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Sri Lanka hikes interest rates as inflation worries mount COLOMBO, March 4 (Reuters) - Sri Lanka's central bank raised rates as expected to curb growing inflationary pressures and urged the government to consider measures including curbing non-essential imports and raising fuel prices to overcome economic ...
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Luxury giants LVMH and Hermès will close stores in Russia temporarily. The French brands join other Western companies in pausing retail operations as the Russian invasion of Ukraine escalates.
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The White House says it's considering a range of options for Russian oil imports Rouse addressed reporters amid calls to ban oil imports as Russia continues its war on Ukraine — and amid worries about gas prices. Americans are already paying more for gas and could see additional increases as the bloody ...
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The US added 678000 jobs in February. It's another sign of a hot labor market Hiring accelerated sharply last month as U.S. employers added 678,000 jobs, the largest gain since last July, as a resilient economy continues its recovery from the stubborn coronavirus pandemic. The unemployment rate fell to 3.8% last month, ...
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Will the Russian Invasion Accelerate Peak Oil? The conflict is unfolding against sweeping changes in the energy sector. A growing number of countries and companies are pledging to phase out fossil fuels and adopt cleaner alternatives as they combat climate change, even as global fossil fuel use ...
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Ford Is All In on EVs. One Analyst Isn't Buying It. Morgan Stanley analyst Adam Jonas isn't buying it. He doesn't think the new structure will lead to Ford hitting its ambitious EV goals, although he said the company (ticker: F) may have set a pattern other traditional car companies can follow.
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Sony and Honda announce tie-up to make electric cars. TOKYO — The Japanese electronics and entertainment giant Sony announced on Friday that it would team up with Honda to develop electric cars for sale as early as 2025, becoming the latest company to throw its hat into the burgeoning market for ...
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US added 678000 jobs in February in sign of economic health The Labor Department's report Friday also showed that the unemployment rate dropped from 4% to 3.8%, extending a sharp drop in joblessness as the economy has rebounded from the pandemic recession. The latest jobs data ...
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Energy Abundance Is Possible And Europe Shows Us Why It Is Necessary High energy prices in America are a pain, but Germany is in a worse spot. In response to the invasion of Ukraine, Germany stopped its Nord Stream 2 gas pipeline project which would have made it cheaper to import natural gas from Russia.
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Sony, Honda team up to develop and sell electric vehicles "In the joint venture, we would like to lead the mobility evolution by combining our technology and experience with Honda's long experience in mobility development and vehicle body manufacturing technologies," Sony CEO Kenichiro Yoshida said.
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