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Fed’s Barr Sees Stability Risk in Private Crypto Stablecoins
The Federal Reserve’s top bank watchdog said crypto stablecoins could amount to private money that might be destabilizing
1970-01-01 08:00
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Irishman Alan Fisher unseats Nigerian Hilda Baci as cooking marathon record holder
Irish chef Alan Fisher cooked for more than five days to clinch the cooking marathon world record from Hilda Baci.
1970-01-01 08:00
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Texas Billionaire Sees Real Estate Bargains as ‘Debt Wall’ Looms
Texas billionaire and real estate investor John Goff predicted that a number of appealing properties will hit the
1970-01-01 08:00
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Traders Move Coffee Around to Hide Aging Beans for the Last Time
Stockpiles of premium coffee beans on the world’s biggest arabica exchange have plummeted to their lowest levels since
1970-01-01 08:00
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Elvis Renaissance Helps Graceland Make Up Its Debt Payments
Elvis Presley’s fans are breathing life back into Graceland, the singer’s 120-acre Memphis estate that’s been preserved in
1970-01-01 08:00
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Chile Draft Charter Showcases Divide Likely to Scuttle Proposals
Chile’s Constitutional Council on Tuesday presented a draft charter in a ceremony mirroring deep divisions in the nation
1970-01-01 08:00

Indonesia $2 Billion Dollar Sukuk Is First in 18 Months
Indonesia is selling $2 billion in the form of a US-currency sukuk, its first such issuance in 18
1970-01-01 08:00

US, China Vie for Influence at Upcoming Pacific Forum, With Climate Change in Focus
The world’s two largest powers will descend on the small Pacific nation of the Cook Islands this week
1970-01-01 08:00

Gun Ban in Domestic-Violence Case Gets Supreme Court Support
The US Supreme Court signaled a reluctance to strike down the federal gun ban for people subject to
1970-01-01 08:00
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Saudi Arabia’s PIF Taps Advisers for Its Debt Exposure to Signa
Saudi Arabia’s sovereign wealth fund has tapped law firm Latham & Watkins LLP to advise on the lending
1970-01-01 08:00

Romania Cites Profound Injustice’ in Bid to Join EU’s Schengen Visa-Free Zone
Romania’s premier called the country’s failure to join the European Union’s visa-free travel zone a “profound injustice,” saying
1970-01-01 08:00

Portugal’s prime minister resigns over inquiry into alleged corruption
Portugal’s Prime Minister Antonio Costa has resigned in a televised address, just hours after prosecutors detained his chief of staff in a probe into alleged corruption in his administration's handling of lithium mining and hydrogen projects. The 62-year-old, Portugal's Socialist leader since 2015, asserted his innocence but said that "in these circumstances, obviously, I have presented my resignation to the president of the republic". The state prosecutor's office said the Supreme Court was examining suspects' "use of the prime minister's name and his involvement" when carrying out allegedly illicit activities. It said the minister of infrastructure, Joao Galamba, and the head of the environmental agency were among those named as suspects. President Marcelo Rebelo de Sousa quickly accepted Mr Costa's resignation. He is expected to dissolve parliament and call for a new election. He said in a statement that he is calling parliament to convene on Wednesday, and he will speak to the nation after the Council of State gathers on Thursday. The prime minister teared up while thanking his family for their support. "I totally trust the justice system," he said. "I want to say eye to eye to the Portuguese that my conscience is clear of any illicit or censured act." He acknowledged that he was not "above the law". An investigative judge had issued arrest warrants for Mr Costa's chief of staff Vitor Escaria, the mayor of the town of Sines, and three other people because they represented a flight risk and to protect evidence, the prosecutor's office said in a statement. The judge is investigating alleged malfeasance, corruption of elected officials and influence peddling related to lithium mine concessions near Portugal's northern border with Spain and plans for a green hydrogen plant and data centre in Sines on the south coast. The police raids included the premises of the ministry of the environment, the ministry of infrastructure, Sines town council, private homes and offices. Portugal's lithium mines and green hydrogen projects are part of the continent's green initiative being pushed, and heavily funded, by the European Union. Mr Costa has been a major backer of the projects and an ally of Spain's acting Prime Minister Pedro Sanchez. He had looked set to remain in power for several years after his Socialists scored a landslide victory in elections last year, but in December 2022, his infrastructure and housing minister was forced to quit amid an outcry over a €500,000 (£434,000) compensation payment made to a board member of state-owned flag carrier TAP Air Portugal. The junior minister for infrastructure also stepped down. Ten senior government officials have left their jobs since Mr Costa's party won the 2022 ballot. Mr Costa said he had no prior indication he was being scrutinised by legal authorities. "This is a phase of my life that comes to an end," he said. Associated Press Read More Hundreds gather at vigil held for Ukrainian soldiers killed in missile attack Where the GOP presidential candidates stand on the war in Ukraine Orcas sink another yacht in relentless 45-minute attack Hundreds gather at vigil held for Ukrainian soldiers killed in missile attack Where the GOP presidential candidates stand on the war in Ukraine Orcas sink another yacht in relentless 45-minute attack
1970-01-01 08:00