Trump threatens to ‘federalize’ D.C. over youth violence and crime surge
Washington, D.C. – President Donald Trump posted a fiery message on social media Wednesday, blasting the state of public safety in Washington, D.C., and threatening to exert federal power over the city…
American Airlines cuts first-quarter capacity forecast as oil prices surge
– American Airlines Group Inc cut its current-quarter capacity forecast on Tuesday, as airlines grapple with high fuel prices due to the Russia-Ukraine war. (Reporting by Abhijith Ganapavaram in Bengaluru; Editing by…
U.S.-listed China stocks fall on COVID surge, Russia
LONDON – Chinese companies listed in New York fell sharply during premarket trade on Tuesday after surging COVID-19 cases fuelled fears for the world’s second-largest economy and sent mainland firms listed in…
Inflation surge, war cloud Fed’s interest rate trajectory
By Howard Schneider WASHINGTON – New economic projections from the Federal Reserve this week will show how far and how fast policymakers see interest rates rising this year, in a first test…
Bank of England heads for third rate rise in a row as prices surge
By David Milliken LONDON – The Bank of England looks set to lift interest rates to 0.75% on Thursday, its third rate rise in a row as it seeks to tame a…
Contracts shield Asia’s EV battery makers from nickel surge, for now
By Heekyong Yang and Norihiko Shirouzu SEOUL/BEIJING – Asian battery makers for electric vehicles are shielded from a big, immediate hit from surging nickel prices amid Russia’s invasion of Ukraine, thanks to…
Recent surge in energy costs to cut Italy 2022 GDP by 0.7 points – ISTAT
ROME – The recent surge in energy prices will reduce Italy’s economic growth this year by around 0.7 percentage points, national statistics institute ISTAT estimated on Wednesday. In its monthly economic bulletin…
Refining margins, fuel costs surge on fallout from Russian invasion
By Stephanie Kelly NEW YORK – Refining profits, or margins, from turning crude oil into products such as gasoline and diesel are ballooning, and could surge further after the United States, the…
Jet fuel price surge deals heavy blow to fragile air travel recovery
By Koustav Samanta SINGAPORE – Global jet fuel prices have surged to near 14-year highs in line with crude oil’s surge on supply shortfall worries, slamming air carriers and travellers with steep…
Chile copper giant Codelco profits surge on higher metals prices
By Fabian Cambero and Anthony Esposito SANTIAGO – Pre-tax profits for the world’s largest copper producer Codelco surged to $7.4 billion in 2021 from $2.1 billion a year earlier, boosted by high…
Rightmove forecasts strong housing market after 2021 profit surge
– British real-estate portal Rightmove said on Friday it expects transaction levels to return to pre-pandemic levels this year, dispelling concerns about a slowdown driven by rising inflation and a higher cost…
MP Materials reports higher profit as rare earth prices surge
– U.S. rare earth miner MP Materials Corp on Thursday posted a higher fourth-quarter profit, helped by rising prices for the minerals used to make high-end electronics and weaponry. Rare earths are…
Turkey’s foreign arrivals surge 151% in January from year ago
ISTANBUL – The number of foreign visitors arriving in Turkey jumped 151% from a year earlier to 1.28 million in January, data showed on Monday, as the sector continued to recover from…
OSCE reports surge in number of explosions in east Ukraine
MOSCOW – Two regions in eastern Ukraine where government and separatist forces have been fighting since 2014 were hit by more than 1,400 explosions on Friday, monitors for the Organization for Security…
Hong Kong leader election postponed as city battles COVID surge
HONG KONG – The election of Hong Kong’s chief executive, scheduled to be held in March, will be postponed to May as the Asian financial hub battles to control an accelerating surge…
British warehousing firm Segro rides surge in demand for quick delivery
-British warehousing firm Segro said on Friday the growing popularity of rapid delivery services is fuelling strong demand across its markets after it reported a 20% jump in annual profit, sending its…
U.S. housing starts fall in January amid freezing weather; permits surge
WASHINGTON – U.S. homebuilding fell more than expected in January as many parts of the country experienced freezing temperatures, but a surge in permits suggested a rebound in the coming months was…
‘Only A Small Cushion’: Oil Prices Surge Again As Demand Approaches Highest Level Ever
Global crude oil prices surged Friday, continuing their steady approach toward $100 per barrel, as a top energy group projected greater demand through 2022. The West Texas Intermediate (WTI) crude oil index,…
Surge of out-of-state donors boost Trump critic Cheney’s campaign -but cannot vote for her
By Nathan Layne – When Idaho nurse Joan West received a fundraising mailer from U.S. Representative Liz Cheney, she saw a way to address her regret for having voted for Donald Trump…
Australia’s IAG cash earnings slump 62% as natural hazard claims surge
– Insurance Australia Group beat profit and dividend estimates on Friday for the first half, even as higher claims tied to natural disasters, including severe storms and hail last October, led to…
U.S. new home sales surge to a nine-month high in December
WASHINGTON – Sales of new U.S. single-family homes jumped to a nine-month high in December, boosted by a severe shortage of previously owned houses on the market. New home sales increased 11.9%…
N95 Mask Manufacturer 3M’s Sales Explode After Omicron Surge, Expects Further Profits Following CDC Shoutout
A major N95 mask manufacturer saw a rise in sales during the Omicron variant surge and expects to profit further from new guidance issued by the Centers for Disease Control and Prevention…
Australian business confidence bruised by coronavirus surge
SYDNEY – A measure of Australian business confidence has swung into the red as a surge in coronavirus cases hit consumer spending and played havoc with staffing, though sales overall were proving…
States See Revenues Surge From Income Tax and Federal Aid
Numerous states have seen their state revenue surge in 2021 fueled by a robust stock market, growing income, federal aid, and increased tax revenue, The Wall Street Journal reported. States’ revenue soared…
Luxury Car Sales Surge Amid Global Supply Chain Disruptions And Surging Inflation
Luxury car sales surged in 2021 while mainstream car companies struggled amid global supply chain disruptions and soaring inflation, The Wall Street Journal reported. Luxury car brands, including Rolls-Royce, Bentley, Porsche and…
Governor Murphy: We’re literally breaking records every day, as COVID-19 continues to surge
LONG BRANCH, NJ – New Jersey reported over 30,000 new COVID-19 cases once again on Thursday as the omicron virus positivity rate is at 40%. That means 40% of people tested for…
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