The world’s major central banks delivered in June the biggest number of monthly interest rate hikes year-to-date, surprising markets and flagging more tightening ahead as policy makers grapple to get the upper hand in their battle against inflation. Seven of the nine central banks overseeing the 10 most heavily traded currencies that met in June…
Three civil rights groups filed a complaint against Harvard on Monday, claiming its preferential policy for undergraduate applicants with family ties to the elite school overwhelmingly benefits white students, days after the U.S. Supreme Court struck down its race-conscious admissions policies. The groups filed a complaint with the U.S. Department of Education claiming that Harvard’s preferences for…
In state after state, conservative lawmakers this year have banned medical procedures for transgender youth. Now, a growing number of federal judges are blocking those laws from taking effect. U.S. district court judges have halted such laws in six states – Alabama, Arkansas, Florida, Indiana, Kentucky and Tennessee – finding that they infringe on the constitutional guarantee…
Pakistan criticises migration policies after Mediterranean shipwreck. Pakistan and several African nations called for more protections for migrants at the U.N. Human Rights Council on Monday following the shipwreck off the Greek coast. At least 82 people died and hundreds more are feared dead in the June 12-13 shipwreck along the world’s most deadly migration route from…
Zambia’s state-owned ZCCM Investment Holdings (ZCCM.LZ) confirmed on Monday that China’s Zijin Mining (601899.SS) and Sibanye Stillwater (SSWJ.J) are among investors short-listed to buy Mopani Copper Mines. The list includes those companies, China’s Norinco Group and an investment vehicle owned by ex-Glencore officials, Reuters reported June 20, citing sources. The search for a new investor for Mopani is likely to be concluded within…
The Bank of England will raise borrowing costs 50 basis points higher than was thought only two weeks ago, in two quarter-point moves, as elevated inflation proves tricker to bring down than had been expected, according to economists polled by Reuters. Last week, the central bank surprised investors by raising interest rates half a percentage point, taking…
Nobel laureate John Goodenough, a pioneer in the development of lithium-ion batteries that today power millions of electric vehicles around the globe, died on Sunday just a month short of his 101st birthday. The American was “was a leader at the cutting edge of scientific research throughout the many decades of his career,” said Jay…
The U.S. Supreme Court on Monday ordered the dismissal of a lawsuit by a group of congressional Democrats who had sought details about a government lease for a Washington hotel covering the time when it was owned by Republican former President Donald Trump. The court acted after the lawmakers this month voluntarily dropped their 2017…
Guantanamo Bay is a site of unparalleled notoriety, defined by the systematic use of torture, and other cruel, inhuman or degrading treatment against hundreds of men brought to the site and deprived of their most fundamental rights.” Over the years, many detainees have claimed that they were detained unlawfully, denied due process, and subjected to grave…
The U.S. Supreme Court on Monday declined to hear a North Carolina public charter school’s defense of its blocked requirement that girls wear skirts – a student uniform policy that its founder explained is aimed at treating women like “fragile vessels.” Turning away an appeal by Charter Day School Inc, the justices left in place…
