By Zuzanna Szymanska and Miranda Murray BERLIN -German annual inflation rose to its highest level in more than 40 years in March as prices of natural gas and oil products …
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(Reuters) – U.S. delivery firm FedEx Corp’s subsidiary, FedEx Express, will begin testing Elroy Air’s Chaparral autonomous air cargo system next year, the companies said on Wednesday. Legacy aviation and …
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UTICA, NY – Alex Horton, 36 of Utica was arrested and charged with criminal possession of a forged instrument in the second degree. The victim had reported on March 16, …
- Financial News
ECB tells banks to cut lending to indebted borrowers after binge
by Reutersby ReutersFRANKFURT – The European Central Bank has told banks to cut lending to the most indebted borrowers, which could poke a hole in their balance sheets if the economy turns …
- Financial News
Truckmaker MAN to shorten hours of up to 11,000 workers on Ukraine crisis
by Reutersby ReutersBERLIN – German commercial vehicle maker Traton’s MAN unit will shorten the hours of as many as 11,000 workers in Germany as the war in Ukraine causes what it said …
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BERLIN – German annual inflation rose more than expected in March as prices of natural gas and mineral oil products soared after Russia’s invasion of Ukraine, preliminary data showed on …
- Breaking NewsCamden County NewsNew Jersey NewsPolice Blotter
Road Rage Leads To Fatal Shooting On I-76 In Mt. Ephraim
CAMDEN COUNTY, NJ – The NJ State Police is asking for assistance in a road rage investigation which left Louis E. Ciccanti Jr. dead from a gunshot wound in a …
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By Balazs Koranyi FRANKFURT -Europe’s economy is increasingly strained by Russia’s war in Ukraine as growth stalls, confidence plummets and inflation soars, data and warnings from policymakers made clear on …
- Financial News
Dollarama to sell products priced up to C$5 to shore up margins
by Reutersby Reuters(Reuters) -Canada’s Dollarama Inc said on Wednesday it would roll out additional price points up to C$5 this year, as the discount retailer, which typically sells everything from kitchen essentials …
- Financial News
Russia says buyback will prevent discrimination against Russian bondholders -Ifax
by Reutersby Reuters(Reuters) -Russian Finance Minister Anton Siluanov said on Wednesday that a proposed sovereign Eurobond buyback would stop discrimination against Russian bondholders, who he said were not able to access funds …
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BERLIN -The German government’s council of economic advisers more than halved its growth forecast for Europe’s largest economy on Wednesday and flagged a “substantial” recession risk as a result of …
- Financial News
Wall Street regulator proposes to expand the definition of broker-dealers
by Reutersby ReutersBy Katanga Johnson WASHINGTON -The U.S. Securities and Exchange Commission (SEC) on Monday proposed expanding the definition of broker-dealers and mandating that Principal Trading Firms (PTFs) must register with the …
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By Anna Ringstrom STOCKHOLM – Sweden’s H&M is seen swinging back to profit in its December-February quarter as pandemic effects ease, though the closure of its Russian stores and the …
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(Reuters) -The rouble firmed on Wednesday, extending a recovery and heading towards levels seen before Russia launched what it calls “a special operation” in Ukraine. Stocks inched higher on the …
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LONDON – Hackers have stolen cryptocurrency worth almost $615 million from a blockchain project linked to the popular online game Axie Infinity, in the latest cyberheist to hit the digital …
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FRANKFURT – Germany on Wednesday triggered the first of three stages of its emergency gas plan, effectively warning of potential disruptions of energy imports from Russia, its biggest supplier. Here …
- Financial News
Generali investor Del Vecchio backs Caltagirone’s plan for insurer – Bloomberg
by Reutersby ReutersMILAN – A strategic plan for Generali backed by rebel shareholder Francesco Gaetano Caltagirone goes in the right direction by setting up the company for growth, another of the top …
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By Kirstin Ridley, Brenna Hughes Neghaiwi and Danielle Kaye LONDON/ZURICH/NEW YORK – Yevgeny Chichvarkin, a telecoms tycoon who fled Russia in 2008 and became a high-profile London restaurateur, has long …
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(Reuters) – The interest rate on the most popular U.S. home loan jumped last week by the most in 11 years as bond market investors rapidly repositioned for the Federal …
- Financial News
Lessor BOC Aviation repossesses 747-8 cargo plane from Russian operator
by Reutersby ReutersBy Jamie Freed (Reuters) -A Boeing 747-8 freighter leased to Russia’s AirBridgeCargo has flown to California from Hong Kong, according to FlightRadar24, after a U.S. judge signed an order allowing …
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NICOSIA – Food and energy prices in the euro zone should stop rising, which should help the euro zone avoid a combination of stagnant growth and high inflation feared by …
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By Andy Bruce and William Schomberg LONDON -Bank of England Deputy Governor Ben Broadbent said on Wednesday that policymakers should be clear about how they plan to react to changes …
- Financial News
In Zimbabwe, coal power project seeks other backing after China’s U-turn
by Reutersby ReutersBy Nelson Banya and Helen Reid (Reuters) – A Zimbabwean company that had been banking on Chinese financing to build a major coal-fired power plant says it is now looking …
- Financial News
Saudi Arabia may raise May crude prices to Asia to new record levels
by Reutersby Reuters(Corrects to insert dropped word in 3rd paragraph) By Florence Tan SINGAPORE – Top oil exporter Saudi Arabia is expected to raise crude prices to Asia in May to new …
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By Kate Holton (Reuters) -Education group Pearson said on Wednesday it had rejected a third takeover offer from Apollo, valuing it at 6.7 billion pounds ($8.8 billion), prompting the U.S. …