Author: News Room

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Topline Former President Donald Trump urged the Supreme Court in a brief filed Tuesday to rule he has “absolute immunity” from four charges linked to his efforts to overturn the 2020 presidential election, warning presidents could face “blackmail” and “post-office trauma” that would “incapacitate” them otherwise, doubling down on his argument that presidential immunity should exempt him from charges in all four of his criminal cases. Key Facts The filing said Trump should enjoy absolute immunity for official acts conducted as president, citing a lack of historical precedent when it comes to prosecuting presidents for official acts. Trump’s attorneys added…

Shares in financial services business Prudential fell on Wednesday after an underwhelmed response from the market to forecast-beating trading numbers. At 743.6p per share, Asia-focused Prudential’s share price was last 4.7% lower in midweek business. In 2023, new business profit at the FTSE 100 firm soared 45% at constant exchange rates, to $3.1 billion, as the end of Covid-19 lockdowns boosted business. The company said that new business profit grew in 17 of its 22 life markets, while market share advanced in seven of its Asian life markets. Adjusted operating profit at Prudential, meanwhile, increased 8% at stable exchange rates,…

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Interface.ai cofounder Srinivas Njay built a powerful virtual financial assistant with just $1 million in capital. The VCs are lining up—but like many self-funded entrepreneurs, he doesn’t need them. By Emily Mason, Forbes Staff For five years, founders Srinivas Njay and Bruce Kim have been building interface.ai and its artificial intelligence powered virtual assistant that helps banking customers do everything from analyze their spending to fill out a mortgage application to open a new credit card. So far, they’ve signed up more than 100 credit unions and small community banks serving 16 million consumers—contracts worth tens of millions in annual…

I was 26 with my life crammed into three suitcases. I had just finished an internship in Tokyo and was flying to Italy to move in with my boyfriend. I was in the final round for a great job and was excited to start my new life. I walked up to the counter and handed my one-way ticket to the agent. The man frowned at my comically large bags and heaved them onto the scale.”Sumimasen,” he said in Japanese, “the allowance is one normal-sized bag. You need to pay a fee for oversized luggage.””How much?” I asked.The man glanced at…

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Russia has shrugged off the Western sanctions imposed on it after Vladimir Putin invaded Ukraine.The country blunted their impact by ramping up trade with other countries such as India and China.Yet Russia’s war economy is weaker than it appears and could face major problems, experts say. Russia’s invasion of Ukraine spurred the US and its allies to slap Moscow with sanctions aimed at crushing its war effort and economy.Two years on, Russia has emerged stronger than virtually anyone predicted. Here’s how the nation upended expectations — and why experts are skeptical its success will last.Skirting sanctionsWestern nations rushed to punish…

By Howard Schneider WASHINGTON (Reuters) – Federal Reserve officials left their policy meeting in late January in search of “greater confidence” that inflation was on a sustainable downward path, a notably squishy standard they set for determining when the U.S. central bank might start cutting interest rates. Instead, they’ve have been buffeted by services prices roaring upward, job growth that continues to surprise to the upside, and housing costs that have kept climbing faster than expected. Far from confidence, the issue they face in the two-day meeting that concludes on Wednesday is whether progress on inflation has flat out stalled…