Politics

Politics

Kansas City Council Votes in Favor of Painting Black Lives Matter Street Murals

Kansas City officials on Aug. 6 adopted a resolution that would allow Black Lives Matter street murals to be painted at six locations in the Missouri city. The resolution, introduced by Kansas City Councilman Eric Bunch, will see Black Lives Matter murals painted on six streets in the city. They will be painted by local artists and volunteers with the backing of city staff and local organizations. The streets include Briarcliff Parkway and North Mulberry Drive, Baltimore Avenue and 10th Street, 18th and Vine streets, Troost Avenue and 31st Street, Brookside Boulevard and 63rd Street, and Meyer Boulevard and Troost Avenue. City Council members on Thursday voted 12-1 in favor of the resolution, saying the city “recognizes the importance and significance of the Black Lives Matter movement and desires to commemorate the message through painting street murals.” Bunch said that the legislation is a “symbolic step” and “a step forward towards helping elevate the conversation and bring mor..

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Trump Lays Out Second Term Economic Agenda in 6 Promises to US Workers

President Donald Trump, during his visit to the crucial battleground state of Ohio on Aug. 6, laid out an economic plan with six promises to U.S. workers if he is reelected for a second term in November. Addressing a crowd of workers a Whirlpool manufacturing facility in northwest Ohio, Trump unveiled his second term economic agenda as he pledged to make the United States “more prosperous and resilient than ever before.” “Today, to define our path forward, Im making our incredible workers six more promises that I will keep over the next four years, and Im very proud to make them at your plant and in the state of Ohio,” the president said. Ohio is a critical swing state that Trump won in 2016 by 8 percentage points. Polling shows a tight race with presumptive Democratic nominee Joe Biden in the state ahead of this years Nov. 3 presidential election. Trump trails the former vice president in national polls and is competing with him for blue-collar working-class voters. The president..

Politics

Facebook Bans Pro-Trump PAC From Advertising, Citing False Content

Facebook announced Thursday it is banning ads from The Committee to Defend the President, a pro-Trump super PAC, The Hill reports. A Facebook policy spokesperson, Andy Stone, said in a statement, “As a result of the Committee to Defend the Presidents repeated sharing of content determined by third-party fact-checkers to be false, they will not be permitted to advertise for a period of time on our platform.” Facebook did not say how long the ban would last. According to Fox Business, the page will lose advertising privileges for a minimum of 90 days. The advertising ban will take effect on Aug. 10, and is set to end around Nov. 1. The Committee to Defend the President has nearly 1 million followers on Facebook and has invested hundreds of thousands of dollars on ads since 2018. A statement from its Chairman Ted Harvey on Thursday claimed Facebooks fact-checkers “restrict free speech” by failing to accurately check their claims. “Facebook is determined to restrict free speech and at..

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Joe Biden Backtracks After Saying Black Communities Not As Diverse As Latino Communities

Presumptive Democratic presidential nominee Joe Biden on Thursday backtracked after he claimed “the African American community is a monolith.” “By the way, what you all know but most people dont know, unlike the African American community with notable exceptions, the Latino community is an incredibly diverse community with incredibly different attitudes about different things,” Biden said during a pre-taped interview hosted by the National Association of Hispanic Journalists and the National Association of Black Journalists. “You go to Florida, you find a very different attitude about immigration in certain places than you do when youre in Arizona. So its a very different, a very diverse community.” Bidens remarks came in response to a question from NPR reporter Lulu Garcia-Navarro regarding whether he would engage with Cuba and on the differing immigration concerns between Cuban and Venezuelan Americans. Biden did not apologize for his comments but said in a series of Twitter post..

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Brent crude reaches highest level since March this week but global demand issues set to keep lid on prices

The oil price got a midweek boost this week as US inventories fell unexpectedly, sending Brent crude to its highest since March, above US$46 a barrel. It was a mixed picture as the dollar weakened, the oil price strengthened, and US and European industry figures looked more optimistic. In Friday trading, Brent crude was down below US$45 and WTI was holding above US$41 a barrel. Derailing progress[hhmc] Despite some signs of reassuring news on the economic front, rising numbers of coronavirus cases continued to derail any progress and keep the markets nervous. The US Labour Department issued a statement that 1.8 million jobs were added to the market in June and the unemployment rate has dropped to 10.2%. It estimated that the US lost more than 22 million jobs in the pandemic fallout. The president of Prestige Economics, Jason Schenker said the recovery will take time reminding us that peak jobless claims after the great recession in 2009 was around 6.6 million a week. Currently th..

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Oracle Power progressing with Thar power project

We continue to strive to expedite progress at the Thar Block VI Project in Pakistan and are committed to achieving project milestones in as short a timeframe as practicable Naheed Memon, chief executive How it is doing Fro the past calendar year, the company booked losses of just under £1.1mln for the past calendar year, which it called “a year of significant progress”. The company also said the Thar Block VI project has been awarded priority status under the China-Pakistan Economic Corridor (CPEC) initiative within the 'Power' and 'Oil & Gas' working groups. During the year the company also welcomed a new and supportive shareholder, the private office of His Highness Sheikh Ahmed Dalmook Juma Al Maktoum. The company is now awaiting the results of its Letter of Intent application. Cash at year end was just over £400,000. In early July, Oracle also brought in £1.5mln of new capital and put in place a further £45mln financing facility with Riverfort Global..

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Proactive news headlines: Newmark Security, Adamas Finance Asia, i3 Energy, SIMEC Atlantis Energy, IQ-AI …

Newmark Security PLC (LON:NWT) has announced two new customer wins for its Human Capital Management (HCM) division in the United States, branded GT Clocks. The US business has landed a deal for its GT-4 timeclock product with one new client, a healthcare management firm which provides human resources and payroll solutions that works with more than 30,000 businesses. It is a three-year contract and has a minimum value of US$1mln over that period. The other contract win is with an existing customer to provide the company's flagship device, the GT-10, to one of the largest retailers in the US. Newmark estimates it could potentially worth US$3.8mln over the next 2-3 years. Adamas Finance Asia Limited (LON:ADAM) said portfolio company, Future Metal Holdings Limited successfully completed its Mining Licence renewal on August 6, 2020, after securing all necessary approvals from the local Ministry of Natural Resources in China. The renewed Mining Licence has a validity period of three ye..

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Ohio Gov. Mike DeWine Tests Negative For COVID-19 In Second Test

Ohio Gov. Mike DeWine has tested negative on a second COVID-19 test, just hours after announcing he had tested positive on Thursday, just before he was scheduled to greet President Donald Trump at Burke Lakefront Airport in Cleveland. As part of standard protocol, everyone who is scheduled to come into contact with the president is tested for COVID-19, the disease caused by the CCP (Chinese Communist Party) virus. DeWine and his wife Fran returned to Columbus to be tested. However, DeWines official account announced on Twitter later that evening that a second test administered in Columbus had provided negative results. First Lady Fran DeWine and staff members have also all tested negative. “A PCR test was administered to the Governor and members of his staff this afternoon. The PCR test looks for the specific RNA for the SARS CoV-2 —in other words, the genetic material specific for the virus that causes COVID-19,” the announcement said. “The PCR test is known to be extremely sensiti..

Politics

FTSE 100 makes cautious start ahead of US jobs numbers and amid international trade war worries

The FTSE 100 made a slow start to proceedings with traders keeping their powder dry ahead of US job numbers. The monthly non-farm payrolls have been on something of a roller coaster since February, making the July data hard to guess. The consensus is for 1.5mln people to have been added to Americas workforce, though the number could be half that, economists said. Closer to home, pressure is growing on chancellor Rishi Sunak to extend the furlough scheme in order to stave off mass unemployment this side of the Atlantic. The Bank of England warned on Thursday that the jobless total is likely to rise significantly between now and the end of the year, with output falling sharply in that period. Adding the uncertainty on the market was Donald Trumps move to prohibit US firms from doing business with TikTok and WeChat due to national security concerns. “Trumps growing attack on Chinese tech sent Asian stock indices lower on Friday, as the escalating tensions between the US and China al..

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Syncona portfolio company Freeline Therapeutics announces IPO

Syncona Ltd (LON:SYNC) said its portfolio firm, gene therapy group Freeline Therapeutics Holdings PLC, has announced the pricing of its initial public offering (IPO) to list on the Nasdaq Global Select Market on Friday. Freeline has priced its IPO shares at US$18 each to raise gross proceeds of around US$158.8mln (£120.8mln). Syncona said it will invest US$24.3mln (£18.5mln) in the IPO and will remain Freelines largest investor with a 49% stake in the business. READ: Syncona slips as NAV hit by Autolus share price fall[hhmc] The IPO also values Synconas stake at around £257.7mln compared to £181.5mln reported on June 30. "In the five years since Syncona founded Freeline, the company has brought multiple programmes to the clinic, with a cutting-edge manufacturing platform and expert management team”, said Chris Hollowood, Synconas chief investment officer. “Today's milestone Read More – Source [contf] [contfnew] Proactiveinvestors [contfnewc] [contfnewc]

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