Sherrill joins Dem chorus blaming Trump and Ciattarelli for skyrocketing energy costs under Phil Murphy
NEWARK, N.J. — Democratic gubernatorial candidate Mikie Sherrill joined a growing list of New Jersey Democrats Thursday in blaming President Donald Trump and GOP candidate Jack Ciattarelli for the state’s rising utility…
Australia’s Star Entertainment flags lower revenue on COVID, regulatory costs
(Reuters) – Australia’s Star Entertainment Group Ltd said on Friday its annual revenue would dip from year-ago levels, pulled down by long spells of operating restrictions, pandemic-led border closures and high regulatory…
HeidelbergCement lowers profit outlook on high energy costs
FRANKFURT – HeidelbergCement, the world’s No.2 cement maker, on Thursday posted a 4.3% drop in second-quarter core profit, citing challenges ahead because of an unprecedented increase in energy prices. The results from…
Bristol Myers discloses $39 million in Russia exit costs
(Reuters) – Bristol Myers Squibb Co said on Wednesday it had transferred its commercial operations in Russia to a third-party distributor and incurred $39 million in related costs. The drugmaker said in…
Panama to regulate prices of 72 food items to ease rising living costs
PANAMA CITY – The Panamanian government announced on Monday it will regulate the price of 72 food items following weeks of angry protests and street blockades demanding the government take measures to…
Factbox-Australian miners warn of labour shortage, higher costs
(Reuters) – Australian mining firms said a dearth of skilled labour hit output and warned of lower production in fiscal 2022 and 2023, while also grappling with a surge in costs. Strict…
As borrowing costs rise, Canadian companies look to delay expansion plans
By Divya Rajagopal TORONTO – Some Canadian businesses are reconsidering their expansion plans after the central bank’s surprise full percentage point interest rate hike last week, and instead are sharpening their focus…
More Japan firms to pass on costs of rising commodity prices, weak yen- Reuters poll
By Tetsushi Kajimoto TOKYO – Four out of five large Japanese firms are passing on higher commodity costs to customers or intend to do so, a Reuters poll found, a sharp rise…
Japan business mood subdued on chip shortage, raw material costs – Reuters Tankan
By Daniel Leussink TOKYO – Confidence at Japanese manufacturers in July was subdued, a Reuters poll showed, reflecting pressure from a problematic chip shortage, China’s heavy pandemic response and a weak yen…
Interest policy will help Nubank lower funding costs, say analysts
SAO PAULO – Nubank Holdings Ltd’s announcement that Brazilian customers’ deposits will not yield interest in the first 30 days was seen by analysts as an important step toward reducing the digital…
Demand, costs in focus as U.S. airlines report earnings
By Rajesh Kumar Singh CHICAGO – Major U.S. airlines are poised to post their strongest earnings since the start of the pandemic when they report quarterly results starting on Wednesday. But mounting…
Major City To Pay For Travel Costs When Its Employees Seek Out-Of-State Abortions
Major City To Pay For Travel Costs When Its Employees Seek Out-Of-State Abortions Gabe Kaminsky on June 28, 2022 Cincinnati will reimburse government employees who travel to other states for abortions, the…
Peru truckers, farmers to strike over fuel and fertilizer costs
By Marco Aquino LIMA – Peru’s truckers and some farm groups will go on strike on Monday after failing to reach agreements with the government seeking measures to reduce the impact of…
Bank of America will cover employee travel costs for abortions
NEW YORK – The second-largest U.S. bank, Bank of America, joined other top financial firms in saying on Friday it will cover travel costs for employees who need to go out-of-state to…
Deutsche Bank will cover travel costs for employees seeking abortions -source
NEW YORK – Deutsche Bank AG is updating its U.S. healthcare policy to cover travel costs for any medical procedure, including abortion, that is not offered within 100 miles of an employees’…
Messaging app Telegram: few paid subscribers needed to cover costs
(Reuters) – The Telegram messaging app, used by a wide range of Russian and Ukrainian officials during the war, only needs a small number of paid subscribers to cover its costs, founder…
GM hikes Hummer EV price by over $6,000 as commodity, shipping costs rise
(Reuters) – General Motors Co on Friday raised the price of its Hummer EV pickup truck by $6,250 as it seeks to mitigate higher commodity and shipping costs amid high demand for…
Italy’s borrowing costs unjustifiably high: ECB’s Visco
MILAN – Italy’s borrowing costs are unreasonably high so European Central Bank support to temper yields on the bloc’s periphery is fully justified, Italian central bank chief Ignazio Visco said on Thursday.…
Ukraine war, soaring costs shake Australia farmer confidence – survey
SYDNEY – Australian farmers’ confidence fell in the latest quarter, as rising production costs took some shine off high commodity prices and prospects of a bumper harvest, a survey showed on Tuesday.…
Israel to boost building starts in bid to rein in soaring housing costs
By Steven Scheer JERUSALEM – Israel’s government plans to sharply boost construction starts and expand a discount scheme aimed at restraining rapidly rising housing prices as demand continues to outstrip supply. Under…
Smithfield to close Vernon plant due to rising California costs
By Leah Douglas (Reuters) – Smithfield Foods, the largest pork processor in the world, will close its Vernon, California, plant and reduce its hog herd in the West, the company announced Friday.…
Thai consumer mood at 9-min low in May on living costs, Ukraine war
BANGKOK – Thai consumer confidence dropped for a fifth straight month in May, hitting a ninth-month low, due to worries over higher living costs and the impacts of Russia’s invasion of Ukraine,…
Portuguese airline TAP says turnaround on track despite fuel costs, FX
LISBON – The restructuring at Portuguese airline TAP, designed to bring it back to profit in the next few years, is on track despite soaring fuel costs and the dollar’s appreciation against…
U.S. productivity tumbles in first quarter; labor costs surge
WASHINGTON – U.S. worker productivity fell at its steepest pace since 1947 in the first quarter, while growth in unit labor costs accelerated, the government confirmed on Thursday, signs that strong wage…
Firms in India’s ancient shoe capital squeezed by costs, fading demand
By Manoj Kumar AGRA, India – In his small shoe factory in the Indian city of Agra, Rajesh Kumar, his two brothers and three workers have been sitting idle for a week,…
Spanish factory activity picks up in May, costs rising -PMI
MADRID – Factory activity in Spain picked up some speed in May, a survey showed on Wednesday, although rising production costs and geopolitical uncertainty weighed on sentiment among businesses. S&P Global’s Purchasing…
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