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Ukraine invasion hurts flow of wire harnesses to carmakers
By Christina Amann and Nick Carey (Reuters) - Carmakers including Germany's Volkswagen, BMW and Porsche are struggling to obtain crucial wire harnesses as suppliers in western Ukraine have been shutte...
Syndicated Content Mar 02, 2022
U.S. says airspace ban for Russian airlines to begin at 9 p.m. EST
(Reuters) - The U.S. Department of Transportation and Federal Aviation Administration said orders blocking Russian aircraft and airlines from entering and using all U.S. airspace take effect at 9 p.m ...
Syndicated Content Mar 02, 2022
European stocks fall as oil price surge stokes inflation concerns
By Sruthi Shankar (Reuters) - European stocks fell on Wednesday as surging commodity prices stoked inflation worries at a time when crippling sanctions against Russia over its invasion of Ukraine have...
Syndicated Content Mar 02, 2022
Fed’s Evans: U.S. inflation extremely high, needs to be addressed
By Ann Saphir (Reuters) - Federal Reserve Bank of Chicago President Charles Evans on Wednesday said inflation was "extremely" high, pushed up by strong demand and supply chain issues, and posed "quite...
Syndicated Content Mar 02, 2022
Venezuelan barber mounts mobile shop amid economic crisis
By Johnny Carvajal and Vivian Sequera LA GUAIRA, Venezuela (Reuters) - Barber Franklin Iriarte had to get creative to survive when Venezuela, reeling from a long-running economic collapse, imposed a n...
Syndicated Content Mar 02, 2022
Analysis-Ukraine war raises spectre of Russia’s first external debt default
By Karin Strohecker LONDON (Reuters) - With much of Moscow's $640 billion reserves under lock and key in the West and sanctions crippling cross-border capital flows, investors fear Russia may be headi...
Syndicated Content Mar 02, 2022
Marathon Galveston Bay Refinery, Texas, production to be reduced for a month -sources
HOUSTON (Reuters) - Marathon Petroleum Corp plans to cut production for up to a month at its 593,000 barrel-per-day (bpd) Galveston Bay Refinery in Texas City, Texas, as repairs continue on residual h...
Syndicated Content Mar 02, 2022
Purdue Pharma mediator extends negotiations related to opioid epidemic
NEW YORK (Reuters) - A mediator on Wednesday said she has extended a deadline for negotiations by the Sackler family, who own Purdue Pharma LP, to resolve widespread litigation alleging that they fuel...
Syndicated Content Mar 02, 2022
Explainer-Russian banks out in the cold as EU unveils SWIFT sanctions
By Tommy Wilkes and Huw Jones LONDON (Reuters) - The European Union is excluding seven Russian banks from the SWIFT messaging system that underpins global payment transactions as the West ratchets up ...
Syndicated Content Mar 02, 2022
U.S. private payrolls increase solidly in February- ADP
WASHINGTON (Reuters) - U.S. private employers hired more workers than expected in February and data for the prior month was revised sharply higher as the labor market recovery gathers steam. Private p...
Syndicated Content Mar 02, 2022
Peoria, IL, USA
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