BIS backs “forceful” rate hikes despite rising recession risk
By Marc Jones LONDON (Reuters) – The world’s central bank umbrella body, the Bank for International Settlements (BIS), has urged major economies to forge ahead …
Despite
Trump SPAC fails to pay proxy firm despite tough hunt for votes – FT
(Reuters) -Executives behind a blank-cheque company Digital World Acquisition Corp that plans to take Donald Trump’s media business public have failed to pay their proxy …
Despite court ruling, Formosa plans to build Louisiana plastics plant
By Valerie Volcovici WASHINGTON (Reuters) -Formosa Plastics Group still intends to build and operate a massive plastic and petrochemical plant proposed for Louisiana, the company …
Joe Biden Owns A Pricey Beachfront Mansion Despite His Sea Level Alarmism. He’s Not The Only One
Joe Biden Owns A Pricey Beachfront Mansion Despite His Sea Level Alarmism. He’s Not The Only One Jack McEvoy on September 14, 2022 President Joe …
China seen holding medium-term rate steady despite growing economic gloom
SHANGHAI (Reuters) – China’s central bank is widely expected to pause its monetary easing efforts and keep the medium-term policy rate steady this month, a …
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 …
Bolduc Favored To Win New Hampshire GOP Senate Nod Despite Controversy
Bolduc Favored To Win New Hampshire GOP Senate Nod Despite Controversy Arjun Singh on September 12, 2022 New Hampshire will hold the last Senate primary …
China debt sees portfolio outflows despite nascent recovery for EM in August – IIF
By Jorgelina do Rosario LONDON (Reuters) – China debt markets lost $7.7 billion in August in a seventh straight month of portfolio outflows, data from …
Ferragamo sales beat forecasts in H1 despite slowdown in China
MILAN (Reuters) -Revenues at Italian luxury group Salvatore Ferragamo topped market forecasts in the first half of the year despite a slight slowdown in the …
Germany Rules Out Keeping Nuclear Power On Despite Energy Crisis
German Economy Minister Robert Habeck has ruled out extending the life of its three remaining nuclear power plants in the middle of its energy crisis, …
Germany heading for recession despite new relief plan – economists
BERLIN (Reuters) – Germany, Europe’s largest economy, is still on course for a recession even with a new government plan to spend 65 billion euros …
Germany will stick to debt brake in 2023 despite new relief package – minister
BERLIN (Reuters) – Germany’s constiutional debt brake will not be affected by a 65 billion euro ($64.68 billion) relief package to help citizens and companies …
‘Swimming In Cash’: Russia’s Oil Industry Is Booming Despite Sanctions
‘Swimming In Cash’: Russia’s Oil Industry Is Booming Despite Sanctions Jack McEvoy on August 29, 2022 Russia is raking in more money from its fuel …
Increasing Revenue in the Restaurant Setting Despite Economic Stressors
Lauren fernandez As we look toward 2023, there is one thing for certain. None of us have a crystal ball to predict every spike or …
LUNCHBOX SURGES IN GROWTH WITH 363% INCREASE IN LOCATIONS Since the Beginning of the Year, Despite Market Conditions
Lunchbox is now slated to process over half a billion dollars for their customers annually. New York, NY (PRESS RELEASE) Lunchbox, the enterprise online ordering …
Toronto market seen higher in 2022, 2023 despite selloff fears: Reuters poll
By Fergal Smith TORONTO (Reuters) – Canada’s main stock index is expected to advance through the end of the year and then approach a record …
‘Political Suicide’: Germany Will Shutter Nuclear Plants Despite Looming Winter Shortages
‘Political Suicide’: Germany Will Shutter Nuclear Plants Despite Looming Winter Shortages Jack McEvoy on August 22, 2022 German Economy Minister Robert Habeck said on Sunday …
Analysis-China no closer to peak coal despite record renewable capacity additions
By David Stanway SHANGHAI (Reuters) – Though China is aiming to roll out record amounts of renewable capacity this year as decarbonisation elsewhere stalls, economic …
Exclusive-U.S. commits to Afghan asset talks despite frustration with Taliban – sources
By Jonathan Landay WASHINGTON (Reuters) – U.S. President Joe Biden’s administration will press ahead with talks on releasing billions of dollars in Afghanistan’s foreign-held assets …
Some Russians happy to holiday in sunny Crimea despite blasts
(This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine) (Reuters) – Russian tourists took advantage of the …
Straumann maintains modest 2022 outlook despite strong sales, shares slip
By Marie Mannes (Reuters) – Swiss dental implants maker Straumann maintained its moderate 2022 outlook on Tuesday despite strong first-half sales driven by high demand, …
India inflation may remain elevated despite July dip – analysts
MUMBAI – India’s headline retail inflation that eased for the third straight month in July is expected to remain above the central bank’s upper tolerance …
Thai economy to continue growing despite weaker-than-expected Q2 – central bank
BANGKOK – Despite a weaker-than-expected second quarter, Thailand’s economy is expected to continue growing in the second half of the year as tourism picks up, …
‘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 …
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), …
Israel Ramps Up Campaign Against Iran-Backed Militants Despite Gaza Ceasefire
Israel Ramps Up Campaign Against Iran-Backed Militants Despite Gaza Ceasefire Micaela Burrow on August 9, 2022 Israel killed three more militants after clashes with the …
Disney Bows To Middle East Censors Over Same-Sex Kiss, Despite Picking Fight With DeSantis Over Florida Law
Disney Bows To Middle East Censors Over Same-Sex Kiss, Despite Picking Fight With DeSantis Over Florida Law Disney Bows To Middle East Censors Over Same-Sex …
Suzuki Motor says demand strong despite economic concerns
TOKYO – Japan’s Suzuki Motor said on Friday it did not see demand for vehicles slowing at home or in its key market of India …
Adidas posts 28% decline in Q2 operating profit despite sales increase
BERLIN – Adidas on Thursday said operating profit fell by 28% in the second quarter to 392 million euros ($398.43 million), as results suffered from …
Philippine central bank to continue supporting economic recovery despite rate hikes
MANILA – The Philippine central bank will continue supporting the economy’s recovery despite a planned 25 or 50 basis point rate hike this month, its …
Turkey to forge on with selective loan policy despite backlash -sources
By Nevzat Devranoglu and Orhan Coskun ANKARA – Turkey will stick to policies that allow only net exporters to access cheap lira loans and may …
U.S. fuel demand remains strong, despite recent data – refiners
By Laura Sanicola (Reuters) – Demand for transportation fuels remains strong despite mixed signals from inventory data collected by the U.S. Energy Information Administration (EIA), …
Analysis: Peru’s mining execs ‘lose faith’ in gov’t despite moderate shift
By Marco Aquino LIMA – Peruvian mining executives who oversee some of the world’s largest copper mines are losing whatever slim thread of faith they …
Mark Kelly Raked In Cash From Corporate-Backed PACs Despite Pledging To Refuse ‘Corporate PAC Money’
Mark Kelly Raked In Cash From Corporate-Backed PACs Despite Pledging To Refuse ‘Corporate PAC Money’ Gabe Kaminsky on July 24, 2022 Democratic Arizona Sen. Mark …
Kuehne + Nagel’s quarterly earnings rise despite volatile supply chains
(Reuters) – Swiss logistics group Kuehne & Nagel International on Monday reported a 79% rise in its second-quarter net profit, citing growth in all business …
Despite Didi’s $1.2 billion fine, China tech’s regulatory woes may not be over
By Josh Ye, Eduardo Baptista and Yingzhi Yang HONG KONG/BEIJING – China’s $1.2 billion fine on Didi Global draws a line under the ride hailing …
Cuban economy minister sees gradual recovery despite long lines and blackouts
By Marc Frank HAVANA – Cuba’s economy has begun to recover from the effects of the pandemic and should grow 4% this year, its economy …
Biden says he’s ‘doing great,’ ‘keeping busy’ despite COVID
WASHINGTON – U.S. President Joe Biden on Thursday said he is “doing great” and keeping busy after testing positive for COVID-19. “Folks, I’m doing great. …
Yellen sees U.S. economy as very strong despite inflation – senior official
TOKYO – U.S. Treasury Secretary Janet Yellen will emphasize the strength of the U.S. economy despite high inflation and a 1.6% annualized drop in first …
Ecuador affirms deficit target of 2% of GDP despite protests -minister
QUITO – Ecuador is holding firm to its fiscal deficit target for the year of 2% of gross domestic product (GDP), economy minister Pablo Arosemena …
Fetterman Spent Thousands On CO2-Emitting Jet Travel Despite Pledge To Boycott Fossil Fuel Donations, Records Show
Fetterman Spent Thousands On CO2-Emitting Jet Travel Despite Pledge To Boycott Fossil Fuel Donations, Records Show Gabe Kaminsky on July 10, 2022 John Fetterman, the …
US Economy Smashes Jobs Projections Despite Signs Of Recession
US Economy Smashes Jobs Projections Despite Signs Of Recession Max Keating on July 8, 2022 The U.S. economy added 372,000 jobs in June while the …
Exclusive-Pope Francis calls steps against clerical abuse irreversible, despite resistance
By Philip Pullella VATICAN CITY – Pope Francis has acknowledged that there is resistance by some national Catholic Churches on implementing measures to protect children …
Stacey Abrams’ Campaign Spent $450K On Security Despite Backing ‘Defund Police’ Movement: REPORT
Stacey Abrams’ Campaign Spent $450K On Security Despite Backing ‘Defund Police’ Movement: REPORT Gabe Kaminsky on July 5, 2022 Stacey Abrams, the Democratic Georgia gubernatorial …
Saudi non-oil private sector gallops despite inflation -PMI
DUBAI – Saudi Arabia’s non-oil private sector expanded in June at its fastest pace since September as demand continued to rise strongly despite the highest …
California approves lithium tax despite industry’s warnings
By Ernest Scheyder (Reuters) – California on Thursday approved a plan to tax the electric vehicle battery metal lithium to generate revenue for environmental remediation …
Italy says can exceed 3.1% growth target for 2022 despite energy prices
ROME – Italy’s Treasury said the country’s economy could grow this year by at least as much as Rome’s official target of 3.1% set in …
Exclusive-Copper giant Codelco sees ‘very firm’ copper price ahead despite recent drop – chairman
By Fabian Cambero SANTIAGO – Chilean state-owned copper miner Codelco, the world’s top producer of the red metal, sees a firm copper price ahead despite …
Olympics-Each sport must set transgender rules says IOC despite criticism
By Karolos Grohmann (Reuters) – The International Olympic Committee (IOC) has defended its position that it is up to each international sports body to set …
Ecuador indigenous protests carry on despite small concession
By Alexandra Valencia QUITO – Ecuador’s government on Thursday acquiesced to a demand of indigenous demonstrators who have held 11 days of protests, giving them …