(Reuters) – The economy of Belarus is expected to shrink by 4% in 2022 after western nations imposed punitive measures,…
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…
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…
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…
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…
Republican senators propose overhaul of Federal Reserve amid concerns about politics
(This Dec. 21 story has been corrected to show that the proposed bill would subject the Fed general counsel to…
Zimbabwe’s night markets cushion crisis-weary citizens from inflation
By Nyasha Chingono HARARE (Reuters) – As dusk descends on the dimly lit central business district of Zimbabwe’s capital Harare,…
Japan unveils record budget in boost to military spending
By Tetsushi Kajimoto and Takaya Yamaguchi TOKYO (Reuters) – Japan unveiled on Friday a record 114.4 trillion yen ($863 billion)…
Italy business and consumer morale rises in December, but manufacturers more downbeat
ROME, Dec 23 (Reuters) – Morale amongst Italian businesses and consumers rose in December, data showed on Friday, although the…
Japan to unveil record $864 billion budget driven by military costs
By Tetsushi Kajimoto and Takaya Yamaguchi TOKYO (Reuters) – Japan is set to unveil on Friday a record $864 billion…