Economy
Japan Inc set to offer bumper pay hikes, paving way for BOJ stimulus exit By Reuters
By Tetsushi Kajimoto TOKYO (Reuters) - Big Japanese companies look set to formally offer hefty pay hikes at annual wage talks with unions that wrap…
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Indonesia to allocate $2.7 billion next year to construction of new capital
JAKARTA (Reuters) -Indonesia is to allocate 40.6 trillion rupiah ($2.7 billion) to the construction of its new capital city in…
Exclusive-Bridgewater’s flagship fund was bearish on US stocks as rally fizzled
By Nell Mackenzie and Carolina Mandl LONDON/NEW YORK (Reuters) - Bridgewater Associates' flagship fund had a bearish view on U.S.…
ONE boosts range of Aries EV battery, aims for 600 miles with Gemini
(This Aug. 15 story has been corrected to say that the cost target is $50 at cell level and less…
Chinese duties on U.S. imports ‘inconsistent’ with WTO obligations
GENEVA (Reuters) -A World Trade Organization (WTO) dispute settlement panel on Wednesday found that China had acted inconsistently with its…
Russian consumer prices rose as rouble tumbled past 100 vs dollar -Rosstat
(Reuters) - Russia's weekly consumer prices rose as the rouble's tumble past 100 to the dollar added to already high…
Biden calls IRA ‘one of the most significant laws’ ever as he promotes climate investments
President Joe Biden on Wednesday marked the first anniversary of his Inflation Reduction Act, a massive package of climate and…
Nigeria’s suspended cenbank governor to face fraud charges on Thursday
By Camillus Eboh ABUJA (Reuters) - Nigeria's suspended central bank governor Godwin Emefiele will appear in a high court in…
Appeals court rules to restrict abortion-pill access, but it will remain widely available for now
A federal appeals court ruled Wednesday that access to the abortion pill mifepristone should be restricted, although the pill will…
Maui tourism, an economic mainstay, sparks anger amid fire ruin
By Doyinsola Oladipo, Julia Harte and Rich McKay (Reuters) - The incongruous sight of tourists enjoying Maui's tropical beaches while…
Most Fed members flag upside risks to inflation as sign job not yet done
Investing.com -- Most Federal Reserve officials flagged "significant" upside risks to inflation as a sign that further rate hikes could be…
Most businesses plan to stick to current work-from-home arrangements
Businesses want more employees to show up at the office, but they still plan to stick with current work-from-home arrangements…
US slaps sanctions on entities over alleged arms deals between North Korea, Russia
WASHINGTON (Reuters) -The United States on Wednesday imposed sanctions on three entities it accused of being tied to arms deals…
Fed officials continue to worry about ‘significant upside inflation risks,’ minutes show
“Most” Federal Reserve officials last month continued to see serious inflation risks which could require more interest-rate hikes, according to…
With a Gallic shrug, Fed bids adieu to the recession that wasn’t
By Howard Schneider, Indradip Ghosh WASHINGTON (Reuters) -Blame it on economic theory not matching reality, groupthink among forecasters, or political…
Biden’s IRA features energy and climate moves. Who would guess it from the name?
It was so 2022. Passage of the nearly $1 trillion Inflation Reduction Act: a largely Democrat-written, broad spending bill targeting…
Lula approval rises on economic optimism, lower food prices -Brazil poll
BRASILIA (Reuters) -Approval of President Luiz Inacio Lula da Silva's government increased in August on voter perceptions that Brazil's economy…
Prosecutor proposes March 4 trial date for Trump’s election-interference case in Georgia
The district attorney in Georgia’s Fulton County, Fani Willis, is seeking to have the trial start on March 4 in…
Fed officials divided in July over need for more rate hikes, minutes show
By Howard Schneider and Michael S. Derby WASHINGTON (Reuters) -Federal Reserve officials were divided over the need for more interest…