Author: Press Room

Source: YouTube

London CNN  —  For those watching from outside the UK, it might seem bizarre that Boris Johnson is being tipped to return as prime minister, just months after he was forced to resign in disgrace following a string of scandals. That, however, is the main talking point in Westminster following Liz Truss’s announcement that she would resign after just 45 days in office. Allies of Johnson believe that he is the only person who can unite the governing Conservative party and prevent an electoral wipeout that could put the party in opposition for a generation. It’s correct to say that…

Source: YouTube

EU leaders hailed a fall in gas prices hours after they endorsed plans for a price cap on the fuel, breaking months of deadlock over how to tackle Europe’s energy crisis.The main European benchmark index dropped 6 per cent in early trading to €116 per megawatt hour, though it held above a four-month low hit earlier this week. Leaders at a Brussels summit agreed to pursue work on the cap in an effort to reduce high energy costs that have fuelled inflation and threaten a recession.“Markets have reacted, bringing prices down,” said Estonia’s prime minister Kaja Kallas. “If the prices…

Check out the companies making headlines before the bell:American Express (AXP) – The financial services company reported a quarterly profit of $2.47 per share, 6 cents above estimates, with revenue also topping Wall Street forecasts. American Express also raised its full-year forecast, amid a surge in customer spending, and increased the amount in reserve for potential defaults. The stock fell 4.7% in the premarket.Verizon (VZ) – Verizon earned an adjusted $1.32 for the third quarter, beating the consensus estimate by 3 cents, with revenue also better than expected. Verizon also reported a smaller number of postpaid net phone adds than…

Pere Aragonès was in Brussels this week to meet with EU commissioners, a first for a member of the Catalan government in several years. The relations between Catalonia and the European Commission deteriorated as the Catalan government fought for independence. “We had come from a time of a certain freeze (in relations), I think also as a result of the attitude, also on the part of the Spanish government,” Aragonès told Euronews. “In any case, we have worked from the outset to generate spaces of trust with the EU institutions to be able to show that Catalonia is here to participate…

JAKARTA: Indonesia’s health minister said on Friday (Oct 21) that the number of children who had died from acute kidney injury (AKI) rose to 133 from the previously reported 99. The deaths were among a total of 241 cases in 22 provinces, Budi Gunadi Sadikin said, adding that most patients were children under the age of five. Budi on Thursday said some medicinal syrups available in Indonesia contained ethylene glycol and diethylene glycol, ingredients that have been linked to fatal AKI in children. Indonesia has temporarily banned sales and prescription of all syrup-based medications and formed an expert team comprised…

London CNN  —  Liz Truss quit her post as Britain’s prime minister just 45 days into the job, but she will be able to claim expenses of up to £115,000 ($129,000) a year for the rest of her life. Truss, who presided over failed fiscal plans and a deeply polarized ruling party during her disastrous six-week term in office, is set to become the shortest-serving prime minister in British history after announcing her resignation on Thursday. Her speech triggered a leadership race that will see the appointment of the UK’s fifth Conservative prime minister in just over six years. Despite…

Rupak Ghose is the chief operating officer of Galytix, former head of corporate strategy at ICAP/NEX and a former financials research analyst at Credit Suisse.My first exposure to the world of exchanges was watching Eddie Murphy and Dan Aykroyd corner the frozen orange juice futures market on the floor of the New York Board of Trade. Much has changed since then. Despite the death of trading pits, at almost every turn the financial market infrastructure sector of exchanges and data providers has thrived. It was an industry golden era. Until now. Relative valuation multiples have gradually contracted since the financial crisis, and…

La La Land Kind Café is a coffee shop that has locations in and around Dallas, Texas, and Los Angeles, California.It proudly makes delicious handcrafted beverages — but the café has a much bigger purpose for its business as well. The café has a very simple motto: Normalize kindness.COFFEE QUIZ! HOW MUCH DO YOU KNOW ABOUT THIS CAN’T-LIVE-WITHOUT-IT DRINK?”We believe that success is measured [by] the positive impact we make in society, not just how much money we make,” according to the café’s website. So how exactly is the company doing that?  It’s spreading kindness to its customers in its shops and…