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…
Exclusive-Iraq to end all dollar cash withdrawals by Jan. 1 2024 – central bank official
By Timour Azhari BAGHDAD (Reuters) -Iraq will ban cash withdrawals and transactions in U.S dollars as of Jan. 1 2024 in the latest push to curb the misuse of its hard currency…
Corona beer maker Constellation Brands bets on higher pricing to lift profit view
(Reuters) -Constellation Brands raised its annual profit target on Thursday after higher prices and strong demand for its beers and spirits drove a sales and profit beat in the second quarter. Alcohol…
Canada posts surprise August trade surplus, rebounding after port closures
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada posted a surprise C$718 million ($521.88 million) trade surplus in August as trade rebounded a month after labor strikes shut down ports on…
Lucid launches cheaper Air Pure electric sedan to boost demand
(Reuters) -Luxury electric-vehicle maker Lucid Group on Thursday launched a cheaper, rear-wheel drive version of the Air Pure sedan starting at $77,400, as it looks to stoke demand. Higher borrowing costs have…
Lamb Weston raises annual outlook, shares up 10%
(Reuters) – Lamb Weston Holdings raised its full-year net sales and profit forecasts on Thursday, banking on higher prices for its ready-to-cook frozen potato appetizers and easing cost pressures, sending its shares…
Hyundai, Kia to adopt Tesla EV-charging standard from 2024 in US
SEOUL (Reuters) -Hyundai Motor and Kia Corp said on Thursday that they had decided to adopt Tesla Inc’s electric vehicle (EV) charging technology in the United States. Joining their global peers, including…
U.S. interest rate scenario calls for humbleness from Brazil’s cenbank -director
BRASILIA (Reuters) – Brazil’s central bank monetary policy director said on Thursday that the current strength of the U.S. economy, demanding higher interest rates for longer, stands as a central theme nowadays,…
Ford says potential investor in Saarlouis plant pulls out
By Victoria Waldersee BERLIN (Reuters) -Talks between Ford and a potential investor in its plant in Saarlouis, Germany have fallen through, the carmaker said on Thursday, plunging workers back into uncertainty over…
World Bank sees Saudi economy contracting in 2023, MENA growth sharply lower
By Rachna Uppal DUBAI (Reuters) – The World Bank expects Saudi Arabia’s economy to contract by 0.9% in 2023, it said in a report on Thursday, revising its growth forecast for the…
A Taco Tour of Asbury Park, A City With Plenty of Options
A Taco Tour of Asbury Park, NJ Asbury Park, New Jersey, might be renowned for its iconic boardwalk, live music scene, and rich history, but it’s also emerging as a haven for…
Marrakech prepares for IMF and World Bank meeting a month after deadly quake
By Ahmed Eljechtimi MARRAKECH, Morocco (Reuters) – Moroccans living just an hour from where the global financial elite will gather for IMF and World Bank meetings next week are homeless and destitute…
WTO halves 2023 goods trade growth forecast
GENEVA (Reuters) – The World Trade Organization halved its growth forecast for global goods trade this year, saying that persistent inflation, higher interest rates, a strained Chinese property market and the war…
US trade deficit narrows to nearly three-year low in August
WASHINGTON (Reuters) – The U.S. trade deficit narrowed more than expected in August as exports increased solidly, likely positioning trade to support economic growth in the third quarter. The trade deficit contracted…
Wall St brokerages raise China’s economic growth forecast to 5%
(Reuters) -Citigroup and J.P.Morgan raised their forecasts for China’s annual growth on Wednesday, citing stabilizing economic indicators and Beijing’s recent supportive policy measures. The Wall Street brokerages raised their forecast for gross…
A New Jersey Wawa Shuts Down, Suprising Locals
Hillsborough residents were surprised to learn that the popular Wawa at 381 Triangle Road shut its doors for good on Monday, Oct. 2. The store has directed its patrons to visit its…
U.S. online sales to grow 4.8% in crucial holiday season -report
(Reuters) – Online sales during the crucial U.S. holiday season are expected to rise 4.8% from a year earlier as retailers go all out to woo inflation-hit consumers with even bigger discounts…
US employers announce fewer layoffs in September, report shows
By Amina Niasse NEW YORK (Reuters) – U.S. employers dialed back their planned job cuts in September, especially in the warehousing sector, but workforce reduction intentions were higher on a year-to-date basis…
Porsche-backed Sensigo deploys AI tools to smooth vehicle repairs
By Paul Lienert (Reuters) – German automaker Porsche and investor UP.Partners have launched Sensigo, a California-based startup using artificial intelligence to enable vehicle service technicians to diagnose, resolve and eventually predict repair…
UAW and Ford Motor make progress in labor negotiations
(Reuters) – The United Auto Workers (UAW) and Ford Motor have narrowed their differences on pay increases after a new offer from the automaker amid “really active” talks, people familiar with the…
Analysis-Record chicken prices squeeze US shoppers, benefit Tyson Foods
By Tom Polansek CHICAGO (Reuters) – Chicken prices at U.S. grocery stores have hit record highs and should stay elevated as Tyson Foods and other companies dial back poultry production to boost…
Air France-KLM remains interested in TAP takeover after SAS investment
LONDON (Reuters) – Air France-KLM maintains a strong interest in Portugal’s national carrier TAP and the purchase of a stake in Scandinavia’s SAS does not affect its ability to take part in…
Marketmind: Nervy bond bounce on soft jobs and oil
A look at the day ahead in U.S. and global markets from Mike Dolan Battered Treasury bonds caught a bid over the past 24 hours on surprisingly soft U.S. jobs data and…
US carriers accelerate to bigger planes to overcome operating constraints
By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines’ plan to navigate the operating constraints dogging U.S. carriers is simple – bigger planes. In announcing plans on Tuesday to order 110 aircraft…
Exclusive-Argentina’s soy crushers face ‘disaster’ as bean shortage sharpens, chamber head says
By Maximilian Heath BUENOS AIRES (Reuters) – Argentina’s giant soybean processing plants are running out of soybeans after a historic drought cut the crop in half, the head of the country’s grains…
Sentiment among small German businesses near pandemic lows -survey
BERLIN (Reuters) – Sentiment among small and mid-sized businesses in Germany, hard-hit by massive cost increases, weak demand and high interest rates, is back near pandemic lows, a survey showed on Thursday.…
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