By David Lawder and Andrea Shalal WASHINGTON (Reuters) -International Monetary Fund Managing Director Kristalina Georgieva said on Thursday that the global economy has proven remarkably resilient to multiple shocks, but has yet to overcome a combination of weak growth and sticky inflation. The IMF’s projection of 2.8% global growth for 2023 “is not enough to…
AMSTERDAM (Reuters) -The Dutch government on Thursday said it would support oil and gas company Shell in its efforts to reduce its CO2 and nitrogen emissions in the Netherlands in the coming years. The government said it would look at building infrastructure and accelerating permitting procedures needed for projects that would help Shell, one of…
WASHINGTON (Reuters) – The Biden administration is unveiling on Thursday nearly $300 million in funding from its signature infrastructure law for nine bridge projects across the country, officials said. The infrastructure law, which the U.S. Congress passed with support from Democrats and Republicans, is one of President Joe Biden’s key legislative accomplishments and one his…
WASHINGTON (Reuters) -The Biden administration is seeking to allow immigrants illegally brought to the United States as children greater access to health insurance through federal programs, the White House said on Thursday. The proposal would allow participants in the Deferred Action for Childhood Arrivals program, or DACA, to access to health insurance under Medicaid and…
By Steve Holland DUBLIN (Reuters) -President Joe Biden said on Thursday that investigators were closing in on the source of the leak of highly classified U.S. intelligence documents, in what is believed to be the most serious security breach in a decade. The Department of Justice opened a formal criminal probe last week after the…
By David Milliken and William Schomberg LONDON (Reuters) -Bank of England Chief Economist Huw Pill said on Thursday that the latest data on the economy, including a stagnation of gross domestic product in February, is “somewhat disappointing” even if it remains better than forecast by the BoE late last year. Pill, speaking at an online…
By Ashitha Shivaprasad (Reuters) -A U.S. weather forecaster on Thursday predicted a 62% chance of the El Niño phenomenon developing in the Northern Hemisphere during May-July, and a strong chance toward end-year, likely compounding risks to crops across the globe. “The coastal warming in the eastern Pacific may foreshadow changes across the Pacific basin. Therefore,…
By Luis Jaime Acosta BOGOTA (Reuters) – More than 17,600 people are members of the four major armed groups and 23 gangs with which the Colombian government hopes to reach peace or surrender deals, two security agency reports seen by Reuters show. The newly updated figures, which have not been reported before, are an effort…
By Kiyoshi Takenaka and Ankur Banerjee TOKYO (Reuters) -Japanese technology investor SoftBank Group Corp has moved to sell almost all of its remaining shares in Alibaba Group Holding Ltd, the Financial Times reported, sending the Chinese e-commerce giant’s Hong Kong-listed shares lower. The sale would come as valuations of China’s big tech firms have started…
By Jarrett Renshaw and Andrea Shalal WASHINGTON (Reuters) -When OPEC+ made a surprise decision earlier this month to cut oil production, President Joe Biden responded with the political equivalent of a shrug – a far cry from his declaration that there would be “consequences” for Saudi Arabia, the de facto head of the oil cartel,…
