Thursday, March 5

Blog

Former Fonterra chief executive Theo Spierings dies
World News

Former Fonterra chief executive Theo Spierings dies

Theo Spierings. Photo: RNZ / Dan Cook The former high-profile and controversial head of dairy co-operative Fonterra, Theo Spierings, has died. A brief statement issued through a consultancy he worked for said Spierings had died over the weekend in the Netherlands after a brief illness. "His legacy, and the impact he had on those he worked with and who knew him, will be remembered fondly." "At this difficult time, Theo's family has requested privacy. They appreciate the outpouring of love and support from around the world during this sad time." Spierings was involved in many high-profile moments for the company. Photo: RNZ Spierings, a 30-year veteran of the dairy industry in Europe and New Zealand, had returned to Holland after his resignation from Fonterra in 2018. He was appoint...
Silver is breaking out and has potential to outperform gold ahead, says Katie Stockton
Business

Silver is breaking out and has potential to outperform gold ahead, says Katie Stockton

The precious metals complex has seen strong performance this year, with gold returning 32% year-to-date and silver returning nearly 40%. Long-term bullish trends are intact for each commodity, but silver looks more actionable in the near term from a technical perspective. While silver has produced strong returns this year, it does not appear overextended when looking at the monthly chart of the iShares Silver Trust (SLV) , which shows a secular turnaround. Long-term momentum is positive and expanding per the monthly MACD and histogram as silver pushes to its highest level since 2013. Next resistance for SLV is not until a long-term Fibonacci level near $34.00, which is a 61.8% retracement of the downtrend from 2011 to 2020. Zooming in on the weekly chart, SLV has broken out from a six-mont...
English Rugby Union unveils plans for non-contact version of game
World News

English Rugby Union unveils plans for non-contact version of game

A non-contact version of rugby is hoping to stem the number of people leaving the sport over head injury concerns. Photo: Joseph Johnson England's Rugby Football Union (RFU) has announced plans to introduce a non-contact version of the game in schools with the aim of halting a decline in youth participation. An independent review commissioned by the national governing body "found evidence of decline in a number of schools with strong rugby traditions - driven by concern about injury and a widespread view amongst schools not playing rugby that it is a difficult game to introduce". Head injuries have become a major issue within the sport in recent years, with a group of former players currently involved in legal action against World Rugby and other governing bodies. The individuals allege...
Prepare your portfolio for a possible tax code shakeup: Bank of America
Business

Prepare your portfolio for a possible tax code shakeup: Bank of America

Time is running out for a set of money-saving provisions in the tax code, and now is a good time to get your portfolio in order and minimize levies, according to Bank of America. The Tax Cuts and Jobs Act (TCJA), which took effect in the beginning of 2018, overhauled the federal tax code. It roughly doubled the standard deduction, adjusted individual income tax brackets , lowered most of the rates and applied a $10,000 cap on the state and local tax deduction. Unless Congress acts, a slate of provisions in the legislation will sunset at the end of 2025, which could rattle taxpayers. "TCJA expiration may mark the largest tax increase in history, worth $4.6 [trillion]," wrote Jared Woodard, investment and ETF strategist at Bank of America, noting that the aggregate tax burden on U.S. househo...
British PM defends King Charles after Lidia Thorpe’s protest makes headlines
World News

British PM defends King Charles after Lidia Thorpe’s protest makes headlines

By Riley Stuart, ABC British Prime Minister Sir Keir Starmer has praised King Charles III, saying he was doing a "fantastic job", after the monarch was heckled by independent senator Lidia Thorpe. Australian Senator Lidia Thorpe disrupts proceedings as Britain's King Charles III and Queen Camilla attend a reception at Parliament House, 21 October, 2024. Photo: Lukas Coch / ABC Senator Thorpe's protest, which involved her shouting at the royal, who had just delivered a speech at an event in Canberra, made global headlines. The Gunnai, Gunditjmara and Djab Wurrung woman yelled "you are not our king" and "this is not your land" at the king before striding towards the stage in The Great Hall at Parliament House and continuing: "You committed genocide against our people. Give us our land ...
Biden student loan payment pause extended for SAVE borrowers
Business

Biden student loan payment pause extended for SAVE borrowers

U.S. President Joe Biden speaks as he announces a new plan for federal student loan relief during a visit to Madison Area Technical College Truax Campus, in Madison, Wisconsin, U.S, April 8, 2024.Kevin Lamarque | ReutersFederal student loan payments for some 8 million borrowers will remain on pause for six months or longer, a spokesperson for the U.S. Department of Education said. The development on Monday comes as the Biden administration has been dragged into a slew of legal battles waged by Republicans over its recent student loan relief efforts. The borrowers who are excused from their monthly payments are those enrolled in the Biden administration's new SAVE plan. SAVE enrollees will be placed in an interest-free general forbearance, the Education Department spokesperson said.A federa...
UK police officer cleared of murder of black man
World News

UK police officer cleared of murder of black man

A Met Police officer. Photo: 123RF By Sam Tobin, Reuters A British police officer has been acquitted of the murder of a Black man he shot dead in London two years ago, an incident that led to large protests and anger among the capital's Black community. Martyn Blake, 40, had pleaded "not guilty" to the murder of Chris Kaba, who was unarmed and died from a single gunshot to the head in south London on 5 September, 2022. Blake had shot Kaba through the windscreen after he tried to drive his car, which had been linked to a reported shooting the previous evening, away from police vehicles that had boxed him in. The head of London's Metropolitan police force, Mark Rowley, said Blake had made a split-second decision. "Any fatal use of force understandably prompts huge concern among communitie...
CBC head pressed by MPs over billing $6K for Paris Olympics stay – National
Politics

CBC head pressed by MPs over billing $6K for Paris Olympics stay – National

The head of the Canadian Broadcasting Corp. is facing scrutiny from members of a House of Commons committee for her roughly $6,000 worth of travel and hotel expenses at the Paris Olympics this past summer. Catherine Tait, CBC president and chief executive officer, was pressed by MPs on the standing committee on Canadian heritage on Monday about her trip to France, which included a four-night stay at a five-star hotel in Paris.Tait told the committee she was in France on a “personal trip” during the Olympic Games, but during that time she was also working for CBC/Radio-Canada, which was the official broadcaster of the Games in Canada.Tait dismissed claims that she charged tax payers for her personal trip.“I made it very clear why I was in Paris as CEO at the Olympic Games, one of the most i...
Stocks making the biggest moves midday: BA, UPS, CI, WRBY
Business

Stocks making the biggest moves midday: BA, UPS, CI, WRBY

Check out the companies making headlines in midday trading: Boeing — The stock climbed 3%. The aircraft maker reached a new contract proposal with its machinists' union, which could end a strike that has been going on for more than a month. The ratification vote is set for Wednesday. Warby Parker — The eyeglass maker and retailer gained nearly 6% after Goldman Sachs upgraded shares to a buy from a neutral rating , saying its margin growth potential and solid fundamentals support its "somewhat elevated" valuation. Cigna — The insurer's stock slid more than 4% after Bloomberg reported, citing people familiar with the matter, that Cigna has reignited merger discussions with Humana. Bloomberg's sources said the talks are still in early stages. Humana shares were also marginally lower on the he...
‘Central Park Five’ members sue Trump for defamation after debate comments
World News

‘Central Park Five’ members sue Trump for defamation after debate comments

Activist Korey Wise (C) speaks on stage as representatives from the Central Park Five, (L-R) Activist Kevin Richardson, New York City Council Member Dr. Yusef Salaam, and Activist Raymond Santana, along with Rev. Al Sharpton (2nd-R) look on during the final day of the Democratic National Convention at the United Center on 22 August, 2024, in Chicago, Illinois. Photo: ANDREW HARNIK / AFP By Devan Cole, CNN Members of the 'Central Park Five' sued former President Donald Trump on Monday over "false and defamatory" statements they allege he made about their 1989 case during a presidential debate last month. The five men claim in a federal lawsuit that Trump knew he was acting with "reckless disregard" for the truth when he said during the September debate with Vice President Kamala Harris t...