Provoking EU, UK sets out new law to fix post-Brexit Northern Ireland trade

New law effectively overrides parts of EU deal Envisages green channels, tax and governance changes EU says will act if UK moves ahead with bill LONDON, May 17 (Reuters) – Britain set out steps on Tuesday to try to break the deadlock with the European Union on trade with Northern Ireland, lining up a new … Read more

Strong US retail sales, manufacturing output boost economic outlook

Retail sales increase 0.9% in April March retail sales gain increased to 1.4% from 0.5% Core retail sales up 1.0%; March revised to show 1.1% gain Manufacturing production increases 0.8% in April WASHINGTON, May 17 (Reuters) – US retail sales rose strongly in April as consumers bought more motor vehicles amid an improvement in supply … Read more

Ukraine counter-attacks Russian forces in the east

NATO chief says Russian offensive not going to plan Russia’s Donbas campaign has lost momentum – British military Finland confirms bid for NATO membership RUSKA LOZOVA, Ukraine, May 16 (Reuters) – Ukraine counter-attacked Russian forces on the eastern front on Monday with fighting reported near its second-largest city of Kharkiv, after Western military agencies said … Read more

EXCLUSIVE Top EU official backs multi-trillion plan to rebuild Ukraine

Rebuilding Ukraine will cost trillions of euros – top EU banks EIB chief Hoyer calls for Marshall-style Plan for Ukraine Urges West and its banks to underwrite Ukraine finances BRUSSELS, May 11 (Reuters) – A top European official has backed a multi-trillion-euro “Marshall” -style plan to rebuild Ukraine, pledging the firepower of the EU lending … Read more

Russia unleashes rockets after Mariupol ceasefire, EU eyes oil sanctions

Russian rockets pound parts of eastern and southern Ukraine Western powers pledge heavier weapons to boost Ukraine defenses ‘This is Ukraine’s finest hour,’ UK’s Johnson says, echoing Churchill ZAPORIZHZHIA, Ukraine, May 3 (Reuters) – Russia launched an assault on the encircled Azovstal steel works in Mariupol, Ukraine’s last redoubt in the port city, after a … Read more

US manufacturing activity slowest in more than 1-1 / 2 years as workers quit

An employee works on an assembly line at startup Rivian Automotive’s electric vehicle factory in Normal, Illinois, US April 11, 2022. Picture taken April 11, 2022. REUTERS / Kamil Krzaczynski Register now for FREE unlimited access to Reuters.com Register ISM manufacturing index falls to 55.4 in March Manufacturers report increase in workers quitting Mixed signals … Read more

US consumers shrug off high inflation, lean on savings to boost spending

Shoppers browse in a supermarket in north St. Louis, Missouri, US April 4, 2020. REUTERS / Lawrence Bryant / File Photo Register now for FREE unlimited access to Reuters.com Register Consumer spending increases 1.1% in March PCE price index jumps 0.9%; up 6.6% year-on-year Core PCE gains 0.3%; increases 5.2% year-on-year Employment cost index surges … Read more

China signals easing of tech squeeze in bid to lift economy

People wearing face masks walk past a street amid snowfall, following the coronavirus disease (COVID-19) outbreak, at a shopping area in Beijing, China March 17, 2022. REUTERS / Tingshu Wang Register now for FREE unlimited access to Reuters.com Register BEIJING / HONG KONG, April 29 (Reuters) – China signaled an easing of its crackdown on … Read more

US economy shrinks in first quarter; trade, inventories mask underlying strength

First-quarter GDP declines at 1.4% rate Inventories, trade mask underlying economic strength Business investment surges; consumer spending strong Weekly jobless claims fall 5,000 to 180,000 WASHINGTON, April 28 (Reuters) – The US economy unexpectedly contracted in the first quarter amid a resurgence in COVID-19 cases and drop in pandemic relief money from the government, but … Read more

Wall Street tumbles, as European shares again retreat

Nasdaq closes at lowest since late 2020 World, European shares give back earlier gains China stocks fall further as Beijing races to battle COVID Dollar hits fresh 2-year peak on China COVID fears, Fed bets Graphic: Global asset performance WASHINGTON / MILAN, April 26 (Reuters) – US shares tumbled on Tuesday, with the Nasdaq posting … Read more