Mexico accepts U.S. trade request to review labor rights at Goodyear plant

MEXICO CITY (Reuters) – Mexico has accepted a request from the United States to review an alleged denial of collective labor rights at U.S. tiremaker Goodyear’s plant in the central state of San Luis Potosi, the country’s economy and labor ministries said Thursday. An independent union had petitioned the U.S. government to open a case…

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FTC chair Khan accused of ‘abuse of power’ in new US House probe

WASHINGTON (Reuters) -The House Oversight Committee’s Chairman James Comer opened a probe Thursday into U.S. Federal Trade Commission Chair Lina Khan’s management of the agency, citing complaints of abuse of power. Khan has angered companies and trade groups like the Chamber of Commerce by pushing the FTC, which enforces antitrust law and laws against deceptive…

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SNB vice chairman: ready to tighten policy further, inflationary pressure broadening

ZURICH (Reuters) – The Swiss National Bank is ready to tighten its monetary policy to combat inflationary pressure, which it sees spreading to other across the Swiss economy, Vice Chairman Martin Schlegel said on Friday. The SNB also stood ready to intervene in the currency markets as necessary to ensure its price stability goal of…

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US bans new oil and gas leasing around New Mexico cultural site

(Reuters) – The Biden administration said on Friday it would stop issuing new oil and gas drilling leases within 10 miles of the Chaco Culture National Historic Park, a region central to Pueblo ancestral heritage in northwest New Mexico. Tribes, conservationists and state officials have long called on the federal government to ban drilling in…

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US food aid could shrink under debt ceiling deal, hunger groups warn

By Leah Douglas WASHINGTON (Reuters) – Changes to the largest U.S. food aid program in the debt deal passed by Congress this week could force hundreds of thousands of older Americans off of federal food aid and bury other applicants in new paperwork, food security experts warned. Eligibility requirements for the Supplemental Nutrition Assistance Program…

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Japan’s govt will vow to end deflation with bold monetary, flexible fiscal policy -draft

By Takaya Yamaguchi and Yoshifumi Takemoto TOKYO (Reuters) – Japan’s government will pledge to pull the economy out of deflation through bold monetary policy, flexible fiscal policy and a growth strategy, according to a draft outline of its long-term economic policy platform obtained by Reuters on Friday. “The government hopes the Bank of Japan achieves…

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US Congress averts historic default, approves debt-limit suspension

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…

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