By Lucia Mutikani WASHINGTON (Reuters) -The U.S. trade deficit in goods narrowed in May as exports increased strongly, suggesting that trade could contribute to economic growth in the second quarter for the first time in nearly two years. The report from the Commerce Department on Tuesday also showed solid increases in wholesale and retail inventories….
NEW YORK (AP) — The American Folk Art Museum, unlike many other arts institutions, managed to avoid layoffs and other cutbacks in the two years after the pandemic through a mix of fundraisers and increased donor contributions. On Tuesday, the museum plans to announce its largest and most unusual recent gift — a $5 million…
LONDON (AP) — The European Medicines Agency says it will begin reviewing data to decide if a smallpox vaccine made by the pharmaceutical company Bavarian Nordic might also be authorized for monkeypox, amid a growing outbreak of the disease across the continent. In a statement on Tuesday, the EU drug regulator noted that the vaccine,…
WASHINGTON (Reuters) – The U.S. trade deficit in goods narrowed in May as exports increased, suggesting that trade could contribute to economic growth this quarter for the first time in nearly two years. The goods trade deficit fell 2.2% to $104.3 billion, the Commerce Department said on Tuesday. Goods exports rose $2.0 billion to $176.6…
THE HAGUE, Netherlands (AP) — Farmers protested around the Netherlands as lawmakers voted Tuesday on proposals to slash emissions of damaging pollutants, a plan that will likely force farmers to cut their livestock herds or stop work altogether. The government says emissions of nitrogen oxide and ammonia, which livestock produce, must be drastically reduced close…
MADRID (AP) — Turkey agreed Tuesday to lift its opposition to Sweden and Finland joining NATO, ending an impasse that had clouded a leaders’ summit opening in Madrid amid Europe’s worst security crisis in decades, triggered by the war in Ukraine. After urgent top-level talks with leaders of the three countries, alliance Secretary General Jens…
By Shreyashi Sanyal (Reuters) – Travel and leisure shares propped up U.S. stock index futures after China relaxed some COVID-19 quarantine requirements for international travelers, raising hopes of a revival in global growth. Airlines, cruises, casinos and hotels were among the gainers in premarket trading after China’s slashing of the quarantine time for inbound travelers…
BERLIN (AP) — Members of the Group of Seven major economies pledged Tuesday to create a new ” climate club ” for nations that want to take more ambitious action to tackle global warming, putting them on a possible collision course with China. The idea, championed by G-7 summit host German Chancellor Olaf Scholz, will…
MOSCOW (Reuters) – A Moscow court said it had fined video streaming service Twitch, social network Pinterest, holiday rental company Airbnb and United Parcel Service (UPS) on Tuesday for refusing to store Russian citizens’ personal data in Russia. Moscow has clashed with Big Tech over content, censorship, data and local representation in a simmering dispute…
SINTRA, Portugal (AP) — The head of the European Central Bank said Tuesday that it will move gradually to combat soaring consumer prices with interest rate hikes in July and September but will keep its options open to “stamp out” inflation if it surges faster than expected. In a speech opening an ECB forum on…
