Nikki Haley, once Trump’s UN ambassador, to take him on in 2024

WASHINGTON, Feb 1 (Reuters) – Former South Carolina Governor Nikki Haley will kick off her campaign for the 2024 Republican presidential nomination this month, squaring off against her one-time boss, former President Donald Trump, two sources familiar with her plans said on Wednesday. The move would make her just the second declared Republican candidate and … Read more

US labor cost growth smallest in a year

Employment cost index rises 1.0% in fourth quarter Wages, salaries increase 1.0%; up 5.1% year-on-year Consumer confidence index drops to 107.1 in January House price inflation slows further in November WASHINGTON, Jan 31 (Reuters) – US labor costs increased at their slowest pace in a year in the fourth quarter as wage growth slowed, giving … Read more

France hit by new wave of strikes against Macron’s pension reform

Reform would raise retirement age to 64 Schools, transport networks, refinery deliveries hit Macron: Reform vital to ensure viability of pension system SAINT-NAZAIRE, France, Jan 31 (Reuters) – Striking workers disrupted French refinery deliveries, public transport and schools on Tuesday in a second day of nationwide protests over President Emmanuel Macron’s plan to make people … Read more

Goldilocks is back! Markets start 2023 in red-hot form

LONDON, Jan 31 (Reuters) – From stocks to government bonds, markets have had one of their best starts to the year in decades but whether the run lasts depends on a Goldilocks scenario of easing inflation, economic growth holding up and borrowing costs falling. After $14 trillion was wiped off world shares in 2022, $4 … Read more

UK PM Sunak sacks party chairman Zahawi over tax affairs

Zahawi found not to have been open about tax probe Independent adviser finds serious breaches of code Investigation into Deputy PM ongoing Scandal damages PM Sunak’s attempted reset LONDON, Jan 29 (Reuters) – British Prime Minister Rishi Sunak sacked Conservative Party chair Nadhim Zahawi on Sunday after an investigation found he committed a serious breach … Read more

US inflation roller coaster prompts fresh look at long-ignored money supply

NEW YORK, Jan 26 (Reuters) – The amount of money sloshing around the US economy shrank last year for the first time on record, a development that some economists believe bolsters the case for US inflation pressures continuing to abate. The Federal Reserve’s main measure of the nation’s money stock – known as M2 money … Read more

Strong US economic growth expected in fourth quarter, outlook darkening

Fourth-quarter GDP forecast to increase at a 2.6% rate Strong consumer spending seen; other sectors to contribute Weekly jobless claims expected to rise moderately WASHINGTON, Jan 26 (Reuters) – The US economy likely maintained a strong pace of growth in the fourth quarter as consumers boosted spending on goods, but momentum appears to have slowed … Read more

Meta to reinstate Donald Trump’s Facebook and Instagram accounts

Jan 25 (Reuters) – Meta Platforms Inc (META.O) said Wednesday it will reinstate former US President Donald Trump’s Facebook and Instagram accounts in the coming weeks, following a two-year suspension after the deadly Capitol Hill riot on January 6, 2021. The restoration of his accounts could provide a boost to Trump, who announced in November … Read more

Two energy giants, two green projects: one double-booking in the North Sea

BP and Orsted clash over ‘Overlap Zone’ Carbon capture project vies with wind farm Conflict could undermine UK climate goals Similar disputes could loom in the North Sea LONDON, Jan 24 (Reuters) – Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting … Read more

Lab-grown meat moves closer to American dinner plates

WASHINGTON, Jan 23 (Reuters) – Once the stuff of science fiction, lab-grown meat could become reality in some restaurants in the United States as early as this year. Executives at cultivated meat companies are optimistic that meat grown in massive steel vats could be on the menu within months after one company won the go-ahead … Read more