Groton Selected as Navy awards $642M contract boost for Virginia class submarine work
Groton, CT – General Dynamics Electric Boat Corp. has secured a $642.3 million contract modification to continue design and support work for the Navy’s Virginia class submarine program, the Pentagon announced. Contract…
Canadian provincial leader wants to pause truckers’ COVID vaccine mandate
By Steve Scherer OTTAWA – The premier of Canada’s Alberta province on Thursday called on the federal government to pause a COVID-19 vaccine mandate for cross-border truckers that companies say will disrupt…
S.Korea unveils $12 billion extra budget to cushion impact of extended COVID curbs
By Joori Roh SEOUL – South Korea unveiled a 14 trillion won ($11.75 billion) supplementary budget on Friday to support the self-employed and small businesses that have taken a heavy hit from…
Shell to supply crude to Pemex’s Texas refinery under long-term pact
By Adriana Barrera and Ana Isabel Martinez MEXICO CITY/HOUSTON – Mexican state oil company Petroleos Mexicanos on Thursday signed a long-term crude supply contract with Royal Dutch Shell Plc as part of…
Banorte analyzing possible buy of Citi’s Mexico consumer bank
MEXICO CITY – Mexico’s Grupo Financiero Banorte is looking at whether to make an offer for Citigroup’s Mexican consumer banking unit, its chief executive said on Thursday. “We are starting an analysis…
U.N. defines Holocaust denial, urges social media firms to fight it
By Michelle Nichols UNITED NATIONS -The United Nations General Assembly on Thursday agreed on a definition of denial of the Holocaust, when the Nazis killed 6 million Jews during World War Two,…
Yellen says Fed, Biden administration will take steps to control inflation
WASHINGTON -U.S. Treasury Secretary Janet Yellen said on Thursday she was confident the Federal Reserve and the Biden administration would take steps needed to bring down inflation over the course of 2022,…
Big U.S. banks say spending patterns show consumers are in good shape
By Elizabeth Dilts Marshall NEW YORK – Top executives at the biggest U.S. banks have been optimistic about the nation’s economic outlook this earnings season, pointing to healthy consumers who have cash…
U.S. to require COVID vaccines for essential workers crossing borders
By David Shepardson WASHINGTON – The U.S. Department of Homeland Security (DHS) is announcing Thursday it is requiring that non-U.S. essential workers such as truck drivers and nurses who are crossing land…
Google U.S. lobbying jumps 27% as lawmakers aim to rein in Big Tech
WASHINGTON – Alphabet Inc’s Google reported 27% higher U.S. lobbying expenditures for 2021 compared to 2020, spending $9.6 million for the year, according to the Senate lobbying disclosure database. That’s far below…
Trump campaign officials, including Giuliani, oversaw 2020 fake electors’ plan -CNN
LOS ANGELES – Officials on Donald Trump’s 2020 campaign, led by his lawyer Rudy Giuliani, oversaw efforts to put forward illegitimate electors from seven states that the former president lost, CNN reported…
Biden approval rating drops to 43%, lowest of his presidency: Reuters/Ipsos poll
By Jason Lange WASHINGTON – U.S. President Joe Biden’s public approval rating fell to the lowest level of his presidency this week as Americans appeared exhausted by the COVID-19 pandemic and its…
JPMorgan board lifts CEO Dimon’s pay to $34.5 million
– JPMorgan Chase & Co Chief Executive Officer Jamie Dimon will get a 9.5% raise in annual pay, bringing his total compensation for 2021 to $34.5 million, the bank said on Thursday.…
Nigeria to prioritise taxes from digital non-resident firms in 2022
ABUJA – Nigeria will prioritise tax collection from its digital economy in 2022 and focus on non-resident firms with significant economic presence that generate turnover in the West African country, the country’s…
Alphabet’s unprofitable Verily unit in skin-care deal with L’Oreal
By Paresh Dave -Alphabet Inc’s money-losing health tech arm Verily on Thursday announced a new tie-up in its search for sustainable revenue, saying it would study skin health and explore new products…
New York Fed names new head of markets team
– The New York Federal Reserve said on Thursday it is tapping Michelle Neal to head its markets group, filling a key leadership role as the central bank prepares to reduce its…
Brazil central bank chief sees no major Omicron impact on economy yet
BRASILIA – Brazil’s central bank chief Roberto Campos Neto said on Thursday the Omicron variant of the coronavirus has not yet had a major impact on the country’s economy and was not…
Graphic: Five ways the U.S. housing market stood apart in 2021
By Dan Burns – The market for existing U.S. homes softened unexpectedly in December, but 2021 still wrapped up with the strongest annual sales in 15 years, data from the National Association…
U.S. lawmakers urge USTR to expand tariff exclusions on Chinese goods
WASHINGTON – A bipartisan group of more than 140 U.S. lawmakers called on U.S. Trade Representative Katherine Tai to immediately revive and expand a tariff exclusion process on Chinese goods to help…
U.S. House Speaker Pelosi says banning member stock trades possible
WASHINGTON – U.S. House of Representatives Speaker Nancy Pelosi on Thursday signaled her willingness to advance legislation that could ban lawmaker stock trades, if her rank-and-file Democrats support such a move. At…
Leon Black accuses former Apollo partner of attempting ‘coup’
By Jahnavi Nidumolu and Jonathan Stempel NEW YORK – Leon Black accused a former top lieutenant at Apollo Global Management Inc of exploiting the billionaire’s ties to the late sex offender Jeffrey…
Biden’s immigration goals fade after setbacks at the U.S.-Mexico border
By Ted Hesson WASHINGTON – Days after U.S. President Joe Biden took office in January 2021, two of his top immigration advisors outlined bold plans, including a major immigration reform bill, a…
U.S. assesses Russian retaliation potential should it be cut from SWIFT -senator
By Timothy Gardner WASHINGTON – The United States is analyzing what damage could be done by Russia to Western allies, such as halting oil and gas exports, if the Biden administration cuts…
GM to deliver electric SUV Cadillac Lyriq to customers in ‘few months’
– Pre-production vehicles of General Motors Co’s electric SUV Cadillac Lyriq have been assembled and are expected to be delivered to customers in a “few months”, President Mark Reuss said in a…
Wells Fargo says U.S. regulator has terminated 2015 consent order
By Elizabeth Dilts Marshall NEW YORK -Wells Fargo & Co on Thursday said the Office of the Comptroller of the Currency (OCC) terminated a 2015 consent order after the bank compensated customers…
U.S. weekly jobless claims at three-month high; seen trending down as Omicron subsides
By Lucia Mutikani WASHINGTON – The number of Americans filing new claims for unemployment benefits jumped to a three-month high last week, likely as a winter wave of COVID-19 infections disrupted business…
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