Cannabis Banking Measure
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Card payments remain a ‘challenge’ for legal cannabis as major banks avoid the sector. Changing classification won’t help.
Standard credit card transactions remain elusive but more financial services firms are moving into the space.MarketWatch - Business -
RedBird Banks $4.7 Billion for Dealmaking
The sports, media and financial services investor collects fresh capital amid a flurry of high-profile deals.The Wall Street Journal - World -
Pro-cannabis advocates in Thailand rally ahead of the government's plan to recriminalize the plant
Dozens of pro-cannabis advocates in Thailand gathered at the health ministry on Thursday to oppose the government’s plan to relist it as narcotics, two years after it was decriminalizedABC News - World -
Cannabis stocks rise as U.S. moves to reclassify pot as less dangerous
Cannabis companies including Cresco Labs, Trulieve and Ayr Wellness post solid gainsMarketWatch - Business -
Thai high: the rise of a newfound cannabis culture – a photo essay
Photographer Dougie Wallace has been looking at the impact of the decriminalisation of cannabis in Thailand, from Khaosan Road to the beach resorts, such as Krabi and Phuket, that attract tourists. The decriminalisation of cannabis in Thailand in ...The Guardian - World -
Tilray to sell a large block of stock as it preps for cannabis reclassification
Tilray Brands is getting ready for marijuana to be reclassified as a less dangerous drug in the U.S., as the cannabis company is looking to raise money through the sale of shares so it can expand.MarketWatch - Business -
House approves measure condemning 'calls to defund the police'
The House approved a resolution Friday that condemns “calls to defund the police,” taking aim at the rallying cry embraced by some progressives amid the Black Lives Matter movement. The chamber approved the four-page measure in a 337-61 vote, with ...The Hill - Politics -
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What a Spanish bank mega-deal means for TSB
After BBVA’s bid, Sabadell is under pressure to prove it makes sense for a Spain-focused bank to own the midsize UK lenderFinancial Times - Business -
House Republicans introduce measure to overturn nursing home staffing rule
House Republicans have introduced a Congressional Review Act resolution to overturn the Biden administration’s minimum staffing requirement for nursing homes. Under the requirements unveiled last month, all nursing homes that receive federal ...The Hill - Politics - Republican Party -
Columbia faculty group passes no-confidence measure on school's president
Columbia University’s Faculty of Arts and Sciences approved a vote of no confidence Thursday against university President Minouche Shafik over her handling of the recent pro-Palestinian protests on campus. The vote, organized by the school’s ...The Hill - Politics -
China pledges $42 billion in a slew of measures to support the struggling property sector
Chinese authorities on Friday pledged new support for state-owned enterprises to enable them to buy unsold apartments.CNBC - Business - China -
China pledges $42 billion in a slew of measures to support the struggling property sector
Chinese authorities pledged new support for state-owned enterprises to enable them to buy unsold apartments, in an effort that could help developers get more funding to finish construction on pre-sold properties.NBC News - Top stories - China -
How Caitlin Clark’s W.N.B.A. Salary Measures Up Across Sports
Unless the league’s finances change significantly, Clark’s salary might never reflect what stars of her magnitude typically earn.The New York Times - Sports -
Youngkin Vetoes Measures to Remove Tax Breaks for Confederate Heritage Group
The Virginia governor rejected efforts by the state’s Democrats to reshape the Commonwealth’s relationship with its Confederate past.The New York Times - Top stories -
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Arab League Calls for U.N. Peacekeepers in Gaza and the West Bank
Any use of U.N. forces would have to be approved by the Security Council. “There first has to be peace to keep," said a U.N. spokesman.The New York Times - World -
Mortgage rates drop as markets bet on Bank of England cut
Fresh wave of competition among lenders could provide relief for homebuyers ahead of UK general electionFinancial Times - Business - Mortgage -
ECB pressures banks to speed up Russia exits on fear of US action
Regulator has requested detailed plans from lenders including Italy’s UniCredit and Austria’s RaiffeisenFinancial Times - Business - Russia -
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When to Treat Your 401(k) as a Bank. And When to Keep It Locked Up.
Higher interest rates make retirement-plan loans more attractive, but there are risks.The Wall Street Journal - World -
Dimon Led Bank CEOs to Fend Off Tougher Capital Rules
Regulators discuss slashing proposed capital requirements in sign of banks’ increasing clout.The Wall Street Journal - World -
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Facebook and Instagram face fresh EU digital scrutiny over child safety measures
The European Union opened fresh investigations into Facebook and Instagram over suspicions that they’re failing to protect children online, in violation of the bloc’s strict digital regulations for social media platformsABC News - Tech - Facebook -
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China rolls out new measures to fix its property crisis, spur growth
China has announced fresh measures to revive its ailing property industry after the latest data showed housing prices slumped further in AprilABC News - World - China -
Buenos Aires metro fare jumps 360% amid Argentina’s harsh austerity measures
Libertarian president Javier Milei has slashed public spending as he wrestles to tame hyperinflation, now at 289% annually. Commuters in Buenos Aires have been hit by an overnight 360% increase in subway fares, in one of the most dramatic price ...The Guardian - World -
‘You’re emptying my emotional bank account’: why is business jargon seeping into our relationships?
Some couples relish new ways to discuss their feelings by using the language of the workplace. For others it’s alienating. The language of relationships seems to have donned a blazer recently – or at least a fleece vest.. If you’re single and ...The Guardian - World -
New York Community Bank COO Julie-Ann Signorille-Browne is stepping down
Browne’s departure follows a slate of recent executive exits at NYCB.MarketWatch - Business - New York -
Bank of America forecasts an upturn after the worst performance for 30-year bonds in over 100 years
The total return on 30-year bonds has declined by 45% since April 2020, the worst four-year loss in over 100 years, according to strategists at Bank of America.MarketWatch - Business -
Russian court seizes assets worth €700mn from UniCredit, Deutsche Bank and Commerzbank
Move against western lenders follows dispute with a subsidiary of GazpromFinancial Times - Business - Russia -
Russian court seizes assets worth over $700 mln from UniCredit, Deutsche Bank and Commerzbank
A St Petersburg court has seized over €700 mln ($773 mln) worth of assets belonging to three western banks — UniCredit, Deutsche Bank and Commerzbank — according to court documents.MarketWatch - Business - Russia -
Islamic Jihad leader killed in West Bank and 70 targets hit in Gaza, says Israel
IDF says ‘senior terrorist operative’ Islam Khamayseh was killed in strike on the city of Jenin. Israel says its jets have struck 70 targets across Gaza in the past 24 hours, while an airstrike in Jenin killed a “significant” Islamic Jihad figure ...The Guardian - World - Israel