Massachusetts sanctuary cities ask judge to block Trump from cutting federal funds
SOMERVILLE, Mass. — The cities of Somerville and Chelsea asked a federal court Tuesday to halt the Trump administration’s efforts to revoke federal funding from sanctuary cities, citing violations of their constitutional…
Turkey’s Erdogan says he will keep cutting rates “as long as I am in power”
ANKARA (Reuters) – Turkish President Tayyip Erdogan vowed on Saturday that the central bank would continue to cut its policy interest rates every month for as long as he stayed in power,…
As Lakewood Homeless Relocate, Town Officials Continue Cutting Down Trees
LAKEWOOD, NJ – The Township of Lakewood was put in the hot seat last month after officials cut down trees in the dowtown square used by the homeless to seek refuge from…
U.S. cutting global donations of Pfizer COVID shots as demand slows
By Michael Erman NEW YORK (Reuters) – The United States is significantly cutting back the number of Pfizer/BioNTech COVID-19 vaccine doses it will buy for donation to poorer nations this year, Pfizer…
Russia seen cutting benchmark interest rate by 50 bps to 7.5% – Reuters poll
By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) – The Russian central bank is expected to cut its key interest rate by 50 basis points to 7.5% on Friday to encourage lending…
Russia burns gas into the atmosphere while cutting supplies to EU
MOSCOW (Reuters) – Russia is wasting large volumes of natural gas by burning it in a huge orange flare near the Finnish border at a time when it has sharply cut deliveries…
Biden to sign law on Tuesday cutting most current EV credits
By David Shepardson (Reuters) – U.S. President Joe Biden will sign legislation on Tuesday that will eliminate electric vehicle tax credits for most models currently getting up to $7,500 effective. The White…
Telecom Italia lifts profit outlook helped by cost cutting
MILAN – Telecom Italia (TIM) on Wednesday improved its core profit target for the year, helped by cost cutting and the contribution from the company’s Brazilian subsidiary in the second quarter. TIM…
Cutting U.S. deficits would help the Fed tame inflation, White House says
WASHINGTON – The Biden administration’s goal of cutting deficits would help the Federal Reserve in its efforts to cut inflation, a top White House economic adviser said on Tuesday. “Enacting deficit reduction…
Russia seen cutting key rate by 50 bps to 9% on Friday
(This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine.) MOSCOW – The Russian central bank is expected to cut its key interest rate by…
S&P upgrades Chinese developer Greenland days after cutting to ‘selective default’
HONG KONG – S&P Global Ratings raised Greenland Holdings Corp Ltd by one notch to “CCC” on Wednesday, after the Chinese state-backed property developer completed a one-year maturity extension on $500 million…
Russia says cutting oil production would have risks, require calculation
(Reuters) – The idea of cutting oil production in Russia to further increase prices has risks and would require calculation, Deputy Finance Minister Alexei Sazanov told Reuters on Friday. Deputy Prime Minister…
Russian central bank governor speaks after cutting interest rates
(Reuters) -Russian Central Bank Governor Elvira Nabiullina gave a news conference after the central bank cut its key interest rate to 9.5% on Friday. Nabiullina spoke in Russian. The quotes below were…
Cutting tariffs on Chinese goods benefit China, U.S. and world: Chinese ministry
BEIJING – Removing all additional tariffs on Chinese goods would benefit China, the United States and the world, China’s commerce ministry said on Thursday, after U.S. Treasury Secretary Janet Yellen said the…
Three Missouri inmates escape from jail after cutting holes in ceiling
By Rich McKay (Reuters) – Three inmates at a Missouri county jail were on the run on Tuesday after cutting holes in the plaster ceiling of their cells last week and crawling…
Russia seen cutting key rate by 100 bps to 10% on Friday- Reuters poll
(Reuters) – The Russian central bank is expected to cut its key interest rate by 100 basis points to 10% on Friday as it tries to make lending more affordable amid sluggish…
Poaching Lumberjacks Pleads Guilty to Cutting Down, Selling 200-year-old Walnut Tree
CLEVELAND, OH – A pair who poached a 200-year-old walnut tree from the Cleveland Metroparks Mill Stream Run Reservation in September 2021 and solid it has pleaded guilty and sentenced for his…
China says U.S. cutting tariffs on Chinese goods would be in interest of U.S. firms, consumers
BEIJING – China’s Commerce Ministry said on Thursday that if Washington cut tariffs on Chinese goods, it would be in the interests of U.S. firms and consumers. Gao Feng, ministry spokesman, made…
Exclusive-AIG looks at cutting insurance for Russia, Ukraine -sources
By Noor Zainab Hussain and Carolyn Cohn LONDON – AIG, one of the world’s biggest commercial insurers, is considering cutting cover for Russia and Ukraine, to shield itself from the risk of…
Germany makes progress in cutting back on Russian energy, minister says
BERLIN -Germany has made significant progress towards reducing its exposure to imports of Russian gas, oil and coal since Russia invaded Ukraine, Economy Minister Robert Habeck said on Friday. Germany is trying…
Burger King Parent Company Explains Why Cutting Business Ties With Russia Isn’t So Simple
Burger King Parent Company Explains Why Cutting Business Ties With Russia Isn’t So Simple Harold Hutchison on March 17, 2022 Since the February invasion of Ukraine, a number of American companies announced…
Microsoft data centres to heat Finnish homes, cutting emissions
OSLO – Finnish utility Fortum said on Thursday it will use waste heat from two new Microsoft data centres to warm homes and businesses in and around the capital Helsinki, while also…
World Bank Makes Big Show Of Cutting Off Russia Just Weeks After Being Accused Of Oppressing Uyghurs In China
World Bank Makes Big Show Of Cutting Off Russia Just Weeks After Being Accused Of Oppressing Uyghurs In China Ailan Evans on March 3, 2022 The World Bank announced Wednesday it would…
Germany and Western allies agree cutting Russia out of SWIFT
BERLIN – Germany and its Western allies agreed to cut Russia out of the SWIFT global payment system, a spokesperson for the German government said on Saturday, in a third sanctions package…
EU nearing decision on cutting Russia off from Swift: French official
PARIS – Discussions among European Union members about excluding Russia from the Swift international payment system are close to reaching a successful conclusion, a French presidential official said on Saturday. The official,…
France in favour of cutting off Russia from SWIFT – Ukrainian minister
– Ukrainian Foreign Minister Dmytro Kuleba said on Saturday French Foreign Minister Jean-Yves Le Drian had supported cutting off Russia from the global SWIFT payment system in a phone conversation with him.…
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