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US Fed should avoid climate change 'mission creep': Powell
US Fed should avoid climate change 'mission creep': Powell
Economy
by  AFP

The Federal Reserve should avoid tackling politically-charged issues like climate change without Congressional approval if it is to maintain public trust in the institution, the head of the US central bank said Wednesday. The Fed should avoid "mission creep" in order to "maintain the public's trust" in the institution, Powell said.

Disney investors to vote on winner in succession proxy war
Disney investors to vote on winner in succession proxy war
Economy
by  AFP

Disney shareholders will deliver a verdict later Wednesday in the company's long-running struggle over leadership at one of the spring's most costly and closely-watched annual meetings. "The root cause of Disney's underperformance... is a board that is too closely connected to a long-tenured CEO and too disconnected from shareholder interests," Trian said in December.