By Lucia Mutikani WASHINGTON (Reuters) -U.S. retail sales fell more than expected in December, pulled down by declines in purchases of motor vehicles and a range of other goods, putting consumer spending and the overall economy on a weaker growth path heading into 2023. The broad drop in sales reported by the Commerce Department on …
U.S. retail sales tumble; monthly producer prices fall Read More »
By Walter Bianchi and Jorgelina do Rosario BUENOS AIRES (Reuters) -Argentina will buy back overseas bonds equivalent to over $1 billion to improve the South American country’s debt profile, economy minister Sergio Massa said on Wednesday, looking to send a positive signal to markets despite low reserves levels. The move will focus on sovereign notes …
Argentina to buy back $1 billion in foreign debt in signal to markets Read More »
By Holger Hansen BERLIN (Reuters) -Germany is set to dodge a widely expected recession this year, a source told Reuters on Wednesday, adding to a chorus of voices predicting a brighter outlook for Europe’s biggest economy as energy prices fall. Facing soaring gas prices due to the war in Ukraine and supply bottlenecks, consumer prices …
Exclusive-Hopes rise Germany could skirt recession this year Read More »
WASHINGTON (Reuters) – U.S. producer prices fell more than expected in December as the costs of energy products and food declined, offering more evidence that inflation was receding. The producer price index for final demand decreased 0.5% last month, the Labor Department said on Wednesday. Data for November was revised lower to show the PPI …
U.S. producer prices fall more than expected in December Read More »
PARIS (Reuters) – New cross-border corporate tax rules could yield about a quarter of a trillion dollars in extra revenue for governments, more than previously expected, the Organisation for Economic Cooperation and Development estimated on Wednesday. Nearly 140 countries are preparing to implement next year a 2021 deal on government’s rights to tax multinationals in …
OECD sees revenue gains from new tax pact reaching $250 billion Read More »
LOS ANGELES (Reuters) -Porn star Ron Jeremy was declared mentally incompetent to stand trial in Los Angeles on rape and other sex charges involving 21 women, a spokesperson for the Los Angeles County District Attorney’s Office said on Tuesday. Jeremy, 69, pleaded not guilty in August 2021 to more than 30 counts of sexual assault, …
Porn actor Ron Jeremy found mentally incompetent to stand trial for rape Read More »
By Hyunjoo Jin (Reuters) – A 2016 video that Tesla used to promote its self-driving technology was staged to show capabilities like stopping at a red light and accelerating at a green light that the system did not have, according to testimony by a senior engineer. The video, which remains archived on Tesla’s website, was …
Tesla video promoting self-driving was staged, engineer testifies Read More »
MEXICO CITY (Reuters) – A nominee of the Mexican government to join the Bank of Mexico’s governing board, Omar Mejia, backed the central bank’s monetary tightening policies on Tuesday and promised transparency and independence if chosen for the role. “It is crucial to preserve (the bank’s) autonomy and maintain a strict respect for it in …
Banxico nominee Mejia pledges independence at congressional hearing Read More »
By Parisa Hafezi DUBAI (Reuters) – As a young prosecutor in Tehran, Ebrahim Raisi sat on a “death committee” overseeing the execution of hundreds of political prisoners in the Iranian capital, rights groups say. Now president three decades later, and seen by many as Iran’s potential next Supreme Leader, Raisi is presiding over an uncompromising …
Iran’s ‘death committee’ president unyielding in defence of clerical rule Read More »
By Sharon Bernstein (Reuters) – Federal prosecutors will not seek the death penalty for the man accused of killing 23 people and injuring dozens more in a hate crime targeting people of Mexican descent at a Walmart store in El Paso, Texas, in 2019, a court document filed on Tuesday showed. Prosecutors say Patrick Wood …
U.S. prosecutors will not seek death penalty against accused Texas Walmart shooter Read More »
