March 29 (Reuters) – The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse’s bailout, and the resulting turmoil in world markets have reignited recession risks that appeared to have subsided just a few weeks ago . Traders are now betting that the Federal Reserve is virtually done raising …
Bankuro means that the fear of the recession is creeping back Read More »
OTTAWA, March 28 (Reuters) – Canada sought to close competitive gaps with the United States on Tuesday with a budget aimed at attracting investment in the low-carbon economy, including tax incentives for electric vehicle (EV) makers and expanding the electricity grid. The 2023-2024 fiscal policy document delivered to the House of Commons also has a …
BRASILIA, March 28 (Reuters) – Meta Platforms Inc (META.O) and Alphabet Inc’s Google (GOOGL.O ) defended in the Supreme Court on Tuesday a Brazilian law that says internet platforms cannot User posted content is responsible unless they are subject to a court order. If upheld, their appeal could establish jurisprudence for future cases involving liability …
Meta, Google defend Brazil’s law on internet platform content liability Read More »
BRUSSELS, March 28 (Reuters) – European Union countries on Tuesday gave final approval to a landmark law to stop sales of new CO2-emitting cars by 2035, after Germany won an exemption for cars that run on e-fuel. The approval from EU energy ministers means Europe’s most important climate policy for cars can now come into …
In 2035, the EU countries approve the phasing out of cars that emit CO2 Read More »
WASHINGTON, March 28 (Reuters) – The United States and Japan on Tuesday announced a trade deal on electric car battery minerals that is key to strengthening their battery supply chains and giving Japanese automakers wider access to a new $7,500 U.S. EV tax credit. The quickly negotiated agreement prohibits the two countries from imposing bilateral …
The US and Japan enter into a trade agreement on electric car battery minerals Read More »
Almost all mills in Maharashtra are set to stop crushing state officials Output seen 10.7 to 10.8 million T (previous forecast: 12.8 million T) A decline means India is unlikely to allow further sugar exports MUMBAI, March 27 (Reuters) – India’s top sugar-producing state of Maharashtra may churn out nearly 16% less sugar than previously …
India’s Maharashtra state will produce less sugar as mills close early Read More »
New financial crisis may lead to “sharper” slowdown Increasing investment, reducing trade costs can reverse the trend An increased labor force participation would increase the growth rate WASHINGTON, March 27 (Reuters) – Average potential global economic growth will fall to a three-decade low of 2.2% a year through 2030, heralding a “lost decade” for the …
World Bank warns of ‘lost decade’ in global growth without bold policy shifts Read More »
BERLIN/FRANKFURT, March 27 (Reuters) – Airports and bus and train stations across Germany came to a standstill on Monday morning, causing disruption for millions at the start of the working week in one of the biggest walkouts in decades as Europe’s largest economy reeling from inflation. The 24-hour strikes, called by the Verdi union and …
Biggest strike in decades brings Germany to a standstill Read More »
BERLIN/FRANKFURT, March 27 (Reuters) – A massive strike in Germany was due to begin early on Monday, paralyzing mass transit and airports in one of the biggest work stoppages in decades, as Europe’s biggest economy reels from rising inflation. In the hours leading up to the strike, both sides dug in, with union bosses warning …
In inflation-stricken Germany, massive strike over wages to paralyze transport Read More »
KABUL, March 27 (Reuters) – Sofia in Kabul uses her laptop to log into an online English class offered by one of a growing number of educational institutions trying to reach Afghan girls and women digitally from home. women. But when the teacher asked Sofia to read a passage, her computer screen froze. “Can you …
Afghan girls struggle with poor internet as they switch to online classes Read More »
