One congressional aide said Maria Cantwell — the chair of the Senate commerce committee, which would normally have jurisdiction over the bill — had suggested giving ByteDance one year to divest. The option to extend the divestiture deadline would help satisfy her demand and likely reduce opposition in the Senate.
A senior European Central Bank executive has said publishing the interest rate forecasts of its policymakers — similar to the US Federal Reserve’s so-called “dot plot” — could help to address shortfalls in its communication and tackle market volatility.
“Some of the points he [Bernanke] raised could also be of relevance to the ECB,” Schnabel said. “One area of reflection relates to whether policymakers’ views on their expected future path of short-term interest rates should be made more transparent, akin to the ‘dot plot’ used by the Federal Reserve System.
Seven-year-old Nadia Nizinkiewicz is thrilled about the Polish government’s decision to remove homework from her schooling. In fact, “everybody in my class is very happy,” she tells me while colouring patterns in her notebook. “Some of our homework is very difficult.” She is excited about instead spending more time in the park “playing berek (the Polish version of tag) with my friends”.
Georgieva, who has been in the role since the autumn of 2019, was the sole candidate for the position. However, it was only after European leaders signalled that they would endorse her last month that her candidacy was assured.
Vietnamese property tycoon Truong My Lan has been sentenced to death by a court in Ho Chi Minh City for embezzling more than $ 12bn in the country’s largest financial fraud, state media reported
In a global bulletin to staff on Wednesday, ByteDance, the Chinese company that owns TikTok, said it had “received feedback that some employees would like this opportunity to meet their cash and liquidity needs”.
The study of finance can easily be split into two eras: before and after Harry Markowitz.
The EU is considering a proposal to allow a Russian bank under sanctions to carve-out a subsidiary that would reconnect to the global financial network, as a sop to Moscow aimed at safeguarding the threatened Black Sea grain deal that allows Ukraine to export food to global markets.
Opinion polls suggest that parties of the nationalist and far right could win almost a quarter of the seats in June’s elections to the European parliament. Forecasts of a significant shift to the right in Europe therefore seem well placed. Yet we should be wary of treating the pan-continental far right as a homogenous bloc or of being too confident in judging its ability, after the vote, to shape and disrupt the usual business of the European legislature.
