The US Senate has reached a provisional deal on a spending bill needed to avert a federal budget crisis, with lawmakers agreeing to slash nearly $20 billion in proposed aid for Ukraine following push-back by some Republicans. The upper chamber ended debate on the budget legislation on Tuesday night, garnering …
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US weapons should be withdrawn from Saudi Arabia as punishment for oil output cuts, announced last week by the de-facto leader of the Organization of the Petroleum Exporting Countries (OPEC), Democratic lawmakers have said. “For several years, the US military has deployed Patriot missile defense batteries to Saudi Arabia to …
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Germany should introduce a motorway speed limit, the nation’s regional environment ministers decided in a reportedly unanimous vote during a conference on Friday. The move is justified by the need to save energy and reduce Germany’s dependence on oil and gas imports amid the ongoing conflict in Ukraine, the ministers …
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A bill that would allow the use of Russian assets seized by Washington to fund aid to Ukrainian refugees and the post-war reconstruction of Ukraine is being introduced in the US Senate. The RELIEF (Repurposing Elite Luxuries Into Emergency Funds) for Ukraine Act is being proposed by Colorado’s Democratic senator, …
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Democratic lawmakers in California have proposed two new tax tiers for the state’s ultra-high-net-worth individuals. The bill, introduced last week by Assemblymember Alex Lee (D-San Jose), will target all households worth over $50 million with a 1% annual wealth tax, while households worth over $1 billion will pay 1.5%. Unlike …
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Ethereum co-founder Vitalik Buterin and Gumroad founder Sahil Lavingia proposed synthetic wombs as a solution to gender inequality Several prominent tech entrepreneurs discussed the possibility of replacing natural birth with synthetic wombs, arguing that such technology would remove the “burden” of pregnancy and allow women to work more. After Tesla …
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Eight Republican party legislators submitted the bill on Wednesday, naming it the GUARD Act, which stands for Guaranteeing Ukraine’s Autonomy by Reinforcing its Defense. The proposed legislation includes a range of measures designed to support Kiev, including authorizing $450 million in foreign military financing in 2022 and promising to designate …
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Biden is expected to speak with Putin in the “near future,” Blinken told Reuters on Friday, and will tell the Russian leader the US will stand up to any “reckless or aggressive” actions by Russia. However, the top US diplomat and long-time Biden foreign policy adviser said that the White …
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French and German diplomats “wrongfooted” other EU member states at a meeting in Brussels on Wednesday by proposing to invite Putin to a summit with the bloc’s leaders, the Financial Times reported on Wednesday, citing “people with knowledge of the discussions.” According to FT, Merkel wants to revive EU relations …
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Using non-financial data such as “the type of browser and hardware used to access the internet, the history of online searches and purchases,” which is then fed into technology powered by AI and machine learning, could “advance financial inclusion, by, for example, enabling more credit to informal workers and households …
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