Economic News

SYDNEY (Reuters) – Britain’s air force chief says it was “unacceptable” its former pilots were being recruited to train Chinese military, and intelligence agencies in Australia and Britain had shared information to warn pilots against working for Beijing.

BUENOS AIRES (Reuters) – Large swathes of Argentina were left without power on Wednesday afternoon after blackouts in the national grid due to a fire, officials said, as the country endures a major heat wave that has increased energy demand.

By Andrea Shalal WASHINGTON (Reuters) – U.S. President Joe Biden’s pick to head the World Bank, ex-Mastercard CEO Ajay Banga, met on Wednesday with executive directors at the bank as he launched a “charm offensive” to win the post, sources familiar with the plans said.

By Joe Skipper and Steve Gorman CAPE CANAVERAL, Florida (Reuters) – Elon Musk’s rocket company SpaceX was ready to try again at sending NASA’s next long-duration crew of the International Space Station to orbit on Thursday, about 72 hours after a first attempt was scrubbed due

(Reuters) – American Eagle Outfitters on Wednesday topped analysts’ estimates for quarterly revenue, as consumers returning to work and social events thronged its stores for buying apparel and accessories despite stubbornly high inflation.

SAO PAULO (Reuters) -Brazilian meatpacker Marfrig Global Foods SA on Wednesday posted a fourth-quarter net loss of 628 million reais ($121 million), falling below estimates of a net profit for the quarter, dragged by deteriorating earnings from North America.

By John Kruzel and Andrew Chung WASHINGTON (Reuters) – The skepticism expressed by conservative U.S. Supreme Court justices toward President Joe Biden’s move to forgive $430 billion in student debt not only cast doubt on the plan’s fate but also signaled trouble ahead for the use

NEW YORK (Reuters) – A U.S. judge on Wednesday dismissed a lawsuit accusing Bristol Myers Squibb Co of defrauding investors who stood to receive $6.4 billion had it won federal approval by specified deadlines for drugs developed by the former Celgene Corp.

By David Shepardson WASHINGTON (Reuters) – A leading U.S. Senate Democrat on Wednesday said Denver International Airport CEO Phil Washington has what it takes to “move a big bureaucracy” as the Federal Aviation Administration (FAA) looks to improve aviation safety, but Republicans questioned his limited aviation

WASHINGTON (Reuters) – A majority of Canadians want Prime Minister Justin Trudeau to take a stronger stance in the face of alleged election interference by China and other recent security concerns, according to a poll released on Wednesday.

By David Shepardson WASHINGTON (Reuters) – Norfolk Southern Chief Executive Alan Shaw has agreed to testify before the Senate Environment and Public Works Committee next week on a Feb. 3 Ohio train derailment, a person briefed on the matter said.

McLEAN, Virginia (Reuters) – An extensive U.S. intelligence community investigation has concluded it was “very unlikely” a foreign adversary was responsible for the “Havana syndrome” ailments that have afflicted U.S. diplomats and intelligence officers worldwide, according to declassified findings released on Wednesday.

WASHINGTON (Reuters) – The U.S. House Foreign Affairs Committee voted on Wednesday to give President Joe Biden the power to ban Chinese-owned social media app TikTok and other apps.

By Nathan Layne (Reuters) – Closing arguments are set to start on Wednesday in the trial of Richard “Alex” Murdaugh, the now-disbarred South Carolina lawyer charged with gunning down his wife and son in a complex and grisly case that has garnered international attention.

(Reuters) – Ukrainians survived the past winter thanks to government efforts to ensure energy and heat, but Russia still poses a threat to the generating system, President Volodymyr Zelenskiy said on Wednesday.

SANTIAGO (Reuters) – Scientists have found a previously undiscovered moai on Easter Island, uncovering the large stone statue in a dry lake bed on the tiny, remote island in the middle of the Pacific.

WILMINGTON, Delaware (Reuters) – McDonald’s Corp’s board cannot be sued for allowing former CEO Steve Easterbrook to keep tens of millions of dollars when the restaurant chain fired him for having a relationship with an employee, a Delaware judge ruled on Wednesday.

By Andrea Shalal WASHINGTON (Reuters) – The United States will consider “all options,” including a formal trade dispute panel, unless Mexico addresses Washington’s concerns over Mexico’s plan to limit imports of genetically modified corn, a senior U.S. trade official said on Wednesday.

MEXICO CITY (Reuters) – The Bank of Mexico said on Wednesday that inflation is taking longer than initially anticipated to return to its target, in large part due to the persistence of core inflation.

By Trevor Hunnicutt and Michael Martina WASHINGTON (Reuters) – The United States is sounding out close allies about the possibility of imposing new sanctions on China if Beijing provides military support to Russia for its war in Ukraine, according to four U.S. officials and other sources.