Europe’s banks flash some good news but downbeat on economy
By Tom Sims and Sinead Cruise FRANKFURT/LONDON – European banks this week offered flashes of surprisingly good news on profits, but some executives spoke of a bleak outlook for the…
By Tom Sims and Sinead Cruise FRANKFURT/LONDON – European banks this week offered flashes of surprisingly good news on profits, but some executives spoke of a bleak outlook for the…
By Soo-hyang Choi SEOUL – North Korea’s economy shrank in 2021 for a second straight year after suffering its biggest contraction in more than two decades the previous year amid…
By Tarek Amara and Angus McDowall TUNIS – By ramming through his new constitution, President Kais Saied has cemented his role as master of Tunisia, heralding a new political era…
By Dan Williams JERUSALEM -Russia criticised Israel’s stance on the war in Ukraine but said on Tuesday that a dispute over a Jewish emigration agency was a legal matter that…
TAIPEI – Taiwan’s trade-reliant economy is expected to have expanded on the back of strong global demand for computer chips, though COVID-19 lockdowns in top export market China and a…
WASHINGTON – The U.S. Department of Defense is considering whether it can send fighter jets to Ukraine in the future, a White House spokesman told reporters on Friday as the…
By Tim Hepher FARNBOROUGH, England – Europe’s Airbus, locked in a dispute with Dassault Aviation over the next stage of a Franco-German-Spanish fighter project, is thinking about other options but…
US Army Abandons Recruitment Goals, But Not Its Woke Policies Micaela Burrow on July 20, 2022 The Army cut its force size projections for 2022 and 2023 Tuesday in the…
ROME – Italian Prime Minister Mario Draghi won a confidence motion in the upper house Senate on Wednesday, but three main coalition parties refused to take part in the vote,…
By Alasdair Pal COLOMBO – Sri Lanka’s imposing presidential secretariat which was stormed by a sea of protesters in early July, forcing out then incumbent Gotabaya Rajapaksa, was almost deserted…
LONDON – Major British firms are preparing for a recession by focusing on cost-cutting but their investment plans remain strong which suggests they do not fear a severe downturn, according…
By Makiko Yamazaki, Scott Murdoch and Kane Wu TOKYO/HONG KONG – KKR & Co does not plan to lead a bid for Japanese conglomerate Toshiba Corp at this point, three…
FARNBOROUGH, England – The chief executive of EasyJet said the low-cost airline had stabilised it flight operations after cutting its summer schedule last month, but melting runways and air traffic…
By Alun John (Reuters) -Consumer-focused digital tokens issued by private companies could be better than central bank-issued tokens assuming the companies can be regulated appropriately, the Australian central bank governor…
STOCKHOLM – Crisis-hit airline SAS and unions have made progress on a new savings deal to end a 13-day pilots’ strike, but significant issues have yet to be resolved, a…
NYC Paid Teachers Millions For Failing ‘Biased’ Licensing Tests. But The Reasons Don’t Add Up Reagan Reese on July 15, 2022 Thousands of black and Latino teachers are getting a…
NUSA DUA, Indonesia – Emerging markets and low-income countries may benefit in some cases from capital flow management and foreign exchange intervention, but should not use such tools to gain…
WASHINGTON – U.S. producer prices increased more than expected in June amid rising costs for energy products, but underlying producer inflation appeared to have peaked. The producer price index for…
OTTAWA, July 13 (Reuters)- The Bank of Canada on Wednesday dramatically upped its near-term inflation forecasts and said there was an increased risk of higher price gains becoming entrenched, as…
WASHINGTON – U.S. President Joe Biden said June inflation figures were “unacceptably high” but also said they were out of date given the recent drop in gasoline prices. “Energy alone…
By Davide Barbuscia NEW YORK – Vanguard Group, the world’s second-biggest asset manager, said on Wednesday the U.S. economy had a growing chance of falling into recession in the next…
By Ross Kerber (Reuters) – Average support for shareholder resolutions on environmental, social and governance (ESG) topics at U.S. companies dipped to 26.6% this year from 32% in 2021 as…
By John Irish and Arshad Mohammed PARIS/WASHINGTON -France’s new foreign minister said on Tuesday there were only a few weeks to revive Iran’s 2015 nuclear deal with world powers, although…
EURO HYPOCRISY: Leaders Condemn Roe Reversal But Have Stricter Abortion Laws Themselves Max Keating on July 8, 2022 Members of the European Parliament voted to condemn the U.S. Supreme Court…
MEXICO CITY – Moody’s Investors Service on Friday cut Mexico’s credit rating by one notch as it expects weak investment prospects and increased structural rigidities to constrain activity in Latin…