Author: Press Room

CNN  —  President Joe Biden will embark Thursday on the next leg of his post-State of the Union tour with a visit to the former swing state of Florida, home to an emerging Republican foil and two potential GOP challengers in a 2024 campaign. The president is expected to drive home his pledge to protect Social Security and Medicare while in the Sunshine State, seeking to draw a sharp contrast with Florida GOP Sen. Rick Scott, the architect of a plan that would sunset all federal legislation – including Social Security and Medicare – every five years and require Congress…

London CNN  —  Credit Suisse (CS) has reported its biggest annual loss since the financial crisis in 2008, highlighting the scale of the challenge facing the scandal-plagued Swiss bank as it attempts a turnaround. The lender on Thursday posted a loss of 1.4 billion Swiss francs ($1.5 billion) in the fourth quarter of 2022, extending a losing streak that started in 2021 and taking its full-year loss to 7.3 billion Swiss francs ($7.9 billion). In 2008, Credit Suisse made a loss of 8.2 billion Swiss francs ($8.9 billion). The bank’s shares fell 5% in early trade. The stock has plunged…

An ambulance technician was sacked after restraining an allegedly aggressive patient he claims tried to punch him. Joe Hemming held the drunken man’s arm behind his back while still inside the emergency vehicle after arriving at A&E. The dad-of-three was suspended and then had his employment terminated which led to him being kicked out of his home just before Christmas. The 36-year-old went on to win a tribunal decision against his sacking – however, this is now being appealed by East Midlands Ambulance Service (EMAS). The service claims it was not informed proceedings had opened, resulting in it missing the…

Court documents have revealed the eye-watering costs behind the ongoing FTX bankruptcy saga. So far, FTX’s advisors for bankruptcy, legal, and financial matters have charged the company over $19.6 million for services rendered in the year 2022.The grandeur of this legal circus cannot be understated. On the defense team, there are 151 staff members. This includes attorneys, accountants, and strategic advisors.Work in the immediate aftermath of the seismic FTX implosion saw $10m billed at the end of November.Sullivan & Cromwell formed the biggest share of the ongoing legal tab. Charging a whopping $6.28m for their 6,500 hours of work between…

KUALA LUMPUR: Rasha Rashed Salo flashes a huge smile every now and then at her students during Arabic lessons at a primary school for refugee children in the suburbs of Kuala Lumpur. Deep down, however, the 37-year-old Syrian refugee is only trying to put on a brave face as she worries for family members who were caught in a deadly earthquake that ravaged parts of northern Syria and southern Türkiye. “Already, people were without food before this. Now they have lost their homes and everything else,” the volunteer teacher told CNA on Thursday (Sep 9).  Mdm Rasha, who has been…

He said a number of mobile homes had been overturned, with a toddler and infant rescued from one mobile home that had rolled over. Both children appeared to be uninjured but were taken to a hospital with their mother as a precaution, Miller said. He said around 10 to 15 structures had been damaged, with videos showing damaged buildings and downed trees and power lines.At one gas station, the Big Boss Gas Station in Tangipahoa, workers and customers had to hide in a cooler after hearing tornado warnings on their phones, he said.  Hours after its initial warning, the National…

A Democratic lawmaker in Arkansas rallied to defend newly-elected Gov. Sarah Huckabee Sanders amid criticism from California Gov. Gavin Newsom. Taking to Twitter, Newsom attempted to criticize Sanders for verbally being anti-crime while governing a state that “has one of the highest murder rates.” “While @SarahHuckabee touts public safety, here is what she skips over: Arkansas has one of the highest murder rates in the nation,” the California governor tweeted.In a swift response, Arkansas state representative Andrew Collins countered: “1. She’s been Governor a month. 2. There are drivers of crime like poverty, lack of education, and lack of opportunity, that Arkansas…

Five for fighting! A Tampa Bay Lightning fan, in the final minutes of his team’s embarrassing 7-1 loss to Florida on Monday, took matters into his own hands when he picked a fight with a Panthers mascot. A viral video from the game captured an unidentified Lightning fan attacking Viktor E. Ratt, which has caused the Panthers to launch an investigation into the incident. In the video, a man in a blue t-shirt grabbed and pulled Viktor E. Ratt’s jersey over its head after the mascot launched the fan’s jersey into the crowd. The fan then proceeds to shove his…

China continued to insist the balloon shot down off the South Carolina coast on Saturday was a “civilian meteorological airship” during a daily briefing on Thursday, accusing the U.S. of “information warfare.”Chinese Foreign Ministry spokesperson Mao Ning repeated the country’s claim that the large unmanned balloon accidentally blew off course and the U.S. government overreacted by shooting it down, according to the Associated Press.”It is irresponsible,” Mao said at the briefing. “The latest accusations may be part of the U.S. side’s information warfare against China.”U.S. officials have repeatedly dismissed China’s claims, and agents from the FBI and Naval Criminal Investigative…

Over a six-week period, as part of the ‘Out of Pocket’ series, Global News is examining how inflation is impacting Canadians from coast to coast.Canadians are feeling the pressure at the checkout lane as grocery prices continue to sharply rise – especially lower-income individuals, whose pocketbooks and diets are noticing impacts the most.Food inflation is hitting some of the most nourishing foods the hardest, which makes them harder to access by people who are on lower incomes.“Those who are in the lowest income, on a fixed income, are feeling food inflation the most, and that’s because they have not seen their…