Reuters USA

HOUSTON – The Biden administration’s climate law, which provides hundreds of billions of dollars in clean energy incentives to fight global warming, won’t be fully effective without permitting reform, executives told the CERAWeek energy conference on Monday. U.S. President Joe Biden last year approved the Inflation Reduction Act (IRA), which extends tax credits to wind, …

Biden climate law will stumble without permitting reform, industry warns Read More »

By Nate Raymond BOSTON (Reuters) – A social media influencer and self-proclaimed con artist pleaded guilty on Monday to fraudulently obtaining more than $1 million in COVID-19 pandemic-related loans from the U.S. government that she used to bankroll a lavish lifestyle that she flaunted on Instagram. Danielle Miller, whose scams in this and other cases …

Social media influencer admits to $1 million U.S. pandemic loan fraud Read More »

By David Shepardson WASHINGTON (Reuters) – Two U.S. senators said on Monday their efforts to tackle foreign technology threats were advancing and they will on Tuesday unveil legislation aimed at granting President Joe Biden’s administration new powers to ban Chinese-owned video app TikTok and other apps that could pose security risks. A White House spokeswoman …

Push to give Biden new powers to ban TikTok moves ahead in Congress Read More »

By Joe Cash BEIJING (Reuters) -China likely again exported and imported less in January-February than a year earlier, backing policymakers’ fears that a slowing global economy could drag on growth at home, a Reuters poll showed on Monday. Data for the period January-February are expected to show a 9.4% fall in exports from a year …

China Jan-Feb trade likely contracted again as global economy slowed Read More »

SYDNEY (Reuters) – Bank of America Chief Executive Officer Brian Moynihan said on Tuesday the U.S. economy would reach a technical recession starting in the third quarter. Moynihan told The Financial Review’s Business Summit in Sydney a U.S. recession would not be deep and the bank forecast interest rates would start falling in the second …

Bank of America CEO sees U.S. technical recession in 3rd qtr Read More »

SEOUL (Reuters) – South Korea’s economy contracted 0.4% in the fourth quarter from a quarter earlier, revised central bank data showed on Tuesday, matching its advance estimate released in January. The contraction followed 0.3% growth in the third quarter and marked the first quarterly fall since the second quarter of 2020. By expenditure, private consumption …

South Korea revised Q4 GDP -0.4% q/q, matching earlier estimate Read More »

By Nate Raymond and David Shepardson BOSTON (Reuters) – A United Airlines passenger has been arrested after trying to open an emergency exit door during a flight on Sunday from Los Angeles to Boston and then trying to stab a flight attendant in the neck, U.S. prosecutors said on Monday. Passengers tackled Francisco Severo Torres, …

United Airlines passenger tried to stab flight attendant, U.S. prosecutors say Read More »