Iowa Gov. Kim Reynolds signed a bill on May 26 that loosens child labor laws by allowing under 18-year-olds to work longer hours on school nights and in expanded roles, including serving alcohol in bars and restaurants. The Republican governor signed Senate File 542 after it was approved by the Legislature earlier in May with only…
Iowa Governor Signs Bill to Loosen Child Labor Laws
May 29, 2023
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Business & Marketschild laboreconomic policieseconomyGov. Kim ReynoldsIowaRegional & State NewsState NewsUSUS News
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Dollar Nudges Lower as US Debt Ceiling Deal Dents Safe-Haven Appeal
LONDON—The dollar nudged lower on Monday, pulling back from six-month peaks against the yen as a U.S. debt ceiling deal lifted risk appetite across world markets and dented the greenback’s safe-haven appeal. U.S. President Joe Biden on Sunday finalized a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling until…
Graham Criticizes Defense Spending in Debt Ceiling Deal: ‘Biggest Winner of Biden Defense Budget Is China’
May 29, 2023
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bidenBusiness & MarketsChinaChina Newscongressdebt ceilingeconomic policieseconomyLindsey grahammilitaryPoliticsRepublicansUSUS NewsUS-China relations
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Sen. Lindsey Graham (R-S.C.) warned House Speaker Kevin McCarthy (R-Calif.) that China would be the beneficiary of the U.S. defense budget proposed in the tentative debt ceiling deal. “I respect Kevin McCarthy. I want to raise the debt ceiling. It would be irresponsible not to do it. I want to control spending. I’d like to…
Oil Steady After US Debt Deal but Rate Hike Worries Linger
Oil prices were steady on Monday after U.S. leaders reached a tentative debt ceiling deal, possibly averting a default in the world’s largest economy and oil consumer, but concerns about further interest rate hikes capped gains. Brent crude futures climbed 14 cents, or 0.2 percent, to $77.09 a barrel by 0905 GMT, while U.S. West…
European Shares Lack Momentum After Debt Ceiling Deal
May 29, 2023
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Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—European stock indexes slipped slightly on Monday, lacking momentum in thin trade while optimism about the U.S. having reached a debt ceiling deal over the weekend kept Wall Street futures positive. U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal on Saturday to raise the federal government’s $31.4 trillion debt…
Australian Office Workers Still Reluctant to Return to Workplaces
Australian office workers are still returning to their workplaces three years after the COVID-19 pandemic broke out. However, the pace of return is low as many employees prefer to work from home. The Tourism and Transport Forum (TTF), a peak industry group, has released a new report shedding light on the movements of adults in…
US and Australia Drink the Kool-Aid on Climate Change
Commentary Signed bits of paper abound at international conferences. Serious-looking leaders signing their names to documents that would never pass the examination of a first-year law student abound. Statements of intent, flowing phrases, and wonderful words, which at the end of the day are neither enforceable nor meaningful, tend to go from headline to dustbin…
PwC Stands Down 9 Executives and Apologises for Tax Scandal
International consulting firm PricewaterhouseCoopers (PwC) has stood down nine employees and apologised to Australia for betraying the country after it was revealed the company used confidential federal government information to generate a product that enabled companies to avoid paying taxes in Australia. PwC Acting Chief Executive Kristin Stubbins said in a media release on May…
PwC Stands Down 9 Executives While Apologising for Tax Scandal
International consulting firm PricewaterhouseCoopers (PwC) has stood down nine employees and apologised after it was revealed the company used confidential federal government information to create a product that could help businesses avoid paying taxes in Australia. PwC Acting Chief Executive Kristin Stubbins said in a media release on May 29 that internal investigations by the…
Check the Price Tag Before Buying a Bottle of Ketchup for Your Memorial Day Barbecue
With Memorial Day approaching, Americans will be purchasing ketchup, mustard, and other condiments en masse—and inflation will play a role. A 32-ounce bottle of ketchup went from an average of $4.08 for the week of May 16, 2022, to $5.22 for the week of May 15, 2023, according to data that was compiled by Datasembly, which measures…
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