By David Shepardson WASHINGTON (Reuters) -A Fiat Chrysler auto engineer charged with making misstatements to U.S. regulators about diesel engines’ emission control systems pleaded guilty to a felony, the U.S. Justice Department said on Thursday. The Justice Department said the guilty plea by Emanuele Palma accompanies the earlier conviction of Fiat Chrysler, now part of…
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, touching the lowest level in two months amid ongoing labor market tightness and defying efforts by the Federal Reserve to slow demand. The second straight weekly decline in claims reported by the Labor Department on…
By Alexander Villegas ATACAMA DESERT, Chile – Chile’s millennial president, Gabriel Boric, promised to mine differently. He would turn the world’s largest copper producer and second largest lithium miner into a country that focused on environmental and social responsibility. When Boric announced his ambitious plan in April to take state control over the country’s lithium…
By Olena Harmash KYIV (Reuters) -Ukraine’s central bank said it will nationalise Russian-owned Sense Bank, one of the country’s top commercial banks, and put it under temporary administration on Friday. The National Bank of Ukraine (NBU) said in a statement on Thursday it decided to “withdraw from the market the systemically important” bank and submitted…
(Reuters) – Florida’s board of education has approved new guidelines for teachers on how Black American history should be taught despite sharp criticism from some educators and civil rights groups. Among the new guidelines for educators are “benchmark clarifications,” including one for middle school students that states “instruction includes how slaves developed skills which, in…
SAO PAULO (Reuters) – Brazilian retailer GPA said on Thursday its board rejected a second offer from Colombian billionaire Jaime Gilinski to acquire a 51% stake in its subsidiary Almacenes Exito. In a securities filing, GPA said the offer does not serve the best interests of the firm and its shareholders, as the price offered…
(Reuters) – PPG Industries raised its full-year profit forecast on Thursday after beating second-quarter profit estimates as strong prices helped the industrial coatings maker offset lower demand. While overall sales volumes were down, demand for automotive OEM coatings remained robust as the quarter witnessed higher vehicle production in the U.S. after two straight quarterly declines,…
WASHINGTON (Reuters) -U.S. President Joe Biden will host a second summit with leaders of Pacific island nations in September, Joseph Yun, the U.S. official responsible to negotiations with three key Pacific island states said on Thursday. U.S. officials have said the summit is expected to take place around the time of the U.N. General Assembly…
By Patricia Zengerle WASHINGTON (Reuters) – The U.S. Senate voted overwhelmingly on Thursday against an effort to tie military aid to Ukraine to NATO members’ defense spending, despite 13 Republicans backing the bid from Republican Senator Mike Lee to restrict U.S. aid to Ukraine. The 100-member Senate opposed the amendment to the National Defense Authorization…
SEOUL (Reuters) – South Korea’s producer prices fell in June on an annual basis for the first time in 31 months, central bank data showed on Friday, dragged down by petroleum and agricultural products. The producer price index was 0.2% lower in June than the same month the year before, after a rise of 0.5%…
