LIMA (Reuters) – Peru’s central bank increased its benchmark interest rate 25 basis points to 7.5% on Wednesday, the 17th consecutive hike as monetary policymakers in the copper-producing Andean nation battle stubbornly high inflation. The bank has raised the rate periodically since August 2021 to combat rising inflation that hit 8.45% in November on an…
NEW YORK (AP) — More than 1,000 New York Times journalists and other staff walked off the job for 24 hours Thursday, frustrated by contract negotiations that have dragged on for months in the newspaper’s biggest labor dispute in more than 40 years. Hundreds of reporters, editors, photographers and other employees picketed outside the newspaper’s…
BOSTON (AP) — As part of an ongoing privacy push, Apple said Wednesday it will now offer full end-to-encryption for nearly all the data its users store in its global cloud-based storage system. That will make it more difficult for hackers, spies and law enforcement agencies to access sensitive user information. The world’s most valuable…
By David Shepardson WASHINGTON (Reuters) – Two senior Republican lawmakers on Wednesday were highly critical of the decision by the U.S. Energy Department to award $200 million to Microvast Holdings over the lithium battery company’s ties to the Chinese government. In October, Texas-based Microvast won a $20 million U.S. grant from the department to help…
By Rajesh Kumar Singh and Priyamvada C CHICAGO (Reuters) -Southwest Airlines Co on Wednesday became the first major U.S. airline to reinstate its quarterly dividend, more than two years after suspending it in the wake of the coronavirus pandemic. Chief Executive Officer Bob Jordan said the reinstatement reflects “the strong return in demand for air…
(Fixes typographical error) By Arriana McLymore RALEIGH, N.C. (Reuters) -Clothing retailers such as Express and Gap that stashed away mountains of unsold basics during the coronavirus pandemic now are slashing prices on clearance merchandise in a last-ditch effort to clear clothing racks. But the deep discounts they’re dangling on out-of-season clothing may not appeal to…
DALLAS (AP) — Southwest Airlines said Wednesday that it is bringing back dividends for shareholders, which it suspended when the pandemic devastated the airline business in early 2020. Dallas-based Southwest said in a regulatory filing that it will pay a quarterly dividend of 18 cents per share on Jan. 31. The move comes as air…
By Divya Rajagopal TORONTO (Reuters) – Canada’s biggest pension fund, CPP Investments, has ended its effort to study investment opportunities in the volatile crypto market, two people familiar with the matter told Reuters. The reasons behind CPPI’s abandonment of crypto research were not immediately clear. CPPI declined to comment but said it has made no…
ABUJA, Nigeria (AP) — Experts on Wednesday raised concerns over a new policy announced by the Central Bank of Nigeria that heavily limits withdrawals of money in a push for a cashless economy. The monetary policy, which applies to ATMs, banks and cash back from purchases, follows the launch of the West African nation’s newly…
LONDON (AP) — Britain’s Conservative government on Wednesday threatened “tough” action to curb strikes, as airport passport officers became the latest public sector workers to announce December walkouts. The Public and Commercial Services Union said its members at Gatwick, Heathrow, Manchester, Birmingham and Cardiff airports would strike for eight days between Dec. 23 and Dec….
