By Cassandra Garrison MEXICO CITY (Reuters) -The U.S. is escalating its conflict with Mexico over agriculture biotech measures, including the stance on genetically modified (GM) corn, by requesting dispute settlement consultations, senior officials of the U.S. Trade Representative’s office said on Friday. The North American neighbors are inching closer to a full-blown trade dispute under…
By Pete Schroeder WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission announced Friday it had dismissed 42 pending enforcement cases after discovering enforcement staff had improper access to materials meant for commission officials ruling on those cases. The decision comes after the SEC concluded a lengthy review of a matter first raised in April…
(Reuters) – American Airlines Group’s pilot leaders have rejected efforts to join the Air Line Pilots Association (ALPA), union spokesman for the U.S. carrier’s aviators, Dennis Tajer, said on Friday. Support from the Allied Pilots Association (APA) board fell short of the two-thirds needed to start merger talks with fast-growing ALPA, the world’s largest pilots’…
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve officials, whose hike, skip or pause messaging on interest rates has become a high-stakes word puzzle for investors, seem ready to end the U.S. central bank’s run of 10 straight rate increases later this month while leaving the door open to a future rise in borrowing costs….
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve officials may still be fighting an inflation war, but they’ve opened the door to the possibility the U.S. central bank’s benchmark overnight interest rate won’t rise from the current 5.00%-5.25% range at the upcoming June 13-14 policy meeting. Here’s a guide to the data informing the debate…
(Reuters) – Boeing Co. CEO Dave Calhoun on Friday said progress on resolving supply chain problems has been “frustratingly slow” even as airlines’ demand for planes has bounced back to pre-pandemic levels. Boeing has seen progress in certain elements of its supply chain, such as engine forgings and castings, Calhoun said. But the ability for…
By Jonathan Cable LONDON (Reuters) – A crash in British home prices is unlikely but they will dip further this year than earlier thought as the cost of living crisis and rising borrowing costs take their toll on indebted buyers, a Reuters poll showed. As in much of the world, home prices soared during the…
FRANKFURT (Reuters) – Volkswagen will start selling battery-powered versions of its VW bus in North America from 2024 onwards, the carmaker said on Friday, in what marks the reintroduction of the iconic model after a two-decade hiatus. The introduction of the fully electric ID. Buzz will also include an extra-long version that can seat up…
By Richard Cowan and Gram Slattery WASHINGTON (Reuters) – The U.S. Senate on Thursday passed bipartisan legislation backed by President Joe Biden that lifts the government’s $31.4 trillion debt ceiling, averting what would have been a first-ever default. The Senate voted 63-36 to approve the bill that had been passed on Wednesday by the House…
By Tim Hepher, Joanna Plucinska and Aditi Shah ISTANBUL (Reuters) – Airlines will ride the crest of a faster-than-expected recovery and discuss ways of translating climate pledges into action at a summit buoyed by a return to business as usual next week. The influential International Air Transport Association (IATA) holds its annual meeting on June…
