BERLIN (AP) — Germany’s transport minister voiced strong opposition Thursday to plans to ban the sale of new cars with combustion engines across the European Union in 2035, arguing this would discriminate against vehicles powered with synthetic fuels. EU lawmakers voted Wednesday to back the measure that requires automakers to cut carbon-dioxide emissions by 100%…
WASHINGTON (AP) — Average long-term U.S. mortgage rates jumped back up ahead of next week’s Federal Reserve meeting where it’s expected to announce another big increase to its main borrowing rate. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate jumped to 5.23% this week from 5.09% last week. A year ago at this…
By Stine Jacobsen and Helena Soderpalm COPENHAGEN (Reuters) -Some 1,000 SAS pilots in Denmark, Norway and Sweden could go on strike from late June over disagreements on wages and ways to cut costs at the struggling Nordic airline, labour unions said, drawing a sharp rebuke from the company. “We have been negotiating for months without…
By Nichola Groom (Reuters) – U.S. renewable energy developers have delayed or scrapped several big battery projects meant to store electrical power on the grid in recent months, scuttling plans to replace fossil fuels with wind and solar energy. At least a dozen storage projects meant to support growing renewable energy supplies have been postponed,…
By Michel Rose TOULOUSE, France (Reuters) – The vibrant southern French city of Toulouse, home to pan-European industrial champion Airbus, might seem an unlikely prize for the anti-free market, eurosceptic Jean-Luc Melenchon. But after Melenchon came top in the Toulouse constituency hosting the aerospace company in France’s presidential election, it is a seat his new…
The global supply chain is in shambles. Retailers are paying record fees for shipping. China is the ‘warehouse for the globe’ but its covid policies are crippling supply chains. Consumer spending habits fluctuate at a record pace as the pandemic impacts wants and needs. The need for accuracy and speed in today’s marketplace has never…
(Corrects typo in paragraph 1) By Susan Mathew (Reuters) – European shares hit session lows on Thursday after the European Central Bank signalled a higher interest rate hike in September as it raised its inflation forecast and cut economic growth expectations for the year. The STOXX euro zone stocks index, which recouped almost all its…
WASHINGTON (AP) — More Americans applied for jobless aid last week, but the total number of Americans collecting unemployment remains at a five-decade low. Applications for unemployment benefits rose by 27,000 to 229,000 for the week ending June 4, the most since mid-January, the Labor Department reported Thursday. First-time applications generally track the number of…
By Marc Jones LONDON (Reuters) – Benchmark European borrowing costs hit an 8-year high on Thursday but the euro and stocks stayed firmly grounded as the European Central Bank signalled it will hike euro zone interest rates for the first time in a decade next month. Along with a 20-year low for the Japanese yen…
LONDON (AP) — The average cost of filling up a typical family car has exceeded 100 pounds ($125) for the first time in Britain, as Russia’s war in Ukraine drives gasoline prices higher. Figures from data firm Experian Catalist showed that the average price of a liter of gas at U.K. pumps hit a record…
