President Financial News

President Joe Biden and congressional leaders have reached an agreement on this fiscal year’s final set of spending bills

The billionaire philanthropist and author MacKenzie Scott announced Tuesday she would give $640 million to more than 360 organizations in response to an application process she launched last year

A major automaker made a deal with California to cut greenhouse gas emission from cars as the state transitions away from gas-powered vehicles

The British government says it will hold the next meeting of the European Political Community on July 18

JetBlue Airways is cutting back

The Biden administration has reached an agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans for computer chip plants in Arizona, Ohio, New Mexico and Oregon

Caribbean leaders say all groups and political parties except one have submitted nominees for a transitional presidential council charged with selecting an interim prime minister for Haiti

The Biden administration this week is expected to announce new automobile emissions standards that relax proposed tailpipe limits for three years but eventually reach the same strict standards set out by the Environmental Protection Agency

McDonald’s CEO will become chairman of the company’s board later this spring, the company said Tuesday

Blockchain-based Web3 game development platform Sequence is bringing Web3 gaming tools and solutions to Google Cloud users.

White House unveiled almost $20 billion in new grants and loans Wednesday to support Intel's US chip-making facilities, marking the Biden administration's largest funding announcement yet as it tackles China's dominance of the crucial technology. President Joe Biden's decision to make the announcement during a trip to Arizona underscores his strategy of highlighting legislative achievements in key battleground states ahead of November's presidential rematch against Donald Trump.

Sri Lanka has said it will allow foreign offshore research ships for replenishments at its ports despite a one-year ban on such vessels, a senior official has said after China protested to Colombo for allowing a German survey ship but turning down Beijing's similar request. This is the first time Sri Lanka has officially admitted that foreign research vessels will be allowed for replenishments since President Ranil Wickremesinghe's government imposed a one-year ban on offshore research vessels in December last year after strong security concerns raised by India and the US following the visit of two Chinese high-tech research vessels in 14 months. «The ban on foreign ships is for research purposes, not on replenishment,» the Economy Next portal quoted Niluka Kadurugamuwa, Sri Lanka's Foreign Ministry Spokesman, as saying. «There was a German research vessel recently for replenishment and Sri Lanka allowed it,» he said.

Dravida Munnetra Kazhagam (DMK) manifesto for Lok Sabha Elections 2024. Stalin also announced a list of candidates from the ruling party of Tamil Nadu for the elections beginning April 19. Stalin's sister and member of parliament (MP) Kanimozhi and other party leaders were also present at event in Chennai.

Radisson Hotel Group said on Wednesday it has appointed Nikhil Sharma as the managing director and area senior vice president (ASVP) for South Asia, effective April 1, 2024. Radisson said in his new role, Sharma will lead Radisson Hotel Group’s operations in the South Asia region, which has over 165 hotels in operation and development. The chain said he will play a 'pivotal' role in strengthening the group’s leadership in the Indian market, nurturing relationships with its partners, driving revenue growth, and ensuring operational excellence.

Tamilisai Soundararajan rejoined BJP on Wednesday two days after she resigned from the posts of Telangana Governor and Puducherry Lt Governor. After rejoining the BJP, Tamilisai Soundararajan said, “I want to contest elections and I have expressed my wish to my party too...I am happy to get back the membership card which I have...It's the happiest day.

Tamilisai Soundararajan, the former Governor of Telangana, has made a significant return to active politics by rejoining the Bharatiya Janata Party (BJP) in Tamil Nadu. Soundararajan's decision to join the BJP was announced at the party's headquarters 'Kamalalayam' in Chennai, where she was warmly received by Tamil Nadu BJP President K Annamalai. Soundararajan, who had previously contested in assembly and general elections, expressed her eagerness to once again participate in electoral politics. She emphasized her commitment to serving the public through direct and honest politics. «I am returning to direct and honest politics. Upon acceptance of my resignation letter by the President, I will inform the media about my future plans,» Soundararajan told reporters. Soundararajan's resignation as Telangana governor was accepted by President Droupadi Murmu, who has appointed C P Radhakrishnan, the Governor of Jharkhand, to discharge the duties of the Governor of Telangana and Lieutenant Governor of Puducherry in addition to his current responsibilities.

The top Argentinian financial regulator says it plans to “supervise” the Latin American nation’s crypto service providers.

Hong Kong’s lawmakers unanimously passed a new national security law that grants the government more power to quash dissent in the southern Chinese city

Paul Reilly, who replaced Tom James as CEO of Raymond James Financial Inc. in 2009, is stepping down sometime next year and will be replaced by the firm’s current chief financial officer, Paul Shoukry. Shoukry, a 14-year veteran of the firm, will become president of the firm effective immediately.

Fintech Flourish is capturing a bigger share of Focus Financial Partners’ tech stack as it unveils a new partnership.

Donald Trump urged the Supreme Court on Tuesday to rule that he is absolutely immune from criminal charges stemming from his attempts to subvert the 2020 election. «The president cannot function, and the presidency itself cannot retain its vital independence,» the brief said, «if the president faces criminal prosecution for official acts once he leaves office.»