(Reuters) -Goldman Sachs Chief Executive David Solomon told CNBC on Monday that the U.S. economy has been more resilient than feared, even though inflation was proving somewhat stickier. Solomon said he expected a pick-up in recent “anemic” capital markets activity, adding this had not been unusual after 2022’s adjustment of valuations and capital costs. “I…
By David Shepardson WASHINGTON (Reuters) -U.S. Transportation Secretary Pete Buttigieg on Monday said he told Mexican President Andres Manuel Lopez Obrador last week any decision to reinstate the country’s air safety rating would not be based on politics. “The rating as I emphasized to the president is a safety decision. It’s independent of any economic,…
By Karen Freifeld (Reuters) -The Biden administration on Monday added 43 entities to an export control list, including Frontier Services Group Ltd, a security and aviation company previously run by Erik Prince, for training Chinese military pilots and other activities that threaten U.S. national security. The Test Flying Academy of South Africa, a flight school…
(Reuters) -The Washington Post said on Monday Fred Ryan would step down as its CEO in August after a near decade-long stint at the newspaper owned by Amazon.com founder Jeff Bezos. The Post has named Patty Stonesifer as its interim chief executive, turning to the non-profit veteran who was the founding CEO of the Bill…
(This June 10 story has been corrected to say that Pete Buttigieg is the first openly LGBTQ U.S. Cabinet secretary confirmed by lawmakers, in paragraph 3) By Andrea Shalal WASHINGTON (Reuters) – U.S. President Joe Biden on Saturday hosted the largest Pride celebration in White House history, calling for new measures to protect the rights…
WASHINGTON (Reuters) – U.S. Secretary of State Antony Blinken extended his condolences to the family of Silvio Berlusconi and the Italian people following the death of the former Italian prime minister, who died on Monday aged 86. “He was obviously a tremendously significant figure in the life of Italy, in the political life, in the…
By Bhanvi Satija (Reuters) – Catalent’s shares shot up 12% on Monday as the contract drug manufacturer posted third-quarter revenue ahead of estimates after a long delay caused by persistent production issues at its major facilities. The company reported a larger-than-expected quarterly loss and cut its annual revenue forecast for the second time, but strength…
By Terje Solsvik OSLO (Reuters) -Mondelez International, facing a widening corporate boycott in the Nordic region over its presence in Russia will meet with Norwegian government representatives this week in the hope of protecting the group’s local business. Airlines SAS and Norwegian Air, railway group SJ, hotel chain Strawberry, retailer Elkjop, shipping group Fjord Line…
By Rod Nickel WINNIPEG, Manitoba (Reuters) – Canadian biofuels producers are threatening to build their next projects in the United States to cash in on rich subsidies for clean fuel and stay competitive, a move that could cost Canada C$10 billion ($7.5 billion) of investment and undermine Prime Minister Justin Trudeau’s efforts to build a…
PARIS (Reuters) -The United States plans to rejoin the UNESCO organisation from this July onwards, UNESCO announced on Monday. The United States withdrew from the U.N. cultural agency in December 2018 under President Donald Trump over accusations of anti-Israel bias and mismanagement. “It is a strong act of confidence in UNESCO and in multilateralism”, UNESCO…
