A critical source of federal funding to assist Lane County and other areas of Oregon has won approval of the U.S. Senate. Source link
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By Victor Borges, Anthony Boadle and Andre Romani BRASILIA (Reuters) -A man killed himself with a bomb outside Brazil’s Supreme Court after trying to enter the building on Wednesday, officials said, stirring security concerns before the country hosts global leaders from the Group of 20 major economies. The blasts come five days before the G20 heads of state meet in Rio de Janeiro, followed by a state visit to the capital Brasilia by Chinese President Xi Jinping. The first of two explosions went off on Wednesday evening in a parking lot near the court building and a second blast came…
Tensions in the Middle East remain high, with the escalating conflict between Iran and Israel raising alarms about the possibility of a broader regional crisis. Should the situation deteriorate, the potential impact on global crude oil prices could be significant given Iran’s position as a major oil producer.Although crude oil prices have stabilised for now, any sudden surge could disrupt central banks’ plans for rate cuts. Higher inflation driven by increased oil prices may challenge economic recovery efforts and strain emerging markets like India, which depends on imports for 80% of its oil requirements. Such a rise in crude prices…
By Tom Westbrook SINGAPORE (Reuters) – The value of the global cryptocurrency market has topped $3 trillion as the election of Donald Trump as U.S. president spurred bets that friendlier U.S. regulation could usher in a new boom for all corners of the asset class. The sum market value of cryptocurrencies touched a high of nearly $3.2 trillion early on Nov. 14 in Asia, according to analytics and data aggregator CoinGecko. That puts it above the heady days of 2021, when pandemic-era stimulus pumped up speculative investments, and marks a stunning revival from just a few months ago when crypto…
By Trixie Yap (Reuters) -Oil prices slipped in early trade on Thursday, reversing most of the previous session’s gains on a stronger dollar and worries of higher global output amid slow demand growth forecasts. futures fell 45 cents, or 0.6%, to $71.83 a barrel by 0726 GMT. U.S. West Texas Intermediate crude (WTI) futures declined 48 cents, or 0.7%, to $67.95. “The primary driver of oil prices, both in the near term and looking ahead, will be the direction of the U.S. dollar,” said Phillip Nova’s investment analyst Danish Lim, adding that supply and demand dynamics had put pressure on…
Taiwan Semiconductor Manufacturing Co.’s tens of billions of dollars of investments in the US help reduce the archipelago’s trade surplus with its primary security partner, a senior Taiwanese official said, as export-reliant economies brace for US President-elect Donald Trump, who is threatening additional tariffs on imports. Taiwan can further cut its surplus in bilateral trade with the US by buying more energy, agricultural produce and weapons from America, central bank Governor Yang Chin-long told lawmakers on Thursday. He was responding to concerns that the incoming Trump administration could seek to penalize Taipei for its roughly $50 billion trade surplus. Source…
By Timothy Gardner and Vivian Sequera WASHINGTON/CARACAS (Reuters) – President-elect Donald Trump’s pick of U.S. Senator Marco Rubio for secretary of state could signal stricter enforcement of oil sanctions on Iran and Venezuela, but concerns about retaliation by China could temper any efforts, analysts said on Wednesday. Rubio, a longtime member of the Senate Foreign Relations Committee, has long pushed for a tougher U.S. policy on Iran and China. Rubio, whose parents immigrated from Cuba to the U.S., is also a critic of Venezuela’s socialist President Nicolas Maduro, whose two re-elections have been disputed by Washington, leading to oil sanctions…
TAIPEI (Reuters) – Taiwan’s Foxconn (SS:), the world’s largest contract electronics maker, reported on Thursday a better-than-expected 14% rise in quarterly profit underpinned by robust demand for artificial intelligence servers. Last month, the company said third-quarter revenue jumped 20% from a year earlier, beating expectations to post its highest-ever revenue for that quarter on strong sales of AI servers. Net profit for July-September for Apple (NASDAQ:)’s top iPhone assembler came in at T$49.3 billion ($1.5 billion), according to Reuters calculations. That marked a fifth consecutive quarter of profit growth and compared with a T$46.3 billion LSEG consensus estimate of 14…
Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldUkraine’s sovereign bonds have surged in price as investors bet that the incoming US administration will push for a quick end to the war with Russia.The dollar-denominated bonds have risen 12 per cent in the past month, in expectation that the re-election of Donald Trump will lead to a ceasefire and boost Ukraine’s capacity to repay creditors.The jump in the price of Ukrainian bonds, which one investor in the country called “the unlikeliest Trump trade ever”, comes as bets relating…
The report also shows that: The 19% of the total EU policy target for domestic renewable hydrogen production needed for green steel is equal to 1.7 million tonnes per annum (MPTA) by 2030 increasing to 1.9 MPTA by 2045. Renewable electricity demand for green iron and steel projects is likely to reach up to 135 terawatt hours per year – equivalent to the annual electricity consumption of a country the size of Sweden. A lack of transparency in company plans means the true figures could be even higher. The recycling of scrap combined with imports of hot briquetted iron…