Powell’s soothing tone may not be enough for inflation-spooked markets
Federal Reserve Chairman Jerome Powell’s reassuring message following the central bank’s monetary policy meeting may not calm frazzled U.S. stock…
With Nord Stream Shut, Gazprom Posts its Biggest Lost in Two Decades
State natural gas company Gazprom was once a major source of income for the Russian government, earning tens of billions…
US weekly jobless claims unchanged; layoffs decline in April
The number of Americans filing new claims for unemployment benefits held steady at lower levels last week as the labor…
Holland America’s Cruise Ship Rotterdam Begins Sustained Biofuel Pilot Test
Holland America Line’s flagship cruise ship, Rotterdam (99,935 gross tons) started a long-term test using 100 percent low carbon intensity…
Crack in Tanker’s Hull Causes Largest Oil Spill in Ceuta Port History
Spanish authorities at the port of Ceuta on the southern side of the Strait of Gibraltar declared contained what they…
ECB should start cutting rates in June if inflation keeps falling, De Cos says
The European Central Bank should start cutting interest rates in June if inflation continues its gradual decline as expected, European…
German economy skirts recession, helped by construction and exports
The German economy skirted a recession at the start of the year, growing more than expected thanks to the construction…
US manufacturing sector regresses in April; prices paid near two-year high
U.S. manufacturing contracted in April amid a decline in orders after briefly expanding in the prior month, while a measure…
China’s April manufacturing PMI moderated to 50.4 but still points to expansion for a second consecutive month
As expected, the April manufacturing PMI of 50.4 showed a slight moderation from March’s strong 50.8 read, but remained in…
Euro zone inflation steady in April, reinforcing ECB rate cut case
Euro zone inflation held steady as expected in April but a crucial indicator on underlying price pressures slowed, solidifying an…