Author: The Gazette
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Economists see stronger US growth, but weak job gains and stickier inflation
By Howard Schneider WASHINGTON (Reuters) -Surging business investment is expected to offset weaker growth in consumption and global trade and keep the U.S. economy growing near trend, according to a National Association for Business Economics survey, though slow job growth, higher unemployment and stickier inflation will mar the outlook. The Trump administration’s new import taxes…
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Senate Republicans face states’ healthcare concerns in high-stakes shutdown standoff
By Bo Erickson, Richard Cowan and Nolan D. McCaskill WASHINGTON (Reuters) -A handful of U.S. Senate Republicans are wrestling with the impending expiration of health insurance subsidies that are the primary sticking point in the government shutdown standoff that entered its 13th day on Monday. The lawmakers have not voted in favor of a proposal…
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JPMorgan to invest up to $10 billion in US national security as part of $1.5 trillion pledge
By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase announced plans on Monday to hire bankers and invest up to $10 billion in U.S. companies critical to national security and economic resilience as part of a broader $1.5 trillion pledge. The 10-year initiative aims to facilitate, finance and invest in industries central to the growth of…
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Airlines face $11 billion supply chain hit in 2025, IATA says
By Tim Hepher and Joanna Plucinska PARIS/LONDON (Reuters) -Global airlines face more than $11 billion in extra costs from supply chain disruption this year, a leading industry group said on Monday, in a report likely to rekindle debate over competition in the $250-billion aerospace industry. The study by the International Air Transport Association, produced with…
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Wall Street ends sharply higher on Trump China comments; Broadcom surges
(Refiles to fix format of hyperlinks and garbled text in pargraphs 6 and 7) By Sukriti Gupta and Noel Randewich (Reuters) -Wall Street’s main indexes ended sharply higher on Monday, led by gains in Broadcom and other chipmakers, after President Donald Trump struck a conciliatory tone about renewed U.S.-China trade tensions, easing investor worries. Lifting…
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Trio win Nobel economics prize for work on innovation, growth and ‘creative destruction’
(Refiles to fix dropped quotation mark in paragraph 27) By Johan Ahlander, Jonathan Allen and Simon Johnson STOCKHOLM (Reuters) -Joel Mokyr, Philippe Aghion and Peter Howitt won the 2025 Nobel economics prize on Monday for their work on how innovation and the forces of “creative destruction” can drive economic growth and lift living standards across…
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India, US to hold trade talks as New Delhi seeks higher energy imports
By Manoj Kumar NEW DELHI (Reuters) -India and the United States are set to hold trade talks this week, with New Delhi pledging to import U.S. energy and gas as it aims to address Washington’s concerns over its Russian oil purchases, an official said. Talks were suspended briefly in August after the Trump administration announced…
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India and Canada agree on new roadmap for relations
NEW DELHI (Reuters) -India and Canada agreed on Monday on a new roadmap for their relations after talks between their foreign ministers in New Delhi, as both countries seek to mend ties strained over the killing of a Canadian Sikh separatist. The two countries, both of which are looking to diversify trade away from the…
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Hamas security forces kill 32 members of Gaza ‘gang’, official says
CAIRO (Reuters) -Hamas forces have killed 32 members of “a gang” in Gaza City in a security campaign launched after a ceasefire came into effect on Friday, while six of its personnel were also killed in the violence, a Palestinian security source said on Monday. The official said the security operation in Gaza City had…
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Russia’s Lavrov says Trump’s plan is too vague on Palestinian statehood
MOSCOW (Reuters) -Russian Foreign Minister Sergei Lavrov said on Monday that U.S. President Donald Trump’s plan to settle the Israeli-Palestinian conflict only dealt with Gaza and was not specific enough on Palestinian statehood. “We have noted that Donald Trump’s peace plan only addresses the Gaza Strip. It mentions statehood, but in rather general terms,” Lavrov…