Author: News Room

Florida Gov. Ron DeSantis has signed a bill that would ban most abortions in the state after six weeks, according to a release from the governor’s office late Thursday night. The six-week ban would not go into effect until the state Supreme Court overturns its previous precedent on abortion. “We are proud to support life and family in the state of Florida,” DeSantis said in the release. The law would make Florida one of the most restrictive states in the country to obtain an abortion and follows moves by other Republican-led states to swiftly to curb the procedure since the…

Germany’s foreign minister has warned China not to use military force against Taiwan, striking a different tone from French president Emmanuel Macron who has come under fire for saying Europe should distance itself from the issue.Annalena Baerbock said after a meeting in Beijing with China’s foreign minister Qin Gang on Friday that conflicts must be solved peacefully and that Berlin was monitoring the situation in Taiwan with concern. “Conflicts can only be solved peacefully,” she said. “A unilateral, to say nothing of a violent, change of the status quo would be unacceptable to us as Europeans,” she said. Baerbock’s tougher…

This article explores the economic outlook and its implications for iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) in light of the recent collapse of Silicon Valley Bank (OTC:SIVBQ), which has triggered a regional banking crisis and affected various financial markets. The HYG market is particularly vulnerable due to the drastic decline in lending activities and increasing default risks. Despite the challenges, strong job growth, a slowdown in inflation, and potential interest rate adjustments may provide opportunities for investors. This article will examine the risk factors, historical responses of HYG to economic downturns, and technical evaluation to provide a…

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Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.Singapore, Singapore, April 14th, 2023, ChainwireHashKey Group, a leading digital asset financial services provider in Asia, is pleased to announce the upgrade of its Over-the-Counter (“OTC”) trading business, as well as the launch of a new wealth management business line, HashKey Wealth.Since its inception, HashKey Group has always been committed to provide its compliant and secured wealth management services to professional investors and financial institutions. The HashKey Group aims to offer a one-stop digital asset management solution that covers…

Company X introduces marketing campaign that touches on Y, a cultural issue some people oppose. Group Z lashes out on social media. Rinse. Repeat. It happens again and again: Nike and social-justice advocate Colin Kaepernick. M&M’s and female “spokescandies.” And last week, Bud Light and its parent company Anheuser Busch were targeted by singer Kid Rock and others after partnering with Dylan Mulvaney, a transgender woman and influencer, in its marketing. The phrase “get woke go broke,” employed by some conservatives on social media, suggests that brands which employ inclusive campaigns are angering a significant enough portion of consumers to…

At its peak, China’s Belt and Road Initiative was seen as the centerpiece of Beijing’s engagement with the world.Now, a decade after its rollout, observers say the ambitious strategy to build infrastructure trade links across Eurasia and beyond is losing steam, with some questioning the ongoing viability of Beijing’s mega-project.”Beijing went on a lending spree and issued thousands of loans worth nearly a trillion [dollars] for big-ticket infrastructure projects spread across 150 countries” over the decade, said Bradley Parks, executive director of AidData, a research group at the College of William and Mary in Virginia.”Now, many borrowers are having difficulty…

(Reuters) -Annual inflation in Russia dropped below the central bank’s 4% target in March for the first time in a year, as the base effect of last year’s double-digit price rises takes hold, data from the state statistics service Rosstat showed on Wednesday. Inflation soared to almost 20% soon after Russia sent tens of thousands of troops into Ukraine last year. The central bank has said inflation remains an area of concern, though it expects it to move back above the target later this year, likely ending 2023 in the 5%-7% range. In March, annual inflation stood at 3.51% year-on-year,…

By Ambar Warrick Investing.com — Most Asian currencies rose sharply on Friday, while the dollar sank to near one-year lows as soft inflation data spurred increased bets that a pause in the Federal Reserve’s rate hike cycle was imminent. The was among the best performers for the day, up 0.5% as a surprise rebound in spurred a stronger daily midpoint fix by the People’s Bank. PBOC Governor Yi Gang also reiterated the government’s 5% GDP target for 2023. While Chinese economic data has painted a somewhat middling picture of an economic recovery, a sustained improvement in exports could feed a…

By Andrew Hayley and Trixie Yap (Reuters) -Oil prices rose on Friday on worries over tightening supply, with the market looking ahead to the International Energy Agency’s (IEA) monthly report later in the day to clarify the global demand outlook. futures climbed 36 cents, or 0.42%, to $86.45 per barrel by 0600 GMT. West Texas Intermediate crude futures (WTI) rose 43 cents, or 0.52%, to $82.59 a barrel. Both benchmarks fell more than 1% in the previous session. “Russian exports are showing signs of weakening as production is reported to have been curtailed by 700,000 barrels per day (bpd),” said…