Hints of cooling prices, but Fed vows firm inflation stance
WASHINGTON (AP) — Inflation eased last month as energy prices tumbled, raising hopes that the surging costs of everything from…
August 26, 2022
From Fashion To Films – Ex-Zara Boss Isla Starts Production Company
MADRID (Reuters) – Former chief executive of textile giant Inditex, Pablo Isla, has started his own film production company, saying…
Germany: Baltic Sea has ‘enormous’ wind energy potential
COPENHAGEN, Denmark (AP) — Germany’s foreign minister said Friday that estimates show the Baltic Sea can produce wind power that…
Powell: Fed could keep lifting rates sharply ‘for some time’
JACKSON HOLE, Wyoming (AP) — Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed will likely impose…
Chinese Chip Foundry SMIC To Invest $7.5 Billion In Tianjin
SHANGHAI (Reuters) – Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) on Friday said it signed a framework agreement for…
FedEx Missteps Fuel Contractor’s Crusade As Pandemic Delivery Boom Fades
By Lisa Baertlein LAS VEGAS (Reuters) – Package carrier FedEx Corp is facing a threat from an unusual source –…
India’s Digital Lending Rules Spark Disruption, Firms Plan Pushback
By Nupur Anand and Aditya Kalra MUMBAI (Reuters) – India’s stricter digital lending rules have disrupted card services of foreign-backed…
Dow drops 1,000 after Fed’s Powell says rates will stay high
NEW YORK (AP) — The Dow Jones Industrial Average sank more than 1,000 points Friday after the head of the…
Panasonic Plans Additional $4 Billion EV Battery Plant In U.S. – WSJ
(Reuters) – Panasonic Holdings Corp, a supplier to electric-car maker Tesla Inc, is in talks to build an additional electric…
Britain to see 80% spike in energy bills as crisis deepens
LONDON (AP) — Jennifer Jones keeps feeding money into her energy meter, but it never seems to be enough. And…