Category Archives:
U.S. Senate Democrats, Republicans to battle over spending amid bank collapse
By David Morgan WASHINGTON (Reuters) - The U.S. Senate Budget Committee begins debate on Wednesday over Democratic President Joe Biden's $6.8 trillion budget proposal, as the collapse of a pair of ban...
Mar 15, 2023
Self-driving startup Gatik to double workforce, strikes Kroger deal
By Abhirup Roy SAN FRANCISCO (Reuters) - Self-driving trucking startup Gatik will double its workforce by year end, a top executive said, after it announced a deal on Wednesday with grocer Kroger Co t...
Mar 15, 2023
HSBC urges SVB UK staff to assure clients their cash, loans are safe – memo
LONDON (Reuters) - HSBC's top bosses have called on employees at the rescued British arm of failed U.S. lender Silicon Valley Bank to assure clients "their deposits are safe and loans are supported" a...
Mar 15, 2023
Denmark’s central bank sees 4% inflation this year, risk of wage-price spiral
COPENHAGEN (Reuters) - Denmark's central bank on Wednesday forecast 4% inflation this year, more than half the level in 2022, and warned high wage increases could delay the slow-down of price increase...
Mar 15, 2023
AI comes for the DJ: London partygoers rave to robot beats
By Vin Shahrestani LONDON (Reuters) - In front of an empty DJ booth at an East London nightclub, partygoers danced to AI-generated beats in a unique experimental rave that sought to test whether an ap...
Mar 15, 2023
S&P says not seen rampant deposit outflows to merit rating action
(Reuters) - S&P has not placed other U.S. banks on CreditWatch negative since First Republic Bank as it has not seen widespread deposit outflows, the ratings agency said on Tuesday, hours after Moody'...
Mar 15, 2023
US to impose inflation fines on first set of drugs, lowering costs
By Ahmed Aboulenein WASHINGTON (Reuters) - The U.S. government will subject 27 drugs to inflation penalties, it announced on Wednesday, meaning people on Medicare will pay less out-of-pocket by $2 to ...
Mar 15, 2023
Iceland lifts countercyclical capital bank buffer to 2.5%
COPENHAGEN (Reuters) - The Icelandic Financial Stability Committee has decided to increase the country's countercyclical buffer rate to 2.5% from 2.0% when measured as a share of the domestic risk bas...
Mar 15, 2023
Germany’s IfW predicts 0.5% GDP growth in 2023 amid stubbornly high inflation
BERLIN (Reuters) - Germany's IfW economic institute said on Wednesday it did not expect a strong economic recovery in 2023 due to continued losses in consumer purchasing power as a result of stubbornl...
Mar 15, 2023
French inflation revised upwards in February to 7.3% – final figures
PARIS (Reuters) - French annual inflation rose to a revised 7.3% in February from 7.0% in January, partly as a result of higher food prices, according to final figures from the INSEE statistics body o...
Mar 15, 2023
Peoria, IL, USA
42 °F Overcast
