BERLIN (Reuters) – The German government is planning to raise the amount of tax relief it will give to companies in a new draft law that could go to cabinet as early as Wednesday, according to a document seen by Reuters. Chancellor Olaf Scholz’s coalition has been preparing to roll out a series of measures…
By Safiyah Riddle (Reuters) – U.S. home builder confidence weakened in August for the first time this year, according to a report released Tuesday, as record-breaking mortgage rates and still-high housing prices discouraged prospective buyers. The National Association of Home Builders/Wells Fargo Housing Market Index retreated to 50 in August from a 13-month peak of…
MOSCOW (Reuters) -Russia’s central bank hiked its key interest rate by 350 basis points to 12% on Tuesday, an emergency move to try and halt the rouble’s recent slide after a public call from the Kremlin for tighter monetary policy. The extraordinary rate meeting came after the rouble plummeted past the 100 threshold against the…
(Reuters) – Christopher Clark, the senior lawyer representing Hunter Biden, is seeking to withdraw from the case involving the U.S. president’s son on the grounds he might be called to testify, according to a court filing on Tuesday. Biden, facing tax and gun charges, may be headed for a criminal trial, U.S. Special Counsel David…
By Deborah Mary Sophia (Reuters) -Home Depot on Tuesday posted better-than-expected quarterly results, cemented by Americans’ steady spending on small-scale projects around their homes even as they sharply cut back on larger remodeling and renovation. Shares of the company, which announced a new $15 billion share repurchase program, rose about 1%, with the second quarter…
(Reuters) -An aide to Donald Trump pleaded not guilty in federal court in Florida on Tuesday to charges he tried to helped the former U.S. president hide secret documents taken upon leaving office, U.S. media reported. Special Counsel Jack Smith’s team has accused the aide, Carlos De Oliveira, of conspiring with Trump and another aide,…
By Jonathan Stempel NEW YORK (Reuters) -A federal appeals court on Tuesday refused to revive longtime umpire Angel Hernandez’s lawsuit accusing Major League Baseball of racial discrimination. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals in Manhattan rejected the Cuban-born umpire’s arguments that the league’s promotion practices, including its failure to promote…
By Casey Hall SHANGHAI (Reuters) – Only a few months after beginning her career as a livestream sales host in January, Zhang Jinyu, 28, a former model and blogger with a master’s degree in fashion management, had clocked hundreds of hours of broadcasting time working with brands such as YSL Beauty. A day in the…
WASHINGTON (Reuters) – U.S. business inventories were unchanged for a second straight month in June as companies continued to carefully manage stocks in anticipation of weak demand because of higher interest rates. Economists polled by Reuters had expected the Commerce Department would report a 0.1% gain in business inventories on Tuesday. Inventories, a key component…
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) – Canada’s annual inflation rate surged more than expected to 3.3% in July as core measures eyed by the central bank remained stubbornly high, data showed on Tuesday, increasing the likelihood of another interest rate increase. Analysts polled by Reuters had forecast inflation would rise to 3.0%…
