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(Reuters) – Honeywell International Inc on Sunday lifted its outlook for business jet deliveries, as the COVID-19 pandemic brought in a wave of first-time users and buyers in the private flying market. Honeywell forecast up to 8,500 new business jet deliveries worth $274 billion from 2023 to 2032, up 15% from last year’s outlook, while …

Honeywell forecasts increase in private jet deliveries over next decade Read More »

By Mike Scarcella (Reuters) – The U.S. Justice Department on Sunday moved to dismiss an antitrust indictment against two former Pilgrim’s Pride Corp executives who were the remaining defendants in a conspiracy prosecution that has failed to secure any convictions. Federal prosecutors asked U.S. District Judge Daniel Domenico to dismiss the case against Jason McGuire, …

U.S. moves to dismiss price-fixing case against two former Pilgrim’s Pride execs Read More »

BRUSSELS (Reuters) – European Union leaders meeting at the end of this week will explore a range of options for gas price caps, over which they have been divided for weeks, according to a new draft of conclusions for the Oct. 20-21 summit seen by Reuters. The EU’s 27 countries have been deadlocked for weeks …

EU leaders set to explore gas price cap options – document Read More »

BUENOS AIRES (Reuters) -Argentina’s Economy Minister Sergio Massa said on Sunday the government will give workers tax relief from November by raising the threshold at which income tax is charged, as the country battles with soaring inflation. “It will take effect from Nov. 1, it will be above 330,000 pesos ($2,176),” Massa said in an …

Argentina to give workers income tax relief from November Read More »

WASHINGTON (Reuters) – White House economic adviser Cecilia Rouse said on Sunday that Federal Reserve interest rate hikes were starting to cool the “red-hot” U.S. economy, especially labor and housing markets, but inflation was still too high. Rouse, who chairs the White House Council of Economic Advisers, told CNN that the Biden administration would work …

White House economic adviser says Fed actions starting to cool U.S. economy-CNN Read More »

By Raphael Satter WASHINGTON (Reuters) -A former Wall Street Journal reporter is accusing a major U.S. law firm of having used mercenary hackers to oust him from his job and ruin his reputation. In a lawsuit filed late Friday, Jay Solomon, the Journal’s former chief foreign correspondent, said Philadelphia-based Dechert LLP worked with hackers from …

Former WSJ reporter says law firm used Indian hackers to sabotage his career Read More »

By Jorgelina do Rosario and Rachel Savage WASHINGTON/JOHANNESBURG (Reuters) – Zambia’s finance minister said on Saturday it is still unclear who will be leading talks for renegotiating its nearly $6 billion debt with China, the largest bilateral creditor of the first African sovereign default in 2020 after the COVID-19 pandemic hit. China co-chairs a committee …

Zambia finance minister eager to renegotiate debt, awaits China’s team Read More »

WASHINGTON (Reuters) -The Federal Reserve’s rapid interest rate increases have contributed to the strength of the dollar against other currencies, but that may ease once the U.S. central bank reaches the point of pausing the hikes, St. Louis Fed President James Bullard said on Saturday. Fed policy “has produced a stronger currency,” Bullard said at …

Fed’s Bullard says boost to dollar from interest rate hikes may ease Read More »