By Daphne Psaledakis WASHINGTON (Reuters) -The United States on Thursday imposed sanctions on over a dozen companies based in China, Hong Kong and the United Arab Emirates that Washington accused of f[...]
Read more
Economy
As recession looms, British business sends out lending SOS
By Sinead Cruise, Iain Withers and Lawrence White LONDON (Reuters) -As inflation rockets and recession looms, many British businesses are struggling to secure affordable bank finance, piling pressure[...]
Read more
U.S. labor market remains tight despite technology sector layoffs
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell last week, showing widespread layoffs remain low despite a surge in technology-s[...]
Read more
Credit Suisse wealth boss De Ferrari targets growth markets, tech boost
By Oliver Hirt, Noele Illien and Michael Shields ZURICH (Reuters) – Francesco De Ferrari, the head of Credit Suisse’s wealth management business, is focused on growth markets, high net wor[...]
Read more
Startup ID.me’s claim on scope of unemployment fraud was baseless, U.S. Congress says
By Paresh Dave OAKLAND, Calif. (Reuters) – Government contractor ID.me, which checks the identity of benefits applicants, had no basis for its claim that almost half of unemployment aid during t[...]
Read more
Musk says he made some Tesla decisions without board nod, defends $56 billion pay
By Tom Hals and Hyunjoo Jin WILMINGTON, Del (Reuters) -Elon Musk said in court on Wednesday that he made some Tesla Inc decisions without the approval of the company’s directors, as he defended[...]
Read more
Fed’s Jefferson says low inflation key to U.S. prosperity
(Reuters) – High inflation hurts low-income households hardest, and bringing it down is the best way for the Federal Reserve to help bring prosperity to Americans broadly and narrow the economic[...]
Read more
Fed’s Bullard: Even ‘dovish’ policy assumptions require more rate hikes
By Howard Schneider WASHINGTON (Reuters) -Even under a “generous” analysis of monetary policy, the Federal Reserve needs to keep raising interest rates given that its tightening so far[...]
Read more
Volkswagen’s $2 billion Trinity electric vehicle plant in doubt
By Jan Schwartz HAMBURG (Reuters) -Volkswagen Chief Executive Oliver Blume is reviewing whether to stick to a plan to build a new plant to assemble its Trinity electric vehicles (EV) or to use its exi[...]
Read more