PARIS (Reuters) – The French economy is set to grow slightly in the second quarter when compared to the previous one, the country’s central bank said on Wednesday, as activity across secto[...]
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May 10, 2023
US airlines thrown a curveball as consumer habits change post-pandemic
By Rajesh Kumar Singh CHICAGO (Reuters) – Shifting travel patterns by consumers in a post-pandemic world are forcing airlines to guess at what is the “new normal” as they seek to adj[...]
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Analysis: Inflation may not be cooling fast enough to justify stock valuations
By Lewis Krauskopf NEW YORK (Reuters) – Some investors are growing concerned that the U.S. economy may not be cooling fast enough to justify bets that the Federal Reserve will cut interest rates[...]
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ECB’s Centeno says interest rates near peak, could ease in 2024
By Sergio Goncalves LISBON (Reuters) -The European Central Bank’s key interest rate is approaching its peak but further adjustments are still necessary, ECB Governing Council member Mario Centen[...]
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SEC, Covington dig in their heels as judge weighs US demand for client names
By Andrew Goudsward (Reuters) – A federal judge on Wednesday urged the U.S. Securities and Exchange Commission to resolve its dispute with law firm Covington & Burling over the agency’[...]
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Dominion CEO describes deliberation around $787.5 million settlement with Fox
By Helen Coster (Reuters) – When deliberating whether to settle its defamation lawsuit against Fox for $787.5 million in April, the CEO of Dominion Voting Systems and his partner saw the figure[...]
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Lucid losses put Saudi Arabia’s EV strategy in the headlamps
By Yousef Saba and Rachna Uppal DUBAI (Reuters) – Lucid’s electric vehicles are often displayed prominently at public events and financial conferences in Saudi Arabia to symbolise its crow[...]
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Ex-Tesla worker seeks third trial in race bias case after $3.2 million award
By Daniel Wiessner (Reuters) – A Black former Tesla Inc factory worker has accused the electric automaker’s lawyers of “egregious misconduct” after a jury awarded him $3.2 mill[...]
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US debt ceiling impasse pushes government credit default swaps to record high
By Davide Barbuscia NEW YORK (Reuters) -The cost of insuring exposure to U.S. government debt rose to fresh highs on Wednesday, as President Joe Biden and top lawmakers remained deadlocked in talks ov[...]
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