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…
Dollar borrowing costs rise as euro, yen fall
LONDON – Borrowing costs for U.S. dollars in currency derivatives markets rose sharply on Thursday after the dollar surged to within striking distance of its highest levels in two decades. The dollar…
Cenergistic Energy Management Program to Provide Millions in Savings and Help Combat Rising Energy Costs for Four New Partners
DALLAS, April 26, 2022 — Thanks to a new partnership with Cenergistic, four new organizations will have the technology and resources they need to optimize their energy use so they can spend…
Retailer WH Smith may raise prices to meet higher shipping costs
By Sinchita Mitra (Reuters) -WH Smith may have to raise the prices of certain products this year after the British retailer flagged higher shipping costs from the Far East, inflationary pressures and…
Citigroup CEO: covering employee travel costs for abortions not statement on ‘sensitive issue’
NEW YORK – Citigroup Chief Executive Jane Fraser said Tuesday that the bank’s policy of reimbursing employee travel to get reproductive healthcare services, including abortions, is not intended to be “a statement…
Power costs drive Spanish industrial prices to new record high in March
(Reuters) – Spanish industrial production prices rose at a record annual rate for the sixth straight month in March, pushed up by soaring energy costs, data from the National Statistics Institute (INE)…
Rising calls for U.S. LNG revive stalled export projects, but at higher costs
By Marcy de Luna HOUSTON – Soaring demand for U.S. liquefied natural gas (LNG) as buyers steer clear of Russian fuel is putting some long-stalled U.S. export projects back on track. But…
Weak won fuels Hyundai Motor Q1 profit, offsets chip shortage, costs
By Heekyong Yang SEOUL – Hyundai Motor Co is likely to report a 4% bump in first-quarter profit thanks to a sharply weaker won boosting the value of its exports and offsetting…
Northrop Grumman Agrees to Pay the United States $35 Million for Cleanup Costs at Bethpage Site Costs
Breon Peace, United States Attorney for the Eastern District of New York, and Karnig Ohannessian, Deputy Assistant Secretary of the Navy (Environment & Mission Readiness), announced today that Northrop Grumman has agreed…
U.S. airline demand, costs soaring as earnings kick off
By Rajesh Kumar Singh CHICAGO -Major U.S. airlines are enjoying the strongest travel demand in three years, yet investors will focus on how they are mitigating mounting inflationary pressures when they report…
Japan finance panel warns on higher rates pushing up borrowing costs
TOKYO – An advisory panel to Japanese Finance Minister Shunichi Suzuki warned on Friday of a risk of a spike in interest payments on public debt and urged efforts to ensure sound…
BOC Aviation says lessors seeing ‘horrendous’ hikes in insurance costs
By Padraic Halpin DUBLIN – The likely huge insurance claims related to the cancellation of aircraft leases in Russia is already leading to “horrendous” hikes in the cost of renewing policies, the…
U.S. will keep raising economic costs on Putin, Biden says
WASHINGTON – The United States plans to keep raising the economic costs on Russian President Vladimir Putin over his invasion of Ukraine, U.S. President Joe Biden said on Wednesday, as he touted…
ECB move to temper energy costs would push up unemployment – DIW think tank
FRANKFURT – The European Central Bank could cut households’ fuel bill by raising interest rates but that would weigh on industrial output and boost unemployment, the German Institute for Economic Research or…
Santander to reallocate costs of corporate centre to business units
MADRID – Spain’s Santander on Monday said that starting during the first quarter of 2022 it would change the group’s financial reporting of segments, reallocating certain costs of the corporate centre segment…
Maersk warns Shanghai city lockdown to boost transport costs further
SHANGHAI – Danish shipper Maersk said the Shanghai lockdown will severely hurt trucking services and increase transport costs, as China’s intensifying efforts to fight the spread of COVID-19 further rattles global supply…
Daimler Truck sees electric trucks costs staying high, FT says
(Reuters) – The chief executive of Daimler Truck said electric truck costs would “forever be higher” than those using combustion engines, the Financial Times reported on Sunday, as Russia’s invasion of Ukraine…
Power costs drive Spanish industrial prices to record high
– Spanish industrial production prices rose at a record annual rate for the fifth straight month in February, pushed up by soaring energy costs, data from the National Statistics Institute (INE) showed…
Wall Street cuts McDonald’s profit estimates on Russia costs
By Hilary Russ NEW YORK – Wall Street analysts have slashed their forecasts for McDonald’s Corp’s 2022 and 2023 profit, the latest sign that some Western companies stand to take a financial…
As costs spike in Japan, even businesses tailored to deflation lift prices
By Kantaro Komiya, Tetsushi Kajimoto and Daniel Leussink TOKYO – As war in Ukraine drives up already high input costs, even firms with business models fine-tuned to Japan’s deflationary economy are toying…
EXCLUSIVE: Migrants Evading Arrest Cause American Communities Near The Border To Pay Significant Costs
EXCLUSIVE: Migrants Evading Arrest Cause American Communities Near The Border To Pay Significant Costs Jennie Taer on March 15, 2022 A Texas rancher gave the Daily Caller News Foundation an exclusive look…
Yellen says gas tax cut among options to ease higher costs at the pump
By David Lawder DENVER – A U.S. gasoline tax cut is among the options being considered to provide relief to consumers, U.S. Treasury Secretary Janet Yellen said on Friday, adding she was…
Brazil to end port costs in tax calculation to cheapen imports
BRASILIA – Brazil’s government is planning to allow port costs to be excluded from tax calculations to lower the cost of imports, three Economy Ministry sources told Reuters, in a measure backed…
Years of low U.S. consumer energy costs wane following Russian invasion
By Stephanie Kelly NEW YORK – U.S. motorists, already dealing with a steep rise in spending on fuel as the economy rebounded from the coronavirus-induced recession, are now dealing with surging gasoline…
Recent surge in energy costs to cut Italy 2022 GDP by 0.7 points – ISTAT
ROME – The recent surge in energy prices will reduce Italy’s economic growth this year by around 0.7 percentage points, national statistics institute ISTAT estimated on Wednesday. In its monthly economic bulletin…
Europe-wide gas price cap needed to limit soaring costs – Engie CEO
BRUSSELS – A Europe-wide cap on gas prices is needed to respond to soaring prices and contain price volatility in the gas and electricity markets, Engie chief executive Catherine MacGregor said on…
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