By Lucia Mutikani WASHINGTON (Reuters) -A prolonged shutdown of the U.S. government amid a standoff over funding between Republicans and Democrats in Congress could dent economic growth in the fourth quarter, but much of the lost output would be recovered when normal operations resume. Economists estimated that the shutdown was shaving 0.1 to 0.2 percentage …
US government shutdown will inflict temporary pain to economy Read More »
By Indradip Ghosh BENGALURU (Reuters) -The Bank of Canada will reduce its overnight interest rate by 25 basis points on October 29 for a second consecutive time to support a weak economy under threat from U.S. tariffs, according to a majority of economists polled by Reuters. Tariffs imposed by the U.S. on steel, aluminum and …
By Allison Lampert MONTREAL (Reuters) -A shortfall of air traffic controllers in Canada is at times forcing airport towers at Kelowna and Winnipeg airports to close when the one controller on duty goes on a break, according to a memo to Air Canada pilots seen by Reuters. Air Canada advised its pilots to avoid the …
Staff shortages shutting two Canadian airport control towers periodically, memo says Read More »
BERLIN (Reuters) -The United States has again declined to agree to a proposal from 130 World Trade Organization members to start the selection process to fill vacancies on the WTO’s Appellate Body, a Geneva-based trade official said on Friday. This marks the 91st time the proposal has been blocked, underscoring ongoing disagreement among WTO members …
By Jeff Mason, Tom Polansek and Leah Douglas WASHINGTON/CHICAGO (Reuters) -U.S. President Donald Trump’s administration is quadrupling the country’s low-tariff imports of Argentine beef in his attempt to lower grocery store beef prices, a White House official said on Thursday, evoking fury from the nation’s cattle ranchers. Raising the tariff rate quota on Argentine beef …
Trump to quadruple Argentine beef imports while US ranchers fume Read More »
(Reuters) -Canada has sharply reduced tariff-free import quotas for General Motors and Stellantis, citing their decisions to scale back manufacturing in the country, the country’s Department of Finance said in a statement on Thursday. GM’s annual remission quota is cut by 24.2%, and Stellantis’ by 50%, following their failure to meet commitments under Canada’s auto …
Canada caps how many US-made vehicles Stellantis and GM can import tariff-free Read More »
By Stephen Culp NEW YORK (Reuters) -Wall Street advanced on Thursday as investors mulled a mixed batch of corporate earnings and shifting geopolitical concerns. All three major U.S. stock indexes closed higher, with tech strength nudging the Nasdaq into the lead. But the small-cap Russell 2000 was the clear outperformer. The indexes gained some momentum …
Wall St ends higher amid mixed earnings, Trump-Xi meeting confirmed Read More »
(Reuters) -The Writers Guild of America, which represents screenwriters and newsroom staffers, said it will oppose a deal combining Paramount Skydance and Warner Bros Discovery, Bloomberg News reported on Thursday. “Merger after merger in the media industry has harmed workers, diminished competition and free speech, and wasted hundreds of billions of dollars better invested in …
Writers Guild plans to oppose Paramount-Warner Bros merger, Bloomberg News reports Read More »
By Shivansh Tiwary and Rajesh Kumar Singh (Reuters) -Alaska Air Group lowered its 2025 profit forecast on Thursday as higher fuel costs and operational challenges, including adverse weather, weighed on its margins. The carrier also forecast its fourth-quarter profit well below analysts’ expectations. Refinery outages on the U.S. West Coast have significantly tightened fuel supplies, …
Alaska Air cuts annual profit forecast on higher fuel costs Read More »
By Stephen Nellis SAN FRANCISCO (Reuters) -Apple has started shipping artificial intelligence servers built in a factory in Houston, it said on Thursday, part of the company’s plans to invest $600 billion in the U.S. in the next few years. The servers contain special chips that help Apple deliver AI features with the same privacy measures …
Apple begins shipping AI servers from Houston factory Read More »
