Author: News Room

WARSAW (Reuters) – Polish ruling party lawmakers are seeking to bring central bank governor Adam Glapinski before a state tribunal in a process that could remove him from his post. Below are the main accusations and procedural steps that need to be taken to hold him responsible for allegedly breaching the constitution. He denies any wrongdoing. BUDGET DEFICIT FINANCING Lawmakers accuse Glapinski of indirectly providing budget deficit financing in the amount of 144 billion zloty ($36 billion) under a quantitative easing program during the COVID-19 pandemic. This included buying government bonds or bonds issued by the state-owned Polish Development Fund…

(Reuters) – A major bridge collapsed in the U.S. port of Baltimore after being struck by a container ship, plunging cars into the river below. Here is what carmakers and other companies, which use the port, have said about the impact on their operations: ASR GROUP The largest sugar company in the United States said it has six to eight weeks of raw sugar stocks at its Baltimore sugar refinery, which is supplied by vessels coming to the Port of Baltimore. The company added however that it does not expect short-term impacts to its operations in the area. BMW (ETR:)…

By Luc Cohen NEW YORK (Reuters) – The U.S. is seeking to forfeit two New York City apartments a former Mongolian prime minister bought with stolen mining funds, prosecutors said on Tuesday, as U.S. officials crack down on money laundering in high-end real estate. Federal prosecutors in Brooklyn said former Prime Minister Sukhbaatar Batbold and his family bought the two midtown Manhattan apartments for a total of $14 million in 2012 and 2015. They said the money came from a $68 million mining contract awarded to Hong Kong-registered Catrison Limited in 2011 to buy concentrates from the Erdenet copper mine…

The Australian Bureau of Statistics (ABS) will release the Monthly Consumer Price Index (CPI) Indicator for February on Wednesday, March 27 at 00:30 GMT and as we get closer to the release time, here are forecasts from economists and researchers of six major banks regarding the upcoming inflation data. Monthly CPI is expected to grow at a higher pace of 3.5% against 3.4% in January. If so, it would be the first acceleration since September and would move further above the 2%-3% target range.  ANZ We expect annual inflation in the monthly CPI indicator to rise slightly to 3.5% YoY…

Bloom’s integration with Transak enables users to easily purchase IOTA from their wallets, enhancing accessibility and utility. With the increasing demand for seamless fiat-to-crypto onboarding options, Bloom’s collaboration with Transak allows users from 170 countries to easily buy cryptocurrency through its desktop wallet. In the latest development, the Bloom wallet has announced its integration with global web3 payment and onboarding infrastructure provider Transak. This development will further help in expanding the availability and usability of IOTA. As per the latest development, Bloom has integrated Transak onto its platforms for Windows, Mac, and Linux, enabling users to purchase IOTA directly from…

Topline The splashy new Netflix science fiction series “3 Body Problem,” an adaptation of the Chinese novel helmed by the “Game of Thrones” showrunners, has faced criticism for setting an originally Chinese story in the United Kingdom and casting a diverse set of actors—though the cast and creators themselves have defended the show as universal and inclusive. Key Facts “3 Body Problem,” which debuted on Netflix last week, has sparked some criticism for taking liberties with the source material: Though the novels take place in China during the Cultural Revolution of the 1960s, the show is largely set in the…

The U.S. Federal Reserve will set interest rates again on May 1. Fixed income markets expect that rates will remain at 5.25%-5.5%, as they have since last July. Nonetheless, summer cuts are expected. That’s according to the CME FedWatch Tool, which measures the implicit expectations of fixed income markets. This forecasts only an 8% chance that rates are cut on May 1. Forecasting site Kalshi currently puts the chance of a cut at 12%. Those assessments could change in the face of dramatic economic news, but current expectations are that the Fed will start to cut rates at some point…

Watch full video on YouTube

America has a real retirement crisis on its hands — and there are three things it can do to help solve it, according to BlackRock chief Larry Fink.In his annual letter to investors, the CEO of the world’s biggest asset manager pointed to an unfolding crisis for current and future retirees. Over half of Americans over the age of 65 are living off less than $30,000 a year, according to 2022 Census data. Meanwhile, 45% of middle-income households risk not keeping up with their pre-retirement living standards once they turn 65, according to data from the Center for Retirement Research. That’s…

A bridge in Baltimore collapsed after a cargo ship crashed into one of its support beams.The vessel that crashed with the Francis Scott Key Bridge is the Dali, a container ship.Wes Moore, governor of Maryland, declared a state of emergency early on Tuesday.  Baltimore’s Francis Scott Key Bridge collapsed on Tuesday morning after a large cargo ship hit one of the bridge’s support beams.The vessel that crashed into the bridge is the Dali, a Singapore-flagged container ship, according to a listing on VesselFinder.Authorities are calling the incident, which was captured on a livestream and shared online, a “mass causality event.”Maryland…