EU adopts levy on excess energy profits, no gas price cap
BRUSSELS (AP) — European Union energy ministers on Friday adopted a package of measures to ease an energy crisis, including…
Brainard warns US rates to stay high, notes global impact
WASHINGTON (AP) — Federal Reserve Vice Chair Lael Brainard said Friday that U.S. interest rates will likely have to remain…
Markets In Q3: Goldilocks Fairytale Turns Into Bad Bear Nightmare
(Fixes typo in headline) By Marc Jones LONDON (Reuters) – If global market investors thought 2022 couldn’t get any more…
Resilient US consumers spend slightly more in August
WASHINGTON (AP) — Consumers spent a bit more in August than the previous month, a sign the economy is holding…
Elon Musk Set To Showcase Tesla’s Humanoid Robot After Delay
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla CEO Elon Musk has said a robot business will be worth more…
U.S. Consumer Spending Rebounds In August; Inflation Picks Up
WASHINGTON (Reuters) – U.S. consumer spending rebounded in August, but aggressive interest rate hikes from the Federal Reserve as it…
West rejects Putin’s claim it sabotaged Baltic gas pipelines
COPENHAGEN, Denmark (AP) — Russian President Vladimir Putin on Friday accused the West of sabotaging Russia-built natural gas pipelines under…
EXPLAINER: A deep dive into risks for undersea cables, pipes
PARIS (AP) — Deep under water, the pipes and cables that carry the modern world’s lifeblood — energy and information…
UK Economy Still Below Pre-pandemic Size, Underscoring Challenge For Truss
By Andy Bruce and William Schomberg LONDON (Reuters) – Britain’s economy remained below its pre-pandemic peak, according to data published…
Swiss National Bank Ends Era Of Foreign Currency Purchases
By John Revill ZURICH (Reuters) -The Swiss National Bank sold 5 million Swiss francs ($5.1 million) worth of foreign currency…