Euro rescue fund to get new chief as its old glory fades
BRUSSELS (AP) — A contest to lead Europe’s financial rescue fund is drawing to a close with the spotlight on…
June 2022
Russian economy ‘won’t be as it was,’ central banker says
ST. PETERSBURG, Russia (AP) — The head of the Russian Central Bank warned Thursday that the country’s economy faces pressure…
Fed’s aggressive rate hikes raise likelihood of a recession
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging…
Facebook Owner Meta Makes Antitrust Commitments Over Online Advertising
By Mathieu Rosemain PARIS (Reuters) – France’s anti-trust watchdog body said on Thursday that it had approved commitments made by…
Ferrari Promises ‘even More Unique’ Cars In Shift To Electric
By Giulio Piovaccari and Nick Carey MARANELLO, Italy (Reuters) – Electric and hybrid models should make up 80% of Ferrari’s…
Bank of England hikes interest rates but resists bolder move
LONDON (AP) — The Bank of England raised interest rates by a quarter-percentage point Thursday, shrugging off pressure for a…
Shares Fall As Surprise Swiss Rate Hike Adds To Policy Angst
By Danilo Masoni and Andrew Galbraith MILAN/SHANGHAI (Reuters) – World stocks fell on Thursday and the dollar regained its footing…
Russian sanctions hurting small Italian fashion producers
BRESCIA, Italy (AP) — Fine Italian knitwear packed in boxes addressed to retailers in Moscow, St. Petersburg and Kursk sit…
EU May Fall Behind Digital Decade Goals, Report Warns
By Supantha Mukherjee STOCKHOLM (Reuters) – The European Union risks falling behind its Digital Decade goals by 10 years unless…
Tesla Hikes U.S. Prices Across Car Models
(Reuters) – Tesla Inc raised prices for all its car models in the United States, its latest price hike amid…