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Tag: ECON

U.S. Treasury posts sharply higher 8 billion June deficit

U.S. Treasury posts sharply higher $228 billion June deficit

July 13, 2023July 13, 2023 · World News

WASHINGTON, July 13 (Reuters) – The U.S. government posted a $228 billion budget deficit for June, up 156% from a year earlier as revenues continued to weaken and…

Read more U.S. Treasury posts sharply higher $228 billion June deficit
UPS strike could be costliest in US in a century, study says

UPS strike could be costliest in US in a century, study says

July 13, 2023July 15, 2023 · World News

July 13 (Reuters) – A threatened U.S. strike at United Parcel Service (UPS.N) could be “one of the costliest in at least a century,” topping $7 billion for…

Read more UPS strike could be costliest in US in a century, study says
As companies bring more jobs to Mexico, US wants labor rights safeguards

As companies bring more jobs to Mexico, US wants labor rights safeguards

July 3, 2023July 4, 2023 · World News

MEXICO CITY, July 3 (Reuters) – The U.S. wants Mexico’s government to build strong institutions to protect worker rights as companies aiming to avoid supply chain disruptions in…

Read more As companies bring more jobs to Mexico, US wants labor rights safeguards
Explainer: US debt ceiling focus on ‘discretionary spending’ means cuts ahead

Explainer: US debt ceiling focus on ‘discretionary spending’ means cuts ahead

May 24, 2023May 24, 2023 · World News

WASHINGTON, May 24 (Reuters) – The central pillar of any debt-ceiling agreement between President Joe Biden and House Republican Kevin McCarthy is shaping up to be “discretionary spending”…

Read more Explainer: US debt ceiling focus on ‘discretionary spending’ means cuts ahead
Canada housing market upturn could delay shift to BoC rate cuts

Canada housing market upturn could delay shift to BoC rate cuts

May 14, 2023May 15, 2023 · World News

TORONTO, May 14 (Reuters) – Signs of recovery in Canada’s housing market after a year-long slump, just as higher borrowing costs are expected to slow much of the…

Read more Canada housing market upturn could delay shift to BoC rate cuts
Biden says US debt ceiling talks are moving along

Biden says US debt ceiling talks are moving along

May 14, 2023May 16, 2023 · World News

WASHINGTON, May 13 (Reuters) – President Joe Biden said on Saturday that talks with Congress on raising the U.S. government’s debt limit were moving along and more will…

Read more Biden says US debt ceiling talks are moving along
Thailand opposition crushes military parties in election rout

Thailand opposition crushes military parties in election rout

May 14, 2023May 16, 2023 · World News

Challenge ahead for opposition parties to form government Move Forward comes close to sweep of capital Bangkok No alliances with dictator-backed parties – Pita Military parties down, but…

Read more Thailand opposition crushes military parties in election rout
It’s not 2020 anymore. Biden’s re-election campaign faces new challenges

It’s not 2020 anymore. Biden’s re-election campaign faces new challenges

April 24, 2023April 26, 2023 · World News

WASHINGTON, April 23 (Reuters) – It won’t be a campaign from the basement this time. As U.S. President Joe Biden gears up for a bruising re-election battle, the…

Read more It’s not 2020 anymore. Biden’s re-election campaign faces new challenges
Cash-loving Germans fret over exploding ATMs as cross-border crime wave hits

Cash-loving Germans fret over exploding ATMs as cross-border crime wave hits

April 14, 2023April 16, 2023 · World News

RATINGEN, Germany, April 14 (Reuters) – In the German town of Ratingen, exploding cash machines are a hot-button topic. Two got blown up early on the same morning…

Read more Cash-loving Germans fret over exploding ATMs as cross-border crime wave hits
In victory for labor unions, Michigan governor repeals ‘right-to-work’ law

In victory for labor unions, Michigan governor repeals ‘right-to-work’ law

March 25, 2023March 28, 2023 · World News

March 24 (Reuters) – Michigan Governor Gretchen Whitmer on Friday signed a package of bills repealing the state’s so-called “right to work” law that allowed workers to opt…

Read more In victory for labor unions, Michigan governor repeals ‘right-to-work’ law
Saudi Arabia could invest in Iran ‘very quickly’ after agreement – minister

Saudi Arabia could invest in Iran ‘very quickly’ after agreement – minister

March 15, 2023March 16, 2023 · World News

RIYADH, March 15 (Reuters) – Saudi Arabia’s Finance Minister Mohammed Al-Jadaan said on Wednesday that Saudi investments into Iran could happen “very quickly” following an agreement to restore…

Read more Saudi Arabia could invest in Iran ‘very quickly’ after agreement – minister
China sets modest growth target of about 5% as parliament opens

China sets modest growth target of about 5% as parliament opens

March 5, 2023March 6, 2023 · World News

GDP target around 5% at low end of expectations Work report focuses on consumption, jobs Defence spending to rise 7.2%, up from 7.1% rise Budget deficit target at…

Read more China sets modest growth target of about 5% as parliament opens
Host India doesn’t want G20 to discuss further Russia sanctions – sources

Host India doesn’t want G20 to discuss further Russia sanctions – sources

February 23, 2023February 24, 2023 · World News

BENGALURU, Feb 22 (Reuters) – India does not want the G20 to discuss additional sanctions on Russia for its invasion of Ukraine during New Delhi’s one-year presidency of…

Read more Host India doesn’t want G20 to discuss further Russia sanctions – sources
Analysis: Loans to Russian soldiers fuel calls for European banks to quit

Analysis: Loans to Russian soldiers fuel calls for European banks to quit

February 13, 2023February 14, 2023 · World News

BERLIN/LONDON, Feb 13 (Reuters) – A Russian scheme to grant loan payment holidays to troops fighting in Ukraine, and for banks to write off the entire debt if…

Read more Analysis: Loans to Russian soldiers fuel calls for European banks to quit
Poland says Germany refused talks on World War Two reparations

Poland says Germany refused talks on World War Two reparations

January 3, 2023January 4, 2023 · World News

WARSAW, Jan 3 (Reuters) – Germany has rebuffed the latest push by Poland’s nationalist government for vast reparations over World War Two, saying in response to a diplomatic…

Read more Poland says Germany refused talks on World War Two reparations
Canada’s deep yield curve inversion adds to BoC rate hike dilemma

Canada’s deep yield curve inversion adds to BoC rate hike dilemma

December 4, 2022December 5, 2022 · World News

TORONTO, Dec 4 (Reuters) – As the Bank of Canada considers ditching oversized interest rate hikes, it is dealing with an economy likely more overheated than previously thought…

Read more Canada’s deep yield curve inversion adds to BoC rate hike dilemma
China’s Xi unwilling to accept western vaccines, U.S. official says

China’s Xi unwilling to accept western vaccines, U.S. official says

December 4, 2022December 7, 2022 · World News

WASHINGTON, Dec 3 (Reuters) – Chinese leader Xi Jinping is unwilling to accept Western vaccines despite the challenges China is facing with COVID-19, and while recent protests there…

Read more China’s Xi unwilling to accept western vaccines, U.S. official says
Consumer inflation in Japan’s capital rises at fastest pace in 40 years

Consumer inflation in Japan’s capital rises at fastest pace in 40 years

November 24, 2022November 25, 2022 · World News

Tokyo Nov core CPI up 3.6% vs f’cast +3.5% Tokyo CPI stays above BOJ’s 2% target for 6th straight month Data underscores broadening inflationary pressure TOKYO, Nov 25…

Read more Consumer inflation in Japan’s capital rises at fastest pace in 40 years
Weapons industry booms as Eastern Europe arms Ukraine

Weapons industry booms as Eastern Europe arms Ukraine

November 24, 2022November 26, 2022 · World News

E.Europe arms companies step up production for Ukraine Hope to find new markets as defence spends rise Can produce and service Soviet-era and NATO-standard weaponry Poland, Czechs among…

Read more Weapons industry booms as Eastern Europe arms Ukraine
Ghana plans to buy oil with gold instead of U.S. dollars

Ghana plans to buy oil with gold instead of U.S. dollars

November 24, 2022November 27, 2022 · World News

ACCRA, Nov 24 (Reuters) – Ghana’s government is working on a new policy to buy oil products with gold rather than U.S. dollar reserves, Vice-President Mahamudu Bawumia said…

Read more Ghana plans to buy oil with gold instead of U.S. dollars
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