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(Bloomberg) — European leaders sought to assemble what Britain called a “coalition of the willing” to secure Ukraine after any US-brokered ceasefire, as they gathered in London to coordinate defense spending hikes amid concerns of an American pullback. Most Read from Bloomberg UK Prime Minister Keir Starmer, who hosted the emergency security summit on Sunday, said Britain and France and “one or two others” would work with Ukraine on a “plan to stop the fighting.” The summit came after a week of frantic diplomacy marked by a disastrous Oval Office clash between US President Donald Trump and Ukrainian counterpart Volodymyr…
Kazakhstan, the world’s largest uranium producer, is hoping to capitalise on a nuclear power resurgence, according to mining executives speaking at PDAC 2025 in Toronto yesterday (2 March). Opening the panel discussion, Dastan Kosherbayev, chief director for strategy and international development at state-owned Kazatomprom, said a second uranium renaissance is “actively developing” and “demand is robust”. “The nuclear sphere is receiving support, not only from political entities, but from financial institutions as well,” he added, pointing to an agreement signed by 14 financial institutions during New York Climate Week in September 2024. Kosherbayev also referenced the Net Zero Nuclear initiative,…
President Donald Trump speaks during a cabinet meeting at the White House in Washington, DC, on February 26, 2025. – Jim Watson/AFP/Getty Images U.S. President Donald Trump announced the names of five digital assets he expects to include in a new U.S. crypto strategic reserve on Sunday, spiking the market value of each. Trump said on social media that his January executive order on digital assets would create a stockpile of currencies including bitcoin. The names had not previously been announced. The assets rose 8% to 62% in trading on Sunday. Trump said his order “directed the Presidential Working Group…
(Bloomberg) — Honor Device Co., one of China’s biggest smartphone makers, plans to invest $10 billion over the next five years to become a contender in the artificial intelligence race. Most Read from Bloomberg The Shenzhen-based company, which got its start as a spinoff from Huawei Technologies Co., announced a new corporate strategy that centers on building a device-centric AI ecosystem at Mobile World Congress. The funds for its investment push will come from the company and its investors, an Honor representative said, without providing further details. Honor’s biggest backers are local government entities and it also has display maker…
Jon Bilous / Shutterstock.com Once you’ve made it to the rungs of the middle class, you may have your sights set on graduating to the upper middle class. This is a fairly elite group — only 14% of the U.S. population identify as “upper middle class,” according to a 2022 Gallup survey. Find Out: How Much You Need To Earn To Be Upper Middle Class in Every State Explore More: 12 SUVs With the Most Reliable Engines If becoming upper middle class is a nonnegotiable goal, you may have better odds of reaching it in the South, a region that…
(Bloomberg) — US employers probably added jobs at a moderate pace in February at a time of federal government layoffs and a consumer spending slowdown.Payrolls rose by 160,000 in February, a slight improvement from the 143,000 increase a month earlier yet softer than during the final months of 2024, according to the median projection of economists surveyed by Bloomberg. The unemployment rate is seen holding at 4%.Friday’s report from the Bureau of Labor Statistics will provide an update for Federal Reserve officials about momentum in the labor market that’s been the key support — at least until January — of…
As several area fast-food restaurants closed in recent months, an industry expert painted a bleak picture for the future of burger joints. A Burger King restaurant in Fairview Twp., Luzerne County, closed Feb. 11 and another in the Eynon section of Archbald — a staple in the Midvalley for five decades — followed suit less than a week later. Signs on the doors of both buildings informed customers about the permanent closures, thanked patrons for their support and referred them to other locations in the region. A note informs cusotmers of the closing of the Burger King on the Scranton…
American consumers don’t need to fret about President Donald Trump’s tariffs on aluminum raising the price of their can of soda. Two weeks ago, Trump announced a 25% tariff on all steel and aluminum imports into the United States that would go into effect March 12, worrying some soda drinkers that another staple will take more out of their wallet. But shortly after the executive order, beverage companies began assessing what the tariffs could mean for their industry — and the results weren’t too concerning. NYSE – Delayed Quote • USD At close: February 28 at 4:00:02 PM EST Coca-Cola…
Mar. 2—Michelle Dearholt was well on her way to achieving new goals before a cancer diagnosis stopped her in her tracks. “All of a sudden, you find out that you have something that just changes the trajectory of how you think about life in general and how you think about work,” said Dearholt, 44, of her stage three cancer. “At that time, I wasn’t quite sure, one, if I was going to live, and two, if I was going to be able to come back to work.” But Dearholt is back — and better than ever. She started in her…
WEST PALM BEACH, Fla. (AP) — Commerce Secretary Howard Lutnick said Sunday that government spending could be separated from gross domestic product reports in response to questions about whether the spending cuts pushed by Elon Musk’s Department of Government Efficiency could possibly cause an economic downturn. “You know, that governments historically have messed with GDP,” Lutnick said on Fox News Channel’s “Sunday Morning Futures.” “They count government spending as part of GDP. So I’m going to separate those two and make it transparent.” Doing so could potentially complicate or distort a fundamental measure of the U.S. economy’s health. Government spending…