Elon Musk: The Thorn in Congress and Senate’s Side We’ve Always Needed
In an era where government spending and bureaucratic inefficiency are often criticized yet rarely challenged, Elon Musk has emerged as a notable disruptor, positioning himself as a public advocate against wasteful government…
More chip production needed in Europe, Infineon CEO says
By Christina Amann MUNICH (Reuters) – Infineon Technologies AG Chief Executive Jochen Hanebeck supports contract manufacturers building more chip factories in Europe to reduce his company’s reliance on suppliers in Asia, he…
Biden thinks Democrats short of votes needed to restore abortion rights
NUSA DUA, Indonesia (Reuters) – U.S. President Joe Biden said Monday he did not think Democrats in the next Congress would have enough votes to restore abortion rights nationally. “I don’t think…
Czech wage growth below 5% needed to tame inflation, central bank governor says
PRAGUE (Reuters) – Czech central bank Governor Ales Michl said on Monday the state budget deficit needed to shrink and nominal wages should not rise too quickly next year, as the bank…
Australia’s central bank says ready to go faster or pause on rate hikes as needed
By Wayne Cole SYDNEY (Reuters) – The head of Australia’s central bank on Tuesday said further increases in interest rates would likely be needed to tame inflation, and it was ready to…
Canada’s Trudeau says clear action plan needed to address Haiti crisis
By Rod Nickel WINNIPEG (Reuters) – Canadian Prime Minister Justin Trudeau on Friday said a clear plan of action was needed before any mission to help Haiti goes forward, a day after…
Political will needed for Bulgaria’s euro zone entry in 2024 -central bank governor
SOFIA (Reuters) – The political instability and lack of a regular government is posing a serious challenge to Bulgaria’s prospects to join the euro zone as of Jan. 1, 2024, its central…
U.S. Treasury’s Yellen says CPI data shows more work needed to control inflation
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday that higher than expected U.S. consumer price index inflation data shows that “we have more work to do” to control inflation…
IMF says wage-price spirals are rare, but rate hikes needed to quell inflation expectations
By David Lawder WASHINGTON (Reuters) – New research by the International Monetary Fund shows that sustained wage-price spirals are historically rare, and recent sharp interest rate hikes by central banks are likely…
Pelosi says immigrants needed to pick crops in Florida, stop sending them north
Speaker of the House Nancy Pelosi this week said Florida Governor Ron DeSantis should stop sending illegal immigrants north on buses to sanctuary states because Florida needs them to pick their crops.…
Fed’s Daly: no U.S. recession needed to defeat high inflation
(Reuters) – The Federal Reserve needs to slow the U.S. economy and take the heat out of the strong jobs market to bring down corrosively high inflation, San Francisco Fed chief Mary…
APPEC-Oil stocks to rise on slower demand, OPEC cuts needed to bolster prices
(Corrects to 0.5-1 million bpd from 1-1.5 million bpd in paragraph 4) By Emily Chow and Isabel Kua SINGAPORE (Reuters) -Global oil stocks are set to rise next year amid weakening demand…
Japan ‘most certainly’ will intervene in FX market if needed -top FX diplomat
TOKYO (Reuters) – Japan has not intervened in the currency market yet but will “most certainly” do so when necessary, the country’s top currency diplomat, Masato Kanda, said on Thursday. “Markets are…
Ukraine: urgently needed spare parts delivered to Zaporizhzhia nuclear plant
(Reuters) – Ukraine’s state nuclear company Energoatom said urgently needed spare parts and diesel fuel had on Friday been delivered to the Zaporizhzhia atomic power station, which is occupied by Russian troops.…
India’s RBI says front-loaded rate hikes needed to tame inflation, shield growth
By Swati Bhat MUMBAI (Reuters) – The Reserve Bank of India said on Friday it will have to front-load its monetary policy to fight stubborn inflation and shield medium-term growth in the…
IMF anticipates no further relief needed for Zambia post-debt programme
By Chris Mfula LUSAKA (Reuters) – The International Monetary Fund (IMF) does not anticipate any relief for Zambia after the end of a 2022-2025 debt programme, its mission chief Allison Holland said…
Gazprom: Nord Stream 1 gas to stay shut until fault fixed, “workshop conditions needed”
LONDON (Reuters) – Russia’s Gazprom said on Friday that natural gas supplies via the Nord Stream 1 pipeline would remain shut off after the main gas turbine at the Portovaya compressor station…
China to take steps needed to protect Chinese firms following U.S. export control list
BEIJING (Reuters) – China’s commerce ministry said on Thursday it will take the measures needed to protect the legitimate rights of Chinese companies after the U.S. added seven Chinese entities, mostly related…
Tuvalu minister says both China, U.S. needed for climate change action
By Lucy Craymer WELLINGTON (Reuters) – Both the United States and China need to be on board to ensure peace and bring action on climate change, Tuvalu’s foreign minister said on Thursday.…
Turkey cenbank says shock rate cut needed to sustain growth
ANKARA (Reuters) – Turkey’s central bank said on Thursday it delivered a surprise interest rate cut to drive economic growth and sustain employment amid growing geopolitical risk, adding rising loan rates have…
More cash needed to save Britons from destitution in energy crisis – PM contender Sunak
LONDON – Britain’s energy crisis will push millions into destitution this winter unless the government hands out more cash to help struggling households pay fuel bills, Rishi Sunak, the trailing candidate in…
‘One last effort’ needed at talks to salvage nuclear deal, EU says
BRUSSELS – The European Commission said that Tehran and Washington should make “one last effort” to salvage a 2015 nuclear deal in talks that resumed in Vienna on Thursday, saying that political…
No intervention needed in yen as it stages recovery, ‘Mr. Yen’ Sakakibara says
By Divya Chowdhury MUMBAI – Japan doesn’t need to intervene in the currency market as the sharp depreciation in the yen won’t continue, due to the changing economic environment in the United…
Swiss National Bank reiterates it can act at any time if needed
ZURICH – The Swiss National Bank may take monetary policy measures at any time between its regular meetings if it deems it necessary, the bank said in an interim publication on Thursday,…
Yankees Pitcher Michael King Chooses the Jersey Shore for Much Needed Relief During All-Star Break
TOMS RIVER, NJ – After a recent Yankees game, New York Yankees announcer Michael Kaye broke the news, Yankees pitcher Michael King has chosen the Jersey Shore over other more extravagant destinations…
Global crypto rules needed to keep markets clean, says UK watchdog
By Huw Jones LONDON – Global rules are needed to regulate international crypto firms like Binance and “keep markets clean”, Britain’s Financial Conduct Authority said on Thursday. Crypto firms are largely unregulated…
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