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…
COVID: France eases work-from-home directive from February onwards
PARIS – France has decided to loosen its directive for people to work-from-home, said Prime Minister Jean Castex, as the country aims to get through a fifth wave of the COVID-19 virus…
U.S. lawmakers call Tesla expansion in Xinjiang ‘misguided’
By David Shepardson WASHINGTON -The chairmen of two congressional panels on oversight and trade on Thursday assailed Tesla’s expansion in China’s far-western Xinjiang region, where detention camps have drawn heavy criticism, and…
Exclusive-Goldman, JPMorgan award bumper bonuses for top bankers
By Anirban Sen and Matt Scuffham -Goldman Sachs and JPMorgan Chase, Wall Street’s premier investment banks, this week informed staff of bumper bonuses for 2021, following a record-breaking year for Wall Street…
Exclusive-Shell to supply oil to Pemex’s Texas refinery under long term contract -document, source
MEXICO CITY/HOUSTON – Royal Dutch Shell will supply crude to the 340,000-barrel-per-day Deer Park refinery for at least 15 years, as part of the sale of its stake in the Texas facility…
U.S. trade chief Tai says world can’t return to 2019 trading system
-U.S. Trade Representative Katherine Tai said on Thursday that global trade policy makers should not try to recreate the pre-pandemic trading system but build one that is more resilient, sustainable and supportive…
Republican candidate for Georgia governor calls for election police unit
– David Perdue, a Republican candidate for Georgia governor, on Thursday called for the establishment of a police unit to investigate voter fraud, underscoring his campaign strategy of promoting falsehoods about wrongdoing…
Exclusive-Goldman Sachs bonus pool for investment bankers up 40-50%
NEW YORK – Goldman Sachs increased its annual bonus pool for top-performing investment bankers by 40% to 50%, three people with direct knowledge of the matter said, after a record-breaking year for…
Ukraine war necessary if Russia recognises breakaway regions – pro-Kremlin MP
By Maria Tsvetkova MOSCOW – Russian-backed separatists in east Ukraine would expect Russia’s army to fight with them against Ukrainian government forces if Moscow follows through on a parliamentary proposal to recognise…
U.S. preparing for possible future COVID variants -White House
WASHINGTON – The Biden administration is preparing for future variants of COVID-19, White House chief of Staff Ron Klain told MSNBC in an interview that aired on Thursday as the Omicron-related wave…
Phil Murphy has a Jack Ciattarelli moment on Jeopardy when nobody knew who he was
TRENTON, NJ – New Jersey Governor Phil Murphy had a Jack Ciattarelli moment this week after being the topic of a $1,000 answer on the hit television show Jeopardy. “In 2021 he…
McDonald’s expands U.S. test of Beyond Meat ‘McPlant’ burger
By Hilary Russ NEW YORK -McDonald’s Corp said on Thursday it will expand its U.S. test of a plant-based burger it created with vegan meat maker Beyond Meat Inc to about 600…
Governor Murphy teases on lifting school mask mandate, but don’t count on it
TRENTON, NJ – As New Jersey begins to emerge from the other side of a month-long pandemic peak, due to the highly contagious, but mild omicron variant of the COVID-19 virus, Governor…
Germany’s Cardinal Marx apologises after Munich sex abuse report
BERLIN – The Archbishop of Munich, Cardinal Reinhard Marx, apologised on Thursday to the victims of historic sexual abuse in his archdiocese after a report found fault with his handling of the…
New York Mayor Adams to receive first paycheck in cryptocurrency
-New York City Mayor Eric Adams on Thursday said his first paycheck, to arrive on Friday, will be automatically converted into cryptocurrency via Coinbase Global Inc. The salary will be converted to…
Exclusive-U.S. seeks way to speed delivery of new fighter jets to Taiwan
By Phil Stewart, Idrees Ali and Yimou Lee WASHINGTON – The United States is looking for ways to potentially accelerate delivery of Taiwan’s next generation of new-build F-16 fighter jets, U.S. officials…
Governor Murphy signs law that allows human trafficking victims to have certain crimes expunged
TRENTON, N.J. – Assemblyman Christopher DePhillips’ bill expunging the records of human trafficking victims who were convicted of certain crimes was signed into law by Gov. Phil Murphy on Tuesday. New Jersey’s Human…
Fed may run fast on long road to normal balance sheet
By Howard Schneider WASHINGTON – As part of its battle against inflation and a return to more normal monetary policy, the U.S. Federal Reserve is approaching a decision to reduce its balance…
Irvington man arrested for illegally dumping tons of waste in Newark
NEWARK, NJ – Newark Public Safety Director Brian A. O’Hara reports the arrest of Zaire B. Bowman, 25, of Irvington, who was illegally dumping solid waste on January 18, 2022. Police Officers…
IMF sees cost of COVID pandemic rising beyond $12.5 trillion estimate
WASHINGTON – The International Monetary Fund expects to raise its forecast that the COVID-19 pandemic will cost the global economy $12.5 trillion through 2024, the head of the global lender said on…
Analysis-In Ukraine crisis, Germany faces tough decisions over gas pipeline
By Joseph Nasr and Sarah Marsh BERLIN – Germany could find itself in a no-win situation if Russia invades Ukraine, pitting Berlin’s main gas supplier against its most important security allies. Chancellor…
U.S. existing home sales tumble in December
WASHINGTON – U.S. home sales tumbled in December as higher prices amid record low inventory continued to shut out some first-time buyers. Existing home sales dropped 4.6% to a seasonally adjusted annual…
Ukraine raises rate to 10% as inflation and Russia standoff weigh
By Natalia Zinets KYIV – Ukraine’s central bank raised its main interest rate to 10% from 9% on Thursday, crossing into double digits for the first time since April 2020, to try…
Banks loan growth focus could impact U.S. Treasuries – Credit Suisse
NEW YORK – U.S. banks’ appetite for U.S Treasuries could slow down as they shift their focus to loan growth, at the same time that the Federal Reserve plans to shrink asset…
Mercedes-Benz teams up with Luminar on self-driving tech
By Hyunjoo Jin San Francisco – Luxury carmaker Mercedes-Benz will partner with self-driving sensor maker Luminar Technologies Inc to enable fully automated driving on highways for its next-generation vehicles, Luminar’s founder said.…
Global hedge fund industry assets top $4 trillion for the first time
LONDON – Assets under management at global hedge funds topped $4 trillion for the first time ever at the end of 2021, as the prospect of rising interest rates combined with the…
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