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Council demands monthly reports on city finances
A Vero Beach City Council majority last week finally spoke up, demanding monthly reports on city finances to rebuild public trust. The council has not received regular financial data in public outside of the summer budgeting process since City Manager Monte Falls took over from predecessor Jim O’Connor in 2019. While Mayor John Cotugno appeares…
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Louisiana’s campaign finance laws could soon get an overhaul. Here’s what could change.
The Louisiana Legislature could soon overhaul campaign finance laws for public officials, setting up new rules for political committees, raising the limit for which contributions have to be reported, and setting stricter rules for when campaign finance violations can be investigated.Supporters say the legislation will “modernize” Louisiana’s Campaign Finance Disclosure Act so that it more…
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Türkiye, Luxembourg to establish Strategic Finance Working Group
ISTANBUL Türkiye and Luxembourg have agreed to establish a Strategic Finance Working Group to unlock new areas of cooperation and explore joint business opportunities in third countries, Finance Minister Mehmet Şimşek has said. Şimşek traveled to Luxembourg on May 4 for a one-day visit for high-level talks. He had “productive meetings” with Prime Minister and…
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FTSE 100 LIVE: Stocks rise as traders await ECB interest rate decision
The UK’s new car market returned to growth in May, as registrations rose 1.6% to 150,070 units, according to the latest data published today by the Society of Motor Manufacturers and Traders (SMMT). It was the best May performance since 2021, but still 18.3% lower than in pre-pandemic 2019 and only the second month…
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Impact of ‘volatile’ Australian dollar on RBA interest rate cuts: ‘Unusual’
RBA governor Michele Bullock is keeping a close eye on movements in the value of the Aussie dollar. · Source: Getty/AAP The Reserve Bank of Australia (RBA) has noticed the Australian dollar isn’t behaving the way it normally does during periods of global uncertainty. It said it will be keeping a close eye on…
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Britain at a crossroads: Finance, industry and the global adjustment
Britain at a crossroads: Finance, industry and the global adjustment – POLITICO
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Mansfield Finance Dept. responds to phishing incident
MANSFIELD – The City of Mansfield’s Finance Department has been the target of an email spoofing scheme involving the impersonation of a vendor’s Chief Financial Officer, finance director Kelly Blankenship said in a press release. The fraud resulted in the unauthorized redirection of a valid payment to a fraudulent account, Blankenship reported.A bad actor, impersonating…
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Pro-Palestinian protesters vandalize financial aid office
Five pro-Palestinian protestors stormed Cal Poly’s Financial Aid and Student Accounts office this afternoon, spray-painting graffiti on walls, furniture and computers, according to a campuswide email from President Jeffrey Armstrong. There were no physical injuries. The individuals fled Administration & Finance (Bldg. 1) after Cal Poly Police officers arrived, Armstrong wrote. Two suspects were identified…
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Finance leader Bret Johnsen joins USC’s Board of Trustees
USC alumnus and finance leader Bret Johnsen has been named one of the newest members of the USC Board of Trustees. The Los Angeles native and chief financial officer of SpaceX joins the board after more than 20 years of financial, tech and corporate leadership experience at companies such as SpaceX, Mindspeed Technologies and Broadcom.…
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Artificial intelligence in finance
Artificial intelligence and the financial sector: Transformations, challenges, and regulatory responses The application of AI in financial intermediation has led to significant improvements in screening, monitoring, and credit allocation. ML models outperform traditional credit scoring, especially in volatile or rapidly changing environments. They excel in utilising large, unstructured datasets – transaction records, digital footprints, behavioural…
