WASHINGTON (AP) — The number of Americans filing for jobless benefits rose slightly last week with the Federal Reserve pushing hard to cool the economy and tamp down inflation. Applications for unemployment benefits for the week ending Sept. 17 rose by 5,000 to 213,000, the Labor Department reported Thursday. Last week’s number was revised down…
By Valentina Za MILAN (Reuters) -UniCredit will significantly improve its guidance for the current year when it presents third quarter results after hitting distribution goals on 2021, the Italian bank’s CEO said, expressing confidence also on next year. The upbeat comments delivered by Chief Executive Andrea Orcel at the Bank of America Merrill Lynch conference…
SAINT-NAZAIRE, France (AP) — French President Emmanuel Macron on Thursday called for a “massive acceleration” of renewable energy development in his country, including offshore wind farms and solar power, via a new plan that seeks to bring lagging France closer to the energy policies of its European neighbors. The move comes amid a major energy…
LONDON (AP) — The U.K. government confirmed Thursday that it’s lifting a ban on fracking in England, arguing that the move will help boost the country’s energy security amid Russia’s war in Ukraine. Prime Minister Liz Truss announced within days of taking office earlier this month that she would reverse a 2019 ban on hydraulic…
NEW YORK (AP) — Walmart and Target plan to begin offering deals and price matching offers earlier this year to keep up with Americans pressed by soaring inflation and looking for ways to ease the potential sting of holiday shopping. For two years now, shoppers have started preparing for the holidays early but last year…
(Reuters) -IT services firm Accenture Plc forecast first-quarter revenue below expectations on Thursday, weighed down by IT spending cuts amid high inflation and a stronger dollar. Foreign exchange headwinds have intensified since Accenture’s third-quarter results, with the U.S. dollar at a two-decade high against a basket of currencies and up about 16% so far this…
By Aditya Kalra BENGALURU (Reuters) -The head of WhatsApp’s India payment business, Manesh Mahatme, has quit after more than a year with the Meta Platforms-owned company to join Amazon India, a source told Reuters on Thursday. Mahatme’s exit comes at a critical time for Whatsapp, which is seeking to ramp up its payments service in…
TOKYO (AP) — Japan’s central bank took the unusual step Thursday of intervening in the market to stem the yen’s decline against the U.S. dollar. Earlier in the day, the dollar rose to nearly 146 yen — a 24-year low — after the Bank of Japan left its key lending rate unchanged following the U.S….
BRUSSELS (AP) — The European Union appears determined to respond to new Russian attempts to annex parts of Ukraine with more sanctions, but finding a consensus among member countries is becoming increasingly difficult as measures meant to punish Moscow bite into their own economies. The 27-nation bloc has imposed six rounds of sanctions on Russia…
LONDON/TOKYO(Reuters) -Japan intervened in the foreign exchange market on Thursday for the first time since 1998 to shore up the battered yen, in the wake of the central bank’s decision to maintain ultra-low interest rates that have hammered the currency. [nL1N30S30X] “We have taken decisive action (in the exchange market),” vice finance minister for international…
