Economic News

BLANTYRE (Reuters) – The death toll from Cyclone Freddy has risen sharply to more than 1,000 people, Malawi President Lazarus Chakwera said on Wednesday, as the southern African nation continues to recover from one of the deadliest storms to hit the continent in the last two

BRUSSELS (Reuters) – The United States and the European Union need to produce clear results next month from their forum on trade and technology and forge closer ties on green products and technology, European Trade Commissioner Valdis Dombrovskis said on Wednesday.

WASHINGTON (Reuters) – Former U.S. President Donald Trump accused French President Emmanuel Macron of pandering to China’s leader Xi Jinping during his recent closely watched visit to Beijing.

OTTAWA (Reuters) – The Bank of Canada on Wednesday increased its 2023 growth forecast to 1.4%, up from the 1.0% it predicted in January, and indicated it saw less risk of a recession this year.

(Reuters) – The European Central Bank needs to keep raising interest rates and the inflation outlook alone would warrant another 50 basis point increase in May, Austrian Central Bank chief Robert Holzmann told a German newspaper.

(Reuters) – Russia on Wednesday hit 333 Canadian officials and public figures with sanctions in what it said was a tit-for-tat move in response to Canadian sanctions on Moscow and support for Ukraine.

(Reuters) – Warren Buffett on Wednesday said people should not be panicked about the banking industry or the safety of U.S. bank deposits, despite the recent failures of Silicon Valley Bank and Signature Bank.

(Reuters) – Traders of futures tied to the Federal Reserve’s policy rate on Friday were less sure the U.S. central bank will raise its benchmark rate any further after the government reported March consumer prices rose less than expected.

By Huw Jones LONDON (Reuters) – European Union plans, due next week, will seek to speed up handling of failing banks to ensure they are not bailed out by taxpayers but “bailed in” using their own resources, EU documents seen by Reuters showed.

KYIV (Reuters) -Ukraine’s defence minister said on Wednesday the alleged Pentagon document leaks contain a mixture of true and false information about his country’s military, but he downplayed its negative impact.

By James Mackenzie JERUSALEM (Reuters) – Israeli police will curb the number of worshippers in the Church of the Holy Sepulchre in Jerusalem for safety reasons during Orthodox Easter ceremonies on Saturday, drawing anger from church leaders who said they would not cooperate.

(Reuters) – Alphabet Inc’s self-driving technology unit Waymo said on Wednesday that some of its vehicles in San Francisco encountered dense fog and briefly pulled over to the side of the road.

NEW DELHI (Reuters) – India’s annual retail inflation eased to 5.66% in March from 6.44% the previous month, government data showed on Wednesday.

WASHINGTON (Reuters) – The U.S. Consumer Price Index data for March shows persistent above-target inflation pressures, “validating” the International Monetary Fund’s emphasis on continuing to fight inflation at IMF and World Bank Spring Meetings this week, IMF Fiscal Affairs Director Vitor Gaspar said.

BEIRUT (Reuters) – Syria and Tunisia will reopen their respective embassies, the two countries said on Wednesday, almost a decade after Tunis severed ties to protest at a deadly crackdown on protesters opposed to Syrian President Bashar al-Assad.

NEW YORK (Reuters) – U.S. consumer prices barely rose in March as the cost of gasoline declined, but stubbornly high rents kept underlying inflation pressures simmering, likely ensuring that the Federal Reserve will raise interest rates again next month.

AMSTERDAM (Reuters) – A protester running towards French President Emmanuel Macron during his visit to the Netherlands on Wednesday had to be bundled to the ground by security officers.

LONDON (Reuters) – The Scottish Government on Wednesday said it would seek a judicial review of the British government’s decision to block a proposed Scottish law that makes it easier for people to change their legal gender.

By Huw Jones LONDON (Reuters) – Board members at banks have urgent questions to answer about basic risk management following recent turmoil, the head of a global banking standards committee said on Wednesday, but said regulators should not rush into remedial action.

By Stephen Nellis (Reuters) – Intel Corp on Wednesday said its chip contract manufacturing division will work with U.K.-based chip designer Arm Ltd to ensure that mobile phone chips and other products that use Arm’s technology can be made in Intel’s factories.