BERLIN (Reuters) -Inflation is likely to remain high for another two years as companies pass on higher input costs and…
ECB must be ready to take the heat and raise rates more, Schnabel says
FRANKFURT (Reuters) – The European Central Bank must be prepared to take the heat and raise interest rates further, including…
Hungary imposes windfall tax on drug producers to plug budget gap
BUDAPEST (Reuters) -Hungary’s government has imposed a windfall tax on drug producers based on net revenues generated in 2022 and…
China central banker calls for strengthening property sector policies
SHANGHAI (Reuters) – A top advisor to the People’s Bank of China on Saturday called for strengthening of real estate…
Mexico’s newest oil refinery now seen working at half capacity in mid-2023
By Adriana Barrera MEXICO CITY (Reuters) – Mexican state oil company Pemex’s newest refinery will reach half of its crude…
Japan firms to stop insuring ships in all Russian waters -Nikkei
TOKYO (Reuters) – Three Japanese insurance companies will stop insuring ships for damage in all Russian waters due to the…
U.S. awards defense contract of over $1 billion to Lockheed Martin
By Kanishka Singh WASHINGTON (Reuters) -The U.S. awarded defense contracts to companies on Friday, including one of over a billion…
Exclusive-Twitter removes suicide prevention feature, says it’s under revamp
By Paresh Dave, Fanny Potkin and Sheila Dang (Reuters) -Twitter Inc removed a feature in the past few days that…
Wall Street ends up as investors eye data for rate prospects, energy outperforms
By Sinéad Carew and Ankika Biswas (Reuters) – The S&P 500 closed higher on Friday, in a light trading day…
Bankman-Fried, FTX execs received billions in hidden loans, ex-Alameda CEO says
By Luc Cohen and Tom Hals NEW YORK (Reuters) -Sam Bankman-Fried and other FTX executives received billions of dollars in…