The European Union is expected to finalize the details of a 9 billion euro ($9.5 billion) financial package for Ukraine in the coming days to bolster the war-torn nation.
The new macro-financial assistance program for Kyiv would consist of 25-year loans, with a 10-year grace period to reimburse the principal, three E.U. officials said, who added that interest payments would be covered by …
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“The pandemic has had a great deal of impact on everybody. It’s made a lot of people try not to take life so seriously—so they’ve decided to do something impulsively that they maybe wouldn’t even have thought about doing before.”
(Bloomberg) — The skyrocketing price of shipping goods across the globe may hit your pocketbook sooner than you think — from that cup of coffee you get each morning to the toys you were thinking of buying your kids.
Transporting a 40-foot steel container of cargo by sea from Shanghai to Rotterdam now costs a record $10,522, a whopping 547% higher than the seasonal average over…
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Steve Chiavarone doesn’t want to scare anyone, but what he remembers most from the last banking crisis was how sure most people were that it wouldn’t happen.
At his New York office in early 2008, Wall Street’s best and brightest — “strategist after strategist after strategist after strategist,” recalls Chiavarone, now senior portfolio manager at Federat…
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Abiodun Ogunyemi has been an Uber Eats delivery driver since February 2020. But since March he has been unable to work due to what a union supporting drivers claims is a racially-biased algorithm. Ogunyemi, who is Black, had submitted a photograph of himself to confirm his identity on the app, but when the software failed to recognize him, he was blocked from accessing his account for &l…
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Meta CEO Mark Zuckerberg and his wife Priscilla Chan, co-founder and co-CEO of the Chan Zuckerberg Initiative, plan to build a 5,000-square-foot underground shelter on their Hawaii ranch with its own energy and food supplies, according to a Wired investigation published earlier this month.
The plan is that the shelter’s door will be made of metal and filled in with concrete—c…
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Silicon Valley Bank was aptly named: It held the funds of hundreds of U.S. tech companies and was a crucial player in the valley’s economy. But on Friday, it became the second largest bank failure in U.S. history after a rapid run on its deposits. Some $175 billion in customer accounts were taken over by the Federal Deposit Insurance Corporation (FDIC), which is now tasked with returning …
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Japanese director Hirokazu Kore-eda is no stranger to international acclaim as the country’s most prominent auteur. Two of his works earned awards at the prestigious Cannes Film Festival: a Jury Prize for Like Father, Like Son (2013), and the festival’s grand Palme d’Or prize for Shoplifters (2018)—which was also nominated at the 2019 Oscars and Golden Glob…
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Summer is only just now upon us, which means it’s way too early to take stock of the year’s best movies. Or is it? We all know that the Oscar pundits don’t really start making noise until the final months of the year, from September to December: those are the months in which the Oscar hopefuls start rolling in, and studios start campaigning for their big releases. But the halc…
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