By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italy is reassessing how it plans to deal with billions of euros’ worth of loans it guaranteed during the pandemic and energy crises in the event borrowers run into trouble, three people familiar with the matter said. The sources said Prime Minister Giorgia Meloni’s administration has…
By Darya Korsunskaya and Alexander Marrow MOSCOW (Reuters) – Faced with a $42 billion budget hole so far this year, Russian officials on Thursday acknowledged the need for more efficient budget spending but clashed over the prudence of further increases in the tax burden. With soaring military spending and sanctions squeezing Russia’s energy revenues, Moscow…
(Reuters) – Haiti has made “significant progress” on governance issues such as transparency, the International Monetary Fund (IMF) said on Thursday, as its management wrapped up a final review of an informal agreement to monitor its economic program. In a second and final review of its Staff-Monitored Program (SMP), approved in June last year, the…
By Lisa Baertlein and Kanjyik Ghosh (Reuters) -The Longshore union and employers of 22,000 dockworkers at U.S. West Coast ports on Wednesday said they have reached a tentative deal on a new six-year contract, ending 13 months of talks and easing supply chain worries. The deal was reached with assistance from Acting U.S. Labor Secretary…
PARIS (Reuters) – The French economy will grow 0.1% in the second quarter of the year, the INSEE statistics agency said, revising down an earlier forecast of 0.2% due to weak household spending and investment. Further out, the euro zone’s second biggest economy is projected to expand by 0.1% in the third quarter and 0.2%…
(Reuters) – Unilever said on Wednesday it is set to acquire frozen yogurt brand Yasso Holdings in North America, adding to its roster of premium ice-cream brands like Ben & Jerry’s, Magnum, and Talenti. The consumer goods giant said its acquisition of Boulder, Colorado-based Yasso falls in line with its strategy to upscale the ice…
By Chris Taylor NEW YORK (Reuters) -No matter how successful you may be – even as a founder, president, or CEO – none of us start out that way. We absorb life lessons from the people around us, very often our parents. In honor of Father’s Day, Reuters asked a few C-Suite leaders about a…
WASHINGTON (Reuters) – U.S. business inventories rebounded in April, boosted by stocks at manufacturers, suggesting that inventories could contribute to economic growth in the second quarter. Business inventories increased 0.2% after dropping 0.2% in March, the Commerce Department said on Thursday. The rebound in inventories, a key component of gross domestic product, was in line…
DUBAI (Reuters) – The Saudi Central Bank, known as SAMA, may need to inject liquidity into the banking sector like it did last year as interbank rates sit at their highest since 2001, London-based Capital Economics said on Thursday. SAMA did not immediately respond to a request for comment. “A saving grace in the rise…
WASHINGTON (Reuters) – Production at U.S. factories almost stalled in May as manufacturing struggled under the weight of higher interest rates, data showed on Thursday. Manufacturing output edged up 0.1% last month, the Federal Reserve said. Data for April was revised slightly lower show production at factories surging 0.9% instead of 1.0% as previously reported….
