By Tom Hals and Hyunjoo Jin WILMINGTON, Del (Reuters) -Elon Musk said in court on Wednesday that he made some…
OBR sees UK GDP falling 2% in over a year of recession
LONDON (Reuters) – Britain’s economy will shrink by 2% in a recession that started during the previous quarter and is…
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…
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…
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…
IMF grants Malawi waiver after it overstated its reserves
BLANTYRE (Reuters) – The International Monetary Fund’s executive board has granted Malawi a waiver after it misreported its international reserves,…
Roku becomes latest firm to reduce staff with 200 job cuts
(Reuters) – Roku Inc said on Thursday it would cut 200 jobs in the United States, becoming the latest tech…
Britain softens business rates blow with 13.6 billion stg support package
By James Davey LONDON (Reuters) -Britain will provide 13.6 billion pounds ($16.1 billion) of support to retail, hospitality and leisure…
Britain’s budget plan restores credibility but risks remain -Moody’s
LONDON (Reuters) – Britain’s budget plan for tax increases and tighter public spending announced on Thursday goes some way to…
Macy’s profits from wealthy shoppers, Kohl’s feels inflation pinch
By Uday Sampath Kumar and Deborah Mary Sophia (Reuters) -Upscale U.S. retail chain Macy’s Inc raised its annual profit forecast…