Wednesday , October 23 2019

Ghana loses $190m grant after canceling power deal with PDS

Bloomberg Ghana will no longer have access to $190 million in grants from the Millennium Challenge Corp. after terminating a private consortium’s contract to operate the country’s electricity distribution network. Ghana annulled agreement reached under US agency’s aid program as it questioned legitimacy of payment guarantees supplied by Power Distribution ...

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Texas Instruments sinks as customers cut orders

Bloomberg Texas Instruments Inc shares plunged the most in almost 11 years after the chipmaker gave a weaker-than-expected forecast and warned that trade tension is making customers far more cautious. The report spurred a selloff in semiconductor stocks. Investors have poured money into chip stocks this year, betting on a ...

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Waters urges Facebook to drop Libra plan for now

Bloomberg House Financial Services Committee Chairwoman Maxine Waters said Facebook Inc should cease work on its cryptocurrency project until the company addresses a series of unrelated “deficiencies” in its social-media business. Waters, speaking at a hearing featuring CEO Mark Zuckerberg, cited Facebook’s misappropriation of users’ personal data, its role in ...

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Warren’s $30 trn ‘Medicare for All’ problem has a solution

It’s not easy being the front-runner. Massachusetts Senator Elizabeth Warren, the leading Democratic presidential hopeful, has come under increasing attack from the rest of the pack for her backing of fellow candidate Bernie Sanders’s “Medicare for All” proposal and her disinclination to explain how she’d pay for it. They’ll continue ...

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