WASHINGTON (AP) — The U.S. economy grew faster than expected in the July-September quarter, the government reported Thursday, underscoring that the United States is not in a recession despite distressingly high inflation and interest rate hikes by the Federal Reserve. But the economy is hardly in the clear, and the solid growth reported for the…
By Nelson Bocanegra BOGOTA (Reuters) – Inflation in Colombia will have risen once again in September, sending full-year expectations for 2022 and 2023 upward and pressuring the central bank to extend rate rises beyond previous predictions, analysts said in a Thursday survey. The sixteen analysts consulted gave a median estimate of 0.74% for September price…
NEW YORK (Reuters) – U.S. prosecutors on Thursday unveiled criminal sanctions violations charges against Oleg Deripaska, a Russian billionaire who was among two dozen allies of President Vladimir Putin blacklisted by Washington over Moscow’s alleged meddling in the 2016 U.S. elections. The indictment filed in Manhattan federal court accused Deripaska of sanctions violations for retaining…
By Andrea Shalal WASHINGTON (Reuters) – The Biden administration will not nominate a candidate from the United States to head the Inter-American Development Bank (IDB) after this week’s ouster of Mauricio Claver-Carone after an ethics scandal, a Treasury spokesperson told Reuters. Claver-Carone, the first U.S. president in the 62-year history of the bank, was nominated…
ATHENS, Greece (AP) — Google announced plans Thursday to expand its cloud services infrastructure to Greece, promising to create nearly 20,000 jobs through direct investment and partnerships by the end of the decade. The move follows plans by Microsoft, announced two years ago, to invest $1 billion to create data centers near Athens, as well…
WASHINGTON (AP) — Average long-term U.S. mortgage rates rose this week for the sixth straight week, marking new highs not seen in 15 years, before a crash in the housing market triggered the Great Recession. Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate climbed to 6.70% from 6.29% last…
BRASILIA (Reuters) – Brazil created more formal jobs than expected in August, official data showed on Thursday, continuing a sequence of positive data that has been fueling the economy. According to Labor Ministry figures, the net gain reached 278,639 formal jobs in August, above the expected 268,700 in a Reuters poll with economists. All months…
FELDHEIM, Germany (AP) — Europeans are opening their energy bills with trepidation these days, bracing for hefty price hikes as utility companies pass on the surging cost of natural gas, oil and electricity tied to Russia’s war in Ukraine. Many are trying to conserve by turning down the heat and shutting off lights this winter….
(Reuters) – Peloton Interactive Inc said on Thursday it will start selling its treadmills, exercise bikes and other fitness accessories in Dick’s Sporting Goods Inc stores as it looks to expand its customer base to lift sagging sales. The partnership will makes Dick’s Sporting Goods the first brick-and-mortar retailer outside Peloton’s own sales channels to…
COPENHAGEN, Denmark (AP) — The NATO military alliance warned Thursday it would retaliate for any attacks on the critical infrastructure of its 30 member countries and joined other Western officials in citing sabotage as the likely cause of damage to two natural gas pipelines in the Baltic Sea. The warning came as the Swedish coast…
