New Jersey Lawmakers Throw Governor Murphy’s Flailing Offshore Wind Agenda an Economic Lifeline
TRENTON, N.J. — A proposed bill in the New Jersey Legislature would create a new tax credit program aimed at supporting manufacturers and clean energy product manufacturers, allocating up to $500 million…
PSEG Foundation Supports More Than 200 Nonprofit Organizations Tackling Environmental Sustainability, Social Justice, Equity and Economic Empowerment
NEWARK, N.J., April 7, 2022 — The PSEG Foundation is pleased to announce its new strategic pillars of environmental sustainability, social justice, and equity and economic empowerment. The PSEG Foundation funds grants…
Brazil’s Guedes says Eletrobras won’t be able to invest enough to keep up with stronger economic growth
BRASILIA – Brazil’s Economy Minister Paulo Guedes said on Thursday that state-run power company Eletrobras will not be able to invest enough to keep up with stronger economic growth expected for the…
Greek central bank cuts economic growth projection to 3.8% this year
By George Georgiopoulos ATHENS – Greece’s economy is seen expanding by 3.8% this year under a baseline scenario, a slower pace than a previous projection of 5.0%, the head of the central…
U.S. will keep raising economic costs on Putin, Biden says
WASHINGTON – The United States plans to keep raising the economic costs on Russian President Vladimir Putin over his invasion of Ukraine, U.S. President Joe Biden said on Wednesday, as he touted…
China’s widening COVID curbs exact mounting economic toll
By Josh Horwitz and Kevin Yao SHANGHAI – China’s top European business group warned on Wednesday that its “zero-COVID” strategy was harming the attractiveness of Shanghai as a financial hub, echoing analysts…
Spectre of inflation threatens Macron’s economic gains as election looms
By Leigh Thomas PARIS – French President Emmanuel Macron risks seeing high inflation eroding economic gains achieved during his presidency as he seeks a second term. Macron was elected in 2017 on…
Hungary’s isolation, economic woes will make Orban’s fourth term his toughest yet
By Gergely Szakacs BUDAPEST – Prime Minister Viktor Orban faces unprecedented headwinds as he embarks on a fourth consecutive term in office when the Hungarian nationalist will have to navigate his self-styled…
Former GE Power Engineer Convicted of Conspiracy to Commit Economic Espionage Following Four-Week Trial
ALBANY, NEW YORK – Xiaoqing Zheng, age 59, of Niskayuna, New York, was convicted yesterday of conspiracy to commit economic espionage following a four-week jury trial. The announcement was made by Assistant…
Thai March economic activity pressured by rising inflation, infections
BANGKOK – Thailand’s economic activity in March came under pressure from rising coronavirus infections and higher inflation driven by increasing energy prices, after a recovery in the previous month, the central bank…
Energy crisis will hurt Greek economic growth this year -fin min
ATHENS – Higher energy prices will have a negative impact on Greece’s economic growth this year, the country’s Finance Minister said on Wednesday, adding that he plans to submit a supplementary budget…
Ukraine crisis likely to slow global economic growth, Yellen says
WASHINGTON – The Russia-Ukraine crisis is driving up commodities prices and is likely to reduce prospects for global growth in the coming year, U.S. Treasury Secretary Janet Yellen warned on Friday. Ukraine…
‘Have to eat half’: Sri Lankans feel pain of spiralling economic crisis
MINUWANGODA, Sri Lanka – Thusitha Hadaragama stood at a corner store near his home in Sri Lanka’s Minuwangoda town this week and surveyed groceries to buy for his family of five, including…
South Korea central bank governor nominee Rhee says inflation, economic risks mounting
SEOUL – South Korea’s nominee for its new central bank chief said on Thursday worries about inflationary and economic risks are mounting and that he would thoroughly review how to manage growth,…
Mexico, Saudi Arabia agree to strengthen economic ties
MEXICO CITY – Mexican Foreign Minister Marcelo Ebrard and his Saudi Arabian counterpart on Wednesday agreed to strengthen bilateral economic relations on the first day of the diplomat’s 10-day tour of the…
Middlesex County Man Admits $1.6 Million Paycheck Protection Program and Economic Injury Disaster Loan Fraud Scheme
NEWARK, N.J. – A Middlesex County, New Jersey, man today admitted his role in a scheme to defraud lenders and the Small Business Administration (SBA) by fraudulently obtaining approximately $1.6 million in…
France boosts economic support to ease Ukraine crisis fallout
PARIS – The French government presented on Wednesday a new round of measures to help households, companies, farmers and fishermen cope with the economic fallout from Russia’s invasion of Ukraine. “We have…
Russia’s war in Ukraine may ‘fundamentally alter’ global economic, political order – IMF
By Andrea Shalal WASHINGTON – Russia’s invasion of Ukraine will affect the entire global economy by slowing growth and jacking up inflation, and could fundamentally reshape the global economic order in the…
Economic impact of China’s COVID resurgence must be watched – statistics bureau
BEIJING – China has seen increasing positive changes in its economic performance backed up by surprisingly good economic data, but the impacts of the latest COVID-19 resurgence need to be watched, China’s…
Brazil government readies $32 billion of economic stimulus -sources
By Lisandra Paraguassu and Bernardo Caram BRASILIA – Brazil’s federal government plans to announce on Thursday a program providing some 165 billion reais ($32 billion) of economic stimulus during the current election…
China will ensure stable economic operations this year, cabinet says
BEIJING – China will ensure stable economic operations this year, keep economic growth, employment and prices within reasonable ranges, state media quoted the cabinet as saying on Monday. China’s economy faces new…
Sri Lanka finance minister meets top IMF official amid economic crisis
By Uditha Jayasinghe COLOMBO – Sri Lanka’s finance minister held talks with a top International Monetary Fund (IMF) official on Monday, two sources said, as the island nation seeks help to deal…
Japan senior coalition lawmaker urges economic stimulus
TOKYO – A senior member of Japan’s ruling coalition said on Saturday the government should compile economic stimulus measures to address soaring energy and food costs. Natsuo Yamaguchi, head of Komeito, the…
U.S., European allies intensify economic pressure on Russia
By Steve Holland and Francesco Guarascio WASHINGTON/BRUSSELS – The United States, European Union and other allies on Friday escalated their economic pressure on Russia, moving to strip Moscow of privileged trade and…
Russia to suspend grain exports to Eurasian Economic Union until Aug 31
– Russia will suspend exports of wheat, meslin, rye, barley and corn to the Eurasian Economic Union (EEU) until Aug 31 in a move to secure its home market with enough food,…
Russian economy in ‘shock’ from unprecedented economic war – Kremlin
– The Kremlin said on Thursday that Russia’s economy was experiencing a shock and that measures were being taken to soften the impact of what it described as an “absolutely unprecedented” economic…
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