Germany to keep more coal plants on hand in case of gas cuts
BERLIN (AP) — The German government wants to temporarily keep additional coal-fired power plants on stand-by for almost two years…
Headlines
Credit Suisse Shares Spike On Reported State Street Takeover Interest
By Danilo Masoni MILAN (Reuters) -Shares in Credit Suisse turned sharply higher in afternoon trade on Wednesday with traders citing…
Worry about stagflation, a flashback to ’70s, begins to grow
WASHINGTON (AP) — Stagflation. It was the dreaded “S word” of the 1970s. For Americans of a certain age, it…
Campbell Soup Sales Outlook Brightens On Higher Prices, Improved Supply
By Deborah Mary Sophia (Reuters) -Campbell Soup Co joined Kellogg Co and Kraft Heinz Co in raising its annual sales…
Hedge Fund Group Complains To LME About Cancelled Nickel Trades
LONDON (Reuters) – A hedge fund association has complained to the London Metal Exchange (LME) about the suspension of the…
Polish leader faces questions about timing of bond purchase
WARSAW, Poland (AP) — Poland’s prime minister faced questions Wednesday over his purchase of 4.6 million zlotys (over $1 million)…
StanChart CEO Sees Shallow And Short Recession By Early 2023
By Divya Chowdhury MUMBAI (Reuters) – Standard Chartered Chief Executive Bill Winters expects central banks’ fight against surging inflation, driven…
Microsoft Scales Down Russia Operations Due To Ukraine Crisis
(Reuters) – Microsoft Corp said on Wednesday it was making substantial cuts to its business in Russia, joining a string…
Spotify Looks To Stoke Wall Street Enthusiasm Amid Cooling Economy
By Dawn Chmielewski and Supantha Mukherjee (Reuters) – The audio streaming service Spotify Technology SA will host its first investor…
OECD slashes global economic outlook on Russia-Ukraine war
LONDON (AP) — Russia’s war in Ukraine and the energy and food crises it worsened will severely drag down global…