Romanian teachers strike over low wages By Reuters

BUCHAREST (Reuters) – Romanian teachers went on strike on Monday for the first time since 2005 over wage increases after last-minute negotiations with the coalition government fell through. A new teacher in Romania earns just under 2,400 lei ($537) per month, not much more than half of the national average monthly take-home pay of 4,554 lei ($1,019). More than 150,000 teachers and other school…

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Shearman/A&O: legal mega-merger would be more hugging than hugging

Mergers of large law firms usually seem ominous. Despite the proclamations of hope, the feeling can be that neither side really wants to be there. Shearman & Sterling of the US and Allen & Overy, a British “Magic Circle” firm, plan to merge, creating one of the world’s largest legal firms. It would have more than $3 billion in annual revenue based on 2022 results. As formidable as that sounds,…

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Adani shares are rising, heading for the best day since the Hindenburg report

(Bloomberg) — Shares of the Adani Group rallied Monday, boosting gains on the back of an Indian court’s report that found no conclusive evidence of stock price manipulation, as alleged by U.S. short seller Hindenburg Research. Most read from Bloomberg The 10 Adani stocks have added about $10 billion to their market value so far in today’s session, poised to be the biggest increase since…

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European equities are weakening as US debt ceiling talks resume

European stocks opened slightly lower on Monday as investors balanced caution about the US debt ceiling with the possibility that the Federal Reserve could soon halt its monetary tightening campaign. Europe’s region-wide Stoxx 600 fell 0.1 percent, ending last week’s rally, while France’s Cac 40 and Germany’s Dax each lost 0.2 percent at market open. Washington policymakers renewed negotiations…

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How can I buy life insurance for my parents?

can i get life insurance for my parents You may want to purchase a life insurance policy that will cover your parents and name you as a beneficiary if you expect a significant financial impact from their death. Insuring a parent’s life can pay for funeral expenses, finance an inheritance, support a charity, cover children’s school costs, and even support a surviving parent after one dies.…

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CEO of Morgan Stanley, one of the last of the era of the great financial crisis, is stepping down

James Gorman, CEO of Morgan Stanley (MS), is leaving as one of the last top banking executives of the Great Financial Crisis era to step down. Gorman said on Friday that he plans to step down as CEO of Morgan Stanley within the next 12 months, a position he started in early 2010. He revived the bank into an asset management giant after it nearly collapsed during the 2008-2009 crisis. Gorman’s…

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Britain cuts stake in NatWest with $1.6 billion share sale by Reuters

©Reuters. FILE PHOTO: Signage at a NatWest bank branch in central London, May 21, 2008. REUTERS/Luke MacGregor LONDON (Reuters) – British state-backed bank NatWest has agreed to buy back £1.3bn ($1.6bn) worth of shares from the government as it returns 15 years after its bailout in the global financial crisis moves closer to private ownership . The deal reduces the government’s stake in the…

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China urges US to meet it halfway, put ties back on track By Reuters

©Reuters. FILE PHOTO: American and Chinese flags are featured in this illustration, taken January 30, 2023. REUTERS/Dado Ruvic/Illustration/File Photo BEIJING (Reuters) – China’s foreign ministry on Monday urged the United States to have the right understanding of China, meet it halfway and get bilateral relations back on track. Mao Ning, a ministry spokesman, made the remarks in response to US…

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Ordinals sends LTC and DOGE network activity through Cointelegraph for 3 consecutive weeks

What started with developer Casey Rodarmor creating the ordinal numbers protocol to display text and images on the (BTC) network has now made its way to (LTC) And (U.S. dollar), causing transaction volume on those chains to skyrocket for the better part of a month. Recent network activity on Litecoin and Dogecoin networks. Source: BitInfoCharts On May 18, Dogecoin hit a new transaction volume…

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Australian stocks lower at end of trade; S&P/ASX 200 down 0.22% by Investing.com

©Reuters. Australian stocks lower at end of trade; S&P/ASX 200 down 0.22% Investing.com – Australian stocks were lower after the close on Monday, as losses in the , and sectors drove shares lower. Shares fell 0.22% at the close in Sydney. The best performers for the session were St Barbara Ltd (ASX:), which was up 3.42%, or 0.02 points, to trade at 0.61 at the close. In the meantime, nanosonics…

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India's domestic demand is strong, but external pressures remain

©Reuters. FILE PHOTO: Workers work at the construction site of a commercial building in New Delhi, India, December 13, 2022. REUTERS/Anushree Fadnavis MUMBAI (Reuters) – India’s economy could see risks to growth and inflation due to challenges in the country’s external sector and weather-related uncertainties, but domestic demand remains strong, the finance ministry said on Monday. Going…

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Yen set to hurt investors' bullish beliefs more

(Bloomberg) — Things could get even worse for Japanese currency bulls after the yen reached its lowest level against the greenback this year and traders are all but canceling their bets on a central bank policy change. Most read from Bloomberg The yen closed at 137.98 per US dollar on Friday and has weakened more than 5% this year. The breakout of support from the Japanese currency in December…

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Bitcoin, Ether fall; Tron is trading higher; Investors understand the implications of the G7 and the US debt ceiling

Bitcoin fell below $27,000 on Sunday, before falling further in Asia on Monday morning, as broader macro developments continue to weigh in. With the exception of Tron, which traded higher Monday morning, all other top 10 non-stablecoin cryptocurrencies fell. As the Group of Seven summit in Japan concluded on Sunday, investors continued to ponder the implications of the US debt ceiling…

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Japanese inventories higher at end of trade; Nikkei 225 up 0.90% by Investing.com

©Reuters. Japanese inventories higher at end of trade; Nikkei 225 up 0.90% Investing.com – Japanese stocks were higher after the close on Monday, as gains in the , and sectors pushed stocks higher. At the close in Tokyo, the share price rose 0.90%, reaching a new 5-year high. The best session artists in the world Fujikura Ltd. (TYO:), which rose 7.58% or 73.00 points to trade at 1,036.00 at the…

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Vodafone's new CEO faces difficult calls to reconnect with investors. By Reuters

2/2 ©Reuters. FILE PHOTO: The Vodafone logo is seen at the 2023 Mobile World Congress (MWC) in Barcelona, ​​​​​​Spain, February 27, 2023. REUTERS/Nacho Doce/File Photo 2/2 By Kate Holton LONDON (Reuters) – When Vodafone (NASDAQ: ) named Margherita Della Valle as CEO last month, investors took a wait-and-see approach to see if the company’s veteran was the right person to lift it out of a deep…

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Nvidia breaks down at Intel, AMD grass in supercomputers By Reuters

©Reuters. FILE PHOTO: Technology company Nvidia’s logo is seen at its corporate headquarters in Santa Clara, California, Feb. 11, 2015. REUTERS/Robert Galbraith By Stephen Nellis (Reuters) – Nvidia (NASDAQ:) Corp said on Monday it has teamed up with Britain’s University of Bristol to build a new supercomputer with a new Nvidia chip that could compete with Intel Corporation (NASDAQ:) and Advanced…

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After no outright victory, Greek prime minister gets mandate for coalition By Reuters

©Reuters. Greek Prime Minister and leader of the conservative New Democracy party, Kyriakos Mitsotakis, speaks outside the party’s headquarters, after the general election, in Athens, Greece, May 21, 2023. REUTERS/Louiza Vradi ATHENS (Reuters) – Greek Prime Minister Kyriakos Mitsotakis was set to receive an official mandate on Monday to attempt to form a coalition government after failing to…

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