Commerce Secretary Gina Raimondo called on European governments to work with the US to fight climate change and counter Chinese clout, the latest sign that Washington hopes allies follow its lead in passing a landmark climate bill.
Russia’s Energy Ministry said the nation reduced its oil output by about 700,000 barrels a day last month, according to a person familiar with the figures.
Former Treasury Secretary Lawrence Summers said the likelihood of a US recession is rising after a series of weak economic indicators and that the Federal Reserve is approaching the end of its series of interest-rate hikes.
BNP Paribas SA raised the bonus pool for its top investment bankers last year after the employees’ unit posted revenue gains on increased market volatility.
Canada Revenue Agency workers have voted “overwhelmingly” in favor of a strike to push for higher wage increases from Prime Minister Justin Trudeau’s government.
Paris and Beijing agreed to support any effort to restore peace in Ukraine on the basis of international law in a joint statement that fell short of French President Emmanuel Macron’s hopes for his three-day China visit.
In 2019, US Supreme Court Justice Clarence Thomas publicly disclosed five trips that were paid for by someone else: a series of teaching and speaking engagements at US law schools and colleges. He reported receiving no gifts.
The European Central Bank has to continue to raise borrowing costs, according to Governing Council member Klaas Knot, conceding that a slower pace of tightening could be warranted.
Policy-sensitive Treasury notes fell, sending two-year yields back above 4%, as a solid hiring report bolstered bets for another Federal Reserve rate increase. US stock futures advanced before closing early as the report eased concerns the economy was headed for recession.
US payrolls rose at a firm pace last month with the unemployment rate dropping again near record lows, paving the way for the Federal Reserve to increase interest rates at its next meeting.
