Labor costs aren’t driving up inflation: SF Fed paper
Rising U.S. labor costs are doing little to drive up inflation, researchers from the Federal Reserve Bank of San Francisco…
Economy
Insurers’ climate alliance loses nearly half its members after more quit
By Tommy Wilkes LONDON (Reuters) -Three more insurance companies including Tokio Marine have left a United Nations-backed net-zero climate alliance,…
State Farm stops new home insurance sales in California as wildfire risks grow
By Noor Zainab Hussain (Reuters) – State Farm said it would stop selling new insurance policies to homeowners in California,…
Climate battle looms as Smith wins Alberta election and targets Trudeau
By Steve Scherer and Nia Williams (Reuters) -Alberta’s election of conservative leader Danielle Smith puts her on a collision course…
France inaugurates first of four gigafactories in the north
BILLY-BERCLAU, France (Reuters) – France will inaugurate on Tuesday a battery-making gigafactory, the first of four such plants European and…
Explainer-Why are Nvidia’s shares soaring and what is its role in the AI boom?
(Reuters) – Nvidia Corp soared to a trillion-dollar market value on Tuesday as shares continued to surge after a bumper…
Republican Ralph Norman to vote against US debt ceiling bill in committee if not amended
WASHINGTON (Reuters) – Representative Ralph Norman, a hardline conservative Republican, said he will vote against the debt ceiling bill when…
Brazil’s new fiscal rules stricter than they look, finance ministry official says
BRASILIA (Reuters) – Brazil’s newly introduced fiscal framework is stricter than they appear and will require a discussion of important…
Explainer-How could a US debt ceiling default hit regular Americans?
By Jason Lange WASHINGTON (Reuters) – What could happen on Main Street if Washington’s political showdown over the debt ceiling…
Exclusive-UniCredit cuts Amundi funds’ share in assets under management – source
By Valentina Za MILAN (Reuters) – UniCredit has been trimming the proportion of Amundi funds in its total assets under…