By Lawrence Delevingne and Amanda Cooper (Reuters) -Global shares rose and the dollar pulled back on Tuesday, a day ahead of U.S. inflation data that could warrant a quicker end to Federal Reserve rate hikes, while the prospect of China propping up growth helped to lift oil and other commodities. Wall Street posted gains across…
By Granth Vanaik and Ananya Mariam Rajesh (Reuters) – Amazon.com hopes to tempt U.S. shoppers on Tuesday to open inflation-thinned wallets by offering deeper discounts on a wide range of goods and services during this year’s “Prime Day” 48-hour shopping event, including its first-ever travel discounts. A year of inflation has lifted mortgage rates, rents…
By Daniel Wiessner (Reuters) -Dozens of Amazon.com Inc warehouse workers in New York City have sued their union, the first in the company’s history, alleging that top union officials are refusing to hold democratic elections to fill leadership posts. The lawsuit filed in Brooklyn federal court on Monday represents an escalation of internal disputes within…
By Steve Holland and Justyna Pawlak VILNIUS (Reuters) -U.S. President Joe Biden’s administration will move ahead with the transfer of F-16 fighter jets to Turkey in consultation with Congress, national security adviser Jake Sullivan said on Tuesday, a day after Ankara gave the green light for Sweden to join NATO. Turkey, which had been the…
By Timothy Gardner WASHINGTON (Reuters) -The Biden administration issued a final rule on Tuesday phasing down the use of gases known as hydroflourocarbons, or HFCs, used in refrigerators and air conditioners, in its latest step to curb emissions that cause climate change. The final rule implements a 40% reduction in use of HFCs below historic…
By Nelson Acosta HAVANA (Reuters) -Cuban authorities on Tuesday said the U.S. recently had a nuclear-powered submarine at its military base at Guantanamo Bay and called the action a “provocative escalation” of tensions weeks after Washington alleged that there was a Chinese spy base on the island. “The presence of a nuclear submarine there at…
By Sabine Siebold, John Irish and Andrew Gray VILNIUS (Reuters) -NATO leaders said on Tuesday that Ukraine should be able to join the military alliance at some point in the future but they stopped short of offering Kyiv an immediate invitation, angering Ukrainian President Volodymyr Zelenskiy. The leaders were meeting at a summit in the…
WASHINGTON (Reuters) -U.S. Vice President Kamala Harris on Tuesday announced new steps to lower the cost of childcare for American families with a proposal that would cap co-payments under a block grant program that serves 1.5 million children and their families each month. “This is a critical issue for almost every family in our country,”…
By Steve Holland VILNIUS (Reuters) – Fresh from handing Joe Biden a diplomatic victory by easing Sweden’s path into NATO, Turkish President Tayyip Erdogan wished the U.S. president good luck in his 2024 re-election campaign. “Now, you are getting prepared for the forthcoming elections,” Erdogan told Biden when the two met on the sidelines of…
WASHINGTON (Reuters) – U.S. passenger railroad Amtrak suspended service between Washington and Richmond, Virginia after a train derailed while traveling near Washington Union Station. Northeast Regional Train 86 was traveling at a low speed in the tunnel south of the station and remained upright after derailing. No passengers were reported injured and one employee was…
