Politics

France’s Le Maire: Europe must defend its economic interests against U.S. subsidy package

Reuters | November 27, 2022

PARIS (Reuters) – France may try to negotiate some exemptions from the duties and limits imposed by the U.S. anti-inflation act but Europe must act to protect the bloc’s economic interests, Finance Minister Bruno Le Maire said on Sunday. Le Maire will accompany French President Emmanuel Macron on a state visit to the United States […]

Republican presses Twitter chief Elon Musk to better protect U.S. user data

Reuters | November 23, 2022

By Diane Bartz WASHINGTON (Reuters) – Top Senate Republican Chuck Grassley urged Elon Musk, who recently acquired Twitter, to conduct a threat assessment at the social company to better protect U.S. user data, following up on concerns raised by a whistleblower. Hacker Peiter “Mudge” Zatko, a whistleblower who served as Twitter’s head of security until […]

France, Germany urge firm European response to U.S. Inflation Reduction Act

Reuters | November 22, 2022

Market Recap U.S. Markets shrugged off global recession woes and rallied on Tuesday, led by retail stocks Best Buy (BBY), up 12%, Dick’s Sporting Goods (DKS), up 9.29%, and Walgreen’s (WBA), up 1.79%. The Dow Jones Industrial Average was up 260 points (+0.77%) in intraday trading, along with the S&P500 (+0.76%), Nasdaq (+0.52) and the Russell 2000 (+0.38). Crude Oil (WTI) rebounded +2.25% after a few days of […]

Exclusive: As split Congress odds increase, Yellen warns of need to lift debt ceiling

Reuters | November 12, 2022

By David Lawder NUSA DUA, Indonesia (Reuters) – With odds of a split U.S. Congress rising, Treasury Secretary Janet Yellen warned that lawmakers’ failure to raise the statutory limit on U.S. debt posed a “huge threat” to America’s credit rating and functioning of U.S. financial markets. Yellen told Reuters in an interview in New Delhi […]

Airbus speeds deliveries, books key Chinese jet order

Reuters | November 8, 2022

By Tim Hepher PARIS (Reuters) -Airbus deliveries accelerated in October to reach 497 airplanes so far this year, or an underlying total of 495 after excluding two Aeroflot deliveries cancelled due to Western sanctions against Russia, the planemaker said on Tuesday. Airbus delivered 60 jets in October, up from 55 the previous month. It still […]

Fed’s Evans says smaller rate hikes make sense, front-loading done

Reuters | November 4, 2022

Market Recap The Dow finished a down week with  a move to the upside. The S&P 500, Nasdaq and Russel 2000 followed suit. Trading throughout the week was muted on fears of further aggressive rate hikes from the Fed, coupled with mixed earnings reports as the earnings season winds down. Starbucks (SBUX) was one of […]

Exclusive-Boeing shores up Defense unit leadership after delays

Reuters | October 25, 2022

By David Shepardson and Tim Hepher (Reuters) -Boeing Co has appointed a senior troubleshooter to help turn around loss-making programs at its Defense, Space & Security (BDS) division in what some sources view as a potential template for future efforts to fix wider industrial woes. Steve Parker, head of Boeing’s bomber and fighter programs as […]

U.S. budget deficit halves to $1.375 trln despite $430 billion in student loan costs

Reuters | October 21, 2022

By David Lawder WASHINGTON (Reuters) -The U.S. government on Friday reported that its fiscal 2022 budget deficit plunged by half from a year earlier to $1.375 trillion, due to fading COVID-19 relief spending and record revenues fueled by a hot economy, but student loan forgiveness costs limited the reduction. The U.S. Treasury said the $1.400 […]

BoE doubles potential bond buy-backs as emergency plan nears end

Reuters | October 10, 2022

By William Schomberg LONDON (Reuters) -The Bank of England sought to ease concerns about this week’s expiry of its programme designed to calm turmoil in the government bond market, announcing new safety-net measures including a doubling of the maximum size of its debt buy-backs. Finance minister Kwasi Kwarteng last month sparked a bond rout with […]

China’s August gasoline exports nearly double from a year ago

Reuters | September 18, 2022

BEIJING (Reuters) – China’s August gasoline exports rose 97.4% from a year earlier, customs data showed on Sunday, as refiners took advantage of fresh export quotas amid faltering domestic demand. Gasoline shipments were at 1.12 million tonnes last month, while volumes for the January to August period were 30.4% lower than the corresponding period last […]

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