ESBJERG PORT, Denmark (Reuters) -Germany, Belgium, the Netherlands and Denmark on Wednesday pledged to build at least 150 gigawatts (GW) of offshore wind capacity in the North Sea by 2050 to create a “green power plant” for Europe.
By Lucia Mutikani WASHINGTON (Reuters) – Permits for future U.S. homebuilding tumbled to a five-month low in April, suggesting the housing market was slowing as rising mortgage rates contribute to reduced affordability for entry-level and first-time buyers.
BONN, Germany (Reuters) – The United States is unlikely to extend a soon-to-expire licence that allows Russia to pay U.S. bondholders, Treasury Secretary Janet Yellen said on Wednesday, which could put Moscow closer to defaulting on its debt.
By Howard Schneider WASHINGTON (Reuters) – Stress on global supply chains worsened in April as coronavirus lockdown measures in China and the war in Ukraine lengthened delivery times, and air freight costs between the United States and Asia rose, the New York Federal Reserve reported in
BUCHAREST (Reuters) – Romania is considering changing its tax system, Prime Minister Nicolae Ciuca said on Wednesday in a surprise announcement, and his leftist coalition partners said they wanted to replace the current flat income tax rate with a progressive one.
By Steven Scheer JERUSALEM (Reuters) – The Bank of Israel will likely raise short-term interest rates by a quarter-point next week to rein in rising inflation, partly caused by low unemployment and strong economic growth.
(Reuters) – Oil pipeline monopoly Transneft has joined other Russian entities in curbing access to trade and financial data, sources told Reuters.
(Corrects headline to 7.2%, not 7.9%) (Reuters) – Chiles economy expanded 7.2% in the first quarter of 2022 from a year earlier, central bank data showed on Wednesday, below an expected 7.9% jump, according to a Reuters poll of economists.
The U.S. economy is likely to continue growing at an above-trend pace for at least the next 18 months.
LONDON (Reuters) – Morgan Stanley said on Wednesday Ukraine‘s economy could slump as much as 60% year-on-year in 2022 in case of a “more prolonged conflict with no clear resolution” following Russia’s invasion.
(Reuters) – Discount store operator TJX Cos Inc on Wednesday cut its full-year sales forecast after missing first-quarter revenue estimates, as demand for apparel and discretionary goods showed signs of easing amid rising inflation.
By Jamie Freed (Reuters) -Singapore Airlines Ltd (SIA) on Wednesday posted a narrower annual loss of S$962 million ($694.08 million), at a time when demand remained low due to the pandemic, but said the outlook was improving as travel restrictions were lifted.
By Sam Nussey TOKYO (Reuters) – Japanese conglomerate Sony Group Corp said it is well-positioned to play a leading role in the metaverse, or immersive virtual worlds, which commentators speculate will massively disrupt industries and establish new powerhouses.
By Dan Burns (Reuters) – Chicago Federal Reserve Bank President Charles Evans on Tuesday said he supports an initial burst of monetary policy tightening, and then a more “measured” pace of rate hikes to allow time to assess inflation and the impact of higher borrowing costs
By Svea Herbst-Bayliss BOSTON (Reuters) – Proxy advisory firm Glass Lewis on Tuesday recommended McDonald‘s Corp investors vote for the company’s directors, dealing a setback to billionaire investor Carl Icahns efforts to replace two directors.
By Kate Abnett BRUSSELS (Reuters) – The European Commission will on Wednesday unveil a 210 billion euro plan for how Europe can end its reliance on Russian fossil fuels by 2027, and use the pivot away from Moscow to quicken its shift to green energy.
By Tom Sims, Alexander Hübner and John ODonnell
By Krystal Hu (Reuters) – Billionaire Elon Musks SpaceX is poised to become the most valuable U.S. startup as its valuation rose to over $125 billion in an ongoing share sale in the secondary market, sources familiar with the matter told Reuters.
(Reuters) – Slovak Finance Minister Igor Matovic said on Tuesday he would propose a special tax on Russian crude processed in the country, clashing with a government coalition partner as he seeks to raise budget revenue for the states anti-inflation measures.
By Sinéad Carew (Reuters) – Shares in consumer discretionary and staples stocks were trading in opposite directions on Tuesday as encouraging retail sales data was countered by disappointing earnings and financial targets from Walmart, which blamed high inflation.