STOCKHOLM (Reuters) – Ericsson said on Thursday that the U.S. securities regulator has opened an investigation concerning the matters described in the company’s 2019 Iraq investigation report. The Swedish telecom equipment maker said it was fully cooperating with the United States Securities and Exchange Commission (SEC) and it was too early to determine or predict…
ROME (AP) — Food import bills will reach a record high this year and food markets are likely to tighten around the world, according to a glum new forecast by a U.N. food agency. The Food Outlook, issued twice a year by the Food and Agriculture Organization, also found that “many vulnerable countries are paying…
By Leah Douglas (Reuters) – POET LLC, the world’s largest ethanol producer, said it hopes to meet some of its climate goals early as a result of a new partnership it announced this week with a Midwest carbon capture and storage (CCS) pipeline. POET LLC’s decision to partner with Navigator CO2 Ventures is a major…
(Reuters) -U.S. household wealth declined for the first time in two years in the first quarter of 2022 as a drop in the stock market overwhelmed continued gains in home values, a Federal Reserve report on Thursday showed. Household net worth edged down to $149.3 trillion from a record $149.8 trillion at the end of…
BERLIN (AP) — An aviation industry group representing most major airlines criticized the European Union’s Parliament on Thursday for seeking to expand its emissions trading system to all flights departing the bloc. EU lawmakers voted Wednesday that existing requirements for airlines to buy credits for the greenhouse gas emissions that their flights produce should be…
By Marwa Rashad LONDON (Reuters – An at least three-week shutdown at Freeport LNG, operator of one of the largest U.S. export plants producing liquefied natural gas (LNG), is expected to delay cargoes to Europe, further stressing the continent’s drive to phase out Russian gas. The outage at the plant, which provides around 20% of…
SAN FRANCISCO (AP) — The test couldn’t have been much easier — and Facebook still failed. Facebook and its parent company Meta flopped once again in a test of how well they could detect obviously violent hate speech in advertisements submitted to the platform by the nonprofit groups Global Witness and Foxglove. The hateful messages…
By Devik Jain and Mehnaz Yasmin (Reuters) – Wall Street’s main indexes fell in choppy trading on Thursday, as growth and bank stocks slipped amid weaker risk appetite ahead of a closely watched inflation report this week. Nine of the 11 major S&P sectors traded lower, with energy, financials and materials down 1% each. Consumer…
By Diane Bartz WASHINGTON (Reuters) – A U.S. judge said on Thursday that the U.S. Justice Department’s antitrust lawsuit against American Airlines Group Inc and JetBlue Airways Corp would go forward. A trial in the case has been set for Sept. 26. In its lawsuit filed in September in Boston, the government asked Judge Leo…
By Andrea Shalal and Jorgelina do Rosario WASHINGTON (Reuters) -The International Monetary Fund expects to further cut its forecast for global economic growth in 2022 next month, an IMF spokesperson said on Thursday, following moves by the World Bank and Organization for Economic Co-operation and Development (OECD) to cut their own forecasts this week. That…
