By Kanishka Singh WASHINGTON (Reuters) -The U.S. Congressional Budget Office said on Tuesday its budget deficit projections would be reduced by about $1.5 trillion over the next 10 years if the debt ceiling bill now up for a vote in Congress were enacted in its present form. The projection comes following the debt ceiling deal…
By Richa Naidu and Dominique Vidalon LONDON/PARIS (Reuters) -The world’s top consumer goods companies, making everything from instant noodles to soap and ice cream, are paying less for their raw materials and energy, but it may take time before shoppers see significantly lower price tags for household goods. Rising expenses for everything from sunflower oil…
AMSTERDAM (Reuters) – A ban on smoking marijuana on the streets of Amsterdam’s red light district went into effect on Thursday, part of a push by the city’s first female mayor to clean up the area. Signs were posted in the canal-lined neighbourhood known for its brothels, sex clubs and marijuana cafes, which attract millions…
By Julie Gordon OTTAWA (Reuters) – The Canadian government’s plan to ease runaway housing prices by rapidly ramping up the pace of home construction risks pushing up construction costs in the near term and could lead to oversupply in the long run, experts said. Vowing to double homebuilding to keep up with population growth and…
By Guy Faulconbridge and Vladimir Soldatkin MOSCOW (Reuters) -Russian President Vladimir Putin told the leaders of the Group of Twenty (G20) on Wednesday that it was necessary to think about how to stop “the tragedy” of the war in Ukraine, some of his most placatory remarks to date about the conflict. Putin’s decision to send…
By Huw Jones (Reuters) – European Union states on Tuesday gave the final nod to the world’s first comprehensive set of rules to regulate cryptoassets on Tuesday, piling pressure on countries such as Britain and the United States to play catch up. An EU finance minister meeting in Brussels approved rules that were thrashed out…
(Reuters) -U.S. meatpacker Tyson Foods Inc on Monday forecast full-year sales above Wall Street estimates, signaling steady demand for its higher-priced chicken and beef despite decades-high levels of inflation. Packaged food makers have so far witnessed very little pushback from consumers on price increases, which were undertaken due to rising costs. The Springdale, Arkansas-based company…
By Steve Holland WASHINGTON (Reuters) – President Joe Biden on Monday described how he once bloodied the nose of a neighborhood bully when he was a wee lad, egged on by his Irish-American mother. Biden, who gives few one-on-one interviews and holds few news conferences, taped an extensive interview with British podcaster Jay Shetty, whose…
VATICAN CITY (Reuters) – A special purification rite was held at the main altar of St. Peter’s Basilica on Saturday after it was desecrated by a man who stood on it naked to protest against the war in Ukraine. The prayer service, known as a penitential rite and required by Canon law, was led by…
By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Trump drives global trade war up a gear Investors went on the defensive Thursday, reducing exposure to risky assets like stocks after U.S. President Donald Trumpescalated the global trade wars with his plans…
