NEW YORK (Reuters) – Euro zone inflation is at risk of getting entrenched above 2% so the European Central Bank will keep fighting excessive price growth, even as its policy response is shifting gears, French central bank chief Francois Villeroy de Galhau said. The ECB has raised rates by a combined 350 basis points since …
Euro zone inflation at risk of getting entrenched -ECB’s Villeroy Read More »
By David Lawder and Hannah Lang WASHINGTON (Reuters) – The International Monetary Fund warned on Tuesday that lurking financial system vulnerabilities could erupt into a new crisis and slam global growth this year, but urged member countries to keep tightening monetary policy to fight persistently high inflation. The warnings set an ominous tone for the …
IMF flashes financial risk warnings but urges continued inflation fight Read More »
WASHINGTON (Reuters) – Senate Majority Leader Chuck Schumer said on Tuesday he plans to introduce a resolution rejecting former President Donald Trump’s call to defund the Justice Department and FBI. Trump, who is seeking to regain the presidency in 2024, made the plea to his fellow Republicans in Congress one day after being charged in …
Senate Majority Leader rejects Trump’s call to defund FBI, Justice Read More »
By Brendan O’Brien and Jarrett Renshaw CHICAGO (Reuters) -U.S. President Joe Biden picked Chicago to host the 2024 Democratic National Convention, tapping a large liberal city in the heart of the Midwest to hold what could be his nominating party, officials said on Tuesday. Chicago beat out New York, another progressive city, as well as …
Biden’s Chicago pick for 2024 convention keeps spotlight on Midwest Read More »
By Hannah Lang (Reuters) – The International Monetary Fund warned on Tuesday of a “perilous combination of vulnerabilities” in financial markets, saying participants’ failing to adequately prepare for interest rate increases has led to significant uncertainty about the health of the financial system. Moreover, the global lender said U.S. regional banks in particular may warrant …
IMF warns bank failures highlight ‘perilous’ financial stability risks Read More »
WASHINGTON (Reuters) – The Biden administration on Tuesday proposed new health protections to reduce exposure of U.S. workers and communities to ethylene oxide, a toxic, colorless gas mainly used to sterilize medical equipment and spices. The Environmental Protection Agency issued a proposed rule with new requirements at 86 sterilizer facilities across the country, that if …
Biden admin proposes protections from chemical used to sterilize equipment, spices Read More »
By Joseph White DETROIT (Reuters) – Ford Motor Co said Tuesday that next year it will start retooling its sport utility vehicle assembly plant in Oakville, Ontario to produce electric vehicles, fulfilling a promise made to Canada’s Unifor union during contract bargaining in 2020. Ford plans to begin overhauling the Oakville complex in the second …
Ford will retool Ontario factory to build EVs starting next year Read More »
By Andre Romani SAO PAULO (Reuters) – Meta Platforms on Tuesday began rolling out its payments tool to small and medium-sized firms through its WhatsApp messaging platform in Brazil, part of Meta’s strategy to use the Brazilian market as a key test space for business messaging. The development of business messaging has become all the …
Meta’s WhatsApp rolls out business payment tool in Brazil Read More »
By Jody Godoy and Bharat Gautam (Reuters) – A U.S. judge on Monday denied Theranos founder Elizabeth Holmes’ request to remain free on bail while she appeals her conviction on charges of defrauding investors in the failed blood-testing startup that was once valued at $9 billion. Holmes, who rose to fame after claiming Theranos’ small …
Theranos founder Elizabeth Holmes cannot remain free during appeal, judge rules Read More »
By Nathan Gomes (Reuters) -CarMax Inc on Tuesday posted fourth-quarter profit above analysts’ estimates as cost cutting measures helped the pre-owned car retailer soften the blow from a slowdown in demand for vehicles. Shares of the Richmond, Virginia-based company rose over 9% at $71.81 in morning trade. Â Â CarMax had in December implemented a series …
CarMax speeds past quarterly profit estimates on cost cuts Read More »
