European shares slip on US debt ceiling concerns
By Sruthi Shankar and Ankika Biswas (Reuters) -European shares slipped on Wednesday as concerns about whether the United States can…
Economy
House Speaker McCarthy says U.S. debt ceiling deal by Sunday is “doable”
WASHINGTON (Reuters) – House Speaker Kevin McCarthy said on Wednesday that a deal to raise the U.S. debt ceiling limit…
Russian economy shrank 1.9% in first quarter – stats service
(Reuters) – Russia’s economy shrank 1.9% year-on-year in the first quarter of 2023, data from the Rosstat federal statistics service…
BP unit to pay record $40 million to settle U.S. air pollution civil charges
By Sarah N. Lynch and Laura Sanicola WASHINGTON (Reuters) – A subsidiary of BP plc will pay a record-setting $40…
Brazil’s ministers see room for rate cuts as central bank keeps cautious stance
BRASILIA (Reuters) – Brazil’s economic ministers on Wednesday highlighted the potential for monetary easing to kick off, while the central…
Subsidy cuts could derail Thyssenkrupp green steel project -labour bosses
By Tom Käckenhoff and Christoph Steitz DUESSELDORF/FRANKFURT (Reuters) -Thyssenkrupp’s labour bosses cranked up the pressure on Berlin to help fund…
Global debt on the rise, EM crosses $100 trillion mark – IIF
By Rodrigo Campos NEW YORK (Reuters) – A measure of debt across the globe rose in the first quarter to…
Italy posts largest trade surplus in almost two years as imports drop
(Reuters) -Italy posted a trade surplus with the rest of the world of 7.5 billion euros ($8.3 billion) in March,…
Brazil retail sales smash market forecasts in March
SAO PAULO (Reuters) – Brazil’s retail sales smashed market estimates in March, growing more than the highest forecast in a…
Stellantis tells UK to change Brexit deal or see car plants close
By Kate Holton and Nick Carey LONDON (Reuters) – British car plants will close with the loss of thousands of…