Bank of England to take Bank Rate to 5.00% next quarter as inflation proves sticky: Reuters poll
By Jonathan Cable LONDON (Reuters) – The Bank of England will be far more aggressive in policy tightening than previously…
Business
Analysis-Mexico’s gasoline independence dream sinks in dirty fuel oil glut
By Ana Isabel Martinez MEXICO CITY (Reuters) – Mexico’s president took office in late 2018 pledging to boost local output…
Russian labour shortage laid bare as unemployment drops to record low
By Alexander Marrow and Darya Korsunskaya (Reuters) – Russia’s unemployment rate dropped to a record low 3.3% in April, data…
Commerzbank shareholders pave way for Jens Weidmann as chairman
FRANKFURT (Reuters) -Commerzbank shareholders on Wednesday cleared the way for the economist Jens Weidmann to take over as chairman of…
EU tech chief sees draft voluntary AI code within weeks
By Philip Blenkinsop LULEA, Sweden (Reuters) – EU tech chief Margrethe Vestager said on Wednesday she believed a draft code…
Cost of insuring vs US default increases before vote on debt ceiling bill
NEW YORK (Reuters) – The cost of insuring exposure to a U.S. debt default rose on Wednesday, with investors focused…
Factbox-U.S. states where recreational marijuana is legal
(Reuters) – Minnesota became the latest U.S. state to legalize marijuana for recreational use on Tuesday after its governor, Tim…
Toyota pledges $2.1 billion more for EV battery plant in North Carolina
(Reuters) – Toyota Motor Corp said on Wednesday it will invest $2.1 billion more in its new U.S. battery plant…
Mexico’s Femsa to sell stake in Jetro for $1.4 billion
MEXICO CITY (Reuters) -Mexican retail and bottling giant Femsa said Wednesday it had reached a “definitive” agreement to sell its…
ESSA Bank & Trust settles US discrimination allegations -Justice Dept
WASHINGTON (Reuters) – ESSA Bank & Trust has agreed to pay over $3 million to resolve allegations it engaged in…