SANTIAGO (Reuters) -Latin America and the Caribbean received record flows of foreign direct investment (FDI) last year, a United Nations report showed on Monday, mostly into services, manufacturing and energy as spending recovered after the pandemic. The report by the U.N. Economic Commission for Latin America and the Caribbean (ECLAC) found that FDI, or income…
By Steve Holland and Gerhard Mey LONDON/WINDSOR, England (Reuters) -U.S. President Joe Biden made a whistle-stop trip to Britain on Monday, hailing the “rock-solid” friendship with Washington’s close ally before meeting King Charles for a discussion with the monarch and finance chiefs on tackling climate change. Biden’s visit to Britain kicked off a three-nation trip…
By Sarah N. Lynch WASHINGTON (Reuters) – The federal prosecutor overseeing the criminal case against U.S. President Joe Biden’s son Hunter on Monday said the Justice Department never impeded him from bringing charges, appearing to debunk claims made by an Internal Revenue Service whistleblower. Delaware U.S. Attorney David Weiss in a letter to Republican Senator…
By Mayank Bhardwaj and Sumit Khanna NEW DELHI (Reuters) – An Indian court rejected PepsiCo Inc’s appeal against an order that revoked a patent for a potato variety grown exclusively for the New York-based company’s popular Lay’s potato chips. The Protection of Plant Varieties and Farmers’ Rights (PPVFR) Authority in 2021 revoked intellectual protection granted…
By Rod Nickel and Victoria Klesty (Reuters) – Without a single sales contract in hand, Dutch fertilizer company OCI is building a $1 billion plant in Texas to produce ammonia with low greenhouse gas emissions, a gamble requiring heavy government subsidies, new markets and a contingency plan. OCI’s plant would be the world’s first new…
By Laura Sanicola (Reuters) -U.S. Senate Majority Leader Chuck Schumer on Sunday called on regulators to investigate a popular influencer-created energy drink with nearly twice the caffeine of a Red Bull, saying it was being marketed to children. Schumer said Prime, a beverage brand started last year by YouTube stars Logan Paul and KSI, should…
BRASILIA (Reuters) – President Luiz Inacio Lula da Silva’s government will not wait for Brazil’s Congress to finish voting on a tax reform related to consumption before submitting its proposal for an income tax reform, Finance Minister Fernando Haddad said on Monday. Haddad said in an interview with podcast “O Assunto” that the planned change…
(Reuters) – The Republican-led U.S. House of Representatives Oversight Committee on Monday asked Federal Reserve Chair Jerome Powell to hand over confidential documents related to the central bank’s supervision of failed Silicon Valley Bank. Committee chair James Comer, in a letter to Powell published on the panel’s website, also asked for documents related to Fed…
By Huseyin Hayatsever and Ece Toksabay ISTANBUL (Reuters) – Turkish President Tayyip Erdogan, in an unexpected move, said on Monday the European Union should open the way for Ankara’s accession to the bloc before Turkey’s parliament approves Sweden’s bid to join the NATO military alliance. Turkey’s bid to join the EU has been frozen for…
By John Irish and Andrius Sytas VILNIUS (Reuters) -Ukraine’s largest Western allies are still finalising a joint framework that would pave the way for long-term security assurances for Kyiv, and may wait until the end of a NATO summit this week to announce them, European diplomats say. The 31-member NATO alliance meets in Lithuania on…
