By Jarrett Renshaw and Jeff Mason PHILADELPHIA (Reuters) – President Joe Biden traveled on Thursday to Philadelphia to pitch the promise of a green economy to union workers skeptical that the solar, wind and electric vehicle industries can deliver the same economic punch for organized labor as fossil fuel-powered refineries and power plants. Biden is…
By Wayne Cole and Alasdair Pal SYDNEY (Reuters) – Australia on Friday launched a “national wellbeing” dashboard of indicators to measure progress on issues like health, education and the environment, one that it hopes will lead to a better balance between economic and social objectives. It will track indicators across five categories – healthy, secure,…
By Rachel Nostrant NEW YORK (Reuters) – The city of New York has agreed to pay $13 million to hundreds of people arrested during the 2020 George Floyd demonstrations, according to attorneys for the plaintiffs, who said it was the largest class action settlement ever paid to protesters in the United States. The protests in…
TOKYO (Reuters) – Core inflation in Japan’s capital likely stayed above the central bank’s 2% target but slowed sharply in July, a Reuters poll showed on Friday, suggesting that easing cost pressures will moderate the pace of price gains nationwide. The Tokyo core consumer price index (CPI), which excludes volatile fresh food but includes fuel…
By Jonathan Landay WASHINGTON (Reuters) -The United States on Thursday imposed Russia-related sanctions against nearly 120 people and entities aimed at blocking Moscow’s access to electronics and other goods that aid its war against Ukraine, the Treasury and State departments announced. The new measures also are designed to “reduce Russia’s revenue from the metals and…
By Hyunsu Yim SEOUL (Reuters) -North Korea said on Thursday deployment of U.S. aircraft carriers, bombers or missile submarines in South Korea could meet criteria for its use of nuclear weapons, state media KCNA reported, citing the country’s defence minister, Kang Sun Nam. The comments raise the stakes as each side steps up displays of…
WASHINGTON (Reuters) -The U.S. Federal Trade Commission official on Thursday withdrew the agency’s case before an in-house judge that sought to block Microsoft’s $69 billion acquisition of game-maker Activision. The agency has been pursuing a two-pronged attack against the proposed transaction. One was in district court, which refused last week to slap a preliminary injunction…
WASHINGTON (Reuters) – A special purpose acquisition firm that is set to merge with former U.S. President Donald Trump’s media company settled regulatory charges that it had made “material misrepresentations” to investors. The U.S. Securities and Exchange Commission (SEC) said on Thursday that Digital World Acquisition Corporation, which was found to have violated antifraud provisions…
WASHINGTON (Reuters) – U.S. Transportation Secretary Pete Buttigieg said on Thursday his agency has national security concerns about Chinese autonomous vehicle companies in the American market after some lawmakers called for restrictions on their operations. “Whether we are talking about hardware or software, in the same way there are concerns around telecom or TikTok, there…
By Anant Chandak BENGALURU (Reuters) – South Korea’s economic growth likely slowed a bit last quarter as languishing exports and high interest rates hurt private consumption that accounts for about half of the economy, a Reuters poll of economists found. While exports from Asia’s fourth-largest economy declined in June, imports also fell, indicating a lack…
