SHANGHAI – China will further cut interest rates to stabilise the economy, as shrinking China-U.S. yield spreads won’t change Beijing’s monetary policy loosening bias, the China Securities Journal reported on …
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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 …
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TOKYO – Japan’s Honda Motor will reduce factory production by about 10% in two domestic plants through the end of March, it said on Thursday, citing the global microchip shortage …
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– Russia has essentially been cut off from global capital markets as western companies and investors increasingly shun doing business in the country following its invasion of Ukraine, BlackRock Inc …
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– Sezzle Inc said on Thursday it will cut 20% of its positions in North America, and likely take about $0.5 million in one-time cash charges in fiscal year 2022, …
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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 …
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By Simon Jessop and Brenna Hughes Neghaiwi LONDON/ZURICH – Investors managing $2.4 trillion are calling on Credit Suisse to take tougher climate action, including cutting its exposure to fossil fuel …
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By Danielle Kaye, Paresh Dave and Jeffrey Dastin NEW YORK – Ukraine has urged cloud-computing and software giants including Microsoft Corp and SAP SE to cut off Russia to stop …
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Western Companies Are Happy To Cut Ties With Russia, But Stay Silent On Uyghur Genocide Ailan Evans on March 5, 2022 Western businesses have exited Russia in droves since the …
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– Visa Inc will lower consumer credit interchange rates for small businesses in the United States by 10%, effective next month, to help merchants recovering from the COVID-19 pandemic, according …
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By Ross Kerber – A responsible-investing group representing $10 trillion of assets under management and advisement said companies could be right to cut Russian business ties to protest Moscow’s invasion …
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– Companies have limited, put on hold or exited business activities in Russia following a wave of sanctions imposed after Moscow’s invasion of Ukraine. Below is a list of companies …
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LONDON -British Prime Minister Boris Johnson said on Saturday that the world should cut Russia off from the global SWIFT payments system and said more countries supported such a move. …
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Phil Murphy’s administration has released 40% of inmates and is now threatening to cut 60% of prison staff over vaccine mandate
by Phil StiltonTRENTON, NJ – New Jersey Governor Phil Murphy isn’t done emptying the state’s prisons yet. After releasing over 2,000 convicted criminals under his emergency pandemic release program, the governor is …
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– Speculators cut their net long U.S. dollar positions in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value …
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BERLIN – Cutting off Russia from the SWIFT global interbank payment system should not be part of the second EU sanctions package against Russia that EU leaders will decide upon …
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KYIV – Ukraine’s foreign minister on Thursday urged countries to ban Russia from the SWIFT global interbank payments system – one of the toughest non-military sanctions the West could impose …
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COPENHAGEN – Carlsberg has shut its brewery in Lviv, western Ukraine, after supplies of natural gas to the brewery were cut, a company spokeswoman told Reuters. (Reporting by Jacob Gronholt-Pedersen; …
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PRAGUE – Czech President Milos Zeman, who had in the past promoted warm relations with Moscow, said on Thursday Russia’s attack on Ukraine was “crime against peace” and required a …
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FRANKFURT – The European Central Bank may need to end its bond buys sooner than earlier thought given mounting inflation risks, ECB policymaker Gaston Reinesch said, joining a growing number …
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PARIS – France can only afford to cut business tax by another 10 billion to 15 billion euros without putting its public deficit reduction plans at risk, Finance Minister Bruno …
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LONDON – British retailers have cancelled 7.1 billion pounds ($9.6 billion) in contracts over the last 12 months with suppliers that do not meet their ethical and sustainability standards, according …
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– Tesla Inc decided to remove one of the two electronic control units included in the steering racks of some made-in-China Model 3 and Model Y cars to meet fourth-quarter …
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SAN FRANCISCO – Ford Motor plans to suspend or cut production at eight of its factories in the United States, Mexico and Canada throughout next week because of chip supply …
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Two men have been charged with threatening to kill President Joe Biden, authorities announced Monday. Scott Ryan Merryman, 37, of Independence, Kansas, was arrested after allegedly calling police and informing …