DIRS.INFO The most relevant business & tech news

Its failure to pass a funding bill on time, which is becoming a norm, meant that the government had to function on temporary extensions of last year's funding levels, which Democrats and Republicans alike say poses threats to national security. House Republicans oppose the bill, arguing it is too bloated and was crafted in secrecy among top congressional leaders. The 4,155-page bill was passed on Thursday in the Senate on a bipartisan vote of 68-29. The legislation would provide the Defense Department with a record $858 billion, up from $740 billion last year. It is an investment in the global security and democracy that we handle in the most responsible way," Zelenskiy, told a joint meeting of Congress.

SummarySummary Companies Auditors cite past 'financial irregularities'Utility reports $719 mln net loss for 2022Expects bigger loss this yearEskom says reliant on government supportJOHANNESBURG, Dec 23 (Reuters) - South Africa's Eskom said on Friday that auditors have questioned the utility's ability to survive as a going concern citing past financial irregularities. Auditors Deloitte & Touche LLP in a report said there is “a material uncertainty relating to Eskom’s ability to continue as a going concern,” the utility said in its annual financial report. [1/2] Locals walk past electricity pylons during frequent power outages from South African utility Eskom, caused by its aging coal-fired plants, in Orlando, Soweto, South Africa, September 28, 2022. REUTERS/Siphiwe Sibeko/File Photo 1 2In response, Eskom said it was investigating the incident and was finalising a disciplinary process against an individual. Eskom CEO Andre De Ruyter resigned this month saying a lack of political support had made his position "untenable".

☆ Here are the 5 senators who voted against giving workers break time to pump breast milk
▼ + stars: | 2022-12-23 | by ( Madison Hall | ) www.businessinsider.com time to read: +2 min

Five senators voted against expanding protections for breastfeeding workers. The PUMP Act will now be included in the federal Omnibus bill, which the president is expected to sign. In online statements on Thursday, Merkley and Murkowski celebrated the passage of the PUMP Act. "I am encouraged to see the PUMP Act pass the Senate—good progress toward ensuring no mother ever has to choose between a job and nursing her child," Murkowski said. Merkley and Murkowski initially tried to get the PUMP for Nursing Mothers Act voted on as a standalone bill on Tuesday, but the attempt was blocked by Paul.

Share this -Link copied'It's too much for me': Zelenskyy begins speech by thanking U.S. Zelenskyy began his remarks before a joint meeting of Congress at 7:40 p.m. "I think we share the exact same vision, that of a free, independent and prosperous Ukraine," Biden said. The Ukrainian president added that the soldier told him that "many (of) his brothers, this system saved." President Joe Biden holds a medal presented to him by Ukrainian President Volodymyr Zelenskyy in the Oval Office. Share this -Link copiedPhoto: Zelenskyy shakes hands with Biden as he arrives President Joe Biden welcomes Ukrainian President Volodymyr Zelenskyy to the White House.

Ukrainian President Volodymyr Zelenskyy addressed Congress in a moving Wednesday speech. Zelenskyy's speech came after the Ukrainian president joined Biden for a joint press conference on Wednesday afternoon, during which the latter reaffirmed ongoing support to Ukraine from the US. The Ukrainian president told reporters that he was grateful for US assistance and emphasized that the two countries are fighting for "common victory against this tyranny." President Joe Biden speaks during a news conference with Ukrainian President Volodymyr Zelenskyy in the East Room of the White House in Washington, Wednesday, Dec. 21, 2022. Republican Sen. Rand Paul of Kentucky assailed Senate GOP leaders for agreeing to the latest tranche of Ukraine aid already baked into the year-end spending deal.

President Zelenskyy is an inspiring leader. He's expected to visit the White House before addressing a joint session of Congress at the Capitol. A group of soldiers who helped defend Bakhmut gave him a Ukrainian flag and asked him to get it to Congress — and the Ukrainian president promised to give it to Biden himself. We will pass it on from the boys to the Congress, to the president of the United States. We are grateful for their support, but it is not enough.” Share this -Link copied

☆ Ahead of Zelenskiy address, U.S. Senate backs new ambassador to Russia
▼ + stars: | 2022-12-21 | by ( Patricia Zengerle | ) www.reuters.com time to read: +2 min

WASHINGTON, Dec 21 (Reuters) - The U.S. Senate on Wednesday confirmed Lynne Tracy as President Joe Biden's nominee to be ambassador to Russia, hours before Ukrainian President Volodymyr Zelenskiy was to give a rare wartime address to a joint meeting of Congress. Tracy, a career diplomat and current ambassador to Armenia, will be the first woman to serve as U.S. ambassador to Russia. It was not immediately clear when she will assume the post, because Russia must agree to accept her. Washington has been sending a steady supply of weapons and economic assistance to Zelenskiy's government as Ukraine fights Russian troops. Moscow has an ambassador in Washington, Anatoly Antonov.

☆ Morning Bid: Questions after the storm
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +3 min

A look at the day ahead in European and global markets from Wayne Cole. A day after the Bank of Japan's bombshell and things are looking a little steadier. Most Asian share markets and U.S. stock futures are up, and the Nikkei down only modestly. Analysts assume a formal shift will come after Japan's Spring wage talks and BOJ chief Kuroda's retirement in April. Analysts also suspect the BOJ shift meant the days of Japan desiring, or just accepting, a lower yen were over and the fallout in carry trades has been vicious.

☆ Ahead of Zelenskyy address, U.S. Senate backs new ambassador to Russia
▼ + stars: | 2022-12-21 | by ( ) www.cnbc.com time to read: +2 min

Ambassador to Armenia Lynne Tracy testifies before the Senate Foreign Relations Committee during her confirmation hearing to be the next ambassador to Russia in the Dirksen Senate Office Building on Capitol Hill on November 30, 2022 in Washington, DC. The U.S. Senate on Wednesday confirmed Lynne Tracy as President Joe Biden's nominee to be ambassador to Russia, hours before Ukrainian President Volodymyr Zelenskyy was to give a rare wartime address to a joint meeting of Congress. Tracy, a career diplomat and current ambassador to Armenia, will be the first woman to serve as U.S. ambassador to Russia. It was not immediately clear when she will assume the post, because Russia must agree to accept her. Washington has been sending a steady supply of weapons and economic assistance to Zelenskyy's government as Ukraine fights Russian troops.

The Mark Cuban Cost Plus Drug Company negotiates directly with drugmakers. So far, that's been the strategy for the Mark Cuban Cost Plus Drug Company. In October, Cost Plus Drug Company announced a partnership with Capital Blue Cross. Cuban said he wanted Cost Plus Drug Company to be as transparent as possible on pricing. Cost Plus Drug Company is considering a test program for insulin that would offer a 90-day supply of insulin, or a total of 12 vials, for $170.

☆ Dollar slips vs euro on upbeat German business morale data
▼ + stars: | 2022-12-19 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +3 min

[1/2] Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/IllustrationNEW YORK, Dec 19 (Reuters) - The dollar edged down against the euro as upbeat German business morale data supported the common currency, while a modest improvement in investors' appetite for riskier currencies weighed on the safe-haven dollar. German business morale rose more than expected in December as the outlook for Europe's largest economy improved despite the energy crisis and high inflation, a survey showed on Monday. The euro rose 0.2 % to $ 1.06085 , not far from the six-month high of $1.0737 touched last week. "I think the dollar is generally softer on slightly higher risk-on trading," said John Doyle, vice president of dealing and trading at Monex USA.

☆ North Korea says latest launches tested 1st spy satellite
▼ + stars: | 2022-12-19 | by ( Associated Press | ) www.nbcnews.com time to read: +5 min

The rocket carrying the test satellite was launched Sunday to assess the satellite’s photography and data transmission systems, KCNA said. He said South Korean and U.S. intelligence authorities were analyzing further details of the launches but declined to elaborate. A rocket carrying an experimental satellite is launched from Tongchang-ri, North Korea, in images released Monday. In February and March, North Korea said it conducted tests to check a camera and data transmission systems to be used on a spy satellite. Lee said North Korea may be able to covertly get a more advanced camera that enable it to monitor tanks and the deployment of U.S. strategic assets to South Korea.

☆ North Korea says its new spy satellite hit a major milestone, but it may be 'too crude' to be useful
▼ + stars: | 2022-12-19 | by ( Park Chan-Kyong | South China Morning Post | ) www.businessinsider.com time to read: +6 min

North Korea launched a rocket carrying a test satellite was launched on Sunday. The rocket carrying the test satellite was launched on Sunday to assess its photography and data transmission systems, state media said. North Korea launched Hwasong-17 ICBMs in February and March, claiming they were spy satellite test launches. South Korea, Japan and US authorities on Sunday said they detected a pair of ballistic-missile launches by North Korea from its northwestern Tongchang-ri area, where the North's satellite launch pad is located. North Korean leader Kim Jong Un and his daughter with what North Korean media called a Hwasong-17 ICBM in Pyongyang on November 18.

☆ North Korea's record-setting missile tests are showing off weapons it has tried to keep hidden for decades
▼ + stars: | 2022-12-19 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

In October, North Korea claimed that it had launched an underwater ballistic missile from a lake. In October, North Korea claimed that it had launched an underwater ballistic missile from a lake. A missile launch from a North Korean lake in a photo released on October 10. The entrance to an "intrusion tunnel" under the DMZ between South and North Korea in September 2006. During the Korean War, UN forces used airpower to relentlessly pound North Korean troops, emplacements, and supply lines.

☆ South African rand weakens as ruling ANC picks new leader
▼ + stars: | 2022-12-19 | by ( ) www.reuters.com time to read: +1 min

JOHANNESBURG, Dec 19 (Reuters) - South Africa's rand weakened early on Monday as investors awaited the outcome of voting for the new leader of South Africa's governing African National Congress (ANC). At 0707 GMT the rand traded at 17.6875 against the dollar, 0.43% weaker than its previous close. Voting for the ANC's new leader was almost complete on Monday as the race pitting President Cyril Ramaphosa against former health minister Zweli Mkhize entered the final stretch. "Anything short of that will likely see the USD-ZAR spike, with thin liquidity conditions amplifying the move," ETM said. The government's benchmark 2030 bond was weaker in early deals, with the yield up 11.5 basis points at 10.330%.

☆ ‘Something to Talk About’ songwriter Shirley Eikhard dies
▼ + stars: | 2022-12-17 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

NEW YORK — Shirley Eikhard, the singer-songwriter who supplied songs for Cher, Emmylou Harris, Anne Murray, Chet Atkins and found lasting fame penning Bonnie Raitt‘s Grammy-winning 1991 hit “Something to Talk About,” has died. Eikhard died Thursday at Headwaters Health Care Centre in Orangeville, Ontario, due to complications from cancer, said publicist Eric Alper. The blues-rock smash hit “Something to Talk About” was written in 1985 and Eikhard had offered it to Murray and other artists, who all declined to record it. Then years later Raitt left a message on Eikhard’s phone saying she she’d just recorded it. Raitt said later she’d discovered the song on a demo Eikhard had sent and admired it.

Since the early days of the invasion, Mr. Putin has conceded, privately, that the war has not gone as planned. “I think he is sincerely willing” to compromise with Russia, Mr. Putin said of Mr. Zelensky in 2019. To join in Mr. Putin’s war, he has recruited prisoners, trashed the Russian military and competed with it for weapons. To join in Mr. Putin’s war, he has recruited prisoners, trashed the Russian military and competed with it for weapons. “I think this war is Putin’s grave.” Yevgeny Nuzhin, 55, a Russian prisoner of war held by Ukraine, in October.

☆ What to know about a judicial privacy bill Congress is passing with a major defense package
▼ + stars: | 2022-12-14 | by ( Tierney Sneed | ) edition.cnn.com time to read: +11 min

But the legislation is also rankling court watchdogs who contend the bill could complicate efforts to scrutinize the judicial branch for ethics issues. The bill does not displace the ethical disclosure requirements judges already face, the congressional aide noted to CNN. And it extends the threat-monitoring programs that are being offered to Article III judges to administrative judges as well. Now that the bill has been added to the National Defense Authorization Act, a massive defense package that Congress passes annually, Paul’s options for scuttling it are limited. “Because, if I am sued, someone is going to be bringing it to a federal judge.

☆ Conservative senators hail member-led strategy session as 'good first step' in dealing with mounting frustrations about Mitch McConnell's leadership
▼ + stars: | 2022-12-14 | by ( Warren Rojas | ) www.businessinsider.com time to read: +4 min

A group of Senate Republicans hosted their first member-led policy discussion on Wednesday. Attendees said Senate Minority Leader Mitch McConnell was in the room but didn't participate. "Nothing was fleshed out," Braun told reporters at the US Capitol, adding that "I think it's the beginning, maybe, of a more participatory process." Still, convening more meetings, which Cornyn said this group seemed inclined to do, is preferable to the scorched-earth tactics others have embraced in the past. "I think they're good meetings to have," Rubio told Insider.

☆ Republicans seek to sabotage year-end spending bill
▼ + stars: | 2022-12-12 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

An omnibus spending bill that would avert the closure of the federal government would be one of the last acts of unified Democratic political control of Washington. Democrats, meanwhile, understand that the government spending bill likely represents their last chance to enact Biden’s ambitious domestic plans until the next presidential election. If lawmakers cannot agree on a deal, they will face the possibility of either passing a short-term spending bill to carry the debate into the new Congress or a longer-term continuing resolution that would extend current spending levels. But in a sign of the consuming nature of the spending showdown, Republicans emerged from the meeting complaining that the two secretaries spent time lobbying for an omnibus spending bill over a continuing resolution. He said that Democratic Senate Majority Leader Chuck Schumer had asked Blinken and Austin to explain why the new spending bill was so necessary.

☆ Elon Musk suggests Dr. Fauci should be prosecuted and mocks gender pronouns in controversial tweet — the latest in a series of statements fueling right-wing viewpoints
▼ + stars: | 2022-12-11 | by ( Bethany Biron | ) www.businessinsider.com time to read: +3 min

Elon Musk suggested that Dr. Anthony Fauci should be prosecuted in a tweet posted on Sunday. The tweet is the latest in a series of posts supporting right-wing efforts and conspiracies in recent months. "My pronouns are Prosecute/Fauci," Musk wrote on Sunday in a now-viral tweet that has generated significant backlash. The tweet is the latest of several recent quips from Musk empowering right-wing viewpoints and conspiracies. "I absolutely support trans, but all these pronouns are an esthetic nightmare," Musk wrote at the time.

☆ Senate MAGA mutineers work on new ways to punish Mitch McConnell
▼ + stars: | 2022-12-07 | by ( Warren Rojas | ) www.businessinsider.com time to read: +3 min

Some Senate Republicans recently tried and failed to strip Mitch McConnell of his leadership post. Ted Cruz is among the conservatives determined to "stand up and fight" against business as usual. He called any such compromise "indefensible," and urged others to also dig in their heels so House Republicans have a better negotiating position next year once their narrow majority takes effect. House Minority Leader Kevin McCarthy, who is trying to fend off House conservatives determined to deny him his dream of becoming speaker, has also been pushing to quash any lame duck breakthroughs. "Any Republican that's out there trying to work with them is wrong," McCarthy recently said on Fox News.

☆ Senate MAGA mutineers incensed their red wave never came work on new ways to punish Mitch McConnell
▼ + stars: | 2022-12-07 | by ( Warren Rojas | ) www.businessinsider.com time to read: +3 min

☆ Analysis: Investors look to emerging markets as planets align for end of dollar bull market
▼ + stars: | 2022-12-06 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

NEW YORK, Dec 6 (Reuters) - As the U.S. dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be big winners from a sustained reversal in the greenback. Signs of a broader turn in dollar sentiment are visible in the buck’s 8% decline against a basket of developed market currencies from its September highs. "The planets are lining up for a dollar bear market," said Paresh Upadhyaya, director of fixed income and currency strategy at Amundi US. Emerging market currencies have outperformed their developed market counterparts this year, with MSCI's index of emerging market currencies down 5% year-to-date, while the dollar's G10 peers have lost nearly twice as much. Conversely, tightening by central banks around the world also risks sparking a global recession, a scenario some believe could hurt emerging market currencies and help the dollar.

☆ Senator reveals detailed steps to secure his homes as threats against US lawmakers surge
▼ + stars: | 2022-12-05 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +5 min

Serving in Congress may require living in a fortress as threats of violence against members surge. A letter from Sen. Mike Crapo's lawyers reveals the US Capitol Police recommended multiple security upgrades for his homes. Threats are causing members to consider additional security for themselves and their families, the lawyers wrote. Crapo's lawyers wrote to the FEC because they want to know how to best pay for all of these updates on two homes. Crapo's lawyers wrote, however, that the threat environment since then "has actually worsened."

Search resuls for: "rând"

25 mentions found