BRUSSELS (AP) — The European Union’s chief executive vowed Tuesday that Poland would get no money from the bloc’s vast pandemic relief fund until the right-wing government rolls back measures deemed to limit the independence of the country’s judiciary. Poland is line to receive nearly 36 billion euros ($38.5 billion) to help its economy recover…
PARIS (AP) — Health workers protested Tuesday around France to demand more hiring and better salaries in public hospitals, after years of cost cuts that left medics submerged when the COVID-19 pandemic hit and are now forcing emergency rooms to cut services. Nine unions and collectives organized a day of protest, including a demonstration outside…
By Devik Jain and Mehnaz Yasmin (Reuters) – U.S. stock indexes slipped in choppy trading on Tuesday as investors digested Target Corp’s gloomy margin forecast that spooked the retail sector, while awaiting inflation data due later this week. Shares of Target slid 4.3% as the big-box retailer said it would have to offer deeper discounts…
By Christoph Steitz and Markus Wacket FRANKFURT/BERLIN (Reuters) – German state-owned bank KfW is considering taking a stake in TransnetBW, the high-voltage power transmission network that EnBW is looking to open up to a long-term investment partner, three people familiar with the matter said. The early deliberations highlight Berlin’s efforts to keep a certain degree…
WASHINGTON/LONDON (Reuters) -The U.S. Treasury Department has advised U.S. money managers that Washington’s sanctions on Moscow bar any secondary market purchases of debt or stocks belonging to Russia’s government and firms, not just newly issued, further tightening curbs on the country following its invasion of Ukraine. The Treasury’s guidance published on Monday said executive orders…
Market valuations are cheaper. That is a prime argument for bulls on why now is a great time to buy. The S&P traded at approximately 22x earnings through much of 2021. The decline in markets year-to-date has lowered that to around 17x as we drift towards Q2 earnings. Yardeni Research P/E Chart: The problem with…
By Chuck Mikolajczak NEW YORK (Reuters) – The U.S. dollar index retreated from earlier highs and fell on Tuesday as U.S. equities shook off an early risk-off mood and turned positive, but the greenback managed to hit its highest level in 20 years against the Japanese yen. Stocks on Wall Street advanced in the early…
MADRID (AP) — Spain’s former king has decided to postpone a second visit home since he established residence abroad after his reputation was tarnished by financial scandal, Spanish news agency EFE reported Tuesday. Juan Carlos, 84, returned to his country last month for the first time in nearly two years to attend a sailing event…
By Foo Yun Chee BRUSSELS (Reuters) – Apple will have to change the connector on iPhones sold in Europe by 2024 after EU countries and lawmakers agreed on Tuesday to a single mobile charging port for mobile phones, tablets and cameras in a world first. The political intervention, which the European Commission said would make…
LONDON (AP) — Forget rummaging through the junk drawer. Soon, Europeans will only need to reach for one cable to charge their smartphones and other devices. European Union officials said they inked a provisional agreement Tuesday that will require a uniform charging cord in the 27-nation bloc. It’s part of a wider effort to make…
