Most Thais Back PM’s Plan to Reclassify Cannabis as Drug: Survey
The majority of Thais support Prime Minister Srettha Thavisin’s plan to reclassify cannabis as a narcotic and limit its use to medical purposes, according to a survey.
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The majority of Thais support Prime Minister Srettha Thavisin’s plan to reclassify cannabis as a narcotic and limit its use to medical purposes, according to a survey.
Vietnam nominated the enforcer of Communist Party’s anti-corruption drive as the next president and proposed a new head of parliament, in appointments that could ease months of political turmoil and allow policymakers to refocus on a struggling economy.
The Philippines is investigating the alleged recording by the Chinese Embassy in Manila of a phone call with a local military official in which an agreement was said to be reached in the countries’ dispute over territory in the South China Sea.
Mexico’s power grid operator Cenace declared an operational state of alert on Saturday, indicating the system’s available power is lagging below adequate levels.
Singapore’s government is closely tracking a new wave of Covid-19 infections in the island-nation after the estimated count of weekly cases nearly doubled in the week ended May 11.
President Joe Biden told party loyalists in Georgia that they’re critical to his reelection, signaling the state’s importance as he steps up efforts to reach Black voters.
Anthony O’Reilly, the Dublin native who became chief executive officer of ketchup maker H.J. Heinz Co. and once one of Ireland’s richest men, has died. He was 88.
Venezuelan President Nicolas Maduro issued a decree setting a 9% tax on private companies for the creation of a state-run pension fund.
Benny Gantz, an Israeli opposition leader in the country’s three-man war cabinet, said Saturday that if Prime Minister Benjamin Netanyahu doesn’t offer a new plan to bring back hostages and end Hamas rule in Gaza by June 8, he’ll leave the government.
Some executives of clothing maker Gildan Activewear Inc. are urging investors to support an activist shareholder that’s trying to win control of the board and reinstate fired Chief Executive Officer Glenn Chamandy.
Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy.
Big US bond investors have been aggressively shifting money into long-dated notes, betting that the unloved asset class will be one of the winners from eventual interest rate cuts.
A China-bound oil tanker in the Red Sea was struck and temporarily disabled by a ballistic anti-ship missile fired by Houthi militants, the US Central Command said.
Police removed protesters who were attempting to occupy buildings at the University of Pennsylvania and University of Chicago Friday night, as tensions over the Israel-Hamas war once again flared up across college campuses.
Inter Milan’s owner says its creditor Oaktree Capital Management has lacked “meaningful engagement” to find a solution for the Italian football club’s looming debt obligations.
The meme-stock revival was over almost as quickly as it began.
China is prepared to take countermeasures against the European Union if it continues a series of anti-subsidy investigations into Chinese companies, according to a post on a state-media affiliated social media account.
Zimbabwe will get over half of an expected $60 million insurance pay out meant for four African nations as it reels from the impact of El Niño-induced drought that’s already slashed corn output and led to a state of disaster being declared.
Goswami Infratech Pvt has sweetened an offer to bondholders as it seeks more time for a payment due in May, according to a letter from the company to the bond’s trustee.
Italy’s financial police seized dozens of Fiat Topolinos which they said carried the national flag on units actually assembled in Morocco, in the latest fight between Giorgia Meloni’s government and the carmaker.
A Russian court has frozen the local assets of Germany’s Deutsche Bank AG and Commerzbank AG, and Italy’s UniCredit SpA under lawsuits totaling over €1 billion ($1.09 billion) filed by a Gazprom PJSC venture.
Indian authorities have so far seized 88.9 billion rupees ($1.1 billion) worth of illicit money, drugs and other goods in its crackdown on illegal vote inducements in India’s six-week election, the country’s Election Commission said Saturday.
Slovak Prime Minister Robert Fico’s condition remains serious but the most recent surgery helped to bring it closer to a “positive prognosis,” a minister said on Saturday.
Federal Reserve Chair Jerome Powell tested positive for Covid-19 late Thursday, a Fed spokesperson said in a statement.
Zimbabwe’s FBC Holdings Ltd. has completed the acquisition of Standard Chartered Plc’s business in the southern African country.
From New York to London to Tokyo, if there’s one similarity among the world’s equity markets it’s this: record highs.
Now that Corporate America’s earnings season is drawing to a close, the takeaway is clear: A broad swath of companies say the worst of last year’s profit pain is over.
Pak Ethanol Pvt. said a consortium it’s leading to buy a majority stake in Pakistan’s flagship air carrier includes several global aviation firms.
With time running out on its $43 billion pursuit of Anglo American Plc, BHP Group faces a critical question: what would it take to draw the smaller company to the negotiating table within the next few days?
Poland outlined a 10-billion zloty ($2.55 billion) investment in strengthening its borders with Russia and Belarus to deter potential aggression.
China said its minister for agriculture and rural affairs is under investigation by the anti-graft agency for “serious violations” of the law, the latest high-level government official to be probed for alleged wrongdoing.
Oleksandr Usyk used an app he co-founded to find sparring partners to prep for title bout against Tyson Fury.
A measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year.
Munich Airport was closed for some hours early Saturday after climate activists accessed the runway as part of a campaign calling for more government action against greenhouse emissions.
Visa problems and a cooling labor market are the latest obstacles to getting and keeping jobs.
India’s Election Commission on Friday raised voter turnout figures for the latest phase of polling, even as the government body draws scrutiny from opposition figures and other groups.
Just about every chief executive who has run Burberry Group Plc has characterized the maker of the pricey trench coats with checked linings as the best of British luxury.
Mercedes-Benz Group AG employees in Alabama voted against joining the United Auto Workers, a major blow to the union’s recently reinvigorated efforts to grow its ranks.
Nippon Steel Corp. is stepping up efforts to win over US workers and politicians for its $14.1 billion takeover of United States Steel Corp. despite stiff opposition from union leaders and the Biden administration.
Of the five goals Rishi Sunak set for himself at the start of 2023, he met just one — halving inflation by the end of last year. On Wednesday, he may be able to go further and declare victory over the cost-of-living crisis, with the consumer price growth forecast to drop to near the 2% target and hit its lowest level since July 2021.
Europe’s shrinking population has long raised concerns about its economic prospects. Governments are seriously worried about it. Elon Musk has raised alarm about the trend. But for some, it’s turning into big business.
A senior Apple Inc. executive told a US judge that the iPhone maker’s new 27% fee on purchases made outside its App Store are a good-faith attempt to comply with the law.
The Philippines will purchase five patrol vessels from Japan amid growing tensions in the South China Sea.
Stocks of Indian firms that earn a large chunk of their revenues from the nation’s hinterland are showing signs of a revival, as traders bet that bountiful monsoon rains will lead to better crop yields and boost rural demand.
Bankrupt crypto lender Genesis Global Capital won court approval of its plan to distribute billions of dollars in digital assets and cash to creditors, defeating a legal challenge brought by its corporate parent Digital Currency Group.
Rapper Bad Bunny’s sports agency, Rimas Sports, is suing the Major League Baseball Players Association for tortiously trying to put the agency out of business.
Argentine President Javier Milei is planning to meet with Meta Platforms Inc. CEO Mark Zuckerberg and other leaders of tech giants in Silicon Valley at the end of May, people with direct knowledge said.
Spot silver surpassed $30 an ounce to hit the highest level in more than a decade.
Expedia Group Inc. said its chief technology officer and a senior engineering leader were fired due to “a violation of company policy,” just days after the online travel firm’s annual product and partner conference.
Corinthia Global Management, the upstart private credit manager that poached more than 20 employees from Barings in March, has asked a judge to dismiss the asset manager’s lawsuit against it.
H.I.G. Capital-backed Pixelle Specialty Solutions LLC and some of its lenders have entered into confidential talks to hammer out a deal that would ease the paper company’s liquidity strain, according to people with knowledge of the situation.
Scientists have detected an increase since the 1980s in what are known as straight-line winds, and climate change is playing a role.
Emerging-market currencies dipped Friday on dwindling optimism over Federal Reserve rate cuts, paring their fourth-straight week of gains.
Scottie Scheffler, the world’s top-ranked golfer, was arrested Friday on his way to the PGA Championship after he tried to drive into Valhalla Golf Club following an unrelated fatal traffic accident.
Traders are the least concerned about wild stock market swings since before the Covid-19 pandemic, according to a key gauge of options values.
Companies flooded the asset-backed securities market with offerings this week, selling the most bonds this year as they looked to borrow before inflation reports added extra uncertainty to markets.
Traders are keeping a close eye on flows into equities from the retail crowd as stocks hover near record highs and meme stocks popped and then fizzled this week.
Boeing Co.’s first crewed spaceflight using its Starliner craft has been delayed for a third time this month due to repairs on a helium leak on the vehicle.
Citigroup Inc. was accused in a lawsuit of racial discrimination for its policy of waiving ATM fees for customers of minority-owned banks.
The New York grid is forecasting that peak power demand for the state will increase 10% this summer after unusually mild weather last year.
A US company has become the world’s most valuable solar manufacturer for the first time since 2018, as Chinese rivals suffer from a profit-slashing price war and an onslaught of trade barriers erected by Washington.
China-based ByteDance Ltd. asked an appeals court to speed up its lawsuit challenging a US law that would force it to sell the TikTok video-sharing app or face a ban.
Coastal GasLink LP, a pipeline project in Western Canada, is talking to investors about a possible jumbo high-grade bond sale, according to people familiar with the matter.
The gulf between interest rates in the US and Japan means traders are still betting against the yen — even after authorities likely intervened in recent weeks to prop up the beleaguered currency.
Bank of New York Mellon Corp., the longest operating company in New York, the oldest member of the S&P 500 and the first stock listed on the New York Stock Exchange, is doubling down on AI to help drive its expansion, according to its chief executive officer.
GameStop Corp. tumbled after filings opened the door for it to sell more equity, furthering a rout that erased most of the meme-fueled rally that had sent the stock soaring 271% at the start of the week.
Ivory Coast’s sovereign credit rating was affirmed by S&P Global Ratings after a eurobond sale earlier this year bolstered its finances.
To Wall Street’s old guard, it had seemed inevitable. Once bonds started offering decent payouts again, people would lose the taste for risk that flourished when rates were zero.
A 25-year-old Bank of America Corp. credit trader died suddenly on Thursday night.
Croatian lawmakers approved a coalition government that gives Prime Minister Andrej Plenkovic a third term after he made a deal to include a right-wing nationalist party known for anti-immigration rhetoric.
Ukraine’s drone strikes on Russian energy infrastructure earlier this year disrupted 14% of the country’s oil refining capacity and drove up domestic fuel prices, but had minimal impact on electricity output, the Pentagon’s intelligence agency said.
The owner of a historic office building in Manhattan’s Financial District has filed bankruptcy to sell the property, which has been subject to foreclosure and suffered from a lack of tenants due to the Covid-19 pandemic.
“Superalignment” group will be folded into broader research efforts at the company.
Deutsche Bank AG has entered a capital-relief deal with the European Investment Bank that allows the German lender to grant discounts on more than €600 million ($652 million) of green mortgages in its home market.
The Federal Reserve on Friday rejected a bank industry group’s request to revise how regulators evaluate and rate lenders.
A judge cleared the way for final offers for Citgo Petroleum Corp.’s US parent, denying objections from Venezuela’s state-owned oil company to the bidding process for the oil refiner’s court-ordered sale.
Uruguay’s first initial public offering under streamlined regulations introduced two years ago is expected to launch in late June, testing investor appetite for the South American country’s tech sector.
The union representing Hollywood laborers said talks with studios on a new contract for 45,000 stagehands, editors and other film and TV workers, mostly in Los Angeles, will resume in early June.
Banco de Sabadell SA’s second-largest investor supports the hostile takeover proposal made by rival Banco Bilbao Vizcaya Argentaria SA, giving a boost to a bid that could transform Spanish banking.
American Express Co. is launching its first business credit card in Nigeria in partnership with local neobank O3 Capital, potentially improving access to dollars in the West African nation.
Barclays Capital’s strategists, some of Wall Street’s biggest bond-market bears, ditched their recommendation to bet against 10-year US Treasuries, saying a shift in positioning after the recent rally will likely curb any rise in yields.
Kedaara Capital has broken the mold for Indian private equity firms, raising a record $1.7 billion to put it on par with the deep-pocketed global players that have dominated the space for years.
Investment companies hoping to launch the first exchange-traded funds based on the Ether cryptocurrency are bracing for disappointment since the Securities and Exchange Commission has yet to signal it’s prepared to green light the products.
VSCO, the photo-editing and social media app, is now profitable and has amassed a user base of 200 million sign-ups worldwide, the company said Friday. VSCO is also launching a new product called VSCO Hub, a marketplace to connect content creators with brands looking to sign partnership deals.
Telefonica SA and H.I.G. Capital are among the suitors weighing bids for Avatel Telecom SL, the Spanish carrier that put itself up for sale this year, people with knowledge of the matter said.
Sports Illustrated Tickets has brought on football legend Drew Brees as an investor in its business as the magazine brand looks to grab market share.
Venezuelan leader Nicolás Maduro is convinced he can win July’s presidential elections without resorting to fraud.
A unit of Abu Dhabi’s Mubadala Investment Co. said it anticipated a roughly $315 million credit hit related to loans issued to the now-insolvent Signa real estate conglomerate.
The intense heat likely to hit India over the next few days will be exacerbated by climate change, according to a research group.
South Bend, Indiana, is typically synonymous with Notre Dame football. But next week, baseball grabs the spotlight as the South Bend Redevelopment Authority sells $41.7 million in lease rental bonds to refurbish the Four Winds Field at Coveleski Stadium, home of the Chicago Cubs’ High-A affiliate.
The UK government is continuing to resist stepping in to help Thames Water, despite its rapidly deteriorating financial situation.
D.E. Shaw & Co., one of the top 15 shareholders in Hess Corp., plans to abstain from voting on the oil company’s $53 billion takeover by Chevron Corp., becoming the second major investor this week to come out against the deal.
Uruguay’s antitrust agency has blocked Minerva SA’s proposed acquisition of three meatpacking plants owned by Marfrig Global Foods SA in the South American country, newspapers El Pais and El Observador reported Friday, citing unnamed government sources.
Millions of Colombians will need to pay two new fees on their pension savings according to latest draft of the pension bill sent to the Lower House on Friday.
Venezuela’s government backtracked on a deal to allow six aides to opposition leader María Corina Machado to seek asylum in Argentina, according to people with direct knowledge of the matter.
The actor-director, whose short film Moi Aussi debuted at the film festival, is forcing France to reckon with sexual assault
Robinhood Markets Inc. shares are on track for their best week of the year as meme stock mania grips the markets. The jump has even long-time bears at Bank of America Corp. taking notice.
European Central Bank Governing Council member Bostjan Vasle said next month is probably the appropriate moment to begin lowering interest rates and that he’s keeping an open mind on what to do after that.
Ecuador’s Prosecutor General Diana Salazar released a video announcing a pregnancy late Thursday, leading a congressional committee to cite women’s rights and block an effort to impeach her.
Still, New York’s May auctions saw more than $1.3 billion worth of art change hands.