Amy Sohn in AlbanyALBANY – While Mayor Adams focuses on his e-bike speed limit to tame the supposedly “Wild West” streets of the city, the state Senate passed a bill, which is expected to also pass the Assembly next week, requiring food delivery apps to provide insurance for delivery workers.Senate Finance Chair Liz Krueger (D–Manhattan) said her bill, S1162, fills a key missing piece in the current street safety debate: getting app companies like Uber Eats and Cuomo-supporting DoorDash to deal with any damage caused by their speed-focused logarithm.The bill would require apps to provide delivery workers with insurance that…
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The Japanese Yen remains on the back foot after the BoJ decided to leave interest rates unchanged. A modest USD uptick further acts as a tailwind for the USD/JPY pair through the Asian session.Traders now look forward to BoJ Governor Kazuo Ueda’s remarks for some meaningful impetus. The Japanese Yen (JPY) sticks to the intraday negative bias and moves little in reaction to the Bank of Japan (BoJ) policy decision to keep the short-term interest rate target at 0.50%. Traders, however, seem reluctant to place aggressive directional bets and opt to wait for more cues about the BoJ’s policy outlook.…
In response to the rejection of low-credit survey lenders by the Korea Institute of Finance, up to 790 billion won was used as illegal private finance, one in 10 low-credit young people “knock” 사진 확대 AI’s image of a young man using illegal private finance It was analyzed that up to 61,000 people were driven to the illegal private financial market last year due to weak sales of lenders. As employment became more difficult, the use of illegal private finance by young people was also increasing. Some advise that measures are needed, such as introducing a flexible maximum interest rate…
Frank Eckard, CEO of a German magnet maker, has been fielding a flood of calls in recent weeks. Exasperated automakers and parts suppliers have been desperate to find alternative sources of magnets, which are in short supply due to Chinese export curbs. Source link
WASHINGTON (AP) — President Donald Trump announced Wednesday that China will make it easier for American industry to obtain much-needed needed magnets and rare earth minerals, clearing the way for talks to continue between the world’s two biggest economies. In return, Trump said, the U.S. will stop efforts to revoke the visas of Chinese nationals on U.S. college campuses. Trump’s comment on social media came after two days of high-level U.S.-China trade talks in London. Details remain scarce. Trump didn’t fully spell out what concessions the U.S. made. Beijing has not confirmed what the negotiators agreed to, and Chinese President…
Earnings results often indicate what direction a company will take in the months ahead. With Q1 behind us, let’s have a look at First Bancorp (NASDAQ:FBNC) and its peers. Regional banks, financial institutions operating within specific geographic areas, serve as intermediaries between local depositors and borrowers. They benefit from rising interest rates that improve net interest margins (the difference between loan yields and deposit costs), digital transformation reducing operational expenses, and local economic growth driving loan demand. However, these banks face headwinds from fintech competition, deposit outflows to higher-yielding alternatives, credit deterioration (increasing loan defaults) during economic slowdowns, and regulatory…
The Bank of Japan is set to keep interest rates steady at 0.5% on Tuesday.The focus will be on the BoJ’s JGB purchases tapering plan as well as any hints on the timing of the next rate hike.The BoJ policy announcements are expected to significantly impact the Japanese Yen.The Bank of Japan (BoJ) is widely expected to leave the short-term interest rate unadjusted at 0.5% after the two-day June monetary policy review ends on Tuesday.In the absence of quarterly economic projections, all eyes will be on the BoJ’s plans on tapering its Japanese government bond (JGB) purchases and hints on…
Rare earths are among the most critical raw materials on the planet, deeply embedded in the technologies that underpin modern life. Yet few people have heard of them or know what they do. Source link
Friday, 6 September 2024 There is an increasing willingness to consider investing in new nuclear projects – but issues remain around the lengthy investment timelines and perceived regulatory risks, a panel at World Nuclear Symposium heard. The panel Capitalising on Interest – Mobilising finance to accelerate deployment, heard from Vicki Kalb, Global Head of ESG and Sustainability Research at UBS, that until recently “we would not have been able to have a conversation with investors about nuclear … literally we would have been laughed out of the room and that was particularly true of the ESG investor community. But that radically changed a…
An internal investigation has uncovered a rather inconvenient truth – that Logan City isn’t as ‘carbon neutral’ as we once thought. When a local councillor was tasked with finding the bang-for-buck of international carbon credits, which have cost ratepayers millions of dollars over the last three years, he came up empty handed. It seems not one tree was planted, nor one item of landfill removed from our oceans. “The money we’ve spent overseas on carbon neutrality doesn’t do anything to enhance our natural areas or improve the quality of life for people in Logan. Worse still, we couldn’t confirm how…