Mayor Bowser withdraws Karima Holmes nomination for OUC Director

Mayor Bowser withdraws Karima Holmes nomination for OUC Director

WASHINGTON – Mayor Muriel Bowser has withdrawn her nomination of Karima Holmes to lead the District’s Office of Unified Communications, her office confirmed Monday. The decision arrives just days after Mayor Bowser and other top D.C. officials backed Holmes to lead the city’s 911 Call Center.  Last week, the head of the Judiciary and Public … Read more

Pet food shortage at spcaLA shelters: ‘Cupboards are bare!’

Pet food shortage at spcaLA shelters: ‘Cupboards are bare!’

LOS ANGELES – SpcaLA shelters are pleading with the community for donations of pet food or money as their reserves hit “dangerously low levels” amid the holiday season. “If you are out shopping for your family, please think of shelters pets and grab a can or bag for them,” said spcaLA President, Madeline Bernstein. “We … Read more

BIS warns of $80 trillion of hidden FX swap debt

BIS warns of  trillion of hidden FX swap debt

LONDON, Dec 5 (Reuters) – The Bank for International Settlements (BIS) has warned that pension funds and other ‘non-bank’ financial firms now have more than $80 trillion of hidden, off-balance sheet dollar debt in the form of FX swaps. Dubbed the central bank to the world’s central banks, the BIS raised the concerns in its … Read more

Apple and Amazon resume advertising on Twitter, reports say

Apple and Amazon resume advertising on Twitter, reports say

Dec 3 (Reuters) – Amazon.com Inc (AMZN.O) and Apple Inc (AAPL.O) are planning to resume advertising on Twitter, according to media reports on Saturday. The developments follow an email sent by Twitter on Thursday to advertising agencies offering advertisers incentives to increase their spending on the platform, an effort to jump-start its business after Elon … Read more

Jury in Trump Organization’s criminal tax fraud trial to begin deliberations

Jury in Trump Organization’s criminal tax fraud trial to begin deliberations

NEW YORK, Dec 5 (Reuters) – Jurors in the Trump Organization’s tax fraud trial are set to start deliberating on Monday, following four weeks of testimony and arguments about executive pay practices at Donald Trump’s real estate company that prosecutors say amounted to a years-long criminal scheme. The former U.S. president’s company was charged in … Read more

Bankman-Fried says he will testify before U.S. House committee

Bankman-Fried says he will testify before U.S. House committee

Dec 4 (Reuters) – FTX founder Sam Bankman-Fried tweeted on Sunday that he would testify before the House Financial Services Committee after he finished “learning and reviewing” the events that led to the spectacular collapse of his cryptocurrency exchange. The U.S. House Financial Services Committee plans to hold a hearing in December to investigate the … Read more

European markets stay cautious after China eases pandemic measures

European markets stay cautious after China eases pandemic measures

LONDON, Dec 5 (Reuters) – European stock indexes opened slightly lower on Monday, finding little support from an easing of China’s domestic pandemic restrictions, after market sentiment was dampened by U.S. jobs data on Friday that raised fears of persistent inflation. Asian shares had been boosted early on Monday by hopes that China taking steps … Read more

Tesla cuts Dec Model Y output at Shanghai plant by more than 20% versus Nov – sources

Tesla cuts Dec Model Y output at Shanghai plant by more than 20% versus Nov – sources

SHANGHAI, Dec 5 (Reuters) – Tesla (TSLA.O) plans to cut December output of the Model Y at its Shanghai plant by more than 20% from the previous month, two people with knowledge of electric vehicle (EV) giant’s production plan said on Monday. Tesla did not immediately respond to a request for comment on the planned … Read more