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Currencies in emerging markets slipped on Tuesday, with the Russian rouble hitting a one-month low, while Turkey's lira was flat after its drop to a record low in the previous session as a deadly earthquake hit Turkey and northwest Syria. The Turkish lira was subdued at 18.83 against the dollar by 0920 GMT, with the major earthquake adding to pressures from a strong dollar and the war in Ukraine, as well as a surprise inflation reading. "In the past 4-5 months, the move (in lira) continues to be in the direction of a weaker currency and the main reason is that the underlying fundamental picture of the country features a number of very clear macro financial imbalances that cannot be kept under control forever," said Cristian Maggio, head of portfolio and ESG strategy at TD Securities.
House price falls have started to plateau, following four months of consecutive drops.
A $1 million gift from a new fan of Our Lady of Mercy Academy is lending a huge lift to a just-starting capital campaign at the Newfield school.
Paul Rudd and Evangeline Lily are back in Marvel's Ant-Man and The Wasp: Quantumania.
The Russian government’s oil and gas revenues slumped in January, contributing to the biggest budget deficit for the first month of the year since at least 1998, the Bloomberg news agency reported on Feb. 6.
Fresh strikes hit trains, schools and refineries in France on Tuesday over an unpopular pension reform pushed by President Emmanuel Macron, with nationwide protests planned for later in the day.A third day of union-backed demonstrations since January 19 is set to test momentum for the protest movement which has vowed to block Macron's bid to raise the retirement age."We are dealing with a president -- because he is at the heart of all this -- who, with his over-sized ego, wants to prove that he is capable of passing this reform," the head of the hardline CGT union, Philippe Martinez, told RTL radio.Macron put raising the retirement age and encouraging the French to work more at the heart of his re-election campaign last year, but polls estimate that two-thirds of people are against the changes.Lawmakers began debating the reform, which would see the age for a full pension raised from 62 to 64 and the mandatory number of years of work extended for a full pension, during a stormy session in parliament on Monday.Last week's demonstrations brought out 1.3 million people across the country while a first round on January 19 saw 1.1 million, according to the police.A security source told AFP that between 900,000 and 1.1 million people were expected on Tuesday.The crowds so far have been the largest anti-government protests since 2010 during pension reform by right-wing former president Nicolas Sarkozy.- 'Reform or bankruptcy' -Trains and the Paris metro again faced "severe disruptions", while around one in five flights at Orly airport south of the capital were expected to be cancelled.But the overall level of disruption, including in schools, was expected to be lower than on the previous two days.Around half of long-distance trains were running, the state railway company said."It's ok, it's manageable," Sylvain Magnan, a 23-year-old told AFP at the main station in the city of Marseille on the Mediterranean. "I just took a later train." Around one in two workers at oil refineries run by energy giant TotalEnergies had stopped work, the company said, but stocks at petrol stations are sufficiently high to handle any temporary pause in deliveries. Macron's proposals would bring France closer into line with its European neighbours, most of which have retirement ages of 65 or more.But the government has struggled to defend the overhaul as necessary or fair, given that the system is currently in balance and that low-skilled workers are said by many economists to bear the brunt of the changes."It's reform or bankruptcy," Public Accounts Minister Gabriel Attal said in parliament on Monday, leading to criticism from opponents that he was exaggerating.Forecasts from the independent Pensions Advisory Council show the pensions system in deficit on average over the next 25 years.- 'Unfair' -The changes would lead to annual savings of around 18 billion euros ($19.5 billion) by 2030 -- mostly from pushing people to work for longer and abolishing some special retirement schemes.France's spending on pensions is the third highest among industrialised countries relative to the size of its economy. The country is number one in terms of overall public spending, according to data from the Organisation for Economic Co-operation and Development.In parliament, the government will need to rely on the right-wing Republicans opposition party to pass the draft legislation, without having to resort to controversial executive powers that dispense with the need for a vote.Macron's allies are in a minority in the hung National Assembly after elections in June.Prime Minister Elisabeth Borne on Sunday offered a key concession, saying people who started work aged 20 or 21 would be allowed to leave work a year earlier.Republicans' head Eric Ciotti has promised his backing, in theory giving the government the numbers needed to pass the legislation. But the left-wing opposition group and the far-right nationalist and Eurosceptic party of Marine Le Pen are staunchly opposed and have filed thousands of amendments.Speaking in parliament on Monday, Le Pen said the government's reform "unfair" and "dictated by your desire to please the European Commission."burs-adp/ah/jm
Jimmy's Jazz & Blues Club Features GRAMMY® Award-Winner, 3x-GRAMMY® Nominee and 10x-Blues Music Award-Winning Drummer, Guitarist, Vocalist & Songwriter CEDRIC BURNSIDE on Thursday March 9 at 7 P.M. Cedric Burnside's 3 GRAMMY® Award Nominated Albums for "Best Traditional Blues Album" — Descendants of Hill Country (2015); Benton County Relic (2018); and I Be Trying (which won the 2022 GRAMMY® Award) are all capstone statements for a lifetime of musical labor channeling the blues spirit on drums, g
As Creighton comes to Newark for a huge game, a look at the history of a beloved tradition and its current standard-bearer.
Renowned Toronto-based law firm William Jaksa Criminal Litigation (416-900-0998) is now offering representation to defendants in the Milton, ON area. Toronto, Ontario--(Newsfile Corp. - February 7, 2023) - The firm's latest move extends its expertise in representing clients who are facing serious criminal charges, ranging from murder, manslaughter, and aggravated assault to theft, fraud, and drug-related offences.More details can be found at https://www.toronto-criminal-lawyer.coToronto Lawyer W
Rescuers in Syria continued to search through rubble on February 7, as the death toll from a powerful earthquake and multiple aftershocks neared 5,000 in Syria and Turkey.Footage released by the Syria Civil Defence shows a child being found in the rubble of a collapsed building. The group said the video was filmed in Jindires, Aleppo. Credit: Syria Civil Defence via Storyful
South African Tourism's controversial $51.5m sponsorship deal with English Premier League club Tottenham Hotspur will be discussed by the country's president Cyril Ramaphosa after sparking uproar.
Andrew Cooper / NetflixSince leaving her gig as a writer at Saturday Night Live in 2020, Sam Jay has become an increasingly prolific force in the comedy world. From her debut hour-long Netflix special 3 in the Morning, to her unique take on the late-night variety show Pause for HBO, to co-creating the sitcom Bust Down for Peacock, the Atlanta-born, Boston-raised comic has already shown audiences that she contains multitudes. And all of that was before her breakout performance in the new Netflix
Photo Illustration by Thomas Levinson/The Daily Beast/Wikimedia CommonsWhen House Republicans and Democrats joined together last month to create a new committee focused on U.S. competition with China, supporters of the project expressed confidence it could show Beijing that American leaders weren’t hopelessly divided along partisan lines.All it took was a single balloon to deflate that lofty idea.Last week, the suspected Chinese spy craft began floating across the U.S. at an altitude of 60,000 f
Manitoba’s Highway 75 was closed due to blizzard conditions.
Photo Illustration by Thomas Levinson/The Daily Beast/Wikimedia CommonsAs revelations over the Chinese spy balloon flying over U.S. airspace continue to dominate headlines and Vladimir Putin plans his next move, the greatest threat American faces hides in plain sight.That’s according to The Daily Beast columnist David J. Rothkopf, who tells this week’s The New Abnormal podcast that despite the balloon bombshell, the real enemy is hiding inside the gates.Rothkopf, the author of American Resistanc
Despite new transparency laws, the owners of 50,000 British premises remain hidden from public view.
Two pilots walked away with minor injuries after a Boeing 737 jet converted for firefighting crashed in Australia, officials said Tuesday. The twin-engine tanker owned by Canadian-based Coulson Aviation crashed in Fitzgerald River National Park in southern Western Australia state while fighting wildfires late Monday. Both pilots received only minor injuries even though the plane was engulfed in flames and smoke upon impact, Emergency Services Minister Stephen Dawson said.
The 166-year-old firm warned the attack meant some of its IT systems were irrecoverable
The Prime Minister is expected to appointment a replacement for Nadhim Zahawi as Tory Party chairman
CAMBRIDGE, England, February 07, 2023--EVONETIX LTD (‘Evonetix’), the synthetic biology company bringing semiconductor technology to DNA synthesis, today announced it has completed a USD $24 million financing round, extending its total series B funding to over USD $54 million (circa GB £44 million). This fundraise was led by existing investor Foresite Capital, with Molten Ventures, Morningside, DCVC, Cambridge Consultants, Civilization Ventures and Providence also participating in the round.