Britain and Italy start work on partnership to boost trade
LONDON (Reuters) - Britain and Italy have agreed to pursue a new trade partnership, the British trade department said on Wednesday following talks on the sidelines of a G20 ministerial meeting in
China’s finance minister says greater tax, fee cuts coming this year
BEIJING (Reuters) - Chinese Finance Minister Liu Kun said on Tuesday that China will implement bigger cuts in taxes and fees this year while strengthening coordination between fiscal and monetary
U.S. offshore oil output inches back as infrastructure woes slow recovery
By Marianna Parraga and Sabrina Valle HOUSTON (Reuters) - Over 1.4 million barrels per day of oil and 1.88 billion cubic feet per day of gas production remained shut on Wednesday in the U.S.
Shortages, inflation and slow growth fog UK economy
By Andy Bruce LONDON (Reuters) - Britain's economic bounce-back after coronavirus lockdowns is being hampered by problems in supply chains, a jump in inflation and the risk of a rise in unemployment,
Detroit’s chip woes drag on U.S. economic growth
By Dan Burns (Reuters) - The U.S. auto sector's production slump this year is more than a big minus for Detroit - it's a major drag on the entire economy.
Omicron won’t tip Germany into recession but recovery slowing -top economists
BERLIN (Reuters) - Germany's strong fourth wave of coronavirus infections and the new Omicron variant are unlikely to tip its economy into recession although output will now reach its pre-pandemic
EU extends tariffs on U.S. biodiesel for five years
BRUSSELS (Reuters) - The European Union will retain its tariffs on U.S. biodiesel for a further five years after concluding that removing them would likely lead to a surge of imports at artificially
Drought-hit New Mexico town eyes economic liftoff from Virgin Galactic space launch
By Nathan Frandino TRUTH OR CONSEQUENCES, N.M.
Deutsche Bank accelerates closing of Postbank branches
BERLIN (Reuters) - Deutsche Bank will accelerate the closing of its Postbank branches and aims to have 550 branches by the end of 2023, 200 fewer than now, the Handelsblatt newspaper reported on
Inflation will abate as supply meets demand, says UK PM Johnson
LONDON (Reuters) - Inflationary pressures will abate as supply improves to meet demand, British Prime Minister Boris Johnson said on Tuesday.