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Georgia Republicans choose Amy Kremer, organizer of pro-Trump Jan. 6 rally, for seat on the RNC
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Friday, May 17
by
SRN News
Analysis-BOJ may face more pressure to hike rates as weak yen hits consumer spending
By Leika Kihara TOKYO (Reuters) – Japan’s weak consumption may heighten, rather than tame, already growing political pressure on the central bank to raise interest rates to slow the yen’s declines blamed for hurting households via higher import costs. Such pressure will ...
Wednesday, May 15
by
SRN News
Japan’s economy shrinks on weak consumer spending, auto woes
TOKYO (AP) — The Japanese economy shrank at an annual rate of 2% in the first quarter of this year, as consumption and exports declined, the government said Thursday. Although unemployment has stayed relatively low in the world’s fourth largest economy at about 2.6%, wage ...
Wednesday, May 15
by
SRN News
Disney to dramatically cut spending for traditional TV networks
By Lisa Richwine (Reuters) – Walt Disney will cut its investment in programming for traditional television networks pretty dramatically as the company navigates the consumer shift to streaming, Chief Executive Bob Iger said on Wednesday. Iger said linear channels such as ABC ...
Wednesday, May 15
by
SRN News
Retail sales were unchanged in April from March as inflation and interest rates curb spending
NEW YORK (AP) — Retail sales in April were unchanged from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome. The number, which came in well below economists’ expectations, followed a revised 0.6% pace in March, according to ...
Wednesday, May 15
by
SRN News
Senators urge $32 billion in emergency spending on AI after finishing yearlong review
WASHINGTON (AP) — A bipartisan group of four senators led by Majority Leader Chuck Schumer is recommending that Congress spend at least $32 billion over the next three years to develop artificial intelligence and place safeguards around it, writing in a new report released ...
Sunday, May 12
by
SRN News
Death toll from rains in Brazil’s south reaches 143, govt announces emergency spending
RIO DE JANEIRO (Reuters) – The death toll from heavy rains in Brazil’s Rio Grande do Sul state rose to 143, the local civil defense government body said on Sunday, up from 136 in the previous day, while another 125 ...
Friday, May 10
by
SRN News
Spending on home renovations slows, but high remodeling costs mean little relief in sight for buyers
LOS ANGELES (AP) — Homeowners have been spending more on home renovations in recent years, as high interest rates and stubbornly high inflation drove up costs for everything from flooring to refrigerators. The home improvement spree got particularly heated early in the pandemic, when Americans ...
Friday, May 10
by
SRN News
Japan’s consumer spending extends declines, clouding outlook for BOJ rate hikes
By Satoshi Sugiyama and Tetsushi Kajimoto TOKYO (Reuters) – Japan’s consumer spending fell for the 13th straight month in March, creating challenges for policymakers who are seeking to drive stronger real wage growth, a prerequisite for additional central bank rate hikes. Household ...
Wednesday, May 8
by
SRN News
Brazil to examine changes to pension benefit calculations in spending review, minister says
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Brazil’s planning ministry is preparing to review government spending again, including changes in the calculation of pension and labor benefits, but it is not planning any immediate implementation, the minister told Reuters. ...
Monday, May 6
by
SRN News
Brazil’s Lula seeks spending waiver for rain-ravaged Southern state where 85 have died
By Leonardo Benassatto, Andre Romani, Lisandra Paraguassu CANOAS, Brazil (Reuters) -Brazilian President Luiz Inacio Lula da Silva asked Congress on Monday to recognize a state of public calamity for the heavy rains that have killed at least 85 people in the country’s southernmost state of ...
Monday, May 6
by
The Center Square
Denver considering spending $1.4M on new housing program for asylum seekers
(The Center Square) – The city of Denver is considering spending nearly $1.4 million on case management services through a new program for migrants. ...
Monday, May 6
by
SRN News
Brazil officials eye curbs on pension spending, but Lula may resist
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Senior officials in Brazil’s economic team are signaling a need to curb pension spending in order to shore up public accounts, although their biggest challenge may be convincing President Luiz Inacio Lula ...
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