New Jersey GOP Congressman backs bill to release Epstein files despite AG dismissal
WASHINGTON, D.C. — Rep. Jeff Van Drew announced Tuesday he has cosponsored legislation introduced by Rep. Thomas Massie aimed at releasing the full set of files related to Jeffrey Epstein, joining a…
Bayer says Ukraine farmers progress with planting despite war
FRANKFURT – Farmers in Ukraine have made better-than-expected progress preparing their fields so far despite Russia’s attack on the country, the world’s largest supplier of seeds and crop chemicals, Bayer, said on…
Many Germans still work from home despite end of COVID requirement – Ifo
BERLIN – The proportion of German people working from home fell only slightly in April, according to a survey published on Monday, despite the country lifting remote-working requirements brought into force to…
Fed says banks in good shape despite volatility, warns on prime broker risk
By Pete Schroeder WASHINGTON – The U.S. Federal Reserve said Friday the U.S. banking system remains strong despite heightened volatility and geopolitical risk, but cautioned them against prime brokerage services that come…
Moncler says 2022 sales forecast doable despite China snag
MILAN – Italian luxury group Moncler is confident it can meet analyst expectations that sales will reach 2.4 billion euros ($2.53 billion) this year despite a new round of lockdowns impacting sales…
Bank of England raises rates to 1% despite looming recession risk
By William Schomberg and David Milliken LONDON, May 5 – The Bank of England raised interest rates to their highest since 2009 at 1% on Thursday to counter inflation now heading above…
Bentley Q1 profit soars despite cars lost at sea and stuck in China
By Nick Carey LONDON – Luxury British carmaker Bentley on Thursday said its first-quarter operating profit jumped 162% versus the same period last year, as soaring vehicle prices offset the loss of…
Soccer-Ratcliffe not giving up on Chelsea bid despite apparent rejection
LONDON – British billionaire Jim Ratcliffe said he was not giving up a bid to buy Chelsea despite apparent rejection from the U.S. bank handling the sale of the Premier League club.…
Bosch aims to stay profitable in 2022 despite uncertainties
BERLIN -German automotive supplier Bosch is aiming to be profitable this year but said that a definitive forecast is not possible due to economic and political uncertainties. As a result, the company…
U.S. Treasury sees economy still expanding in 2022 despite Q1 GDP drop
WASHINGTON – The U.S. economy is expected to continue its expansion this year despite a surprise contraction in the first quarter, the U.S. Treasury’s chief economist said on Monday, adding that inflation…
Far-Left Dems Use Ukraine Crisis To Push For Green Energy Despite Glaring Problems
Far-Left Dems Use Ukraine Crisis To Push For Green Energy Despite Glaring Problems Thomas Catenacci on May 2, 2022 A group of six far-left Senate Democrats introduced a resolution Monday urging the…
U.S. sees no threat of Russia using nuclear weapons despite rhetoric- official
WASHINGTON – The United States does not believe that there is a threat of Russia using nuclear weapons despite a recent escalation in Moscow’s rhetoric, a senior U.S. defense official said on…
Kuehne + Nagel results ride demand wave despite stagnant volumes
By Alexander Kloss and Ana CanteroRos (Reuters) -Swiss logistics group Kuehne + Nagel reported on Tuesday a 162% surge in its first-quarter net earnings, citing strong demand for capital and consumer goods.…
N. American oil companies scramble to find workers despite boom
By Liz Hampton, Stephanie Kelly and Nia Williams (Reuters) – When Jeremy Davis was laid off from his oilfield job in Texas in 2020, he did not want to leave the industry…
Toyota reports record high global production for March, despite slump at home
TOKYO – Toyota Motor Corp on Wednesday posted record high global production in March, as overseas production made up for a drop off at home, highlighting the impact of factory stoppages and…
Black Knight: Mortgage Delinquencies Hit Record Low in March, Driven by Both Seasonal and Broader Economic Improvements; Prepays Up Despite Rate Increases
The national delinquency rate dropped by more than half a percentage point in March, falling to 2.84% and shattering the previous record low of 3.22% in January 2020 While March typically sees…
Surprise rise in German business morale in April despite Ukraine war
BERLIN – German business morale unexpectedly rose slightly in April as companies were less pessimistic after the economy appeared resilient following the initial shock of the war in Ukraine, a survey showed…
Japan April report raises view on consumption, economy, despite inflationary pressures
TOKYO – Japan’s government upgraded its view of the economy for the first time in four months in April as authorities turned more optimistic about the outlook for private consumption following the…
China on track for 2022 GDP target despite COVID shock – govt economists
BOAO, China – China remains on track to reach its 2022 growth target of around 5.5% as it has ample stimulus space, government economists said on Wednesday, despite a resurgence in COVID-19…
Prada CEO says first 4 months strong despite Russia, China – paper
MILAN – Italian luxury group Prada posted strong results in the first four months of the year as its U.S. business offset the impact of suspending operations in Russia and coronavirus lockdowns…
Ships carrying Russian fertilizers find way to Brazil despite sanctions
By Ana Mano SAO PAULO – Despite concern that sanctions against Russia would cause a shortfall of fertilizer in Brazil, preliminary shipping data shows orders being fulfilled and vessels heading for Brazil,…
Australia says it would keep security ties with Solomons despite China pact
SYDNEY – Australia would continue to cooperate with Solomons Islands on matters of security even if the Pacific island nation signs a proposed security agreement with China that Australia opposes, Australian Foreign…
U.S. to resume oil, gas drilling on public land despite Biden campaign pledge
By Katanga Johnson WASHINGTON – The Biden administration on Friday said it has resumed plans for oil and gas development on federal lands, a move that could break a pledge Joe Biden…
Southern Copper says Peru mine remains halted despite latest deal to end protests
By Valentine Hilaire (Reuters) – Southern Copper Corp said on Wednesday that its Peruvian mine remains closed after six weeks of a standoff with protesters, accusing Peru’s government of failing to intervene…
Citigroup says Mexico unit buyer’s nationality not decisive, despite government preference
MEXICO CITY – The nationality of who buys Citigroup’s Mexican unit, known as Citibanamex, will not be the deciding factor despite the Mexican government’s preference to sell the bank to a local…
U.S. recession not imminent despite yield curve inversion, BlackRock executive says
NEW YORK – A U.S. recession is not imminent despite the inversion of a part of the U.S. Treasury yield curve which has been “artificially pressured” by some investors, BlackRock Inc, the…
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