The chairwoman of the House Energy & Commerce Committee opened a hearing featuring the CEO of TikTok by telling him that “your platform should be banned.” Rep. Cathy McMorris Rodgers (R-WA) said that “banning your platform will address the immediate…
Read MoreUnited Airlines, Archer To Launch First Air Taxi Route In Chicago
United Airlines and Archer Aviation Inc. announced plans to launch the first commercial electric air taxi route in Chicago, between O’Hare International Airport or ORD and Vertiport Chicago. As part of their urban air mobility or UAM network buildout, both…
Read MoreECB Raises Rates By 50 Bps On High Inflation
The European Central Bank hiked interest rates by 50 basis points on Thursday, in line with its guidance in February, as it expects inflation to remain high for too long. The bank also said policymakers were closely monitoring the financial…
Read MoreNHL’s Chicago Blackhawks Balk At Wearing “Pride” Jerseys, Citing Russian Law Fears
The Chicago Blackhawks organization has decided that the team will not wear “Pride” warmup jerseys before Sunday’s “Pride Night” home game against the Vancouver Canucks. The Associated Press reported that the NHL team cited security fears for its several Russian players….
Read MoreFed Raises Interest Rates, Possibly For Last Time, Amid Probe Of SVB; Rate Hikes “Were Well Telegraphed And Many Banks Managed To Deal With Them,” Jerome Powell Says
The U.S. Federal Reserve raised interest rates today for the ninth time since last year by an expected 25 basis points, or 0.25%. But Fed chief Jerome Powell indicated slow to no more rate hikes in this latest cycle as…
Read MoreAsian Markets Track Global Markets Lower
Asian stock markets are trading mostly lower on Thursday, following the negative cues from global markets overnight, following a fresh sell-off in the banking sector amid concerns about the debt woes of Swiss lender Credit Suisse, and the collapse of…
Read MoreHigh Inflation Remains ECB's Main Worry
Two key policymakers of the European Central Bank warned on risks posed by high inflation and signaled that they are not done with raising interest rates despite the latest banking crisis that has put the aggressiveness of central banks in…
Read MoreIMF Agrees To Support Ukraine With $15.6 Bln Funding
The International Monetary Fund has reached an agreement with Ukraine to provide a loan worth $15.6 billion to support the war-torn country in its economic recovery, post-war reconstruction and path to EU accession. The staff-level agreement was reached after a…
Read MoreUTA, Partner Klutch Sports Open Atlanta Office
UTA and partner company Klutch Sports Group announced the opening of their Atlanta office today, setting up a full-service base of operations in the city for artists, athletes, musicians and brands with strong ties to the region. It’s located at…
Read MoreFactors that will sustain Abbott outperformance
Abbott India outperformed the Indian pharmaceutical market (IPM) with a year-on-year (YoY) growth of 23 per cent in February. The domestic market grew at a robust 20 per cent on a low base, primarily led by volume growth and price…
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