All News

By Jamie McGeever ORLANDO, Fla. – U.S. Treasury Secretary Janet Yellen this week issued a ‘mea culpa’ on getting it wrong on inflation. If the economy tips into recession in …

WASHINGTON – U.S. worker productivity fell at its steepest pace since 1947 in the first quarter, while growth in unit labor costs accelerated, the government confirmed on Thursday, signs that …

(Reuters) – Ford Motor Co will invest $2 billion and create 3,200 new jobs in Michigan as it boosts electric vehicle production, the automaker said Thursday. Gabby Bruno, a Ford …

INDIANAPOLIS – Dorian LaCourse, 66, of Milford, Ohio, was sentenced today to 3 years’ probation, including 6 months home detention for conspiracy and making false statements. LaCourse is the former …

WASHINGTON – U.S. private payrolls increased far less than expected in May, which would suggest demand for labor was starting to slow amid higher interest rates and tightening financial conditions, …

(Reuters) -Moderna Inc said on Thursday it has agreed to push back some COVID-19 vaccine deliveries to the European Union by several months to later in 2022 or early next …

BEIJING – Chinese consumers are likely to have to pay more for food staples like noodles and bread this year, as record wheat prices in the world’s top consumer of …

By Leah Douglas (Reuters) – Sheep herders in the U.S. West have banded together to sue their employers, accusing them of operating an illegal cartel that artificially suppresses their wages, …

By Ross Kerber (Reuters) – Sustainability-focused hedge fund Engine No. 1 has backed 83% of shareholder resolutions on environmental, social and governance (ESG) topics at top U.S. companies so far …

BEIJING -China’s central bank will strengthen the implementation of its prudent monetary policy and bring forward steps to support the economy, vice governor Pan Gonsheng said on Thursday. The People’s …

HONG KONG – Fitch Ratings said on Thursday it has decided to withdraw its rating on embattled property developer China Evergrande Group and two of its subsidiaries as the firms …

By Julie Gordon and Fergal Smith OTTAWA – An extra C$8,300 ($6,600) in your pocket. That is roughly how much the average Canadian saved during the pandemic, with the central …

BRUSSELS -Owners of vehicles equipped with so-called defeat devices have a right to compensation from the vehicle manufacturer, an adviser to the top EU court said on Thursday in a …

By Selena Li HONG KONG – China’s proposed cybersecurity rules for financial firms could pose risks to operations of western companies by making their data vulnerable to hacking, among other …

BERLIN – Google’s YouTube and other platforms could have to pay copyright damages over unauthorised uploads even if the content was put online by a third party, Germany’s top court …

MADRID -Spain’s jobless number dropped below 3 million in May for the first time since early in the 2008/09 global financial crisis, as the economy’s recovery from the impact of …

By Fergal Smith TORONTO – The Canadian dollar will gain ground over the coming year as high commodity prices bolster Canada’s economic outlook and the Bank of Canada likely continues …

By Uditha Jayasinghe COLOMBO – Sri Lanka is seeking help from the International Monetary Fund (IMF) for its 17th program in seven decades, needing a bailout in place before its …

(Reuters) -Russia is replacing Citibank, which has stopping servicing the country’s Eurobonds, with its own National Settlement Depository, the finance ministry said on Thursday, as it risks its first major …

By Munsif Vengattil NEW DELHI – India is considering whether to set up an appeals panel with the power to reverse the content moderation decisions of social media firms, the …

By Makiko Yamazaki and Scott Murdoch TOKYO -Toshiba Corp, the troubled Japanese conglomerate exploring strategic options, said it has received eight initial proposals to take it private as well as …

By Brenda Goh SHANGHAI -Amazon.com said it will stop supplying retailers in China with its Kindle e-readers from Thursday and will shut its Kindle e-bookstore there next year, in the …

By Praveen Menon and Clara Denina SYDNEY/LONDON -Glencore is likely to reject a $3.60 per share Chinese offer for its minority stake in coal producer Yancoal Australia Ltd as too …

BEIJING – China’s commerce ministry said on Thursday it will adopt necessary measures to protect the legitimate interests of Chinese companies after the U.S. said it was considering adding new …

BUDAPEST -Hungary’s central bank raised its one-week deposit rate by 30 basis points (bps) to 6.75% as expected on Thursday, as the bank continues to tighten interest rate policy aiming …