerging technology,” said Calvin Choi, chairman of AMTD Group and founder of AMTD Digital. Connecting East and West With a base in Asia and eyes on the world, Forkast’s team of senior multimedia reporters and expert analysts offers the audience a unique perspective and timely insights on Asia, the fastest growing and most active crypto market in the world. “Fenbushi is proud to support platforms that educate the world on crypto and blockchain through our investment in Forkast,” said Remington Ong, a partner at Fenbushi Capital. “As many Fortune 500 companies and mass market retail investors are allocating into crypto, it is more important than ever to build a credible source of deep industry insights in a language accessible to the average layman.” “Like Fenbushi, Forkast is rooted in Asia, and as such, is uniquely positioned to bridge the gap in information flow between the East and the West,” he added. Don Tapscott, best-selling author and co-founder of the Blockchain Research Institute, said, “I was a fan of Forkast before I became an investor. It is my definitive source on my understanding of Asia.” The funding round took place during the height of Covid-19, which still presents monumental challenges for many startup companies in the region. “As the pandemic continues to affect many parts of the world, it is crucial for the corporate community to step up support for entrepreneurs,” said Cindy Chow, executive director of the Alibaba Hong Kong Entrepreneurs Fund. “Our investment in Forkast not only demonstrates our commitment in fostering the next generation of problem-solvers and thought leaders, but also underscores Alibaba’s unwavering support for forward-thinking female entrepreneurs.” ABOUT FORKAST LTD Founded in 2018, Forkast.News is a digital media platform covering all things blockchain and emerging technology at the intersection of business, economy, and finance — from Asia, to the world. Led by former Bloomberg TV anchor Angie Lau, Forkast.News is an authority in this space and has partnered with organizations like OECD, World Economic Forum, IBM, EY, and more. Jenny Hsu PR / Communications Forkast Ltd +886 937331097 email@example.com https://forkast.news
"There are questions that come up from the bachelor party that Kevin has to wrestle with," Sterling K. Brown tells PEOPLE
(Bloomberg) -- Qatar Investment Authority is in talks to inject HSBC Holdings Plc’s London headquarters building into a planned property trust being listed by City Developments Ltd., people with knowledge of the matter said.The potential deal would boost the value of the real estate investment trust portfolio to 1.8 billion pounds ($2.6 billion) from 600 million pounds, said the people, who asked not to be identified as the information is private.The Gulf sovereign wealth fund and the Singaporean homebuilder aim to raise 500 million pounds from an initial public offering of the sterling-denominated REIT, the people said. The IPO could take place in the city-state as soon as the third quarter, they said.Deliberations are ongoing and there is no certainty that a deal will proceed, said the people. A representative for City Developments declined to comment. A representative for QIA did not immediately respond to requests for comment.The IPO denominated in sterling would be only the second such offering in Singapore, after Elite Commercial REIT’s first-time share sale raised about 135 million pounds last year. City Developments has been working with DBS Group Holdings Ltd. and Oversea-Chinese Banking Corp. on the planned REIT IPO, Bloomberg News reported last year.City Developments has constructed more than 46,000 homes and owns over 24 million square feet of properties in 29 countries and regions, according to its website. Its portfolio includes residences, offices, hotels and shopping malls.Shares in City Developments slipped about 1% in early trading in Singapore on Wednesday, giving the company a market value of about $5.1 billion.QIA manages about $300 billion of assets and ranks as the world’s 11th-largest wealth fund, according to the Sovereign Wealth Fund Institute. It bought 8 Canada Square, the building in London’s Canary Wharf financial district that houses HSBC’s head office, in 2014 from South Korea’s National Pension Service for an undisclosed amount.Sheikh Mohammed bin Abdulrahman Al Thani, QIA’s chairman and Qatar’s foreign affairs minister, told Bloomberg TV in January that the fund is looking to Asia for deals in an effort to diversify an investment portfolio heavily weighted toward North America and Europe.(Adds City Developments’ share price in seventh paragraph.)More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Check out the two-minute official trailer for 'Resident Evil: Infinite Darkness.'
(Bloomberg) -- Asian stocks tracked U.S. declines Wednesday as concern about faster inflation shadows the economic recovery from the pandemic. A dollar gauge ticked up from near the lowest level this year.Shares fell in Japan, China and Australia after key U.S. equity benchmarks closed lower and large technology stocks like Amazon.com Inc. and Microsoft Corp. erased gains. AT&T Inc. plunged after the company said it plans to spin off its media operations. S&P 500 and Nasdaq 100 futures were in the red.A slide in crude on the possibility of more supply from Iran hurt energy stocks. Treasury yields were steady. Bitcoin and other cryptocurrencies extended a retreat after China warned digital tokens can’t be used as a form of payment. Markets are closed Wednesday in Hong Kong and South Korea for holidays.Stocks have been volatile after touching a record in early May, whipsawed by concerns about accelerating inflation amid elevated commodity prices, as well as a Covid-19 resurgence in some countries. Federal Reserve officials have repeatedly indicated that they see recent price pressures as transitory and intend to keep policy accommodative for some time to come. Traders are awaiting the latest Fed minutes for the clues about the outlook.“The market has been trying to process a very unusual economic environment and a confluence of factors that it has not faced for a long time,” said David Donabedian, chief investment officer of CIBC Private Wealth Management. “I personally would say that the stock market has absorbed it all extremely well because there’s still a high conviction view on earnings being strong.”In Bank of America Corp.’s latest fund manager survey, inflation topped the list of the biggest tail risks, followed by a bond market taper tantrum and asset bubbles. Covid-19 was in fourth place.Here are some key events this week:The Fed publishes minutes from its April meeting Wednesday, which may provide clues to officials’ views on the recovery and how they define “transitory” when it comes to inflationEIA crude oil inventory report WednesdaySt. Louis Fed President James Bullard and Atlanta Fed President Raphael Bostic to speak at separate events WednesdayIMF Managing Director Kristalina Georgieva and ECB President Christine Lagarde speak at the Vienna Economic Dialogue ThursdayEuro-area finance ministers and central bank chiefs hold an informal meeting. A larger group of EU finance ministers and central bank chiefs will meet May 22These are some of the main moves in markets:StocksS&P 500 futures dipped 0.3% as of 10:48 a.m. in Tokyo. The S&P 500 fell 0.9%Nasdaq 100 futures shed 0.2%. The Nasdaq 100 fell 0.7%Japan’s Topix index retreated 0.7%Australia’s S&P/ASX 200 index fell 1.9%China’s Shanghai Composite index lost 0.5%CurrenciesThe yen was at 109.04 per dollarThe offshore yuan traded at 6.4260 per dollarThe Bloomberg Dollar Spot Index rose 0.1%The euro was at $1.2222BondsThe yield on 10-year Treasuries rose one basis point to 1.65%Australia’s 10-year bond yield held at 1.78%CommoditiesWest Texas Intermediate crude fell 1% to $64.81 a barrelGold was at $1,868.19 an ounceMore stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Five people involved with the Fairy Creek old-growth blockade in a remote region of southwestern Vancouver Island were arrested Tuesday. The arrests are the first as RCMP enforced a court injunction against protesters who have spent nearly nine months blocking logging company Teal-Jones’ access to various stands of old-growth forest in tree farm licence (TFL) 46 near Port Renfrew. Officers read the court order to Rainforest Flying Squad (RSF) protesters at the blockade’s Caycuse Camp on Tuesday morning and provided people the opportunity to leave, RCMP spokesperson Cpl. Chris Manseau said in a statement Tuesday afternoon. “During the course of day, several individuals refused to leave the area, resulting in the arrest of five people for breaching the injunction order,” Manseau said. One person has already been released after being processed at the Lake Cowichan RCMP detachment, and the others are expected to be released by end of day, he added. At least two protesters had chained themselves to a gate before being removed by police, and more arrests are likely to follow, RSF said in a statement Tuesday. The Caycuse Camp is expected to continue being the focus of enforcement since the site falls in the RCMP’s current exclusion zone, said lawyer Noah Ross, a member of the blockade's legal support team. “This is probably just going to be the start of a protracted standoff,” Ross told the National Observer. “I understand that arrests aren’t finished at Caycuse.” It has been difficult to verify what’s happening on the ground at the camp in the remote watershed. It doesn’t have cell reception, and you can only call out via satellite phone, Ross said. “They’ve lost satellite connection since the RCMP moved into the area, and it’s been difficult getting in contact with them,” he added. “So, that may not be the end of arrests for today, and we’re expecting more over the next couple of days.” Ross said he’d heard there were about 60 people at the protest camp. Although not all of them were necessarily protesters planning to violate the court order that bans any interference with Teal-Jones' operations in the TFL, he said. “The RCMP threatened to arrest everyone who was there, whether or not they were violating the injunction,” Ross said. The identities of those arrested, and if they were violating the court order, is still unclear, he added. The RSF legal support team, which involves about a dozen lawyers, is standing for any arrestees to be processed, Ross said. The most likely charges people will face is breaching the injunction, which went into force April 1, he said. Some arrestees may not want to agree to the likely conditions of release — such as staying away from the protest zones — and will need timely legal representation to get them before a judge to try to limit any jail time, Ross said. “There will be lawyers that will represent them, whatever the charges end up being,” he added. Two court applications are underway to overturn the RCMP’s exclusion zone and hope to be heard Friday, Ross said. One will be made by the Canadian Association of Journalists seeking free access to the zone for media, the over hopes to overturn the exclusion zone on the basis of civil rights concerns, he said. The court initiatives were launched after the RCMP prevented media and other observers from gaining access to a police-designated control area blocked by a checkpoint on Monday. Protesters had expressed concerns that observers would not be able to watchdog police as they enforced the injunction in the Caycuse Camp — the only Fairy Creek protest camp currently not accessible in the region. On Tuesday morning, RCMP vehicles escorted a convoy that included approximately 200 protesters, RSF supporter Pacheedaht elder William Jones, and media to the police checkpoint along McClure Forest Service Road, the RFS statement said. The RCMP has updated procedures for media personnel wishing to access the controlled area, Manseau wrote in an email to National Observer on Tuesday afternoon. Journalists can cross the checkpoint after checking in with RCMP communications officers on site and identifying themselves and the outlet they work for, Manseau said. However, media will still be accompanied to a safe, specified area where they won’t interfere with police operations. When no police operations are in effect in the controlled area, media can enter the zone freely after signing in at the roadblock, Manseau added. However, protesters will only be allowed as far as the RCMP checkpoint, he said. The Mounties have not clarified what area falls into their control zone, RSF said. But only access to the Caycuse Camp is currently being restricted, while all other remaining blockade camps, including the Fairy Creek site, are open to movement, the squad said. The RFS wants the province to immediately halt all old-growth logging on Vancouver Island, and keep its promise to abide by the recommendations of B.C.’s Old Growth Strategic Review, spokesperson Kathleen Code said. “We are proud of all our members, who are willing to stand up for the old-growth forests that a majority of British Columbians want protected, in spite of the personal cost to themselves,” Code said. Rochelle Baker / Local Journalism Initiative / Canada's National Observer Rochelle Baker, Local Journalism Initiative Reporter, National Observer
Disney reveals footage of two of its buzziest upcoming projects, Hulu's bio of Pamela Anderson and Tommy Lee and the ABC Black-led reboot of "The Wonder Years."
DUBAI, United Arab Emirates (AP) — A Kenyan who wrote compelling dispatches under a pseudonym about the challenges of living as a low-wage worker in Qatar and advocated for their rights has been detained under unclear circumstances in the energy-rich nation. The arrest of Malcolm Bidali draws renewed attention on the limits of expression in a nation that will host the upcoming 2022 FIFA World Cup. It also highlights the challenge many migrant laborers face when agreeing to the opportunity of steady work in Gulf Arab states, in exchange for long shifts doing menial work in the shadows of skyscrapers they helped build. Supporters say Qatari security forces detained Bidali late on May 4 and have not provided information on where he is. The Qatari government, responding to questions Tuesday from The Associated Press, described Bidali as being “taken into custody and placed under investigation for violating Qatar’s security laws and regulations." The government declined to offer specifics on the arrest, where he was being held, whether he received consular assistance and what potential charges he was facing. Qatar has “ made a lot of steps ... to reform its labor systems,” said James Lynch, a director at the London-based group FairSquare Research and Projects, which advocates for migrant workers in the Middle East. ”Yet when we have a migrant worker speaking out about his experience, sharing his experience and calling for change in a fully peaceful manner, we see them being shut down and disappeared.” Bidali, 28, worked 12-hour days as a security guard. In his spare time, he wrote under the pen name “Noah” about his experiences as a guard, including trying to improve his worker accommodations. His essays offered plaudits for Qatar at times as a “trendsetter in many areas.” However, he didn't hold back in describing the cramped bedrooms some of his compatriots shared — with up to 10 men in a room — or the frustration of being unable to afford the “luxury of privacy” that white-collar Western expatriates and Qataris themselves enjoy. “Why should intimacy, and even family life, be reserved for the privileged nationalities and financially affluent?” he asked in one article. The cause of Bidali's detention remains unclear. Days earlier, he spoke and briefly appeared in a video conference with civil society and trade union groups describing his experiences. Activists say he clicked on a suspicious internet link as well during that time. Gulf Arab states widely use spy software and hacks to monitor possible dissenters, but it's unclear who targeted him. There also was a recent post in which he criticized by name Sheikha Moza bint Nasser, the wife of Qatar's former emir and the head of the Qatar Foundation. Bidali worked as a security guard for GSS Certis at a development under the Qatar Foundation. The foundation did not immediately respond to a request for comment. An employee at GSS Certis who gave his name as Puvan said he didn't know where Bidali was. “We were told that this is still under investigation so have no detail on that,” he said. Security guards in Qatar at two companies also recently held what they described as strikes over pay and labor issues. Only Qatari nationals with the General Union of Workers of Qatar have the right to strike, according to the Washington-based group Freedom House. Foreign laborers and household help "who engage in labor protests risk deportation,” Freedom House said in a recent report. Qatar's government said it intervened in both cases. The Kenyan Embassy in Qatar did not respond to requests for comment. In a letter to Qatari officials human rights groups, including Amnesty International, FairSquare and Human Rights Watch, said they feared Bidali had been held “without access to a lawyer or consular assistance.” “We are extremely concerned for his well-being and safety,” they wrote. Qatar, a small nation on the Arabian Peninsula, is home to the state-funded Al-Jazeera satellite news network. However, expression in the country remains tightly controlled. “While residents enjoy some freedom of private discussion, security forces reportedly monitor personal communications and noncitizens often self-censor to avoid jeopardizing their work and residency status,” Freedom House said. “Social media users can face criminal penalties for posting politically sensitive content.” The New York-based Committee to Protect Journalists later called on Qatar to clarify the charges Bidali faced or immediately release him, noting that Doha has “repeatedly arrested journalists covering labor issues.” “We are alarmed by the detention of blogger Malcolm Bidali without any reason disclosed, especially given Qatari authorities’ record of trying to shut down reporting on labor rights ahead of the country’s hosting of the World Cup next year,” said Justin Shilad, the committee's senior Middle East and North Africa researcher. ___ Follow Jon Gambrell on Twitter at www.twitter.com/jongambrellAP. Jon Gambrell, The Associated Press
Bindi Irwin and Chandler Powell adopted Piggy the dog in 2019 and welcomed daughter Grace Warrior on March 25
Thousands of people rallied in Mississauga on Tuesday evening to show support for Palestinians amid increasing violence in the Middle East, as the conflict between Israel and Hamas in Gaza intensifies. The demonstration, organized by the Palestinian Canadian Community Centre in Mississauga, began in Celebration Square. Later, protesters moved onto Burnhamthorpe Road, where they blocked traffic. There were small fireworks set off on the street. Protesters waved flags and chanted slogans, including "Free, free Palestine" and "Palestine will never die." On Twitter, the Palestinian Canadian Community Centre in Mississauga, known as Palestine House, said the rally was part of a day of action to protest against the "ongoing ethnic cleansing of our people" as civilian casualties mount in Gaza due to Israeli attacks. Meantime, Israel says it is striking Hamas positions in Gaza to stop rocket attacks on its cities and maintains any civilian deaths are unintentional. The pro-Palestinian rally began in Celebration Square.(Yanjun Li/CBC) A lone protester expresses support for Palestinians.(Yanjun Li/CBC) Protesters moved onto Burnhamthorpe Road, where they blocked traffic.(Yanjun Li/CBC)
The Leicester midfielder was filmed throwing the Chelsea pennant across the dressing room in Saturday’s FA Cup celebrations.
CHARLOTTETOWN — Cédric Desruisseaux scored a power-play goal in overtime as the Charlottetown Islanders edged the Victoriaville Tigres 5-4 in Quebec Major Junior Hockey League playoff action Tuesday. Noah Laaouan, Lukas Cormier, Thomas Casey and Brett Budgell also scored for the Islanders in the opening game of the best-of-five semifinal. Egor Serdyuk had two goals, while Benjamin Tardif and Alex Beaucage also scored for the Tigres. Colten Ellis made 27 saves for Charlottetown. Nikolas Hurtubise stopped 23 shots for Victoriaville. Laaouan opened the scoring with a short-handed goal, but the Tigers took a 2-1 lead with a power-play goal from Serdyuk and a short-handed marker from Tardif. A power-play goal from Cormier at 14:01 of the period tied the game, but Serdyuk's second goal 18 seconds later restored Victoriaville's lead. Casey tied the game at 3-3 with the only goal of the second period, and Budgell made it 4-3 Charlottetown with a goal six minutes into the third. Beaucage tied the game with 1:12 left in regulation Desruisseaux scored 4:21 into overtime with Shawn Element in the penalty box for boarding. Game 2 goes Wednesday in Charlottetown. This report by The Canadian Press was first published May 18, 2021. The Canadian Press
Washington Gov. Jay Inslee (D) on Tuesday signed into law a dozen police reform measures, saying they will "work in coordination with one another to create a system of accountability and integrity stronger than anywhere else in the nation." Police chokeholds, neck restraints, and no-knock warrants are now banned in the state, and officers are required to step in if they witness colleagues using excessive force. The bills also restrict the use of tear gas, create an independent office to evaluate the use of deadly force, and make it easier to sue officers who cause injury. Now, Inslee said, Washington has "the best, most comprehensive, most transparent, most effective police accountability laws in the United States." These sweeping reforms come after several high-profile police brutality cases, including the deaths of George Floyd, Breonna Taylor, and Manuel Ellis, a 33-year-old Black man who died while in police custody last year in Tacoma; he was heard on police scanner traffic telling officers after he was handcuffed that he couldn't breathe. More stories from theweek.comThe threat of civil war didn't end with the Trump presidency7 scathingly funny cartoons about Liz Cheney's ousterMcConnell expresses 'surprising' openness to Jan. 6 commission
HARRISBURG, Pa. (AP) — Votes are beginning to be counted Tuesday in Pennsylvania's primary election, featuring nationally watched questions stemming from Republican dissatisfaction over shutdowns ordered by Gov. Tom Wolf during the pandemic and worries over whether federal judges appointed by former President Donald Trump will roll back civil rights protections. Polls closed at 8 p.m. in an odd-year primary election whose turnout is historically under 20%. Republican lawmakers across the country are reeling in emergency powers that governors wielded during the COVID-19 pandemic, and Pennsylvania is in the unique position of being the first to take the question to voters. Two questions seek to limit a governor’s emergency disaster declarations and put more power in the hands of lawmakers. They ask voters to end a declaration after 21 days and to give lawmakers the sole authority to extend it or end it at any time with a simple majority vote. Current law allows a governor to issue an emergency declaration for up to 90 days and extend it without limit. The constitution requires a two-thirds majority vote by lawmakers to end the declaration. Wolf, a Democrat, and his emergency disaster director have called the proposals reckless, political and a threat to a functioning society if it prevents a fast and wide-ranging response to increasingly complicated disasters. Republicans have accused Wolf of fear-mongering and said that the framers of the constitution never intended for a governor to hold so much power to suspend regulations, order mask-wearing and businesses and schools shut down. The Legislature did not hold hearings on the measures, and they may end up in court if voters approve them because their effect is in dispute. Republicans claim the governor cannot order shutdowns without a disaster emergency in effect. Wolf disagrees, saying a governor’s authority during a public health emergency rests on separate public health law and is unaffected by the ballot questions. A third, unrelated question asks voters to decide whether to add a passage to the constitution outlawing discrimination because of someone’s race or ethnicity. It’s believed to be the first time since last summer’s protests over the police killing of George Floyd in Minneapolis that voters will decide a racial equity issue on a statewide ballot. Constitutional law professors say it will have little practical effect because courts already consider such discrimination to violate both the state and federal constitutions. Sen. Vince Hughes, D-Philadelphia, said he originally sponsored the measure in case federal anti-discrimination case law is reversed by the Republican-majority U.S. Supreme Court or federal judges appointed by Trump. If it passes, it would become the constitution’s fourth equality provision, added to “all men are born equally free and independent,” a protection from discrimination in exercising civil rights, and a 1971 amendment that ensures gender equality. Marc Levy, The Associated Press