WASHINGTON, Dec 18 Reuters The U.S. Federal Reserve started 2023 on a grim note, with staffers calling a recession plausible, and policymakers penciling in growth near stall speed and rising unemployment as the costs of quashing inflation with rapidfire interest rate increases. But it ends with the Fed registering fasterthanexpected progress on inflation that occurred […]

Dec 18 Reuters Iranianbacked Houthi militants in Yemen have stepped up attacks on vessels in the Red Sea to show their support for Palestinian Islamist group Hamas fighting Israel in Gaza. The attacks, targeting a route that allows EastWest trade, especially of oil, to use the Suez Canal to save the time and expense of circumnavigating Africa, […]

LONDON, Dec 18 Reuters Britain will implement a new carbon import levy on some products from 2027 to help to protect businesses against cheaper imports from countries with less strict climate policies, the government said on Monday. The planned carbon border adjustment mechanism CBAM will apply to carbonintensive products in the iron, steel, aluminium, fertiliser, […]

Dec 18 Reuters Activist investor Carl Icahn said on Monday that he plans to oust directors at Illumina, signalling plans to mount a second board challenge at the genesequencing company only months after shareholders elected one of his director candidates. Icahn disclosed his plans without offering details in a letter to other shareholders less than […]

Dec 18 Reuters The European Union39;s law to guarantee a supply of minerals crucial for its green and digital transitions and to end its dependence on Chinese supply will enter force early next year after securing final approval this month. The Critical Raw Materials Act CRMA is designed to ensure Europe is a manufacturing base […]

BERLIN, Dec 18 Reuters German business morale unexpectedly worsened in December, the Ifo institute said on Monday after its latest survey also showed a decline in both expectations and current conditions. The Ifo institute said its business climate index stood at 86.4 versus the 87.8 forecasts by analysts in a Reuters poll, following a revised […]

KYIV, Dec 18 Reuters Difficulties with transport and logistics led to a 7 yearonyear drop in Ukraine39;s exports of agrarian products in the year to November, and also pushed up the cost of imported food, the National Institute of Agrarian Economics said on Monday. Food accounts for 60 of all exports from Ukraine, a major […]