IMF warns Italy on debt, delays in post-COVID recovery plan
ROME (Reuters) – Italian policies that slow public debt reduction or delay receiving European pandemic recovery funds could make it…
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US willing to take ‘targeted’ actions against China for national security, Treasury official says
WASHINGTON (Reuters) – U.S. Treasury Undersecretary Jay Shambaugh said on Wednesday the Biden administration will not hesitate to take targeted…
Exclusive-Biden taps ex-Maryland Governor O’Malley to run Social Security agency
By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden has picked former Maryland Governor Martin O’Malley to lead the…
US plans water heater standards, says they will save consumers $11 billion
(This July 21 story has been corrected to say the proposed standards are not technologically feasible for some Rinnai products,…
White House launches methane emission task force to boost leak detection
By Valerie Volcovici WASHINGTON (Reuters) – The Biden administration on Wednesday launched a Cabinet-level task force that will corral federal…
UK budget watchdog warned ex-finance minister Kwarteng about soaring borrowing
By Andy Bruce LONDON (Reuters) -Britain’s former finance minister Kwasi Kwarteng held back official warnings that borrowing was on course…
Russian inflation above 4% target for first time since March – econ ministry
(Reuters) – Russia’s annual inflation crept back above the central bank’s 4% target in the week to July 24 for…
Lockheed gets US defense contract to develop nuclear-powered spacecraft
(Reuters) – Weapons maker Lockheed Martin has been awarded a contract by a U.S. Department of Defense agency to develop…
Derivatives exchange CME Group’s profit rises on robust demand
By Jaiveer Shekhawat and Laura Matthews (Reuters) -CME Group Inc reported a rise in second-quarter profit on Wednesday, as traders…
AT&T initiates new $2 billion cost-cutting program as free cash flow beats estimates
By Samrhitha A (Reuters) -AT&T expanded its cost-cutting plan by $2 billion on Wednesday after topping estimates for quarterly free…