India's top court orders status quo on liquidation proceedings of Bhushan Power
NEW DELHI, May 26 (Reuters) - India's top court on Monday ordered a status quo on the liquidation proceedings of Bhushan Power and Steel, weeks after it rejected JSW Steel's (JSTL.NS), opens new tab resolution plan to acquire the firm.
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Reuters
an hour ago
- Reuters
Trump appellate court nominee defends experience at US Senate hearing
June 4 (Reuters) - A former clerk to three conservative U.S. Supreme Court justices who was chosen by President Donald Trump to become a federal appeals court judge faced questions from U.S. lawmakers on Wednesday about her youth and her support of the Republican president's order curtailing birthright citizenship. Whitney Hermandorfer, 37, tapped to serve on the Cincinnati-based 6th U.S. Circuit Court of Appeals, defended her record at the U.S. Senate Judiciary Committee's first hearing on judicial nominees since Trump returned to office in January. "The cases have come fast and furiously, and I've been privileged to handle a number of nationally significant matters," Hermandorfer, a lawyer serving under Tennessee's Republican attorney general, said. The hearing comes as judges in dozens of cases have slowed or blocked some of Trump's initiatives to dramatically expand presidential authority and slash the federal bureaucracy, prompting calls from Trump and his allies for judges to be impeached or accusing them of being part of a "judicial coup." Hermandorfer is the first of Trump's 11 judicial nominees so far to appear before the Republican panel, as the White House looks to further reshape a judiciary whose members have stymied key parts of his agenda. Four nominees to serve as trial court judges in Missouri appeared before the panel later on Wednesday. Trump shifted the ideological balance of the judiciary to the right in his first term with a near-record 234 appointments, including three members of the Supreme Court's 6-3 conservative majority. Hermandorfer clerked for Justices Samuel Alito and Amy Coney Barrett, and clerked for Justice Brett Kavanaugh while he was a judge on a federal appeals court in Washington, D.C. Today, she heads a strategic litigation unit in Tennessee Attorney General Jonathan Skrmetti's office, where she has defended the state's near-total abortion ban and challenged a rule adopted under former Democratic President Joe Biden barring discrimination against transgender students. Republican senators appeared likely to advance her nomination to the full Senate for its consideration, even as Democrats raised questions about the positions she'd taken in court and the 37-year-old's level of experience just a decade out of law school. "I am concerned about the striking brevity of your professional record," Democratic Senator Chris Coons said. He noted that the American Bar Association had long had a standard deeming judicial nominees qualified only if they had at least 12 years of experience. Several Democrats criticized the Trump administration for deciding last week to cut off the legal organization's decades-old ability to vet judicial nominees as part of its ratings process. Republicans welcomed the move, accusing the nonpartisan group of bias against conservatives. Hermandorfer said that while as an appellate lawyer she had never tried a case to a jury verdict, she had litigated over 100 appellate cases and argued four federal appeals. "That sounds like quite a bit of experience," Republican Senator Josh Hawley said. Democratic Senator Dick Durbin, the top Democrat on the committee, questioned Hermandorfer on a recent brief she filed on behalf of the state of Tennessee to the U.S. Supreme Court supporting the Trump administration's bid to let his executive order on birthright citizenship to take effect. Trump's order directed federal agencies to refuse to recognize the citizenship of U.S.-born children who do not have at least one parent who is a citizen or lawful permanent resident. The Supreme Court is weighing whether to narrow nationwide injunctions blocking enforcement of that order that were issued by three judges who concluded it clearly violated the citizenship clause of the U.S. Constitution's 14th Amendment. Hermandorfer told Durbin that her office felt the justices should be provided information about evidence that she said showed that the 14th Amendment as originally interpreted after it was ratified in 1868 called into question whether the constitutionality of Trump's order was an "open and shut case." "I stand by completely those arguments and the historical sources that we advanced to the court," she said.
Coin Geek
4 hours ago
- Coin Geek
SaaS x AI x Blockchain: The triple threat transforming business
Getting your Trinity Audio player ready... At Strategic Shift 2025, experts explained why SaaS, artificial intelligence (AI), and blockchain are leading the next wave of business transformation. The message was loud and clear—if your business isn't moving to the cloud, using AI to boost productivity, or exploring blockchain for trust and security, you're already behind. title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen> SaaS, or Software as a Service, is at the center of this shift. It's changing how companies of all sizes run their operations, from startups to big enterprises. 'Businesses need to shift to SaaS right now because of a number of reasons,' said Bo Lundqvist, President of Retail Associates. 'One, cost. Costs of on-premises is going to go right up… because tech companies are going to drive it up. Hardware, electricity, scarcity of people, all that's going to go up. So maintaining is going to be expensive.' He added, 'New innovation. It is not going to happen on-premises. Innovation will happen in [the] cloud. So if you want your business to be at the forefront of taking advantage of technology… it's happening today. If you want to be a productive company, on-prem is not the place.' Steven Davis, Chairman of the Data Center Association of the Philippines, also stressed the value of SaaS: 'SaaS is evolving on its own. It's got its own natural progression. It has companies doing your business and tools for you right from day one.' But the shift isn't just about software. Blockchain is stepping up as a powerful layer in today's cloud-based systems. 'Blockchain's a very unique tool,' said Davis. 'I've always been a big fan of it. One, the back-end processing, the amount of time, effort, and money you can save by leveraging blockchain.' He also pointed to its strength in cybersecurity. 'Security-wise, it's inherently secure because it's about every piece of it and all the hexadecimal encryption that's running through it. How do you get through it?' And when SaaS meet blockchain? Davis said, 'With software as a service related back to blockchain… when you're running a true global system, multi-user, multi-country, cross borders across the world… and you're trying to manage them as a single user base… that's where it really comes in as a handy tool.' With Southeast Asia's cloud adoption accelerating, the time to act is now. The key takeaway here? Businesses need the cloud and the tools built on top of it to stay competitive. Watch | Educating from scratch: Inspiring future innovators in Poznań & beyond title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">
Reuters
4 hours ago
- Reuters
Saudi Arabia cuts July oil prices for Asia to nearly 4-year low after OPEC+ supply boost
June 4 (Reuters) - Saudi Arabia, the world's biggest oil exporter, cut its July prices for Asian crude buyers to close to the lowest level in four years on Wednesday, in what the market sees as the country's attempt to regain market share. Saudi Arabia has pushed OPEC+ this year to raise its output targets ahead of schedule. OPEC+ has cited healthy demand and low stocks as the reasons behind increasing production. Those reasons would normally prompt producers to raise selling prices. Saudi Arabia's state firm Aramco ( opens new tab cut the official selling price for the flagship Arab light crude it sells to Asia for July to $1.20 a barrel above the Oman/Dubai average. The OSP premium for June was $1.40 a barrel and in May it was $1.20. A Reuters survey had expected the price cut for Arab light in July to be 40 to 50 cents. Saudi crude OSPs are usually released around the fifth day of each month, and set the price trend for other grades exported by Iran, Kuwait and Iraq, affecting about 9 million barrels per day of crude bound for Asia. Eight OPEC+ countries met on Saturday and agreed to another big increase of 411,000 bpd for July, having increased by the same amount for May and June. The tables below show the full free-on-board prices for June in U.S. dollars.
