By Ann Saphir SAN FRANCISCO (Reuters) -Pandemic-related snarls in global supply chains have mostly receded, but their after-effects still account for a big chunk of excess U.S. inflation, an analysis published Tuesday by the San Francisco Federal Reserve Bank showed. Supply shortages from supply chain disruptions drove most of the upswing in inflation since April…
PARIS (Reuters) – The French economy is on course to avoid a recession this year while inflation pressures ease though growth and will only gradually pick up in the coming two years, the central bank forecast on Wednesday. In its quarterly outlook, the Bank of France said the euro zone’s second-biggest economy would grow 0.1%…
By David Thomas (Reuters) – Bryan Cave Leighton Paisner on Tuesday said it has picked up a 15-lawyer team from Dentons, including the founder and leader of its global intellectual property and technology group, Song Jung. Jung will be global chair of BCLP’s patent practice. He will work from the firm’s Washington, D.C., office with…
By David Ljunggren OTTAWA (Reuters) – Canada’s national statistics agency on Tuesday revealed new weights for the basket of goods and services in its Consumer Price Index, giving more prominence to changes in the prices of food and gasoline. The reweighting, which Statistics Canada carries out every year, has historically had only a marginal impact…
By David Ljunggren OTTAWA (Reuters) – Canada’s national statistics agency on Tuesday revealed new weights for the basket of goods and services in its Consumer Price Index, giving more prominence to changes in the prices of food and gasoline. The reweighting, which Statistics Canada carries out every year, has historically had only a marginal impact…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Vice Chair for Supervision Michael Barr on Tuesday said the U.S. central bank is at the beginning of exploring how it can move more swiftly when its bank regulators spot issues at banks outside of crisis periods. “We’re not an institution that moves quickly on…
By Steve Scherer OTTAWA (Reuters) -Canada’s ruling Liberal Party won two of four seats up for grabs in by-elections to fill empty spots in the House of Commons, and performed better in a riding won by rival Conservatives than in 2021, preliminary results showed on Tuesday. Liberal Prime Minister Justin Trudeau won resounding victories for…
By Tom Perry, Maya Gebeily and Laila Bassam BEIRUT (Reuters) -Carlos Ghosn said on Tuesday he will fight “to the end” in a $1 billion lawsuit the former Nissan chairman has brought against the Japanese carmaker, marking his first such challenge. Ghosn’s lawsuit, which he filed in Lebanon and a copy of which was seen…
BOGOTA (Reuters) – Grupo Argos, Colombia’s largest industrial conglomerate, on Tuesday said it will focus “seriously” on finding a strategic partner once it concludes an exchange of shares in the country’s largest producer of processed foods, Grupo Nutresa. Last week Grupo Argos reached a deal with businesses forming part of Grupo Gilinski, a conglomerate owned…
By Julien Pretot PARIS (Reuters) -The headquarters of the Paris 2024 Olympics organising committee and those of its infrastructure partner were searched by police on Tuesday as part of investigations into alleged embezzlement of public funds and favouritism, prosecutors said. The national financial prosecutor’s office (PNF) said the Paris 2024 headquarters were raided amid a…
