BERLIN (AP) — Germany’s independent vaccination advisory panel is recommending a booster shot with a messenger RNA vaccine for people who have had a full course of four Chinese, Indian and Russian COVID-19 vaccines that aren’t currently approved for use in the European Union. In a draft recommendation Thursday, the panel, known by its German…
By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer spending barely rose in February as an increase in spending on services was offset by declining purchases of motor vehicles and other goods, while price pressures mounted, with annual inflation surging by the most since the early 1980s. But the report from the Commerce Department on Thursday showed…
(Reuters) – The Dow and S&P 500 opened lower on Thursday as investors focused on the raging conflict in Ukraine and the outlook for U.S. interest rate hikes, with the main indexes set for their worst quarter since the pandemic crash in 2020. The Dow Jones Industrial Average fell 27.29 points, or 0.08%, at the…
BERLIN (AP) — Russian President Vladimir Putin insisted Thursday that the country’s natural gas must be paid for with rubles, a demand apparently intended to help bolster the Russian currency but one that European leaders say they will not comply with because it violates the terms of contracts and sanctions. Putin said Russia will start…
LONDON (Reuters) – S&P Global sees losses in the speciality insurance market of $16-35 billion from the Russia-Ukraine conflict, the ratings agency said on Thursday. This includes possible aviation insurance losses totalling $6-15 billion, S&P said in a report. Other speciality lines likely to be affected by the conflict include cyber, political risk and marine…
By Philip Blenkinsop BRUSSELS (Reuters) – Raising the drawbridge has been a response to war and pestilence throughout human history, and the tumultuous winter of 2022 has similarly led trading nations to turn inward – though talk that the era of globalisation may be winding down seems premature. The damage to international commerce stemming from…
WASHINGTON (AP) — More Americans applied for unemployment benefits last week, but layoffs remain at historic lows. Jobless claims rose by 14,000 to 202,000 for the week ending March 26, the Labor Department reported Thursday. The previous week’s tally of 188,000 claims was the fewest since 1969. First-time applications for jobless aid generally track the…
WASHINGTON (AP) — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.4% in February compared with a year ago, with sharply higher prices for food, gasoline and other necessities squeezing Americans’ finances. The figure reported Thursday by the Commerce Department was the largest year-over-year rise since January 1982. Excluding volatile prices…
(Reuters) – U.S. stock futures were subdued on Thursday as investors focused on the raging conflict in Ukraine and the outlook for U.S. interest rate hikes, with the main indexes on course for their worst quarterly performance since the pandemic crash in 2020. Much of the optimism seen earlier this week around the peace talks…
A surge in demand for COVID-19 tests and vaccines helped Walgreens deliver a better second quarter than Wall Street expected. But that boost from the ongoing pandemic isn’t expected to last, and the drugstore chain stuck to a 2022 outlook issued earlier. Company leaders also told analysts that Walgreens’ big shift into delivering more care…
