Author: Press Room

Inflation in Europe has been impacted by higher energy prices and supply shortages. Analysts question how far central banks will go to bring inflation under control.Bloomberg | Bloomberg | Getty ImagesInflation in the euro zone dropped for a second consecutive month in December, but analysts do not expect it to spark a change in tone from the European Central Bank.Headline inflation, which includes food and energy costs, came in at 9.2% year-on-year in December, according to preliminary data Friday from the European statistics agency, Eurostat. It follows November’s headline inflation rate of 10.1%, which represented the first slight contraction in…

CNN  —  Two years after rioters stormed the US Capitol, the Justice Department’s sprawling criminal investigation into the effort to block the peaceful transition of power enters a new phase with the special counsel adding two right-hand prosecutors to an experienced team that will ultimately determine whether former President Donald Trump or his allies should face prosecution. Special counsel Jack Smith has returned to the US after spending the past month working remotely in Europe while recovering from a bicycle accident. He is adding two longtime associates who have specialized in public corruption cases, according to a person familiar with…

PUTRAJAYA: Amid rumours of a move to oust Sabah chief minister Hajiji Noor, Malaysian Prime Minister Anwar Ibrahim has described the political situation in the state as “calm”.  On Friday (Jan 6), Mr Anwar said he was informed that there were some issues involved but did not see any further developments. However, he did not elaborate on what were the issues as well as the political development that were rumoured to have taken place in the Borneo state.  Speaking to reporters after attending Friday prayers in Putrajaya, Mr Anwar only said that the situation in Sabah now looks “calm” and…

European stocks and Wall Street futures wavered on Friday, as investors watching for signals of the future path of interest rates cautiously awaited the release of December’s eurozone inflation figures and a crucial US jobs report.The regional Stoxx Europe 600 traded flat while London’s FTSE 100 gained 0.2 per cent. Contracts tracking Wall Street’s benchmark S&P 500 dipped slightly while those tracking the tech-heavy Nasdaq 100 slipped 0.2 per cent ahead of the New York open.US equities sold off in the previous session after private sector employment in the world’s biggest economy rose by 235,000 in December, ahead of estimates,…

The proposed Indigenous Voice to Parliament will be a huge bureaucracy that does nothing to improve the lives of Aboriginal people, indigenous activist Nyunggai Warren Mundine has argued.Speaking to Sky News Australia, Mr Mundine said the proposed Voice was the same approach to Indigenous affairs that had that has failed multiple times over the past 50 years. And putting it in the Constitution would leave Aboriginals stuck with a lemon when it fails.“This is what the Labor government does every time they get into power, they build up these big bureaucracies and things do not change,” Mr Mundine said.Stream the…

Move comes after Alberto Fernandez clashed with Argentina’s judiciary over ruling allocating more funds to Buenos Aires.Argentina’s President Alberto Fernandez has said he will seek the impeachment of the country’s Supreme Court chief for “repeatedly engaging in conduct” that constitutes “poor performance of his duties”. Fernandez said on Tuesday that he has signed a request for the impeachment of Supreme Court President Horacio Rosatti and several other court members, ramping up his fight with the nation’s highest judicial body. Several provincial governors also signed the request. Fernandez’s statement did not specify what conduct was at issue. But the move comes…

Shell expects to pay a total of nearly $2.4bn in windfall levies in the EU and UK for 2022, meaning it will pay UK tax for the first time since 2017.The oil major said on Friday that it expected to pay an additional $2bn in taxes following changes introduced in the EU and the UK since September to capture some of the windfall profits oil and gas companies have been making from high commodity prices.This $2bn would be on top of $360mn in expected windfall tax charges Shell had already disclosed to investors, bringing the total to nearly $2.4bn.The disclosure,…

CNN  —  The man accused of murdering four University of Idaho students in November had thoroughly cleaned the interior and exterior of his car and was also seen wearing surgical gloves multiple times before being apprehended, a law enforcement source tells CNN. Bryan Kohberger, 28, is currently the sole suspect in the gruesome stabbings of students Kaylee Goncalves, 21; Madison Mogen, 21; Xana Kernodle, 20; and Ethan Chapin, 20, who were found dead inside their off-campus house in Moscow, Idaho, on November 13. Kohberger, who was pursuing a PhD in criminal justice at Washington State University at the time of…

RobotEra is a brand-new cryptocurrency and metaverse project that is building an interactive metaverse universe. In the RobotEra metaverse, users will be able to make, play, and enjoy games and other content without knowing how to code. They will also be able to buy virtual property.However, the goal of RobotEra is to create an open-world planet-building sandbox game. You will evolve into a robot, gather resources from the planet, control your own territory, and make robot pals. In this new age of robotics, players may create anything they want. RobotEra opens theme parks, concerts, and museums while bridging worlds.RobotEra is…

The final data aren’t out yet, but 2022 will almost certainly prove to have been another crappy year for the hedge fund industry as a whole, and a profoundly awful one for a few big players. But not for everyone!(Reuters) — Kenneth Griffin’s Citadel marked record revenues in its hedge fund and electronic-trading businesses for 2022 despite turmoil in global capital markets, a source familiar with the matter said on Thursday.The hedge fund operation made about $28bn in revenue, while Citadel Securities, one of the world’s biggest electronic-trading firms, brought in $7.5bn.Record revenues from the hedge fund unit comes in…