Author: Press Room

Emerging market and Europe-focused equity exchange traded funds both enjoyed their highest monthly net inflows for a year in January even as US equity ETFs suffered their first outflow since April 2022.The flows, recorded in data from BlackRock, reflect a tentative reversal in global stock market leadership. They show Wall Street — long the pre-eminent driver of worldwide equity returns — handing over the baton as fears of a European recession recede and a weaker dollar allows emerging markets their time in the sun.Since the start of October, the Euro Stoxx 600 index has risen 19.1 per cent and the…

The writer is vice-chair at Oliver Wyman and was senior adviser to Mark Carney during his stint as governor of the Bank of England“There are no more than five people in the world who understand money,” the investor Hugh Hendry once quipped. After the Bank of England and UK Treasury fired the starting gun this week for a British central bank digital currency, let us hope some of them are available to provide input.The nub of the issue is how a central bank digital currency can coexist with our financial system and add to it without damage. At stake is not…

SCOTTSDALE, Ariz. — A marriage of madness is taking place in the Arizona desert this week. Thirty-four miles separate the largest social spectacle on the PGA Tour schedule from the largest one-day sporting spectacle on the planet with the Waste Management Open beginning with its opening round Thursday at TPC Scottsdale and Super Bowl 2023 on Sunday at State Farm Stadium. The Waste Management is already known as one of the biggest cocktail parties in sports. Add to that the Super Bowl crowds and the bash at TPC Scottsdale will be off the rails. The Post spoke to more than…

The Russian Embassy in London issued a statement saying there would be ‘military and political ramifications for the European continent and the entire globe’ if the UK provides warplaneVladimir Putin has issued a chilling warning to the UK over its prospective plans to provide Ukraine with fighter jets to defend its country from Russian invaders. Ukrainian president Volodomyr Zelensky reiterated his request for the airpower in a speech to the UK parliament on Wednesday. But the Russian Embassy in London was quick to respond, issuing a statement warning the British government that a decision to provide the warplanes would be…

When Steve Cohen bought the Mets in November 2020, he made his expectations clear. “One team wins the World Series every year, so that’s a pretty high bar,” Cohen said during his introductory press conference. “But if I don’t win a World Series in the next three to five years — I would like to make it sooner — then obviously I would consider that slightly disappointing. … I’m not in this to be mediocre. I want something great.” Cohen is now entering his third year as the team’s owner and the Mets have made significant progress throughout the organization,…

At least one person is dead and several others were injured after a car crashed into a building in Baltimore, Maryland, Wednesday night, resulting in a partial collapse of the structure, authorities said.The Baltimore Police Department said a pedestrian was transported to Johns Hopkins Hospital in critical condition after a car crashed into a house on East North Avenue and North Wolfe Street, Fox Baltimore reported.Videos taken at the scene show more than 40 firefighters, emergency personnel and at least four firetrucks assisting to clear bricks and debris from the building.At least two people are believed to be buried under…

A couple’s unborn baby was diagnosed with deadly condition but Ohio’s laws made abortion nearly impossible An Ohio couple learned that their unborn baby was diagnosed with a deadly condition that could also endanger the mother’s life, but Ohio’s strict laws surrounding abortion left the couple desperate for help as they crossed state lines to have an abortion. Source: CNN

Housing Minister Julie Collins says the government introduced a $10 billion Housing Australia Future Fund into parliament today.“Our solutions are long-term, will provide certainty and stability for future projects, with the fund there in perpetuity and the returns being invested in social and affordable housing,” she said during parliamentary Question Time on Thursday. Source: Sky News

KUALA LUMPUR: Prior investigations by authorities on the procurement of COVID-19 vaccines found that all purchases were approved by the required government bodies, said former Malaysian health minister Khairy Jamaluddin on Wednesday (Feb 8).  Mr Khairy said this in response to claims by Prime Minister Anwar Ibrahim of irregularities in the procurement process of vaccines during the COVID-19 pandemic.  In an interview with news portal The Star, Mr Khairy said that investigations by the Public Accounts Committee (PAC) which was conducted in 2021 found that the procurement of vaccines was “proper”.  “This was confirmed by the PAC, which investigated the…

Warnings for ice and snow have been handed down by the Met Office for today, while some forecasters now believe an ‘extensive’ spell of cold wintry weather is only days awayVideo LoadingVideo UnavailableThe video will auto-play soon8CancelPlay now Weather alerts are in place over the next 24 hours for ice and snow – with long-range forecasts suggesting more wintry weather is on the way. The Met Office says “difficult travel conditions” could be seen in the north of Scotland on Thursday, which is covered by yellow weather warnings until 9am in the morning. Members of the public have been advised…