(Reuters) -Britain’s new car market witnessed its best year since the COVID-19 pandemic as easing supply chain issues helped fulfil pent-up demand for fleet vehicles, an industry body said on Friday. Final data from the Society of Motor Manufacturers and Traders (SMMT) showed that 1.9 million vehicles were sold in 2023, an increase of 17.9% …
UK records best year for new car sales since the pandemic – SMMT Read More »
By Susan Heavey WASHINGTON (Reuters) – Donald Trump met with the head of the Teamsters on Wednesday and made plans to meet with rank-and-file members later this month as he seeks the 2024 Republican presidential nomination, the former president and the union said in statements. Sean O’Brien, president of the International Brotherhood of Teamsters, and …
Teamsters chief, Trump meet as union weighs 2024 presidential race Read More »
By Gram Slattery and James Oliphant SIOUX CITY, Iowa (Reuters) -A school shooting in Iowa, where Republican nominating contests begin next week for the U.S. presidential election, prompted prayers from among those wanting to be the party’s candidate, but elicited no substantial policy proposals among the top contenders. The incident saw a sixth-grade student killed …
In Iowa, school shooting prompts Republican prayers, while Trump campaigns by proxy Read More »
By Nidhi Verma NEW DELHI (Reuters) -India paid an average of $85.42 per barrel for Russian oil in November, the highest since the Group of Seven (G7) advanced economies imposed a price cap of $60 per barrel to cut Moscow’s revenue, preliminary government data shows. India paid 1.4% more for Russian oil in November compared …
Russian November oil price for India hit 12-mth high Read More »
(Corrects paragraph 18 to say no funding cuts to Pell Grants instead of a $1,000 cut.) By Richard Cowan WASHINGTON (Reuters) – When Charla Plaines saw the toll lead paint took on her granddaughter, she was able to get the hazardous substance scrubbed from her home thanks to a federally funded program that Republicans in …
Black Americans would feel the sting of Republican budget cut proposals Read More »
By David French (Reuters) -The S&P 500 and Nasdaq Composite closed lower on Thursday, extending their losing streak that kicked off 2024, although the Dow Jones Industrial eked out a win on the back of financial stocks and strong jobs data. For the S&P 500, this is the worst start to a year since it …
S&P, Nasdaq extend year-start skid to three; Dow higher on financials Read More »
WASHINGTON (Reuters) – U.S. House of Representatives Republicans are working to rein in government spending in ways that would affect many federal social programs and could have a disproportionate impact on Black Americans. Here is a rundown on some of House Republicans’ spending proposals that will be discussed as Congress attempts to avert a partial …
How US House Republican-proposed spending cuts would hit Black Americans Read More »
By Samuel Shen and Vidya Ranganathan SHANGHAI/SINGAPORE (Reuters) -China’s local government financing vehicles (LGFVs) are repaying their bonds early at the fastest pace since 2018, taking advantage of a Beijing-backed debt swap programme aimed at slashing localities’ borrowing costs. The redemptions have jumped since October, when Beijing allowed local governments to issue special refinancing bonds, …
China’s local governments face opposition to early debt redemptions Read More »
By Herbert Lash NEW YORK (Reuters) – Bonds sold off and global equity markets failed to fully shake off New Year blues on Thursday after U.S. unemployment data indicated a resilient labor market, tempering expectations of Federal Reserve interest rate cuts in 2024. The yield on 10-year Treasuries jumped above 4% in a sharp reversal …
Global stocks stumble as yields rise on tight US labor market Read More »
By Sherin Elizabeth Varghese (Reuters) – Gold held steady on Thursday after four sessions of decline as investors braced for the U.S. non-farm payrolls data that could influence the Federal Reserve’s interest-rate path, while palladium prices slipped on a dim long-term demand outlook. Spot gold edged up 0.2%, to $2,044.39 per ounce by 2:50 p.m. …
Gold gets a breather as US payrolls loom; palladium slips Read More »
