The caregiver’s lament: How to deal with the costs of care

NEW YORK, Nov. 29 (Reuters) – You probably know PJ Byrne from movies, most likely as one of the fast-living psychics alongside Leonardo DiCaprio in The Wolf of Wall Street. But Byrne’s most important role these days is closer to home: that of son and caregiver. His 79-year-old father has been suffering from dementia for … Read more

The yuan is the new dollar as Russia makes a comeback

Russia resorts to the Chinese currency amid sanctions Moscow has become the No. 4 offshore trading center for the yuan The yuan’s share in the Russian forex market increased from 1% to 45% The Russian Central Bank supports the trend but warns of risks This content was produced in Russia where coverage of Russian military … Read more

COP27 offers a breakthrough in the climate fund at the cost of advances in emissions

The COP27 climate summit ends after long negotiations at the end of the week Delivers final agreement on the creation of a landmark climate finance fund Negotiators say some have blocked tougher emissions targets SHARM EL SHEIKH, Egypt (November 20) (Reuters) – Countries wrapped up this year’s United Nations climate summit on Sunday with a … Read more

New York Fed: Bank liquidity may be tighter than expected, with policy implications

Nov. 18 (Reuters) – The way the banking system manages its cash suggests that the financial system may not be as fluid as many now understand it, and that could have implications for how the Federal Reserve manages the size of its balance sheet, a paper from the Reserve Bank said. New York Fed on … Read more

FACTS: The latest fronts in climate change legal battles

(Reuters) – Climate change litigation has more than doubled in the past seven years globally, according to a June report by the London School of Economics, and is bypassing traditionally polluting industries such as fossil fuel production. At COP27 climate talks in Egypt, United Nations experts warned last week that many companies’ environmental claims amounted … Read more

Trump’s 2024 presidential bid was a new wrinkle for the markets

NEW YORK (Reuters) – Former President Donald Trump’s entry into the 2024 presidential race on Tuesday confirmed the world’s “worst-kept secrets” and created another variable for markets that some investors say remains a low priority for now. Trump, who has launched relentless attacks on voting integrity in the United States since his defeat in the … Read more

Exclusive: Germany is stepping up its emergency monetary plans to tackle power outages

FRANKFURT (Reuters) – German authorities are stepping up preparations to hand over emergency funds in the event of a power outage to keep the economy running as the nation prepares for a possible blackout caused by the war in Ukraine, four people involved said. One of the people said plans include the Bundesbank, Germany’s central … Read more

COVID public health emergency in the US to stay in place

Two Biden administration officials said Friday that the United States will maintain a public health emergency for the COVID-19 pandemic, allowing millions of Americans to get free tests, vaccines and treatments. One of the officials said the possibility of an increase in coronavirus cases in the winter and the need for more time to transition … Read more

Britain froze Russian assets worth 18 billion pounds

Russia bypasses Libya and Iran as prime target of UK sanctions The UK says sanctions are hurting Russia’s military Russia uses chips in kitchen utensils for cabinets The UK government has reported 236 sanctions violations LONDON (Reuters) – The British government said on Thursday it had frozen more than 18 billion pounds ($20.5 billion) in … Read more

The Fed is raising interest rates significantly, indicating possible smaller increases in the future

The US central bank raises interest rates by 75 basis points Powell says the time to reassess the pace of rate hikes is ‘coming’ WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday raised interest rates by three-quarters of a percentage point as it continued to battle the worst spread of inflation in 40 years, … Read more