LONDON (Reuters) – People in Russia’s Belgorod region were being asked to work and study from home again on Friday – this time not because of the coronavirus pandemic but because of the eight-month-old war in neighbouring Ukraine. When President Vladim…
Fed’s rate debate shifts to how, and when, to slow down
By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve, set to approve another large interest rate increase early next month, is shifting to a debate over how much higher it can safely push borrowing costs and how and when to slow the pace of f…
Florida man’s voter fraud charges dismissed in blow to DeSantis
By Joseph Ax NEW YORK (Reuters) – One of the 20 people arrested for voting illegally as part of Florida Governor Ron DeSantis’ effort to crack down on voter fraud had his charges dismissed on Friday. A Miami state judge threw out the case against Rober…
Fed’s Daly says it’s time to start talking about slowing rate hikes
By Ann Saphir (Reuters) – The U.S. central bank should avoid putting the economy into an “unforced downturn” by raising interest rates too sharply, and it’s time to start talking about slowing the pace of the hikes in borrowing costs, San Francisco Fed…
Yellen says inflation not ’embedded’ in U.S. economy, research to boost capacity
By David Lawder HERNDON, Va. (Reuters) – U.S. Treasury Secretary Janet Yellen said on Friday that inflation was not becoming “embedded” in the U.S. economy and domestic investments in semiconductors and research would help increase U.S. productive capa…
Trump summoned to testify to U.S. Jan 6 riot panel, provide documents
By Patricia Zengerle WASHINGTON (Reuters) -Former President Donald Trump was issued an order on Friday to testify under oath and provide documents to the House of Representatives committee investigating the Jan. 6, 2021, attack on the U.S. Capitol by h…
U.S. carriers add transatlantic flights for travel-hungry consumers
By Rajesh Kumar Singh CHICAGO (Reuters) – U.S. carriers including Delta Air Lines and United Airlines are betting big on American consumers’ unquenched thirst for travel across the Atlantic by adding more flights to Europe. U.S. airlines are responding…
Biden predicts midterms will shift back toward Democrats
By Jeff Mason WASHINGTON (Reuters) – President Joe Biden expressed confidence on Friday that momentum would shift back in favor of Democrats for the November midterm elections, despite polls favoring Republicans in races that will determine which party…
Trump ally Barrack to testify in own defense at ‘foreign agent’ trial
By Luc Cohen NEW YORK (Reuters) -Tom Barrack, a onetime fundraiser for former U.S. President Donald Trump, is expected to take the witness stand in his own defense next week in his trial on charges of being an illegal foreign agent for the United Arab …
Analysis-U.S. Republicans aim at Ukraine aid but unlikely to block it
By Patricia Zengerle WASHINGTON (Reuters) – U.S. Republicans will have the power to block aid to Ukraine if they win back control of Congress, but they are more likely to slow or pare back the flow of defense and economic assistance than stop it, analy…