People are pictured on a beach as Hurricane Rick edges closer to Mexican coast north of Acapulco, Mexico October 24, 2021. REUTERS/Javier VerdinMEXICO CITY (Reuters) – The eye of Hurricane Rick came ashore on Mexico’s Pacific coast early on Monday,…
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Croatia's right-wing eurosceptics seek referendum on euro adoption
ZAGREB (Reuters) – Croatia’s conservative and eurosceptic party Hrvatski Suverenisti (Croatian Sovereignists) began a two-week drive on Sunday to collect signatures in a bid to force a referendum on whether to adopt the euro as the country’s currency.FILE PHOTO: Euro…
U.S. House votes for short-term debt ceiling fix, averting default
WASHINGTON (Reuters) -The Democratic-controlled U.S. House of Representatives gave final approval on Tuesday to legislation temporarily raising the government’s borrowing limit to $28.9 trillion, pushing off the deadline for debt default only until December.FILE PHOTO: An American flag flies outside…
Yellen says Congress will raise the debt ceiling in Dec. 3
FILE PHOTO: U.S. Treasury Secretary Janet Yellen answers questions during the Senate Appropriations Subcommittee hearing on Capitol Hill in Washington, D.C., U.S., June 23, 2021. Greg Nash/Pool via REUTERS/File PhotoWASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said that once…
U.S. factory orders increase solidly as manufacturing keeps humming
WASHINGTON (Reuters) -New orders for U.S.-made goods accelerated in August, pointing to sustained strength in manufacturing even as economic growth appeared to have slowed in the third quarter because of shortages of raw materials and labor.Slideshow ( 2 images )The…
Janet Yellen says she supports eliminating the debt limit.
Treasury Secretary Janet L. Yellen said on Thursday that the statutory debt limit should be abolished, arguing that the borrowing cap is “destructive” and poses unnecessary risks to the economy. The comments, made at a House Financial Services Hearing, came…
Exclusive-U.S. has reached out to China about cutting oil imports from Iran, officials say
WASHINGTON/PARIS (Reuters) – The United States has reached out to China diplomatically about reducing its purchases of Iranian crude oil, U.S. and European officials said on Tuesday, as Washington seeks to persuade Tehran to resume talks about reviving the 2015…
Transurban consortium to pay $8.1 billion for full control of Sydney tunnel network
(Reuters) – A consortium led by Australia’s Transurban Group will pay A$11.1 billion ($8.06 billion) for a near half stake of the country’s longest auto tunnel network, giving it full ownership of the asset and dominance of Sydney’s toll road…
U.S. carrier Breeze confirms buying 20 more Airbus A220 jets
WASHINGTON (Reuters) -Breeze Airways, the new U.S. carrier founded by entrepreneur David Neeleman, on Monday publicly unveiled an order for 20 more Airbus A220-330 aircraft as it looks to operate longer flights, confirming a Reuters report earlier this year.FILE PHOTO:…
Restaurant software firm Toast files for U.S. IPO
(Reuters) -Toast Inc filed for an initial public offering (IPO) on Friday, as the start-up that sells software to help restaurants with online ordering looks to cash in on the surge in demand for food delivery since the start of…