Google says shared network costs is 10-year-old idea, bad for consumers
By Foo Yun Chee BRUSSELS (Reuters) – Alphabet unit Google on Monday rebuffed a push by European telecoms operators to get Big Tech to help …
Costs
Spanish industrial prices jump 42% lifted by energy costs
MADRID (Reuters) – Spanish industrial prices accelerated by 41.8% in the 12 months through August ending four months of easing increases, the National Statistics Institute …
Exclusive-With eye on Big Tech, energy crisis, EU telcos call for shared network costs
By Foo Yun Chee BRUSSELS (Reuters) – Deutsche Telekom, Orange, Telefonica and 13 other European telecoms providers on Monday made their strongest push for Big …
Poorer nations face rising debt servicing costs in 2024 – report
LONDON (Reuters) – Some of the nations most vulnerable to climate change face a sharp rise in debt service payments in the coming two years, …
Biden urges energy companies to lower costs for consumers
WASHINGTON (Reuters) – U.S. President Joe Biden on Thursday pressed the U.S. energy industry to lower costs for consumers who had been stung by high …
Meta aims to cut costs by at least 10% within next few months – WSJ
(Reuters) – Meta Inc is looking to trim its costs by at least 10% within the next few months, the Wall Street Journal reported on …
Chemours cuts earnings forecast on low demand, high input costs
(Reuters) – Chemours Co cut its full-year forecast for adjusted earnings on Wednesday citing low demand and high input costs, sending its shares down 5% …
Biden says ‘the pandemic is over’ even as death toll, costs mount
By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden said in an interview aired on Sunday that “the pandemic is over,” even though the …
Schepisi Slams Murphy Admin Over Rising Public Healthcare Costs
In a letter to members of the New Jersey State Health Benefits Commission prior to their meeting to consider astronomical increases in health benefits costs, …
Despite Food Costs Skyrocketing, Biden Claims Victory At ‘Kitchen Table’
Despite Food Costs Skyrocketing, Biden Claims Victory At ‘Kitchen Table’ John Hugh DeMastri on September 13, 2022 Despite August seeing the highest hike in food …
Ford will challenge dealers to match Tesla’s lower selling costs
By Joseph White and Ben Klayman DETROIT (Reuters) – Ford Motor Co Chief Executive Jim Farley will go to Las Vegas next week to roll …
Argentine soy farmers who hoard stock to face higher financing costs, central banks says
By Maximilian Heath BUENOS AIRES (Reuters) – Argentine soy farmers who hold onto stock of more than 5% of their production will face an elevated …
New Canadian air rules risk higher costs, fares -airline group
MONTREAL (Reuters) – Canadian airlines face potentially higher costs as new rules that take effect on Thursday broaden passenger refund requirements to cases of cancelled …
U.S. Attorney Settles Fraud Lawsuit Against Non-Profit For Inflating Medicaid Reimbursements By Falsely Reporting Millions In Costs
Damian Williams, the United States Attorney for the Southern District of New York, and Scott Lampert, the Special Agent in Charge of the New York …
Three Companies Agree to Plead Guilty to Federal Offense and Pay Nearly $13 Million in Federal Fines and Response Costs for Offshore Oil Spill
LOS ANGELES – A Texas-based oil company and two of its subsidiaries have agreed to plead guilty to violating the federal Clean Water Act, …
Brazil’s consumer prices fall on lower transportation costs
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian consumer prices fell in the month to mid-August thanks to lower fuel prices on the back of …
Aussie grocers to benefit from higher prices, rising costs a worry
By Riya Sharma and Savyata Mishra (Reuters) – Earnings of Australia’s two biggest supermarket chains may get a boost from sustained demand for groceries and …
China demand doubts darken mood as miners baulk at energy costs
By Clara Denina LONDON (Reuters) – The prospect of a global recession and doubts over economic stimulus in China, the world’s biggest user of raw …
Sky-high energy costs to fan fire under aluminium and zinc prices
By Peter Hobson LONDON – Slowing economic growth is weighing on industrial metals prices but zinc and aluminium are likely to outperform if sky-high energy …
‘Bidenflation’: Despite Plummeting Energy Costs, Producer Prices Remain High
‘Bidenflation’: Despite Plummeting Energy Costs, Producer Prices Remain High John Hugh DeMastri on August 11, 2022 The Producer Price Index (PPI), which measures the average …
Mexico issues measures to mitigate high costs of train cargo as inflation soars
MEXICO CITY -Mexico’s government on Wednesday said it had issued so-called “emergency directives” for the transportation via train of products in a staple basket of goods with the …
Coca-Cola bottler to detail costs of exiting Russia
By Jessica DiNapoli NEW YORK – Coca-Cola Co’s bottler Coca Cola HBC AG will on Thursday detail the cost of stopping production and sales of …
Rhine water falls again in Germany, river shipping costs rise
HAMBURG – Water levels on the river Rhine in Germany have fallen again in hot and dry weather and shipping costs are rising as vessels …
ABN Amro’s quarterly profit beats estimates despite rising costs
AMSTERDAM -Dutch bank ABN Amro beat analyst expectations on Wednesday with a jump of 21% in second-quarter net profit to 475 million euros ($485 million), …
Toshiba logs surprise quarterly operating loss on higher materials costs
TOKYO – Toshiba Corp on Wednesday posted an unexpected operating loss in the April-June first quarter as it grappled with a global chip shortage and …
Ford raises prices of electric F-150 pickup amid high commodity costs
(Reuters) – Ford Motor Co said on Tuesday it would raise the prices of its electric F-150 Lightning pickup as the U.S. carmaker deals with …
Australia business activity booms in July, costs surge
By Wayne Cole SYDNEY – A measure of Australian business confidence rebounded in July as sales and profits held up surprisingly well in the face …
Japan bank lending picks up on demand to meet rising material costs
By Leika Kihara TOKYO – Japanese bank lending rose 1.8% in July from a year earlier, accelerating from the previous month, as some companies borrowed …
Auto supplier Aptiv lowers outlook as China lockdowns, costs bite
(Reuters) -Auto parts supplier Aptiv Plc on Thursday cut its full-year profit and revenue forecast, as lockdowns in China took a bite out of quarterly …
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 …
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 …
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 …
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 …
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 …
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 …
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, …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …