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  • Financial News

    IMF sees inflation as ‘significant risk,’ but eyes gradual moderation in rising prices

    by Reuters February 16, 2022
    by Reuters February 16, 2022

    By Andrea Shalal WASHINGTON – Headline inflation has moved above central bank targets in most Group of 20 economies despite weaker growth momentum and remains a “significant risk,” but rising …

  • Business NewsUS and World News

    Construction industry groups oppose Biden’s executive order in letter to White House

    by Reuters February 16, 2022
    by Reuters February 16, 2022

    WASHINGTON – Sixteen groups representing the U.S. construction industry sent a letter to the White House opposing a recent executive order signed by President Joe Biden requiring “project labor agreements” …

  • Financial News

    Ivory Coast to announce $20 million cashew sector aid plan -source

    by Reuters February 16, 2022
    by Reuters February 16, 2022

    By Ange Aboa ABIDJAN – Ivory Coast plans to commit more than $20 million to helping cashew processors struggling against competition from Asia and to boost the percentage of the …

  • Financial News

    Canadian dollar gains as investors assess hot inflation data

    by Reuters February 16, 2022
    by Reuters February 16, 2022

    By Fergal Smith TORONTO – The Canadian dollar strengthened against its U.S. counterpart on Wednesday as oil prices rose and domestic data showed inflation further heating up in January. Canada’s …

  • Financial News

    U.S. manufacturing output rises moderately in January

    by Reuters February 16, 2022
    by Reuters February 16, 2022

    WASHINGTON – Production at U.S. factories increased moderately in January as motor vehicle output fell for a second straight month amid an ongoing global shortage of semiconductors. Manufacturing output gained …

  • Financial News

    Blackstone to buy Preferred Apartment Communities in $5.8 billion deal

    by Reuters February 16, 2022
    by Reuters February 16, 2022

    -Preferred Apartment Communities Inc said on Wednesday a Blackstone Inc unit would buy it in a $5.8 billion deal, as the world’s biggest alternate asset manager ramps up investments in …

  • Financial News

    Goldman Sachs Private Wealth Management arm opens new office in Monaco

    by Reuters February 16, 2022
    by Reuters February 16, 2022

    PARIS – Wall Street bank Goldman Sachs said its Private Wealth Management division had opened up a new office in the high net-worth hub of Monaco as part of broader …

  • Financial News

    Jaguar Land Rover, Nvidia ally in vehicle software arms race

    by Reuters February 16, 2022
    by Reuters February 16, 2022

    By Joseph White DETROIT – Luxury automaker Jaguar Land Rover and Silicon Valley artificial intelligence company Nvidia said Wednesday they will collaborate to develop the computer brains and nervous systems …

  • Financial News

    Google keeps Android ad tool into at least 2024, exploring other options

    by Reuters February 16, 2022
    by Reuters February 16, 2022

    By Paresh Dave NEW YORK – Alphabet Inc’s Google on Wednesday said it would keep alive for at least two years a tracking technology on its Android phones that is …

  • Financial News

    Ryanair expects summer air fares to be higher than in 2019

    by Reuters February 16, 2022
    by Reuters February 16, 2022

    LISBON -Ryanair expects average air fares during this year’s summer peak season to be significantly higher than pre-COVID ticket prices in the same period in 2019, Group Chief Executive Michael …

  • Financial News

    Wall Street eyes Walmart results for signs of tighter margins, slower growth

    by Reuters February 16, 2022
    by Reuters February 16, 2022

    By Arriana McLymore and Siddharth Cavale NEW YORK, NY – When Walmart on Thursday reports how it fared during the holiday quarter, investors also will want to see how higher …

  • Financial News

    Italy’s Saipem to rethink green drive after profit warning, sources say

    by Reuters February 16, 2022
    by Reuters February 16, 2022

    By Stephen Jewkes MILAN – Italy’s Saipem is set to take a more cautious approach to new green business after delays to a wind farm project helped to tip the …

  • Financial News

    Russia counts on reserves as shield against sanctions

    by Reuters February 16, 2022
    by Reuters February 16, 2022

    By Darya Korsunskaya and Andrey Ostroukh MOSCOW -Possible western sanctions against Russian banks will lead to a spike in market volatility but Russia will be able to withstand restrictions thanks …

  • Financial News

    Samsung Electronics unions threaten first-ever strike, impact unclear

    by Reuters February 16, 2022
    by Reuters February 16, 2022

    By Joyce Lee SEOUL – Unionised workers of Samsung Electronics have threatened what would be an unprecedented strike at the tech giant if their demands for higher pay and better …

  • Financial News

    Embraer’s Eve gets orders for 90 electric aircraft from Australian firms

    by Reuters February 16, 2022
    by Reuters February 16, 2022

    SAO PAULO – Embraer SA’s electric aircraft subsidiary Eve has received orders from Australian charter firms Aviair, HeliSpirit and Microflite for up to 90 electric vertical take-off and landing aircraft …

  • Financial News

    Factbox – UK inflation at 30-year high – what’s changed since 1992?

    by Reuters February 16, 2022
    by Reuters February 16, 2022

    LONDON – Britain’s inflation rate hit its highest since March 1992 in January when it rose to 5.5% and is expected to extend its climb to above 7% in April, …

  • Financial News

    EU top court paves way to cut billions to Poland and Hungary

    by Reuters February 16, 2022
    by Reuters February 16, 2022

    By Gabriela Baczynska BRUSSELS – The European Union’s top court on Wednesday cleared the way to cut billions of euros of funds to Poland and Hungary, whose populist rulers the …

  • Financial News

    Crescent Energy buys EP Energy’s Uinta oil and gas assets for $815 million

    by Reuters February 16, 2022
    by Reuters February 16, 2022

    – Oil and gas producer Crescent Energy said on Wednesday it would buy around 145,000 net acres of oil- and gas-producing assets in the Uinta Basin of Utah from privately …

  • Financial News

    Hilton results top estimates as holiday travel boosts hotel occupancy

    by Reuters February 16, 2022
    by Reuters February 16, 2022

    -Hilton Worldwide Holdings Inc topped analyst estimates for quarterly profit and revenue on Wednesday, as higher vaccinations and a rebound in travel demand during the holiday period boosted occupancy rates …

  • Financial News

    Israel grows 8.1% in 2021, fastest in 21 years; rate hike possible soon

    by Reuters February 16, 2022
    by Reuters February 16, 2022

    By Steven Scheer JERUSALEM -Israel’s economy grew at its fastest pace in 21 years in 2021 as consumer spending, exports and investment rebounded with double-digit gains following a pandemic-stifled 2020, …

  • Financial News

    France’s Atos aims to double market share in supercomputing by 2026

    by Reuters February 16, 2022
    by Reuters February 16, 2022

    By Mathieu Rosemain PARIS – France’s Atos aims to double its global market share in supercomputing to about 16% by around 2026, one of its executive said, stepping up European …

  • Financial News

    Ericsson shares drop after probe on graft in Iraq when ISIS active

    by Reuters February 16, 2022
    by Reuters February 16, 2022

    By Supantha Mukherjee STOCKHOLM – Shares of Ericsson fell more than 12% on Wednesday after the Swedish telecom gear maker disclosed results of an internal investigation that detailed suspect payments …

  • Financial News

    Website creator Wix.com Q4 loss widens, unable to forecast 2022

    by Reuters February 16, 2022
    by Reuters February 16, 2022

    By Steven Scheer JERUSALEM – Wix.com, which helps small businesses build and operate websites, reported on Wednesday a wider fourth-quarter loss and said it could not provide estimates for 2022 …

  • Financial News

    Low risk of sovereign rating pressures from Ukraine tensions, Moody’s says

    by Reuters February 16, 2022
    by Reuters February 16, 2022

    By Marc Jones LONDON – The risk of material credit rating pressures from the current tensions between Russia and Ukraine is low, Moody’s said on Wednesday, unless the situation continues …

  • Financial News

    German Finance Minister expects G20 to address international financial stability

    by Reuters February 16, 2022
    by Reuters February 16, 2022

    BERLIN – Finance chiefs from the Group of 20 major economies will address international financial stability at their meeting this week and reference to the issue can be expected in …

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