Economic News

ISTANBUL (Reuters) – Ankara and Cairo will cooperate more closely regarding Libya, where they back opposing sides, Turkish Foreign Minister Mevlut Cavusoglu said on Thursday, marking another step in the rapprochement between the two regional powers.

LONDON (Reuters) – British finance minister Jeremy Hunt said on Thursday there was no room for complacency in tackling low growth and high inflation after data showed the economy stagnated in February, hurt by strikes among public workers.

By Lizbeth Diaz MEXICO CITY (Reuters) – The fire that led to the deaths of 40 people in a migrant detention center in northern Mexico marks a “good moment” to consider alternatives to depriving migrants of their freedom, a senior Red Cross regional officer said.

(Reuters) – Wells Fargo has named Saul Van Beurden as the chief executive officer of its consumer and small business banking (CSBB) unit, effective May 15, it said in a statement on Thursday.

WASHINGTON (Reuters) – The leader of an online group where secret U.S. government documents were leaked is an Air National Guardsman, the New York Times reported on Thursday, citing interviews and documents it reviewed.

BEIJING (Reuters) – China’s foreign ministry on Thursday announced sanctions against Michael McCaul, chairman of the U.S. House Foreign Affairs Committee, for “interfering” in the country’s domestic affairs and for visiting Taiwan.

NAIROBI (Reuters) – Kenya’s opposition alliance is prepared to negotiate with the government over electoral reforms and the high cost of living while also resuming protests, its leader Raila Odinga said on Thursday.

By David Shepardson WASHINGTON (Reuters) – The Federal Aviation Administration (FAA) on Thursday said it referred 17 unruly passengers to the FBI for criminal investigation this year, taking the total of such referrals for violent and threatening incidents onboard planes to more than 250 since

By Rupam Jain NEW DELHI (Reuters) – The head of Tibet’s government-in-exile on Thursday defended the Dalai Lama over footage of him asking a boy to suck his tongue, saying the incident had demonstrated the country’s spiritual leader’s innocent and affectionate side.

By Lisandra Paraguassu BRASILIA (Reuters) – Brazilian officials are offering fresh incentives including land for Chinese manufacturer BYD to build an electric car plant in Bahia state amid stalled talks to take over a closed Ford plant, said three people familiar with discussions in Shanghai on

By Stephen Nellis (Reuters) – Amazon.com Inc’s cloud computing division on Thursday released a suite of technologies aimed at helping other companies develop their own chatbots and image-generation services backed by artificial intelligence.

WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Thursday that the global economy has proven remarkably resilient to multiple shocks, but has yet to overcome a combination of weak growth and sticky inflation.

AMSTERDAM (Reuters) -The Dutch government on Thursday said it would support oil and gas company Shell in its efforts to reduce its CO2 and nitrogen emissions in the Netherlands in the coming years.

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits increased more than expected last week, a further sign that labor market conditions were loosening up as higher borrowing costs dampen demand in the economy.

WASHINGTON (Reuters) – The Biden administration is unveiling on Thursday nearly $300 million in funding from its signature infrastructure law for nine bridge projects across the country, officials said.

By Omar Younis NASHVILLE, Tennessee (Reuters) – Tennessee state Representative Justin Pearson is due to be sworn in on Thursday after he was reappointed to the statehouse from which he and another Democratic colleague were expelled for leading a gun protest on the House floor.

PARIS (Reuters) – Very low groundwater levels have put France on course for a worse summer drought than last year, mainly in the southern part of the country which had been ravaged by massive wildfires, French geological service BRGM said on Thursday.

By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp paid Chief Executive Darren Woods $35.9 million last year, a 52% increase from a year before, according to securities filings released on Thursday.

PRAGUE (Reuters) – A Slovak court said on Thursday it had convicted national bank governor and European Central Bank (ECB) policymaker Peter Kazimir in a bribery-related case and fined him 100,000 euros ($110,200).

DUBLIN (Reuters) – U.S. President Joe Biden said on Thursday that investigators were closing in on the source of the leak of highly classified intelligence documents, in what is believed to be the most serious security breach in a decade.