By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit in goods widened sharply to a record high in January amid an increase in imports as businesses continued to replenish depleted inventories. The pace of inventory accumulation reported by the Commerce Department on Monday was, however, slower than in recent months. That, together with the…
By Akash Sriram (Reuters) -Electric vehicle startup Lordstown Motors Corp said on Monday it plans to sell its first 500 Endurance electric pickup trucks this year even as expenses related to the launch surged in the fourth quarter, sending its shares down 16%. The company, when it went public under the previous management, had previously…
BRUSSELS (AP) — Within days, Russian President Vladimir Putin has achieved what remained out of the grasp of the European Union for many decades — to jointly buy and send weapons to a war zone — and restored something that was broken for years — trans-Atlantic unity. For years, Putin could sit back and relish…
By Anne Kauranen HELSINKI (Reuters) -Airlines on Monday braced for a potentially lengthy dispute after the European Union (EU) banned Russian airlines from its airspace and Moscow responded in kind, barring carriers from 36 countries including all 27 members of the European Union. Dozens of flights were cancelled or sent on costly detours as the…
(Reuters) -The Russian rouble tumbled to a record low in extremely volatile trade on Monday, losing a third of its value so far this year, but an emergency rate hike and other urgent measures adopted by the central bank helped it trim losses. The Bank of Russia had sold around $1 billion from its reserves…
If there is no doctor in the house, Amazon’s Alexa will soon be able to summon one. Amazon and telemedicine provider Teladoc Health are starting a voice-activated virtual care program that lets customers get medical help without picking up their phones. The service, for health issues that aren’t emergencies, will be available around the clock…
(Reuters) – Retailer Target Corp said on Monday it would spend $300 million more in the next year improving starting salaries and healthcare for its vast army of employees as it looks to be an attractive workplace in a tight U.S. labor market. Retailers and restaurants have been struggling with worker shortages over the last…
A Russian military convoy threatening Kyiv is far bigger than initially thought, with satellite images from Monday showing it occupying much of a 40-mile (64-kilometer) stretch of road north of the Ukrainian capital. Explosions and gunfire were heard in embattled cities in eastern Ukraine as Russia’s invasion met unexpectedly stiff resistance. The Russian military assault…
NEW YORK (AP) — Workers at Target stores and distribution centers in places like New York, where competition for finding and hiring staff is the fiercest, could see starting wages as high as $24 an hour this year. The Minneapolis-based discount retailer said Monday that it will adopt minimum wages that range from $15 to…
By Devik Jain (Reuters) -U.S. stock index futures dropped on Monday as investors assessed the fallout from a new set of sanctions imposed by the Western countries on Russia over its invasion of Ukraine. World stocks slid, oil prices jumped and Russia’s rouble tanked to record lows after the Western allies blocked Russian banks off…
