Car crashes into Middletown Post Office after driver mistakes gas for brake
MIDDLETOWN, N.J. — A white sedan crashed through the front entrance of the Middletown Post Office on Tuesday afternoon after the driver reportedly mistook the gas pedal for the brake, authorities said.…
Germany’s debt brake must be respected – finance minister
BERLIN (Reuters) – Germany’s debt brake must be respected, Finance Minister Christian Lindner told public broadcaster ARD on Tuesday, after a court ruling blew a 60-billion-euro ($64.92 billion) hole in the country…
German finance minister defends 2023 debt brake suspension forced by court ruling
By Christian Kraemer and Maria Martinez BERLIN (Reuters) – German Finance Minister Christian Lindner defended on Friday his supplementary budget for 2023 which suspends Germany’s cap on borrowing this year after a…
Analysis-German budget row prises open debt brake debate
By Andreas Rinke and Sarah Marsh BERLIN (Reuters) – Germany’s budget crisis has given new momentum to reforming self-imposed borrowing limits even among the opposition conservatives, as hunger for sorely needed investment…
Factbox-German budget crisis tests limits of its ‘debt brake’
BERLIN (Reuters) – Germany’s constitutional court ruled last week that the coalition government’s decision to re-allocate 60 billion euros ($65 billion) of unused debt from the pandemic era to climate and industry…
Factbox-Special funds: how Germany gets round the debt brake
(Reuters) – Germany sees itself as the European defender of solid finances with its debt brake restricting the public deficit to 0.35% of GDP but the euro zone’s largest economy relies on…
Polaris Recalls Off-Road Vehicles Due to Brake and Fire Hazards
NEW YORK, NY – Polaris issued a recall for about 1,065 RANGER XP 1000 NorthStar and XP 1000 NorthStar Crew off-road vehicles, including 40 sold in Canada, due to brake and fire…
Brake Issue Found in Ford F-150 Pickups
TRENTON, NJ – Nearly one million Ford F-150s on the roads may have a brake failure waiting to cause a serious if not deadly incident. Many of those vehicles were sold right…
Analysis-Price drop fears put a brake on European grocers’ rally
By Joice Alves LONDON (Reuters) – European grocers could exceed market expectations for earnings growth this year as they keep prices high even as costs fall, but the spectre of declining inflation…
Fed’s foot ‘unequivocally’ on brake, sensible to move slower, Barkin says
WASHINGTON (Reuters) – Tight monetary policy is “unequivocally” slowing the U.S. economy, allowing the Federal Reserve to move “more deliberately” with any further interest rate increases, Richmond Fed President Thomas Barkin said…
Italian brake maker Brembo plans expansion in northern Mexico
MEXICO CITY (Reuters) – Italian premium brakes maker Brembo, which supplies Tesla, Ferrari and other car companies, plans to expand one of its factories in the northern Mexican state of Nuevo Leon,…
German inflation to stay in double digits despite gas price brake, Bundesbank says
FRANKFURT (Reuters) – Inflation in Germany may well remain in double digits into next year despite the government’s efforts to curb energy prices, the Bundesbank said on Wednesday. With consumer prices in…
Man who cut NYC police car brake line gets three years in prison
New York, NY – A New York City man who intentionally cut the brake line of an NYPD police car was handed a three-year prison sentence by United States District Judge William…
Germany will stick to debt brake in 2023 despite new relief package – minister
BERLIN (Reuters) – Germany’s constiutional debt brake will not be affected by a 65 billion euro ($64.68 billion) relief package to help citizens and companies cope with rising inflation, Finance Minister Christian…
Brake Failure Cause of Highway 86 Tractor Trailer Crash
NORTH ELBA, NY – The New York State Police reported that brake failure caused a tractor-trailer to leave the roadway and crash into nearby trees yesterday. According to the New York State…
Germany’s Scholz says goal to reduce inflation with 2023 debt brake
BERLIN – Germany must refrain from funding long-term subsidies with further credit in order to return to its constitutionally enshrined debt brake next year, Chancellor Olaf Scholz said on Wednesday. “The goal…
Brake maker Brembo says order book full as core earnings climb
(Reuters) – Brake maker Brembo has a full order book and all of its plants are running at full capacity, apart from those in China due to a COVID-19 lockdown, its executive…
Pirelli puts brake on Russian activities
ROME – Italy’s Pirelli said on Thursday it had halted investments in Russia, excluding those linked to security, and that the activity of its factories in the country would be curtailed. “Pirelli…
Biden Admin Investigating 416,000 Tesla Vehicles For Brake Problems
The National Highway Traffic Safety Administration (NHTSA) is investigating over 400,000 Tesla vehicles for unexpected brake activation following a series of recalls by the electric car company. The investigation stems from 354…
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