FRANKFURT/LONDON (Reuters) -The European Central Bank will need to raise interest rates further if inflation develops along the path it forecast last week and it is far too soon to talk about cutting rates, Bundesbank President Joachim Nagel said on Wednesday. The ECB last week raised rates by 50 basis points to 3% but provided …
Stubborn inflation may require more ECB rate hikes: Nagel Read More »
By David Shepardson WASHINGTON (Reuters) -A group of seven U.S. senators on Tuesday proposed legislation to raise the mandatory commercial pilot retirement age to 67 from 65, in a bid to address airline industry staffing issues. The legislation first proposed last year by Senator Lindsey Graham and other Republicans now includes Democrats Joe Manchin and …
Senators propose raising US commercial pilots mandatory retirement age Read More »
By Stephanie Kelly NEW YORK (Reuters) – A fire that broke out on Wednesday at an INEOS phenol plant in Pasadena, Texas, injured one person, but has since been extinguished, a city official said. There is no danger to the community from the fire, and officials have not issued a shelter in place, said Laura …
Fire breaks out at INEOS phenol plant in Pasadena, Texas, injuring one -city official Read More »
(Corrects paragraph 1 to say co has “raised prices” and not “plans to raise prices”, paragraph 4 to say “increased prices” and not “would raise prices”, updates share move) By Radhika Anilkumar (Reuters) – Fevertree Drinks has raised prices of its tonics and mixers and is planning to increase production in the United States to …
Tonic maker Fevertree raises prices as glass costs soar Read More »
LONDON (Reuters) -Britain’s RMT has suspended nationwide rail strikes planned for March 30 and April 1 after a proposal by train companies which the trade union said could lead to a resolution in the long-running row over pay and conditions. Tens of thousands of rail workers have staged several waves of industrial action since last …
UK’s RMT suspends rail strikes after proposal by train companies Read More »
By Akash Sriram and Chavi Mehta (Reuters) – The integration of OpenAI’s technology into Microsoft-owned Bing has driven people to the little-used search engine and helped it compete better with market leader Google in page visits growth, according to data from analytics firm Similarweb. Page visits on Bing have risen 15.8% since Microsoft Corp unveiled …
OpenAI tech gives Microsoft’s Bing a boost in search battle with Google Read More »
HARARE (Reuters) -Chinese battery minerals producer Zhejiang Huayou Cobalt said on Wednesday it had started trial production of lithium concentrates at its Arcadia mine in Zimbabwe. Huayou, one of the world’s biggest cobalt producers, acquired Arcadia from Australia-listed Prospect Resources and its Zimbabwean partners in a $422 million deal completed in 2022. After the transaction, …
Huayou starts trial production at Zimbabwe lithium mine, invests in Namibian project Read More »
HARARE (Reuters) -Chinese battery minerals producer Zhejiang Huayou Cobalt said on Wednesday it had started trial production of lithium concentrates at its Arcadia mine in Zimbabwe. Huayou, one of the world’s biggest cobalt producers, acquired Arcadia from Australia-listed Prospect Resources and its Zimbabwean partners in a $422 million deal completed in 2022. After the transaction, …
Huayou starts trial production at Zimbabwe lithium mine, invests in Namibian project Read More »
JERUSALEM (Reuters) -Israel tried on Wednesday to calm international concern over its amending of a law that had ordered the 2005 evacuation of settlers from an area of the occupied West Bank, saying it had no intention of building new settlements there. Tuesday’s repeal in parliament of elements of the “disengagement law” would allow Israelis …
Israel says no plan for new settlements in West Bank area evacuated in 2005 Read More »
By Dietrich Knauth (Reuters) – Johnson & Johnson said on Wednesday that it would ask the U.S. Supreme Court to revive its effort to resolve tens of thousands of lawsuits over its talc products through the bankruptcy of a subsidiary, after an appeals court refused to reconsider its ruling that the bankruptcy was improper. J&J …
J&J to seek U.S. Supreme Court review on unit’s bankruptcy Read More »
