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 …
All News
-
- Business NewsUS and World News
Construction industry groups oppose Biden’s executive order in letter to White House
by Reutersby ReutersWASHINGTON – 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 Reutersby ReutersBy 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 …
-
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 …
-
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 Reutersby Reuters-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 Reutersby ReutersPARIS – 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 …
-
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 Reutersby ReutersBy 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 …
-
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 Reutersby ReutersBy 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 Reutersby ReutersBy 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 …
-
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 Reutersby ReutersBy 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 Reutersby ReutersSAO 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 Reutersby ReutersLONDON – 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, …
-
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 Reutersby Reuters– 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 Reutersby Reuters-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 Reutersby ReutersBy 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 Reutersby ReutersBy 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 Reutersby ReutersBy 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 Reutersby ReutersBy 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 Reutersby ReutersBy 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 Reutersby ReutersBERLIN – 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 …