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(Reuters) – The Reserve Bank of New Zealand (RBNZ) said on Wednesday that its sectoral factor model of core inflation rose 5.8% year-on-year in the fourth quarter. The country’s official statistics agency earlier in the day released figures that showed the consumer price index at near three-decade highs last quarter but coming in below the …

RBNZ fourth-quarter sectoral factor model inflation +5.8% y/y Read More »

BUENOS AIRES (Reuters) – Countries from Latin America and the Caribbean on Tuesday called for more international funding in the region following economic and climate crises, in a final declaration after a summit held in the Argentine capital of Buenos Aires. “We stressed the need for international regional financial institutions, such as the Multilateral Development …

Latin America, Caribbean call for more international funding at CELAC summit Read More »

(Reuters) -Tesla Inc said on Tuesday it would invest more than $3.6 billion to expand its Nevada Gigafactory complex with two new factories, one to mass produce its long-delayed Semi electric truck and the other to make its new 4680 battery cell. The cell plant would be able to make enough batteries for 2 million …

Tesla plans $3.6 billion Nevada expansion to make Semi truck, battery cells Read More »

By Wayne Cole SYDNEY (Reuters) -Australian inflation shot to a 33-year high last quarter as the cost of travel and electricity jumped, a shock result that adds to the case for the country’s central bank to raise interest rates again next month. Investors sharply narrowed the odds on the Reserve Bank of Australia (RBA) lifting …

Australia inflation surges further in Q4, more rate hikes loom Read More »

By Joey Roulette WASHINGTON (Reuters) -Rocket Lab launched its first mission from American soil on Tuesday, kicking off an expansion of the company’s launch business that adds to a surge in private rocket activity at U.S. space ports. The Long Beach, California-based company’s workhorse Electron rocket, an expendable launcher standing 40 feet (12 meters) tall, …

Rocket Lab expands launch footprint with first mission from U.S Read More »

WASHINGTON (Reuters) – The Biden administration on Tuesday reiterated its support for both Finland and Sweden joining NATO at the earliest opportunity, after Helsinki said a pause was needed in trilateral talks with Turkey on the Nordic countries’ application to join the military alliance. State Department spokesperson Ned Price was repeatedly asked at a news …

U.S. reiterates support for Finland, Sweden joining NATO Read More »

GENEVA (Reuters) – A Swiss parliamentary body proposed on Tuesday waiving a re-export ban that prevents ammunition it manufactures from being re-exported from another country to Ukraine. The recommendation passed with 14 in favour and 11 against and will require later approval from parliament. “The majority of the commission deems that Switzerland should make a …

Swiss body proposes removing barriers to re-export arms to Ukraine Read More »

By Dawn Chmielewski, Greg Roumeliotis, Anirban Sen and Helen Coster (Reuters) -Rupert Murdoch on Tuesday withdrew a proposal to reunite News Corp and Fox Corp as the company is also exploring a sale of Move Inc, which operates the Realtor.com website, to CoStar Group, according to a regulatory filing and sources familiar with the process. …

Rupert Murdoch scraps proposal to combine Fox, News Corp, eyes Move sale Read More »

WASHINGTON (Reuters) – Mike Pence found documents marked classified at his Indiana home this month which were taken by the FBI, a lawyer for the former Vice President said in letters to the National Archives. Here’s how the situation unfolded, according to the letters: Jan. 16: After seeing reports that President Joe Biden had classified …

When were Pence classified documents found in his Indiana home? Read More »