(Reuters) -Italy posted a trade surplus with the rest of the world of 7.5 billion euros ($8.3 billion) in March, the largest in almost two years, as gas imports from Russia continued to decrease while exports of non-energy products rose, data showed. Trade data has a significant seasonal component and there has not been a…
SAO PAULO (Reuters) – Brazil’s retail sales smashed market estimates in March, growing more than the highest forecast in a Reuters poll of economists, in a positive reading for the country’s broader first-quarter economic performance despite high interest rates. Retail sales rose 0.8% in the month compared with February, data from statistics agency IBGE showed…
By Jacqueline Thomsen WASHINGTON (Reuters) – Tim Parlatore, an attorney who has represented Donald Trump in a pair of U.S. Justice Department investigations led by Special Counsel Jack Smith, said on Wednesday he has left the Republican former president’s legal team. Parlatore has represented Trump in Smith’s investigations into efforts by the former president and…
By Kate Holton and Nick Carey LONDON (Reuters) – British car plants will close with the loss of thousands of jobs unless the Brexit deal is swiftly renegotiated, Stellantis has warned, as Ford added its voice to the latest warning from the auto industry since Britain left the European Union. Stellantis, the world’s No. 3…
By Nick Carey LONDON (Reuters) -Ford on Wednesday called for post-Brexit EU trade requirements on rules of origin for electric vehicles (EVs) to delayed until 2027 from 2024, saying tariffs will add pointless costs for consumers and slow the transition to electric. “Ford is calling for current trade requirements to be extended to 2027, to…
BRASILIA (Reuters) – Brazil faces challenges in consolidating disinflation despite progress made so far, central bank chief Roberto Campos Neto said on Wednesday, again highlighting concerns with rising inflation expectations. During his online participation in the bank’s annual conference, Campos Neto pointed out that inflation had dropped from 12.1% in April 2022 to 4.2% in…
(Reuters) – A Ukrainian-born activist was jailed for seven years by a Russian court on Wednesday for “justifying terrorism”, according to a Telegram channel petitioning for his release.Mikhail Krieger, 63, was arrested last November over social media posts he wrote in 2020 in which he praised two men who staged attacks on buildings of Russia’s…
By Granth Vanaik (Reuters) – TJX Cos Inc lifted its annual profit forecast on Wednesday, banking on easing cost pressures to cushion a pullback in consumer spending on discretionary items. The T.J. Maxx parent also missed first-quarter revenue estimates and joined bigger retailer Target Corp in forecasting a downbeat second quarter as sticky inflation forces…
WASHINGTON (Reuters) -Democrats in the Republican-led House of Representatives on Wednesday plan to file a discharge petition – a way to bypass regular procedures in the chamber – as a means to raise the U.S. debt limit in case it becomes necessary, the top House Democrat said. House Democratic Leader Hakeem Jeffries said he is…
DUBAI (Reuters) – Arab League Secretary General Ahmed Aboul Gheit welcomed Syria back into the bloc on Wednesday, as Arab foreign ministers gathered for a preparatory meeting ahead of the full summit. Earlier this month, the Arab world’s top diplomats agreed to fully reinstate Syria’s membership after a 12-year suspension over the Syrian government’s crackdown…
