Prices of new US homes hit record high as sales fall unexpectedly

Sales of new homes in the US fell unexpectedly last month, while prices broke a new record. Sales of new single-family homes in the United States fell last month while prices continued to spike to record highs, with eager house hunters vying to become homeowners in a seller’s market. Sales of newly constructed single-family homes […]

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Global watchdog to tackle greenwashing with ESG ratings guidance

A global securities watchdog plans to publish its first regulatory guidance for firms that rate corporate environment, social and governance (ESG) performance. A global securities watchdog plans to publish its first regulatory guidance for raters of corporate environmental, social and governance (ESG) performance in July to stem growing concern among asset managers about overstated green […]

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US defence chief backs change in military sex assault cases

In a major shift, US Defense Secretary Lloyd Austin said he backed removing the prosecution of sexual assault and other related crimes from the military’s chain of command, allowing instead for independent lawyers to try those cases. Advocates and lawmakers have been calling for years for the military commanders to be taken out of the […]

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Eric Adams on top in New York City mayoral primary – for now

Brooklyn Borough President Eric Adams, a former police captain who put public safety at the centre of his campaign for New York City mayor, was leading a field of 13 Democratic candidates in Tuesday’s primary election, though the outcome is unlikely to be known for weeks. With 90 percent of the in-person votes counted, Adams […]

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Crypto comeback: Bitcoin bounces back after falling below $30,000

Bitcoin is living up to its volatile reputation after fighting back above $30,000. By Lynn Thomasson and Yakob PeterseilBloomberg Bitcoin is fighting back from its latest downslide that stoked fears of a mass liquidation after the world’s largest token broke below $30,000. The virtual currency rose as much as 5.8% to $33,821 in Wednesday trading — […]

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Warren Buffet resigns from Bill and Melinda Gates Foundation

Buffet’s resignation comes just weeks after Bill and Melinda Gates announced they are divorcing. Warren Buffett is resigning as a trustee from the Bill and Melinda Gates Foundation. The announcement comes weeks after Bill and Melinda Gates announced that they were divorcing after 27 years of marriage but would continue to jointly run the foundation, […]

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Aid to Palestinians promised by US blocked by Republican senator

A key United States senator is blocking $50m in economic assistance to the Palestinians, undercutting promises of help by Secretary of State Antony Blinken after Israel’s bombing of Gaza in May and delaying the much-needed reconstruction of water resources and roads. Last month, Republican Senator James Risch placed a hold on the funding, already approved […]

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