Author: News Room

US Defense Secretary Lloyd Austin emphasized Tuesday that the US “will not let Ukraine fail,” as Congress continues to delay critical funding for Ukraine aid. Speaking in Germany at the 20th meeting of the Ukraine Defense Contact Group at Ramstein Air Base, Germany, Austin said Ukraine’s military continues “to degrade the Kremlin’s capabilities.” “Ukraine won’t back down, and neither will the United States,” said Austin, while seated next to Ukrainian Defense Minister Rustem Umerov. “So, our message today is clear: The United States will not let Ukraine fail. This coalition will not let Ukraine fail. And the free world will not…

We used to think that the past was behind us, and now that the Internet has given us seemingly limitless ability to look back and revisit everything, the past feels more present than ever. It’s out of this spirit that the long running podcast, Revisionist History, from Pushkin was born. Described as “a journey through the overlooked and the misunderstood,” the show has tackled such varying topics as “why do smart people do dumb things, history making moments like when Toyota had to recall over 10 million cars, and discussions over things as straightforward as why Sammy Davis Jr. was…

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An investment-migration consultancy says record numbers of rich Americans are enquiring about citizenship abroad.Portugal’s golden visa program is the most popular option among Americans, Henley & Partners said.Such schemes offer the “ultimate insurance policy” against economic and political turmoil, it said. An investment-migration consultancy says that it is seeing record numbers of wealthy Americans looking for ways to get residence rights abroad or additional citizenships.Mehdi Kadiri, head of North America at Henley & Partners, said in the company’s 2024 USA Wealth Report that in 2023 it had seen more Americans enquire about residence and citizenship by investment than in any other year,…

Beijing has accused Evergrande of inflating revenue by $78 billion in 2019 and 2020.Regulatory authorities have fined Evergrande’s founder and banned him from the securities market for life.The crackdown could serve as a warning to other defaulting developers in China’s property crisis. It just seems to get worse and worse for fallen Chinese real-estate giant Evergrande.The developer, at one time China’s largest, is in liquidation after several years in a debt crisis.Now, it’s being accused of fraud, too.The China Securities Regulatory Commission, or CSRC, has accused Hengda Real Estate — Evergrande’s flagship onshore unit in China — and its founder…

WASHINGTON (Reuters) – Donald Trump’s sway over Ohio Republicans will be tested in the state’s U.S. Senate primary on Tuesday, when they decide whether to nominate a political newcomer backed by the former president to challenge Democratic U.S. Senator Sherrod Brown in November. Republicans are looking to erase Democrats’ 51-49 majority in the chamber, and face a geographical advantage as Democrats are defending a half-dozen seats in competitive states including Ohio. The state backed Trump in its last two presidential elections, and he won by eight percentage points in 2020. Republicans also hold many major statewide elected offices, both chambers…

By Makiko Yamazaki TOKYO (Reuters) – Japan’s top banks said on Tuesday they would raise interest rates on ordinary yen deposits for the first time in 17 years after the Bank of Japan ended eight years of its unorthodox negative interest rate policy. The planned hikes by the main banking arms of Mitsubishi UFJ (NYSE:) Financial Group , Sumitomo Mitsui (NYSE:) Financial Group and Mizuho Financial Group mark a key inflection point as Japan’s economy overcomes years of deflation. The BOJ on Thursday ditched its negative rate policy, where the central bank applied a -0.1% interest rate on a small…

Augmedix, a provider of ambient class solutions for healthcare, has reported a significant revenue increase for the fourth quarter of 2023, with a 45% year-over-year growth reaching $12.7 million. The company, which has developed a fully automated AI documentation solution, has seen a positive reception for its Augmedix Go product, and is actively expanding its services to capture more market share in the generative AI technology market. With a strategic partnership with HCA Healthcare (NYSE:) and a focus on investing in sales, marketing, and engineering, Augmedix is poised for continued growth and is optimistic about its position in the healthcare…

Jan Hatzius predicted a soft landing in late 2022, back when many feared a recession was inevitable. The Goldman Sachs chief economist made a name for himself by making the opposite call in 2008, warning that toxic mortgages would ignite a recession. Now, Hatzius is offering a mostly optimistic forecast about another controversial theme in society today: artificial intelligence and what it means for the US economy. Hatzius told CNN in an exclusive interview that he is very confident AI will significantly accelerate economic growth over time by making workers far more efficient. “I see it as a productivity enhancer,”…

EUR/USD descends into mid 1.0800s ahead of Wednesday’s key Fed meeting.  Speculation is mounting that the Fed could alter how many interest rate cuts it expects to make in 2024.  ECB Vice-President De Guindos sees services inflation still too high for a rate cut.  EUR/USD declines by five hundredths of a percent into the mid 1.0800s on Tuesday, before the big event of the week in Forex, the Federal Reserve’s (Fed) March meeting policy announcement.  Although the Fed is not expected to change its interest rates at the meeting, there is a chance it could change its accompanying statement and…