Author: Press Room

European stocks hit highest level since April 2022European stocks hit their highest level since April 2022 Thursday morning, with all sectors in positive territory.The Stoxx 600 index was trading around 450.19 at 9:50 a.m. London time. Travel and leisure stocks led the gains, up 1.4%. The autos, banks, retail and telecoms sectors were also trading over 1% higher. Stocks on the move: Ubisoft down 21%, Logica down 14%, Centrica up 5%Shares of French video game publisher Ubisoft plunged more than 21% in early trade after the company cut its revenue guidance, postponed the release of its new game “Skull &…

Heavy snow and low temperatures could arrive in the UK within days, forecasters say, after a week of flooding and heavy rain has caused disruption in several parts of the countryVideo LoadingVideo UnavailableThe video will auto-play soon8CancelPlay nowThe UK is set to be hit by more rain on Thursday while parts of the country will be see “hours” of heavy snow in the days ahead, forecasters have warned. The Met Office has issued a yellow weather warning for rain from 9pm on Wednesday until 5pm on Thursday across much of South West England and Wales, and Herefordshire and Shropshire. Higher…

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Legendary American broadcaster Rush Hudson Limbaugh III was born in Cape Girardeau, Missouri to a prominent local family on this day in history, Jan. 12, 1951.”He was born to be a radio broadcaster,” Limbaugh’s younger brother, David Limbaugh, told Fox News Digital. “Our father instilled in us a love for America, its founding institutions, its cultural values and its freedom tradition,” he also said.ON THIS DAY IN HISTORY, JAN. 11, 1935, AMELIA EARHART IS FIRST AVIATOR TO FLY SOLO HAWAII TO CALIFORNIALimbaugh’s profound political commentary was inspired by the classical thinkers and Founding Fathers whose philosophies forged the creation of the…

New York CNN  —  On paper, Cesar Conde is the chair of NBCUniversal News Group. But on Wednesday he also appointed himself as the effective president of NBC News. After Noah Oppenheim — who has led the network during a tumultuous period in the media industry and through Donald Trump’s chaotic presidency — told staff that he would vacate the role of NBC News president in favor of returning to screenwriting, Conde disclosed his succession plan. But the NBCU News Group boss notably declined to select a single successor to oversee the sizable portfolio of Oppenheim. Instead, Conde moved to…

CNN  —  President Joe Biden’s embarrassment over classified documents found in his former offices is spiraling into a major political crisis that threatens to undermine the case for Donald Trump to be charged for his own hoarding of secret material. The revelation that another set of secret documents dating from Biden’s time as vice president were found at a second location immediately fueled Republican claims that the ex-president is being treated unfairly as he is investigated by a special counsel over classified information found at Mar-a-Lago. While Trump’s retention of hundreds of documents and attempts to thwart their transfer to…

Tidal Financial Group, the white-label ETF issuer, plans to guide a separately managed account through the complex process of converting to an actively managed transparent ETF, a regulatory filing shows.Tidal on Wednesday registered the Days Absolute Return ETF, which will be launched by converting an SMA that has been offered since November 2018, the filing states.Tidal is the umbrella brand for several affiliated firms, including Toroso Investments, which will serve as the forthcoming ETF’s investment adviser, the filing notes. A newly formed adviser, Days Global Advisors, will subadvise the ETF.Mutual fund-to-ETF conversions have garnered a lot of attention since Guinness…

The collapse of Bahamas-based crypto exchange FTX has sparked fresh debate in Europe about whether the bloc’s digital asset regulations are up to the job of protecting the public against similar calamities. FTX’s spectacular implosion in November further destabilised a market that had already been left reeling after an unprecedented collapse in the summer. Several once-prominent firms went bankrupt after a 70 per cent drop in crypto token prices, injecting urgency into global policymakers’ efforts to tame an industry widely described as the “wild west” of finance.Although FTX was based in the Bahamas, the reverberations of its collapse is shaping…

André de Ruyter, the head of South Africa’s power monopoly, illustrated the high level of criminal theft in the country’s energy supply by explaining how organised gangs would swap out truckloads of coal for delivery and replace them with low-grade rocks.An apparent attempt last month to assassinate de Ruyter, the head of Eskom, whose drink was allegedly spiked with cyanide, brought home the huge challenges he has faced in rooting out such corruption.“There are jammers operating that caused this truck to literally disappear off the radar,” he told the Financial Times in October. “Good-quality coal gets offloaded, discarded coal gets…

There are many parallels between the January 6 attack on the US Capitol in 2021 and the January 8 insurrection in Brasília two years later — not least, that investors appeared happy to initially shrug them both off. Look at a chart of the S&P 500 equity index in January 2020, and the storming of the seat of the US Congress is barely detectable. Brazilian stocks rose on January 9, the first trading day after Sunday’s riot. Such insouciance may turn out to be misplaced. Investors would be right to wonder what lasting effects might play out in Brazil.It is…