By David Shepardson WASHINGTON (Reuters) – The United States Postal Service (USPS) is hiking the price of first-class mail stamps to 66 cents from 63 cents effective Sunday. This is the latest in a series of price increases to help offset inflationary pressures and declining first-class mail volumes. USPS in January boosted stamp prices to…
By Daniel Wiessner (Reuters) -Employers cannot be held liable when workers contract COVID-19 on the job and spread it to their household members, California’s top court has ruled, siding with business groups that warned of a potential flood of litigation. The seven-member California Supreme Court on Thursday ruled unanimously that allowing so-called “take-home COVID” claims…
By Marc Jones LONDON (Reuters) – The central bankers’ central bank, the Bank for International Settlements (BIS), has laid out a seven-point plan designed to help countries prevent cyber hacks on the new wave of digital national currencies under development. Around 130 countries are now exploring central bank digital currencies (CBDC) to keep up with…
By Maria Carolina Marcello and Gabriel Araujo BRASILIA (Reuters) -Brazil’s lower house of Congress approved on Friday the main text of a tax reform that will restructure the country’s complex consumption taxes, a move President Luiz Inacio Lula da Silva touted as a “great victory”. Such a reform – previously attempted by various administrations without…
PARIS (Reuters) – Two years after the world’s largest jetliner rolled out of its Toulouse factory for the last time, Airbus is preparing to bring some A380 superjumbos back to their birthplace for wing inspections even as it re-dedicates the plant to smaller jets. A380 production stopped in 2021 and part of the giant Jean-Luc…
(Reuters) – A clearer outlook on the United States’ monetary policy cycle, economic policy adjustments and fewer energy price shocks make for more stable credit conditions for sovereigns across Europe, the Middle East and Africa, S&P Global said in a report. Conditions are however stabilizing at lower levels, weighed down by the aftermath of the…
By Abhijith Ganapavaram (Reuters) -U.S. private equity firm 777 Partners has said it is in talks with Boeing Co and Franco-Italian turboprop maker ATR over a new jet order, as it looks to enter more markets amid a boom in air travel. “We’ve been in discussions with the (aircraft) manufacturers. I think right now the…
By Howard Schneider WASHINGTON (Reuters) -The U.S. added fewer jobs than anticipated in June but still-strong wage growth and a slight drop in the unemployment rate will likely keep the Federal Reserve on track to raise interest rates at the upcoming July meeting. The 209,000 payroll jobs added in June continued a steady climb down…
By Gibran Naiyyar Peshimam KARACHI, Pakistan (Reuters) -Pakistan’s main opposition leader and former prime minister Imran Khan expressed support for a recently-reached bailout deal with the International Monetary Fund (IMF) after a meeting with officials of the lender on Friday, his party said. The IMF said it was, in the lead up to national elections…
By Shreyashi Sanyal (Reuters) -European shares eked out gains on Friday as data pointing to slowing U.S. job growth eased concerns about interest rate hikes by the Federal Reserve but did little to change the main STOXX 600 index’s worst weekly showing in almost four months. The STOXX 600 rose 0.1% by 1615 GMT, turning…
