World Trade

The World Bank lowers its prediction for global growth to 2.9% and warns of the risk of “stagflation.”

Washington:  the World Bank cut its growth forecast for the world by almost a third, to 2.9% for 2022. It…

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Leave post-Brexit shift in euro clearing to markets, industry warns EU

London (Reuters) – Relocating euro clearing from London to the European Union must be “market-led” rather than forced, with the…

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Spirit Airlines’ bidding war heats up, and JetBlue’s offer becomes more appealing.

On Monday, JetBlue Airways Corp. (JBLU.O) worked on its offer for Spirit Airlines Inc. (SAVE.N) on Monday. This raised the…

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The Thai central bank will hold rates until the end of 2022, despite growing calls for an earlier hike. Reuters poll

Bangalore (Reuters) – In order to support economic recovery, Thailand’s central bank will maintain record-low interest rates for the remainder…

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According to China, Canadian military planes conducted more spying and provocations.

Beijing (Reuters) – On Monday, China’s defence ministry said that Canadian military jets have been doing more reconnaissance and provocation…

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Column-ECB rate pledge prompts hedge funds to make risky euro bets:

(Reuters) – ORLANDO, Fla.The European Central Bank seems ready to start raising interest rates next month, giving hedge funds a…

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As war sparks trade tensions, the WTO tries to make deals on fish and vaccines.

BRUSSELS/GENEVA (Reuters) -This month, the World Trade Organization will bring together ministers from all over the world to try to…

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Elon Musk wants to get rid of 10% of the jobs at Tesla.

SAN FRANCISCOElon Musk, CEO of Tesla (TSLA.O), said in emails seen by Reuters that he has a “super bad feeling”…

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If Spirit is turned down, Frontier will have to pay a $250 million fee.

Soul said that controllers probably wouldn’t agree to a deal with JetBlue. In case regulators don’t approve of the deal,…

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The Fed keeps raising rates quickly because the U.S. job market is strong.

WashingtonIn May, U.S. employers hired more people than expected and kept up a fairly strong rate of wage increases. These…

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