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A view shows the European Central Bank (ECB) building, on the day of the monthly news conference following the ECB's monetary policy meeting in Frankfurt, Germany, September 14, 2023.

ECB can cut rates and should rethink how it sets policy, Wunsch says

Reuters |Updated 14 minutes ago |2 min read

FRANKFURT (Reuters) - The European Central Bank can press ahead with interest rate cuts this year but needs to rethink how it forecasts inflation and sets policy based on these projections, Belgian policymaker Pierre Wunsch said on Wednesday. The ...

Cars are seen along Brasil Avenue, one of the main roads in the city during a period of social isolation, amid the coronavirus disease (COVID-19) outbreak, in Rio de Janeiro, Brazil, April 14, 2020.

Brazil auto sales, production jump in April

Reuters |Updated 15 minutes ago |1 min read

SAO PAULO (Reuters) - Brazil's automakers' association Anfavea said on Wednesday that sales of new vehicles in the country rose 17.6% in April from the previous month to 220,842 units. Auto production in the month totalled 222,115 vehicles, up ...

A person carries a flag with the patch from the United Auto Workers (UAW) labor union during a May Day rally for media workers held by The NewsGuild of New York on International Workers' Day in Manhattan, New York City, New York, U.S., May 1, 2021.

Mercedes rejects claims it prevented unionising at US plant

Reuters |Updated 22 minutes ago |1 min read

BERLIN (Reuters) - German premium carmaker Mercedes-Benz on Wednesday rejected claims that it has been trying to prevent the formation of a union at its Alabama plant. The group "respects the decision of the employees to establish a trade union ...

The evening sun sets over the skyline near Khreshchatyk Street in Kyiv, amid Russia’s attack on Ukraine, March 29, 2024.

Explainer-Ukraine races against the clock to secure debt restructuring

Karin Strohecker |Updated 24 minutes ago |4 min read

By Karin Strohecker LONDON (Reuters) - Ukraine is pushing to secure a debt restructuring before a two-year payment freeze agreed by holders of its $20 billion of outstanding international bonds expires at the end of August. Russia's full-scale ...

The logo and trading information for Wells Fargo are displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 14, 2016.

Wells Fargo names Fernando Rivas as co-CEO of corporate and investment banking

Reuters |Updated 25 minutes ago |1 min read

(Reuters) - Wells Fargo on Wednesday named Fernando Rivas as the co-CEO of corporate and investment banking (CIB). (Reporting by Manya Saini in Bengaluru; Editing by Krishna Chandra Eluri)

Rick Porter and his wife, Jane Porter, run Avalon Laundry in Mount Pearl and St. John's. The location in St. John's opened April 24, 2024. and is the largest laundromat in Newfoundland. - Cameron Kilfoy/The Telegram

Demand for more laundry service options in St. John's leads owner of Avalon Cleaning and Restoration to open largest laundromat in Newfoundland

Cameron Kilfoy |Updated 37 minutes ago |6 min read Premium content

Three years ago, people started coming to Rick Porter with a very specific problem: washing machines. “Whether it be, their machine broke down or they're waiting on parts,” said Porter, who is the owner of Avalon Cleaning and Restoration. “There were ...

The Great Atlantic Salt Project at St. George’s will use continuous mining equipment like the machinery pictured to extract salt from the underground deposit. Contributed/Atlas Salt

What lies beneath: N.L. town, company elated about prospects of salt mine in the works for St. George’s

Gary Kean |Updated 47 minutes ago |7 min read Premium content

He’s the town’s mayor these days, but Conrad White remembers people mentioning a salt deposit in and around St. George’s when he was a kid. Decades ago, an oil company reportedly drilled in the area in search of oil but left after finding only salt ...

SpaceX logo and Elon Musk silhouette are seen in this illustration taken, December 19, 2022.

SpaceX's unit Starlink secures Indonesia operating permit 

Reuters |Updated 2 minutes ago |1 min read

JAKARTA (Reuters) - The satellite unit of Elon Musk's SpaceX, Starlink, has secured a permit to operate in Indonesia, its communications minister told Reuters on Wednesday.  Starlink had obtained a permit to operate as an internet service ...

SaltWire

Poland says it was targeted by hacking attack from Russia-linked group APT28

Reuters |Updated 2 minutes ago |1 min read

WARSAW (Reuters) - Poland was targeted by a hacking attack from Russia-linked group APT28 this week, the state-run National Research Institute (NASK) said on Wednesday. (Reporting by Alan Charlish, Pawel Florkiewicz)

A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023.

Intel flags revenue hit as U.S. revokes certain export licenses to Chinese customer

Reuters |Updated 2 minutes ago |1 min read

(Reuters) - Chipmaker Intel said on Wednesday the U.S. Department of Commerce was revoking certain export licenses for its consumer-related items to a customer in China, a move that would impact its second-quarter revenue. Intel did not disclose ...

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