Weak spending a challenge to Japan's recovery plan
Japan's Abenomics push is a good idea on paper, but its actual implementation is proving more complicated than some thought, as mostly weak data today illustrates. Reuters' Jon Gordon reports.
Japan's Abenomics push is a good idea on paper, but its actual implementation is proving more complicated than some thought, as mostly weak data today illustrates. Reuters' Jon Gordon reports.
Netflix will report first quarter earnings after the bell on Thursday. Here's what to expect.
New York Fed president John Williams on Thursday became the latest central bank official to dial back the timing of any easing in monetary policy.
New England will be the latest region to see gasoline prices spike higher.
Russia said Thursday that fresh US aid for Ukraine will not change the dynamics on the battlefield, as Washington gears up for a crucial weekend vote on long-stalled military funding for Kyiv.Ukraine has struggled on the battlefield for months, outgunned and outnumbered by Russian forces amid a shortage of Western military aid.
The United States and Britain announced widespread sanctions against Iran's military drone program on Thursday, in response to its weekend attack against Israel. - Britain also sanctions Tehran - In coordination with the US Treasury, the UK government announced its own suite of sanctions against Tehran on Thursday, targeting seven individuals and six companies for enabling Iran to continue its "destabilizing regional activity, including its direct attack on Israel."
Booming sales of cold drinks at Starbucks have created a problem: growing amounts of plastic waste from the single-use cups that Frappuccinos, Refreshers, cold brews and other iced drinks are served in. The coffee giant said Thursday it plans to alleviate some of that waste with new disposable cups that contain up to 20% less plastic. Amelia Landers, Starbucks’ vice president of product innovation, said the Seattle-based company spent the last four years developing the new containers.
The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising prices. Sales of previously occupied U.S. homes fell 4.3% in March from the previous month to a seasonally adjusted annual rate of 4.19 million, the National Association of Realtors said Thursday. Existing home sales also fell 3.7% compared with March last year.
Russia is making overseas travel harder for some officials due to fears that foreign powers may try to gain access to state secrets during the worst crisis in relations with the West for more than 60 years, nine sources told Reuters. The Federal Security Service (FSB) is putting pressure on employees across government ministries not to leave Russia at all, even to visit so-called 'friendly' countries that have not imposed sanctions against Moscow, the sources said. Foreign travel was highly restricted during Soviet times and even before the Ukraine war those with access to certain secret information were banned from leaving Russia.
House Speaker Mike Johnson is including the TikTok divest-or-ban bill in an aid package for Ukraine and Israel.
Senior U.S. and Israeli officials will hold a virtual meeting on Thursday about Israel's plans for the southern Gaza city of Rafah as Washington seeks alternatives to an Israeli offensive, a U.S. official said. President Joe Biden has urged Israel not to conduct a large-scale offensive in Rafah to avoid more Palestinian civilian casualties in Gaza, where Palestinian health authorities say more than 32,000 people have been killed in Israel's assault. The meeting comes as Israel considers launching an attack on Iranian targets in response to Iran's launching of a barrage of drones and ballistic missiles last weekend against Israel.
Global stock markets mostly rose Thursday with traders mulling the outlook for US interest rates as Federal Reserve officials questioned the need for a cut anytime soon."The stock market has found it increasingly difficult to maintain intraday gains as participants have been in more of a de-risking mode following five straight monthly gains that have stretched valuations to a point that have clashed with rising interest rates," said market analyst Patrick O'Hare at Briefing.com.
When the BP Deepwater Horizon drilling rig exploded in 2010 and spewed many millions of gallons of oil into the Gulf of Mexico, the disastrous spill damaged the economy, devastated the environment and required thousands of regular people to help clean it up. Many of them got sick, but a settlement was supposed to help. BP agreed to pay workers who got ill after exposure to oil and a chemical dispersant used to break it up.
The United States slapped new sanctions Thursday on sixteen people and two entities associated with Iran’s drone program as it looks to punish Tehran for last weekend’s attack on Israel.
In the United States, she said, “the flipside'' of unexpectedly strong economic growth is that it ”taking longer than expected'' to bring inflation down. Georgieva also warned that government debts are growing around the world. On Tuesday, the IMF said it expects to the global economy to grow 3.2% this year, a modest upgrade from the forecast it made in January and unchanged from 2023.
Google has fired more than two dozen employees for protesting the company's $1.2 billion contract to provide the Israeli government and military with cloud and artificial intelligence services.
Service has been mostly restored after law enforcement agencies in at least four states reported 911 service interruptions Wednesday evening, though the cause of the outages remains unclear.
WASHINGTON (Reuters) -The United States on Thursday announced new sanctions on Iran targeting its unarmed aerial vehicle production after its attack on Israel, and U.S. President Joe Biden said G7 leaders were committed to acting together to increase economic pressure on Tehran. Biden said the United States and its allies had helped Israel beat back the April 13 missile and drone strike and were now holding Iran accountable with the new sanctions and export controls.
If Israel targets Iranian nuclear sites, Iran "will surely and categorically reciprocate with advanced missiles against their own nuclear sites."
When a deadly explosion destroyed BP’s Deepwater Horizon drilling rig in the Gulf of Mexico, 134 million gallons of crude erupted into the sea over the next three months — and tens of thousands of ordinary people were hired to help clean up environmental devastation from the biggest offshore oil spill in U.S. history. Recognizing that some members of cleanup crews had likely become sick, BP agreed to a medical claims settlement two years after the 2010 disaster. Through the settlement, BP has paid ill workers and coastal residents a tiny fraction — $67 million — of the billions the company has spent on restitution for economic and environmental damage.
The U.S. and U.K. on Thursday imposed a new round of sanctions on Iran as concern grows that Tehran’s unprecedented attack on Israel could fuel a wider war in the Middle East. Treasury's Office of Foreign Assets Control targeted 16 people and two entities in Iran that produce engines that power the drones used in the April 13 attack on Israel. OFAC also sanctioned five firms involved in steel production and three subsidiaries of Iranian automaker Bahman Group — which is accused of materially supporting Iran's military and other sanctioned groups.