WASHINGTON (Reuters) – Whether the United States, the world’s largest economy, will slip into a recession is a growing concern for chief executives, the Federal Reserve, and the administration of President Joe Biden. But defining what a recession is, and predicting when it will happen, is not straight-forward. WHAT IS A RECESSION? A recession is…
(Reuters) – The U.S. Environmental Protection Agency was ordered by a federal appeals court on Friday to take a fresh look at whether glyphosate, the active ingredient in the weed killer Roundup, posts an unreasonable risk to humans and the environment. In a 3-0 decision, the 9th U.S. Circuit Court of Appeals in Pasadena, California,…
VALLETTA (Reuters) – The world’s money laundering and terrorist financing watchdog (FATF) said on Friday that Malta was no longer subject to its increased monitoring process, a decision welcomed by the Mediterranean island’s prime minister. The Paris-based inter-governmental Financial Action Task Force had put Malta on its grey list of untrustworthy jurisdictions in June 2021….
WASHINGTON (AP) — The Securities and Exchange Commission moved closer Friday to a final rule that would dramatically alter what public companies tell shareholders about climate change — both the risks it poses to their operations and their own contributions to the problem. Public comment on the proposal has now closed, with more than 10,000…
BRUSSELS (Reuters) -Trade unions representing cabin crew of Ryanair plan a strike later in June in Belgium and elsewhere in Europe, increasing disruption for passengers to and from Belgium during a peak holiday weekend and a European Union summit. Unions representing Ryanair workers in various European countries said on Friday that they were planning a…
By Diane Bartz WASHINGTON (Reuters) -U.S. lawmakers are urging Alphabet Inc’s leading Google search engine to give accurate results to people seeking abortions rather than sometimes sending them to “crisis pregnancy centers,” which steer woman away from the procedures. The request came in a letter, whose top signatories were Senator Mark Warner and Representative Elissa…
By Ann Saphir and Lindsay Dunsmuir (Reuters) -The Federal Reserve, fresh from its biggest interest rate hike in more than a quarter of a century, signaled on Friday it will not let anything stand in the way of its battle to bring down the searing inflation that’s punishing American households. “The Committee’s commitment to restoring…
ISLAMABAD (AP) — An international watchdog said Friday it will keep Pakistan on a so-called “gray list” of countries that do not take full measures to combat money laundering and terror financing but raised hopes that its removal would follow an upcoming visit to Islamabad to determine its progress. The announcement by Marcus Pleyer, the…
By Koh Gui Qing NEW YORK (Reuters) – World stocks whipsawed on Friday to edge closer to their worst week since markets’ pandemic meltdown in March 2020, as leading central banks tightened policy in an effort to tame inflation, setting investors on edge about future economic growth. The biggest U.S. rate rise since 1994, the…
(Reuters) – Drugmaker Merck & Co is considering buying cancer-focused biotech company Seagen Inc, the Wall Street Journal reported on Friday, citing people familiar with the matter. Talks have been underway for a while and a deal is not imminent because of heightened risk of a regulatory challenge, the Journal reported, adding that it was…
