Updated Archives - Page 2904 of 3399

Biden blasts Republicans, asks party to name what it stands for

20 Jan 2022 20 Jan 2022

By Alexandra Alper WASHINGTON (Reuters) – U.S. President Joe Biden on Wednesday accused Republicans of blocking his legislative agenda for political purposes, saying the party is more interested in defeating his presidency than doing things for the American people. During a news briefing marking the one-year anniversary of his presidency, Biden said he did not …

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Australia jobless number dives to lowest since 2008 as case builds for rate rise

20 Jan 2022 20 Jan 2022

By Wayne Cole SYDNEY (Reuters) -Australian employment raced ahead in December as the jobless rate fell to its lowest point since 2008, showing strength that should help the economy weather the current surge in coronavirus cases across the country. Data from the Australian Bureau of Statistics on Thursday showed employment jumped 64,800 in December, topping …

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Build Back Better plan could pass in chunks, Biden says

20 Jan 2022 20 Jan 2022

By Alexandra Alper WASHINGTON (Reuters) -U.S. President Joe Biden said on Wednesday that he needs to break up his signature $1.7 trillion Build Back Better legislation, passing a large chunk now and other measures later in the year. Biden made a big push in December to win passage in Congress of the spending bill. It …

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U.S., UK launch talks to resolve steel, aluminum dispute; U.S. producers wary

20 Jan 2022 20 Jan 2022

By David Lawder and David Shepardson WASHINGTON (Reuters) -The United States and Britain on Wednesday agreed to start talks aimed at resolving their trade dispute over U.S. steel and aluminum tariffs, the countries said in a joint statement. No specific date or timeline was given for the talks but discussions will address “global steel and …

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United Airlines cuts capacity forecast, flags cost pressure on Omicron turmoil

20 Jan 2022 20 Jan 2022

By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines Holdings on Wednesday trimmed its capacity forecast and warned of higher costs, after posting a smaller-than-expected fourth-quarter loss, citing turbulence from the Omicron coronavirus variant. The Chicago-based carrier said the latest wave of the health crisis has depressed near-term demand even as bookings for the spring …

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Nasdaq confirms fourth correction since pandemic hit

20 Jan 2022 20 Jan 2022

By Noel Randewich (Reuters) – The Nasdaq’s loss on Wednesday left it down nearly 11% from its November record high close, marking the fourth time in the nearly two years since the coronavirus pandemic shook global markets that the tech-heavy index has found itself in a correction. The index of over 3,600 stocks traded on …

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Calling UK PM ‘disgraceful’, Conservative lawmaker defects to opposition

20 Jan 2022 20 Jan 2022

LONDON (Reuters) – A lawmaker quit Boris Johnson’s Conservative Party on Wednesday to join the opposition, describing the British prime minister’s behaviour over lockdown parties as “disgraceful” and fuelling a rebellion against his premiership. Christian Wakeford, who represents the Bury South constituency in northern England, said Johnson’s policies were doing nothing to help the people …

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Disney names Rebecca Campbell as international content group lead

20 Jan 2022 20 Jan 2022

By Dawn Chmielewski (Reuters) -Walt Disney Co on Wednesday named company executive Rebecca Campbell to lead its new hub for international content creation to expand regional content for its streaming services. Campbell will oversee the creation of more locally produced content to fuel the growth of Disney+, Hulu and Star+, as the video streaming services …

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Biden says Fed should ‘recalibrate’ policy as prices rise

20 Jan 2022 20 Jan 2022

WASHINGTON (Reuters) -U.S. President Joe Biden on Wednesday said it was appropriate for the Federal Reserve to recalibrate the support it provides to the U.S. economy, in light of fast-rising prices and the strength of recovery. “Given the strength of our economy and recent price increases, it’s appropriate, as … Fed Chairman (Jerome) Powell has …

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Kinder Morgan profit tops expectations on higher gasoline, jet fuel volumes

20 Jan 2022 20 Jan 2022

(Reuters) -Kinder Morgan beat Wall Street expectations for fourth-quarter profit on Wednesday, as the U.S. pipeline operator transported higher volumes of gasoline and jet fuel with demand rising as people resumed travel and business activity picked up. Global jet fuel demand, however, has again come under pressure with some countries reimposing border restrictions and other …

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