Author: Press Room

A 17-year-old migrant child from Honduras who arrived in the U.S. without a parent or guardian has died in government custody in Florida, officials said Friday, in what is believed to be the first such death in years. Enrique Reina, the Honduran secretary of foreign affairs, identified the child as Ángel Eduardo Maradiaga Espinoza and called for an “exhaustive investigation” into his death. Reina said the child was being held at a shelter used to house unaccompanied children in Safety Harbor, Florida, a small city west of Tampa.The U.S. Department of Health and Human Services (HHS) acknowledged the death in a…

Treasury Secretary Janet L. Yellen on Thursday downplayed the possibility that President Biden could essentially ignore the debt limit by invoking the 14th Amendment, calling the idea “legally questionable.”Her comments come as lawmakers and the Biden administration remain locked in a standoff over whether and how to raise the debt ceiling, which caps how much money the federal government can borrow. Ms. Yellen warned lawmakers last week that the United States could run out of money to pay its bills on time by June 1.Mr. Biden is scheduled to meet with top congressional leaders again on Friday, after an initial…

Blockchain for data company Flare announced on Friday a new strategic partnership with Rationarium, the world’s first full-stack cloud enterprise solution provider for web3.  This collaboration will result in an advanced enterprise resource planning (ERP) solution, offering an array of cutting-edge features to enhance operational efficiency and financial management within the web3 ecosystem. Rationarium specializes in assisting web3 and blockchain companies by consolidating both off-chain and on-chain transactions into a unified ledger. Its crypto-native ERP solution includes customizable accounting and tax modules, empowering clients to tweek the software according to their specific requirements. Flare to integrate Rationarium’s solutions As part…

Hello and welcome to the latest edition of the Cryptofinance newsletter. This week we’re reviewing the FT’s Crypto and Digital Assets Summit.What a difference a year makes. This week the FT hosted its second annual crypto summit, a chance to take stock and to anticipate the latest trends. What stood out was just how much attitudes and expectations had evolved in 12 months.Last April, at the FT’s inaugural summit, the industry’s evangelists and enthusiasts came ready to preach the promise of crypto, buoyed by Super Bowl ads and pricey NFTs. It turned out to be very height of the market.Weeks…

The outgoing chief of France’s Société Générale’s has dismissed the risk of US banking turmoil spreading to Europe, arguing the region’s tougher regulation was a “fundamental contrast” that helped shield the sector. Frédéric Oudéa, who is stepping down this month after 15 years at the helm of the bank, said he was “confident the European banking sector would continue to be extremely solid in the coming quarters”. In the US, he added: “I think that turbulence could continue.”“You have a lot of smaller and medium-sized banks [in the US] that are not regulated in the same way as in the…

Shiba Inu. Source: Adobe81% of Shiba Inu (SHIB) investors are now in the red, with the world’s second most popular meme coin having largely failed to emulate the bull market seen in other major cryptocurrencies like Bitcoin and Ethereum this year.That’s according to data from IntoTheBlock, whose summary of six on-chain and exchange signals is “mostly bearish”, with four bearish, one neutral and only one bullish.SHIB/USD was last changing hands around $0.0000086, down around 45% from earlier yearly highs in the $0.000016 area, with yearly gains eroded to now only around 10%.Shiba Inu’s losses have been cascading in recent days…

Why It Matters: The sharp decline is a victory.The W.H.O.’s declaration is an acknowledgment that the world successfully managed an international outbreak even while still reeling from the Covid-19 pandemic.The initial response to the outbreak sputtered, much as it did when Covid began to spread. But most countries were able to quell their epidemics with a combination of vaccination and behavioral changes among affected communities.Mpox was the W.H.O.’s second global emergency in two years, and the seventh since 2007. The organization lifted the designation for Covid last week, a momentous if largely symbolic milestone.Background: Mpox caught the world by surprise.In…

These are the stocks posting the largest moves before the bell.

A mother and daughter have touched millions of hearts on TikTok after one immediately made the trip to see the other who just received a cancer diagnosis.Maria Karpinska, 88, traveled over six hours to see her daughter, Elizabeth Pawlak, 64, who had recently learned she had stomach cancer. The moment when Karpinska walked through the hospital room door was captured on video by her granddaughter, Estera Pawlak (daughter of Elizabeth Pawlak).MOTHER’S DAY: THE BEST ONE-LINERS AND LIFE ADVICE I’VE EVER GOTTEN FROM MOM”Motherhood is so powerful, Estera Pawlak captioned the footage, which was viewed over 4.8 million views times on TikTok.…

Calling all Kyles: The City of Kyle, Texas, is holding a Kyle Fair, hoping to break the world record for largest same-name gathering. The event will be held on May 21 at, of course, Lake Kyle Park. Whether you’re Kyle Lowry, Kyle Mooney, Kyle Richards, Kyle MacLachlan or Kyle Schwarber – all Kyles are welcome, as long as you spell it that way.The city has attempted to break the record three times before. Kyle’s arch nemesis: Ivan. The city of Kupreski Kosci in Bosnia and Herzegovina gathered 2,325 people named Ivan in 2017, setting the world record.  “We need tall Kyles,…