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U.S. House of Representatives Speaker Mike Johnson wakes up on Thursday having survived an attempt to push him out, but he still faces an uncertain future as leader of a Republican caucus locked in civil war. Johnson was a little-known member of the House of Representatives until October, when he emerged from the bruising leadership fight that followed his predecessor's ouster in the powerful role of top Republican in Congress and second in line to the presidency behind the vice president. He survived an attempt by hardline Republican Marjorie Taylor Greene on Wednesday to remove him as speaker, with the support of most of his party's 217-213 House majority and from Republican presidential candidate Donald Trump.
The tech world's new push for investor returns is changing what a dividend company looks like.
In a week lacking big catalysts, market momentum has stalled somewhat as investors look for fresh clues on the monetary policy outlook, after softer-than-expected payrolls data last week fueled bets of one or two rate cuts this year. Money market traders are pricing in U.S. rate cuts of 43 basis points (bps) by the end of 2024, according to LSEG's rate probabilities app. Market focus will shift to weekly jobless claims data and remarks from San Francisco Fed President Mary Daly during the day.
Rescue work was turning into a victim recovery effort after an apartment building collapsed in South Africa, trapping dozens of construction workers.
Nissan said Thursday it nearly doubled its full-year net profit in 2023-24, weathering challenges in the Chinese market, but forecast a dip of around 10 percent for the current financial year.The results struck a different tone to an announcement last month when Nissan trimmed its sales and profit outlook for 2023-24, predicting a more modest net profit of 390 billion.
Spain's second-largest bank BBVA announced Thursday a hostile takeover bid for smaller rival Banco Sabadell but the government vowed to block the move, which would create a European giant in the sector.A takeover would create a banking powerhouse capable of competing with Santander -- Spain's leading bank -- as well as with European giants such as HSBC and BNP Paribas.
Relatives of 44 construction workers trapped under a collapsed building in the South African city of George faced a fourth day of anguished waiting on Thursday as heavy machinery worked at the site in a race against time to find any survivors. Of 81 people who were on site when the five-story building collapsed on Monday, eight have been confirmed dead and 29 alive, 16 of them in a critical condition, according to the latest figures from George municipality. An earth mover could be seen removing broken slabs of concrete from the collapsed building, now a chaotic pile of masonry and twisted steel reinforcements.
Japan's Fisheries Agency on Thursday proposed a plan to allow catching fin whales in addition to three smaller whale species currently permitted under the country's commercial whaling around its coasts. The proposal comes five years after Japan resumed commercial whaling within its exclusive economic zone after withdrawing from the International Whaling Commission in July 2019. It ended 30 years of what Japan called "research whaling" that had been criticized by conservationists as a cover for commercial hunts banned by the IWC in 1988.
Air Vanuatu announced Thursday the airline had cancelled international flights for four days and was considering bankruptcy protection for the South Pacific state-owned carrier. It said international flights were cancelled until Sunday and flights after that day were “under review.” “The Vanuatu government is now considering placing Air Vanuatu into voluntary administration,” a statement said, referring to a local equivalent of a U.S. Chapter 11 bankruptcy.
Chinese President Xi Jinping visited Hungary on Thursday seeking a "new journey" with Beijing's closest European Union ally amid divisions with the West over the Ukraine war and global trade.- Message to Europe - Earlier this week, the Chinese leader kicked off his trip in France, a visit that was cordial but also highlighted tensions between Beijing and the EU over the war in Ukraine and global trade.
South Korea’s leader on Thursday said he plans to create a new government ministry to tackle the “national emergency” of the country’s infamously low birth rate as it grapples with a deepening demographic crisis.
Apple's latest M4 chip is bringing more AI capabilities, providing a look into the company's upcoming WWDC conference.
Nissan’s profit for the fiscal year through March jumped 92% to 426.6 billion yen ($2.7 billion) as sales grew in all major global markets except China, the Japanese automaker said Thursday. Annual sales surged nearly 20% to 12.7 trillion yen ($81.5 billion), Nissan Motor Co. said. For the January-March quarter, profit at Nissan, based in the port city of Yokohama, edged down slightly to 101.3 billion yen ($650 million) from 106.9 billion yen.
As officials in the central and southern US assess the damage from reported tornadoes and powerful storms that killed at least three people Wednesday, residents from East Texas to South Carolina are bracing for a severe weather threat Thursday that could bring large hail, damaging winds and flooding.
Through a tumultuous period of high inflation, aggressive interest rate hikes, and global instability, the U.S. Federal Reserve received relatively high marks for its monetary policy communications despite the thicket of uncertainty it has been navigating, according to a survey of academic and private-sector analysts released on Thursday. Responses from 31 academic and 24 private Fed watchers to questions posed by the Brookings Institution's Hutchins Center on Fiscal and Monetary Policy gave the U.S. central bank under Fed Chair Jerome Powell a median score of B+ for its overall communications, an important aspect of central bank operations that can make monetary policy itself more or less effective. The score was slightly lower than the median of A- the Powell-led Fed received in a 2020 survey conducted as the central bank rolled out a complicated series of programs in response to the COVID-19 pandemic.
Paul Whelan, an American detained in Russia, expressed renewed optimism about US efforts to secure his release in a call with CNN on Wednesday, but acknowledged “a bit of a concern” that the recent arrest of a US soldier in Russia could complicate matters.
Russia is warning its Western adversaries that it feels obliged to boost its nuclear deterrent due to what it sees as their "escalatory" course, Deputy Foreign Minister Sergei Ryabkov was quoted as saying on Thursday. Ryabkov was cited by state news agency RIA as saying that Russia was not however changing its own nuclear doctrine, which allows for the use of nuclear weapons in case of an existential threat to the state. "We warn our opponents that their escalatory trajectory confronts us of course with the need to take steps that actually mean strengthening our measures of deterrence."
Ukraine's parliament voted on Thursday to dismiss Deputy Prime Minister Oleksandr Kubrakov, who has overseen the wartime reconstruction effort and championed efforts to set up a vital Black Sea shipping lane, lawmakers said. Kubrakov also helped ensure key logistical routes for millions of people fleeing the fighting early in the war after Russia's invasion of Ukraine in February 2022.
The dazzling Thai holiday islands made famous by Hollywood film "The Beach" are facing a severe water shortage following a blistering heatwave across Asia, a tourism official and locals said Thursday.Local tourism operators have repeatedly called for long-term water supply investments for the Koh Phi Phi islands, which lack sufficient reservoirs and infrastructure.
Equity traders struggled to get a recent rally back on course Thursday following a tepid lead from Wall Street, but record performance in Europe highlighted optimism that central banks were on course to cut interest rates.After London's record, and gains in Paris and Frankfurt were followed by a mixed performance in New York, Asia struggled.
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