Economic News

By Raphael Satter WASHINGTON (Reuters) – America’s cybersecurity watchdog has no confidence that the cellular network used by American first responders and the military is secure against digital intrusions, U.S. Senator Ron Wyden said in a letter released Wednesday.

(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Wednesday said that while U.S. economic strength, labor market tightness, and too high-inflation suggest there is “more work to do” on Fed rate hikes, other factors including tighter credit conditions could argue for a pause.

PARIS (Reuters) – LVMH, the world’s largest luxury company, reported a 17% rise in first-quarter sales, more than double analysts’ expectations, as China rebounded after COVID-19 lockdowns.

BUDAPEST (Reuters) – The United States is preparing to take action against some individuals including Hungarians over for evading Western sanctions imposed on Russia over the Ukraine war, a source familiar with the matter said on Wednesday.

By Joseph Ax (Reuters) – New York City’s unending war on rats has a new commanding general.

By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s inflation rate is expected to have clocked in at an eight-month high of 7.1% in March, according to a Reuters poll of analysts, piling pressure on the government as it looks to tame spiraling prices that have pushed

By Guy Faulconbridge MOSCOW (Reuters) – As many as 354,000 Russian and Ukrainian soldiers have been killed or injured in the Ukraine war which is grinding towards a protracted conflict that may last well beyond 2023, according to a trove of purported U.S. intelligence documents

By Noele Illien ZURICH (Reuters) – Swiss lawmakers resumed their debate over the rescue of Credit Suisse on Wednesday, after parliament’s two chambers failed to reach an agreement a day earlier.

By Mike Scarcella (Reuters) – A U.S. judge on Tuesday approved a $75 million settlement between Smithfield Foods Inc and a class of consumers who accused the pork producer of conspiring to restrict supply in order to keep prices artificially high.

By David Lawder WASHINGTON (Reuters) – French finance minister Bruno Le Maire said on Wednesday that France and Europe want to pursue an independent policy path from the United States and China, but intend to be “strong and reliable allies of the United States of America.”

By Gabriela Baczynska BRUSSELS (Reuters) – Three times as many people sought to reach the European Union across the Mediterranean in the first three months of 2023 compared to a year before, the bloc’s border agency said, as the U.N. migration arm decried the deadliest first

WASHINGTON (Reuters) – The U.S. military conducted a helicopter raid in eastern Syria late on Saturday and captured an Islamic State operative and two of his associates, the U.S. Central Command (CENTCOM) said in a statement on Wednesday.

By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Foreign investors are returning in numbers to Brazil’s public debt market, Treasury Secretary Rogerio Ceron told Reuters, just after local financial assets rallied since the government proposed new fiscal rules two weeks ago.

GENEVA (Reuters) – The United Nations Palestinian refugee agency on Wednesday called on the West Bank local staff union to end a strike, saying the stoppage was hindering access for hundreds of thousands of Palestinian refugees to basic services.

By Steve Scherer OTTAWA (Reuters) – The Bank of Canada on Wednesday is expected to keep rates on hold as inflation cools and because of stress in the global banking system, despite the fact that growth accelerated in the first quarter, analysts said.

By Jonathan Landay and Aleksandar Vasovic

By Emma Pinedo MADRID (Reuters) – A plan to legalise irrigation around the Donana wildlife reserve in southern Spain, one of Europe’s largest wetlands and a wintering location for migratory birds, has sparked an outcry in during a prolonged drought.

CAIRO (Reuters) – United Arab Emirates president Sheikh Mohammed bin Zayed arrived in the Egyptian capital, Cairo, on Wednesday, the UAE state news agency (WAM) reported.

By Kanishka Singh WASHINGTON (Reuters) – Republican U.S. Senator Tim Scott plans to launch a presidential exploratory committee on Wednesday, a key step toward running for president in 2024, The Post and Courier newspaper in South Carolina reported late on Tuesday, citing sources.

LONDON (Reuters) – British police have charged a man with four counts of manslaughter relating to an incident in December when a small boat carrying migrants from France to Britain capsized in freezing conditions.