“We welcome the US administration's renewed commitment to reaching a solution to these challenges through the OECD. The end of that wait came 14 years ago today in Hamilton with a Finnish Ford one-two, and that Rally New Zealand was something of a processional event for the Focus RS 06 pair. ; May 27 Earthquake strikes Java, Indonesia at 5:53:58 AM local time (22:53:58 UTC May 26) devastating Bantul and the city of Yogyakarta, killing over 6,600 people While fuel consumption is on the rebound as governments distribute vaccines and major economies reopen, it remains depressed by lockdowns and new virus outbreaks. Since 2000, Microsoft had also put in place processes for investigating allegations and overhauled them with the goal of making them stronger, the company said.Intel Corp. Chief Executive Officer Brian Krzanich resigned after the board was informed that he had had a consensual relationship with a subordinate, even though that relationship had ended years before and predated his appointment to the top job at the company. That’s nudging many economists to cut their double-digit growth forecasts for the current fiscal year.What Bloomberg Economics Says...“Daily activity index for India has steadily declined since the last week of March, which broadly coincides with the rise in the country’s lockdown stringency levels.”-- Abhishek Gupta, India economistFor the full research, click hereThere’s “renewed uncertainty regarding the near-term economic outlook,” said economists led by Aditi Nayar at ICRA Ltd, the local rating arm of Moody’s Investors Service. Sunderland won their first home league game of … In the not-so-distant future, a majority of drivers probably won’t even own the cars they drive in, instead they may join the rising phenomenon of car subscription services. Apr 22 243 people are injured in pro-democracy protest in Nepal after Nepali security forces open fire on protesters against King Gyanendra. Data showed China’s economic activity moderated in April from its record expansion in the first quarter. That’s partly due to the coronavirus pandemic having “significantly hurt demand,” he said.The pace of Iran’s comeback may prove critical for the oil market. He had originally been been banned for two years in 2001 after testing positive for amphetamines. Strauss (left) took over when Andrew Flintoff (right) was unavailable (Rebecca Naden/PA) He lopped nearly $10,000 off the price of Bitcoin in hours last Wednesday after saying Tesla wouldn’t take it for cars. Job adverts on Adzuna jumped to 987,800 in the first week of May, up by 18% from the end of March, which was before the reopening of non-essential retailers and hospitality firms for outdoor service on April 12. “The rumors and speculation surrounding Gates’ divorce are becoming increasingly absurd.”While Gates’ dealings with Epstein weren’t a part of the scope of the Microsoft investigation, it was discussed by some board members, according to a person familiar with the matter, who asked not to be identified because the information isn’t public.Stock TransfersThe split also put a spotlight on the Gates fortune, valued at about $144 billion by the Bloomberg Billionaires Index, as well as their foundation.The Bill and Melinda Gates Foundation is the largest of its kind on the planet. That’s even as Treasury yields have climbed and a surprisingly quick jump in the nation’s factory-gate prices were seen to pose a challenge to current monetary policy. If recent confrontations in the Persian Gulf between U.S. and Iranian naval vessels escalate, it might slip away altogether.Talks could also be affected by next month’s elections in Iran, after which President Hassan Rouhani is stepping down. He returned to claim Olympic gold in 2004 in 9.85 seconds as well as 200m bronze in Athens before clinching the 100m and 200m world titles in 2005. Even the federal government has failed to achieve divestment targets for the past two years after failing to sell flag carrier Air India Ltd. and Bharat Petroleum Corp., a state-owned oil refiner. Factory output grew 9.8% in April from a year ago, in line with forecasts but slower than the 14.1% surge in March, National Bureau of Statistics data showed on Monday. Rising raw material prices was likely a constraint in some areas, as is the push to cut output in sectors like steel and coal to lower pollution.Authorities have pledged a gradual scaling back of the monetary and fiscal stimulus pumped into the economy last year, with no sharp turn in policy. And the Chancellor has made it a key priority of the UK’s G7 presidency. Although there’s no national lockdown this time to stem the deadly second wave of the pandemic, several states have imposed local movement curbs that are hurting economic activity and revenue collection. We will try to raise new sources of funds. Top Treasury officials have given a cool reception to US calls for a minimum tax. The Treasury said a fair digital tax remained “crucial” to any agreement. The Reds lifted the trophy for the seventh time with a 3-1 win on penalties after the match had finished 3-3 after 90 minutes and a goalless period of extra-time. That “may modestly constrain the indirect tax collections of those particular states.”To bridge the gap, the western Indian state of Rajasthan is planning to sell or lease out unused properties. BEIJING (Reuters) -China's factories slowed their output growth in April and retail sales significantly missed expectations as officials warned of new problems affecting the recovery in the world's second-largest economy. But they may not need to be.Difficult TalksWith Tehran and Washington still haggling to secure the best terms, a deal may take much more time. July 30, 2020, 7:57 AM. An improving economy and rising inflation are likely to pull rates higher before long. It also offers an insight into Soros’s investment firm, which is run by Chief Investment Officer Dawn Fitzpatrick.She told Bloomberg in March that she was willing to jump on dislocations in the market, investing $4 billion during the pandemic-induced swoon a year ago, including buying residential mortgages on the cheap. The latest development in Covid fighting is relatively controllable, and the fall in stock market last week should be already priced in the situation, the bourse said in a statement issued late Sunday night, adding that stabilizing measures will be adopted if the market becomes irrational.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. It was a genuine homologation special, with the road cars coming complete with a bigger turbo, water injection and dramatic aerodynamics aimed solely at improving airflow under the bonnet and generating downforce on the stages. On this day in 2006: Jason Gillespie registered highest score by night-watchman. On this day in 2006 Phil Mickelson won the Masters for the second time in three years as he finished two shots clear of nearest challenger Tim Clark at Augusta National. Aside from Musk’s antics that sent Doge and Bitcoin on wild rides, a host of other developments pushed around prices.Tether, the world’s largest stablecoin, disclosed a reserves breakdown that showed a large portion in unspecified commercial paper. Domestically, China’s recovery is broadening, with demand and small private firms on the mend. Fixed-asset investment grew 19.9% in the first four months of the year, in line with forecasts. At its peak, the family office had more than $20 billion of capital and total bets exceeding $100 billion.Hwang was wiped out in just days after investments including ViacomCBS and Discovery tumbled, triggering margin calls from global banks, who then sold the stocks in the big block trades. It recently hit a four-month low.The benchmark CSI 300 Index rose as much as 1.8%. The benchmark gauge sank 8.4% last week on concern about the impact on growth, the most since March 2020, turning Taiwan stocks into the world’s worst performers so far this month.Taipei City to Close Schools After Surge in Local CasesForced selling may add volatility to Monday’s trading, with the level of margin debt falling by a net NT$5.8 billion ($207 million) on Friday, according to exchange data compiled by Bloomberg. The 35-year-old former England captain confirmed he had … Not that Ford let that interrupt the flow of champagne. The company's recent move is more about policy than price. Gatlin appealed and an arbitration panel reduced it to four years at a hearing in December 2007. While the loose conditions could be tested by a rise in debt sales in May, the PBOC’s vow to keep cash supply ample has boosted confidence.“The PBOC will stay supportive of liquidity to ensure the supply of local government bonds can be readily absorbed, when inflation does not appear to be a major concern for the central bank,” said Frances Cheung, a rates strategist at Oversea-Chinese Banking Corp. Beijing will step up injecting short-term cash soon, she added. Those sales have been carried forward to the current year.The northern Indian state of Punjab plans to cut capital spending and instead boost health care expenditure, its Finance Minister Manpreet Singh Badal said.“States have to fend for themselves,” he said. Retail sales expanded 17.7% in the period, far slower than a projected 25% rise. Rescuers hampered by damaged roads, more rain in Indonesia. On this day in 2006, Gatlin was banned for eight years after failing a drugs test for a second time. We will look at asset sales.”The pandemic has changed states’ budgets significantly, according to the central bank. Luis Boa Morte scored as Fulham beat their west-London rivals for the first time in the Premier League It didn’t reach a conclusion to the probe because Gates had stepped down before it was completed, Microsoft said.“Microsoft received a concern in the latter half of 2019 that Bill Gates sought to initiate an intimate relationship with a company employee in the year 2000,” Microsoft said in a statement. The XR4x4 had total traction, but a rather breathless naturally aspirated V6 engine, while the RS Cosworth had a race-focused turbocharged engine. While Supreme Leader Ayatollah Ali Khamenei has so far endorsed the negotiations, Rouhani’s successor may take a harder stance against the U.S.Even if sanctions are removed, Iran faces other problems. It is reviving petroleum sales, sending more crude to emboldened Chinese buyers. Bihar, among the nation’s most impoverished provinces, estimated the gap at almost 7%.They may miss their goal of narrowing the budget gap this year. Technology shares in the Asia-Pacific Region led the advance as investors hunted for bargains following a global sell-off in the sector. Then, Gatlin appealed saying the positive test had been due to ADHD medication and the ban was lifted early. Its cautious approach to raising supplies has helped Brent crude prices climb 33% this year to almost $69 a barrel.Saudi Energy Minister Prince Abdulaziz bin Salman has signaled that the alliance will make room for Iran to boost output, as it has in the past. The Taiex was the world’s best performing equity gauge in the three years through April, surging almost 80% in U.S. dollar terms, as a seemingly never-ending rally in tech shares pulled in retail investors.“In light of rising concerns over the pandemic, we expect more volatility ahead, and advise to stick to defensive names with low P/E and high dividend yield,” said Patrick Chen, CLSA’s Head of Taiwan Research. Gates co-founded the software company in 1975 and served as its CEO until 2000, the same year his foundation was started, and was chairman until February 2014.‘An Affair’A spokeswoman for Gates said his decision to leave the board has nothing to do with the romantic involvement with an employee.“There was an affair almost 20 years ago which ended amicably,” she said, adding that his “decision to transition off the board was in no way related to this matter.”The belated investigation into the affair came at a time that was marked by a groundswell of discussion at Microsoft about the treatment of women and Me-Too conversations in the broader industry. Rishi Sunak is said to be willing to consider the measure as long as the US does not try to shut down measures to tax overseas technology giants in the UK, the Financial Times reported. Born in Springdale on May 27, 1907, Carson grew up on a … On June 8, 2006 he was officially named as skipper for the first time, having previously deputised twice for the resting Andrew Flintoff at the end of an Indian one-day tour. With the amount of hate @elonmusk is getting, I wouldn’t blame him...”The Tesla chief executive officer responded, “Indeed.”The twitter account @CryptoWhale, which calls itself a “crypto analyst” in its bio, also publishes a Medium blog on market and crypto trends.Musk has spent hours Sunday hitting back at several different users on Twitter who criticized his change of stance on Bitcoin last week, a move he said was sparked by environmental concerns over the power demands to process Bitcoin transactions. Discussions over taxing global tech giants continue at an OECD level and are likely to be a key talking point at the upcoming G7 summit. Newcastle striker Alan Shearer announced his retirement from football on this day in 2006. Mr Vagner’s ingenuity won him plaudits back home but the incident at the 22-year-old core segment of the station has laid bare Russia’s withering space dream as the country is nearing the 60th anniversary of the first human space flight. Didier Auriol’s 1988 Corsica win was the big-winged Sierra’s only success at the highest level. Henri Camara struck twice and Jimmy Bullard scored a stunner as Wigan continued their impressive season Singapore’s stock benchmark slid as much as 0.9% on Monday before erasing the loss.Taiwan’s stock exchange urged investors not to overreact. While China's exporters are enjoying strong demand, global supply chain bottlenecks and rising raw materials costs have weighed on production, cooling the blistering economic recovery from last year's COVID-19 slump. A Treasury spokesman said: “The UK has been proactive in pressing for an international solution to the tax challenges posed by digitalisation of the economy for a number of years. That’s because states account for 60% of total government spending on asset creation and infrastructure building, which drive jobs creation and consumption.In addition, provinces are having difficulty attracting foreign investors despite paying yields that are typically higher than those on federal government debt. “We will cut back on a bunch of spending that we don’t think is essential during this time. “It is not actually tremendously helpful if more tax is paid in California when it ought to be paid in the UK.” However, Mr Sunak told a Wall Street Journal conference last week that he was open to discussing the 21pc minimum tax, although it was “higher than where previous discussions were”. That eased concerns about further tightening of fiscal and monetary policies, according to Zhang Gang, a strategist with Central China Securities Co. The average gross deficit for states that presented their budgets before Covid was 2.4% of output, while after the lockdown it stood at 4.6% in the year ended in March, the Reserve Bank of India said.Uttar Pradesh, India’s most populous state, saw the gap widen to 4.17% of the state’s GDP in the year ended March 31, compared to the prescribed limit of 3%. Telangana, a southern state, is planning to sell land parcels to raise about 145 billion rupees, according to local media reports.Still, there’s no guarantee these deals will come through. Iran’s production has climbed almost 20% this year to 2.4 million barrels a day, according to data compiled by Bloomberg, though most of that oil is still used domestically.“Even if the sanctions are not removed, depending on their ability to sell oil in the gray market, they will increase their production further,” said Sara Vakhshouri, president of consultancy SVB Energy International LLC in Washington.Maintaining WellsEngineers at NIOC have been rotating crude production between different fields to maintain sufficient reservoir pressure, according to officials at the company, who asked not to be identified.