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  • Business
    The Canadian Press

    Regulators close Philadelphia-based Republic First Bank, first US bank failure this year

    WASHINGTON (AP) — Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The Federal Deposit Insurance Corp. said Friday it had seized the Philadelphia-based bank, which did business as Republic Bank and had roughly $6 billion in assets and $4 billion in deposits as of Jan. 31. Fulton Bank, which is based in Lancaster, Pennsylvania, agreed to assume substantially all of the failed bank's deposits and buy essentially all of its assets, th

  • News
    The Canadian Press

    Most drivers will pay $15 to enter busiest part of Manhattan starting June 30

    NEW YORK (AP) — The start date for the $15 toll most drivers will be charged to enter Manhattan's central business district will be June 30, transit officials said Friday. Under the so-called congestion pricing plan, the $15 fee will apply to most drivers who enter Manhattan south of 60th Street during daytime hours. Tolls will be higher for larger vehicles and lower for nighttime entries into the city as well as for motorcycles. The program, which was approved by the New York state Legislature

  • Politics
    Reuters

    U.S. chip bans not meant to hobble China's growth, Blinken says

    U.S. export controls on sending advanced computing chips to China are not meant to hold back China's economy or technological development, Secretary of State Antony Blinken said during an interview with National Public Radio on Friday. Since 2022, U.S. officials have imposed sweeping controls on which computing chips can be exported to China, cutting off some sales from Nvidia, Advanced Micro Devices and Intel, among others. But U.S. officials have granted at least two U.S. companies - Intel and Qualcomm - licenses to keep shipping chips to Huawei, which is using an Intel chip to power a new laptop model.

  • Business
    Bloomberg

    Paramount Board Weighs Removing CEO Amid Sale Talks, WSJ says

    (Bloomberg) -- Paramount Global’s board is considering removing Chief Executive Officer Bob Bakish and putting the film and TV company under a committee of top executives while it evaluates a possible sale, according to a person familiar with the matter.Most Read from BloombergPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldFed’s Preferred Core Inflation Gauge Rose at Brisk Pace in MarchBillionaire Stephen Ross Believes