By John Irish PARIS/CHISINAU (Reuters) – More than 40 European leaders meet in Moldova on Thursday in a show of support for the former Soviet republic and neighbouring Ukraine as Kyiv prepares to launch a counter-offensive against occupying Russian forces. The gathering of the EU’s 27 member states and 20 other European countries at a…
By David Shepardson WASHINGTON (Reuters) -More than 8.3 million U.S. homes and businesses lack access to high-speed broadband internet, the Federal Communications Commission said Tuesday in unveiling its revised national broadband access map. The FCC said it has increased its estimates of homes and businesses without access by nearly 330,000 locations. The data is crucial…
Rising U.S. labor costs are doing little to drive up inflation, researchers from the Federal Reserve Bank of San Francisco said on Tuesday, a finding that may undercut the argument that wage gains are key to elevated price pressures. The analysis by Adam Shapiro in the latest edition of the FRBSF Economic Letter showed that…
By Guy Faulconbridge MOSCOW (Reuters) -President Vladimir Putin said on Tuesday that Ukraine’s biggest ever drone strike on Moscow was an attempt to scare and provoke Russia, and air defences around the capital would be strengthened. Russia said eight drones targeted civilian areas of Moscow and the Moscow region – with a population of over…
By Noor Zainab Hussain (Reuters) – State Farm said it would stop selling new insurance policies to homeowners in California, exacerbating troubles for thousands in the wildfire-prone state, who are already feeling the heat with coverage getting costlier or harder to come by. State Farm General Insurance Company – State Farm’s provider of homeowners insurance…
By Steve Scherer and Nia Williams (Reuters) -Alberta’s election of conservative leader Danielle Smith puts her on a collision course with Canada’s Liberal Prime Minister Justin Trudeau over climate policies that she claims will undermine the province’s massive fossil fuel industry. Smith, leader of the United Conservative Party (UCP), defeated left-leaning New Democratic Rachel Notley…
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt OxyContin maker Purdue Pharma can shield its owners, members of the wealthy Sackler family, from opioid lawsuits in exchange for a $6 billion contribution to the company’s broader bankruptcy settlement, a U.S. appeals court ruled on Tuesday. The New York-based 2nd U.S. Circuit Court of Appeals said…
WASHINGTON (Reuters) – Representative Ralph Norman, a hardline conservative Republican, said he will vote against the debt ceiling bill when it comes before the U.S. House Rules Committee later on Tuesday, if it is not amended. (Reporting by David Morgan in Washington)
NEW YORK (Reuters) – Here are some stocks that could benefit, according to analysts at U.S. brokerage BTIG, if U.S. lawmakers this week pass a bipartisan deal to raise the $31.4 trillion debt ceiling, avoiding a potentially catastrophic default. * An agreement to slash funding for the Internal RevenueService by $20 billion is expected to…
By Daphne Psaledakis WASHINGTON (Reuters) – The United States on Tuesday imposed punitive measures on two Syrian money service businesses it said help the government maintain access to the international financial system in violation of sanctions, in Washington’s first action targeting Syria since its readmittance to the Arab League. The U.S. Treasury Department in a…
