Central American migrant pleads guilty to deadly 2023 stabbing outside Copiague deli
HAUPPAUGE, N.Y. — A Salvadoran national has pleaded guilty to manslaughter for a fatal stabbing that occurred outside a Copiague deli in 2023, Suffolk County District Attorney Raymond A. Tierney announced Wednesday.…
Brazil’s Azul aims to increase flight routes by 30% in 2023, CEO says
By Aluisio Alves SAO PAULO (Reuters) – Brazilian airline Azul expects to expand its routes by 30% next year, with plans to add new slots at Sao Paulo’s Congonhas airport, one of…
Chemical maker Sika sets higher sales goal for 2023, hikes 2022 outlook
By John Revill ZURICH (Reuters) -Sika expects to increase its sales between 15% and 18% next year, the Swiss company said on Tuesday, after raising its 2022 outlook and putting a chunk…
Mexico’s economy seen reaching pre-pandemic levels in 2023, lagging peers -Fitch
MEXICO CITY (Reuters) – Mexico’s economy is forecast to finally claw its way back to pre-pandemic levels sometime next year, ratings agency Fitch Ratings said on Friday, after COVID-19 ground the global…
U.S. house price inflation to plunge in 2023, fair value still a distant dream
By Prerana Bhat and Indradip Ghosh BENGALURU (Reuters) – Skyrocketing U.S. house prices will rise at their weakest pace in more than a decade next year as worsening affordability dents demand, according…
UK inflation to hit 15% in early 2023, Citi predicts
LONDON (Reuters) – British consumer price inflation is likely to peak at an annual rate above 15% in the first three months of next year unless there are government measures to lower…
EV startup Fisker explores higher production in 2023, U.S. manufacturing
(Reuters) – Electric-vehicle startup Fisker Inc said on Friday it was exploring options to manufacture in the United States in 2024 and was considering ramping up production of its first vehicle, the…
Philippine central bank chief sees 2023 inflation back within target band
MANILA – The Philippine central bank expects inflation to ease back to within its 2%-4% target band next year, from a projected average of 5% this year, its governor said on Friday.…
Asian firms’ capex to shrink in 2023, first since ’15 – data
By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – Asian companies will slow investment sharply this year, deterred by soaring interest rates and fears of deepening recession, and budgets will on average fall…
Taiwan chipmaker UMC sees further growth for sector into 2023
By Sarah Wu TAIPEI – Taiwanese chipmaker United Microelectronics Corp (UMC) said on Wednesday it sees continued growth for the industry into next year, even as soaring inflation and recession fears cool…
Spain raises inflation forecast for 2022, lowers GDP growth target for 2023
MADRID – Spain raised its inflation forecasts for 2022 and 2023 and lowered its economic growth target for 2023, Economy Minister Nadia Calvino said on Tuesday, citing the war in Ukraine for…
UK leadership candidate Truss pledges to ditch all EU laws by 2023
LONDON – Liz Truss, the leading candidate to succeed Boris Johnson as British prime minister, promised to scrap all remaining European Union laws that still apply in Britain by 2023 if she…
France sees slower growth stalling deficit reduction in 2023
PARIS – French economic growth will slow sharply next year in the face of mounting geopolitical risks, pushing back improvement in the public sector budget deficit until afterwards, the Finance Ministry said…
Hungary approves 2023 budget and deficit cuts after pre-poll spending spree
By Krisztina Than and Anita Komuves BUDAPEST -Hungary’s parliament on Tuesday approved the 2023 budget, which sets out to reduce the budget deficit next year to 3.5% of economic output from a…
Economists see stronger 2022 GDP for Brazil, inflation missing target for third straight year in 2023
BRASILIA – Economists polled by the Brazilian central bank expect the economy to perform better this year but see inflation staying above the official target until 2023, marking three consecutive years of…
Spain expects its economy to continue growing in 2023 – minister
MADRID – Spain’s government expects the Spanish economy to continue growing next year despite the impact of rising inflation and the war in Ukraine, Finance Minister Nadia Calvino said in a radio…
Lufthansa expects flight operations to return to normal in 2023 – Welt
BERLIN – Lufthansa does not expect its global airline operations to return to normal until 2023 after staff shortages and booming demand amid the lifting of COVID-19 restrictions forced it to cancel…
Brazil’s central bank aims for inflation ‘around’ 3.25% target in 2023
BRASILIA – Brazil’s central bank is aiming for inflation in 2023 “around” the 3.25% target but less than 4%, its chief, Roberto Campos Neto, said on Thursday, as policymakers hike interest rates…
China’s CATL to produce next-generation EV battery in 2023
SHANGHAI – Chinese battery giant CATL will start mass production next year of its latest generation product, with greater efficiency that lets electric cars drive longer distances on each charge, the company…
Chesapeake Energy sees 10% oilfield inflation in 2023 compared to 2022
(Reuters) – Shale producer Chesapeake Energy is anticipating roughly 10% oilfield inflation in 2023 compared with the current year, Chief Executive Officer Nick Dell’Osso said on Wednesday at a conference in New…
Warner Music CEO Cooper to step down by end of 2023
(Reuters) -Warner Music Group in a regulatory filing on Wednesday said its longest-tenured chief executive, Steve Cooper, will leave the media company by the end of next year. Cooper was appointed CEO…
High fuel prices to persist into 2023, Wood Mackenzie says
By Rowena Edwards and Ron Bousso LONDON – Consumers can expect fuel prices at the pump to remain high into next year due to disruptions to Russian oil supplies and as refineries…
Global port congestion, high shipping rates to last into 2023 – execs
By Jeslyn Lerh SINGAPORE – Global port congestion is set to continue until at least early 2023 and keep spot freight rates elevated, logistics executives said on Wednesday, urging charterers to switch…
Exclusive-Czech minister plans lower 2023 deficit to keep fiscal plans on track
By Jan Lopatka and Jason Hovet PRAGUE – The Czech Republic’s finance minister told Reuters he aimed to keep next year’s budget deficit target below this year’s plan – after a report…
Harvard University president says he will step down in 2023
(Reuters) – Harvard President Lawrence Bacow said on Wednesday that he would leave his post in June 2023 after helping shepherd the nation’s oldest university through the COVID pandemic. Bacow, 70, did…
StanChart CEO sees shallow and short recession by early 2023
By Divya Chowdhury MUMBAI – Standard Chartered Chief Executive Bill Winters expects central banks’ fight against surging inflation, driven by structural cost pressures such as wage growth, to result in a “relatively…
Breaking News
