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…
Ukraine war adds to economic, social setbacks for women -IMF’s Georgieva
By David Lawder WASHINGTON – The war in Ukraine has worsened a difficult period for women, who have seen major economic and social setbacks prompted by the COVID-19 pandemic, International Monetary Fund…
Economic reforms bear fruit as France’s Macron seeks re-election
By Leigh Thomas PARIS – As Emmanuel Macron launches his campaign for a second term in April’s presidential election, he can count on an economic boom that French voters have not seen…
Biden Administration Drags Feet On Mandated Keystone XL Economic Fallout Report
The Biden administration has failed to issue a congressionally-mandated study on the consequences of canceling the Keystone XL pipeline more than two weeks after it was due. Under the Infrastructure Investment and…
Russia’s Nabiullina tells central bank staff: we hoped not to face extreme economic situation
MOSCOW – Russia’s Central Bank Governor Elvira Nabiullina said Russia’s economy had come up against an extreme situation, something she said they had all hoped would not happen, in an video address…
China warns of ‘huge’ pressure on foreign trade as economic challenges mount
BEIJING -A top Chinese official warned on Tuesday that China’s economy faces multiple challenges at home and abroad this year, including “huge” pressure from uncertainty over global trade and from still-lacklustre domestic…
Russia to widen trade, economic ties with Asia after Western sanctions
MOSCOW – Russia’s economy ministry on Friday said it was working on measures to minimise the effect of Western sanctions imposed after Russia’s invasion of Ukraine and would be stepping up trade…
Knoxville Woman Sentenced To 57 Months In Prison For Defrauding COVID-19 Economic Relief Programs
KNOXVILLE, Tenn. – On February 24, 2022, Porsha Tims Bush, 42, formerly of Knoxville, Tennessee, was sentenced to 57 months in prison by the Honorable Katherine A. Crytzer, in the United States…
ECB to conduct comprehensive economic outlook assessment at March meeting
By Jan Strupczewski BRUSSELS – The European Central Bank will conduct a comprehensive assessment of the economic outlook after Russia’s attack on Ukraine at the bank’s March meeting, it said on Thursday.…
Adecco does not expect Ukraine invasion to derail economic upswing
ZURICH – Staffing group Adecco does not expect the Russian invasion of Ukraine to derail the global economic upswing, Chief Financial Officer Coram Williams told Reuters on Thursday. “What is happening is…
Biden team sees progress shifting economic gains to the poor
WASHINGTON – Poorer Americans are seeing the benefit from strong U.S. economic growth, the Biden administration said on Wednesday, citing research suggesting that COVID stimulus and other measures may have eased inequality.…
Factbox-China’s business and economic interests in Ukraine
BEIJING – Ukraine, which is locked in a security crisis with Russia, has seen growing investment from China in recent years. China has a strategic interest in Ukraine because of its location,…
Canada’s Freeland strays from G20 economic script to warn Russia on Ukraine – sources
By David Lawder and Andrea Shalal WASHINGTON – Canadian Finance Minister Chrystia Freeland stepped well beyond economic policy at a G20 finance meeting on Friday to issue an “impassioned” warning to her…
U.S. leading economic indicator unexpectedly falls in January
WASHINGTON – A gauge of future U.S. economic activity fell in January for the first time in nearly a year amid a resurgence in COVID-19 cases, high inflation and supply chain disruptions,…
U.S. has ‘no intention’ to engage with China on Indo Pacific Economic Framework
By Ben Blanchard TAIPEI – The United States has “no intention” of engaging with China in its forthcoming Indo-Pacific Economic Framework, but is talking to its partners who share the same vision…
‘Get Serious’: Manchin Says ‘Severe Economic Pain’ Cannot Be ‘Ignored’
Democratic West Virginia Sen. Joe Manchin ripped into the Biden Administration on Thursday after a Labor Department report showed a key inflation measure setting a fresh, 40-year record in January. “For months,…
Arizona Man Sentenced to 32 Months in Federal Prison for Fraudulent Applications for Economic Injury Disaster Loans
DENVER – The U.S. Attorney’s Office for the District of Colorado announced that Michael Lain, 56, of Queen Creek, Arizona, was sentenced to 32 months in federal prison for his role in…
Somerset County Woman Charged with $1 Million Paycheck Protection Program and Economic Injury Disaster Loan Fraud Scheme
NEWARK, N.J. – A Somerset County, New Jersey, woman was charged for her role in fraudulently obtaining over $1 million in federal Paycheck Protection Program (PPP) loans and Economic Injury Disaster Loans…
UK’s rich and poor face similar inflation – but different economic pain
By Andy Bruce LONDON – Britain’s rich and poor alike are experiencing surges in inflation, official data showed on Friday, although soaring food and energy prices mean low-income households stand less chance…
Euro zone economic sentiment eases in Jan
BRUSSELS – Euro zone economic sentiment deteriorated in January, data showed on Friday, pulled down by a more downbeat sentiment in the two key sectors of industry and services. The European Commission’s…
Spanish economic growth at fastest in 20 years but misses govt forecast
By Nathan Allen MADRID – Spain’s economy expanded at its fastest pace in two decades last year but slowed down in the fourth quarter as public and private spending slipped amid soaring…
German economic growth expected to slow down in 2023
BERLIN – German economic growth will slow down to 2.3% in 2023, Economy Minister Robert Habeck said on Friday. The government cut its economic growth forecast for 2022 this month to 3.6%…
Analysis-Debt fears overshadow China’s infrastructure push to fight economic slowdown
By Kevin Yao BEIJING – China is counting on revived infrastructure spending to support its slowing economy, but controls over local government debt risks and falling investment returns could hamper the renewed…
IMF Projects Weaker Than Expected 2022 Economic Growth For US, China
The International Monetary Fund (IMF) cut its global economic growth forecast for 2022 on Tuesday, citing growing COVID-19 cases, supply chain bottlenecks and soaring inflation. The IMF now projects global gross domestic (GDP)…
Taiwan Q4 economic growth seen restrained, full year could exceed 6%- Reuters Poll
TAIPEI – Taiwan’s trade-reliant economy is expected to have expanded at a slightly faster pace in the fourth quarter supported by strong tech exports though unable to match the burning pace of…
Fed tries to match economic risks against market’s rush to tighten
By Howard Schneider WASHINGTON – The Federal Reserve may not raise interest rates until March, but officials’ tougher language about inflation is already kicking in, with borrowing costs rising for everyone from…
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