By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending increased more than expected in April, boosting the economy’s growth prospects for the second quarter, and inflation picked[...]
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May 26, 2023
Brexit to blame for a third of Britain’s food bill rise, researchers say
By James Davey LONDON (Reuters) – Britain’s departure from the European Union has accounted for about a third of the increase in food bills for households since 2019, equivalent to about 2[...]
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Debt ceiling deal may shift investor focus to further Fed action
By David Randall NEW YORK (Reuters) – A last-minute deal to raise the U.S. $31.4 trillion debt ceiling will likely shift Wall Street’s attention to other emerging risks, including further[...]
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Factbox-What’s in the debt ceiling deal Biden, McCarthy are negotiating?
By Jarrett Renshaw WASHINGTON (Reuters) – U.S. President Joe Biden and House Republican Speaker Kevin McCarthy are nearing a deal to lift the debt ceiling that would trim some U.S. federal spend[...]
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Fed ‘pause’ on rate hikes in doubt after strong US data
By Ann Saphir and Michael S. Derby (Reuters) -Federal Reserve policymakers got a dose of unexpectedly strong U.S. economic data on Friday that bolstered the case for further monetary policy tightening[...]
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Treasury’s Yellen notes US economic resilience in meeting with IMF’s Georgieva
WASHINGTON (Reuters) – Treasury Secretary Janet Yellen spoke about the U.S. economy’s resilience in the face of global headwinds in a meeting Friday with International Monetary Fund (IMF)[...]
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U.S. screens highest number of air passengers since 2019
By David Shepardson WASHINGTON (Reuters) -The Transportation Security Administration screened 2.658 million passengers on Thursday, the highest number since the beginning of the COVID-19 pandemic, as[...]
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EU faces test to get members to cede power on export controls
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union faces a challenge to convince its members to relinquish authority over export controls as it aims to bring in an EU-wide system that[...]
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Sanctions, pressure on foreign banks destabilising Russia’s FX market -central bank
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Pressure on foreign banks operating in Russia and the widening scope of sanctions is aggravating foreign currency settlements in Russ[...]
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