News
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Fed's Williams declines to comment on rate cut outlook
NEW YORK, March 4 (Reuters) - Federal Reserve Bank of New York President John Williams said on Tuesday he is not able to offer a prediction of what will happen with central bank interest rate policy this year. “It’s really hard to know” what will need to happen with interest rate policy amid large l...Reuters
Tue, Mar 4
Health Rounds: Roche/BioNTech experimental vaccine shows early promise in pancreatic cancer
By Nancy LapidMarch 4 (Reuters) - Hello, Health Rounds Readers! Pancreatic cancer typically comes with a poor long-term prognosis, but today we have some early data from a small trial of a personalized vaccine that may eventually offer hope for better patient outcomes. We also report on a possible l...Reuters
Tue, Mar 4
Germany's Greens: will consider debt brake reform plan
BERLIN, March 4 (Reuters) - A senior official of Germany's Greens party said on Tuesday they would carefully look into proposals by the conservatives and Social Democrats to overhaul constitutional borrowing limits."What is important to us is a long-term solution to the fundamental rules of ...Reuters
Tue, Mar 4
Israel says Arab summit statement on Gaza failed to address situation post Hamas attack
CAIRO, March 4 (Reuters) - The Israeli foreign ministry said on Tuesday that the statement from the Arab summit held in Cairo to discuss Gaza's reconstruction failed to address the realities of the situation following Hamas' October 7 attack.Reuters
Tue, Mar 4
US implements designation of Yemen's Houthis as 'terrorist organization'
WASHINGTON, March 4 (Reuters) - The U.S. State Department on Tuesday said it was implementing the designation of Yemen's Iran-aligned Houthi movement as a "foreign terrorist organization" after President Donald Trump's call for the move earlier this year."The Houthis' activit...Reuters
Tue, Mar 4
ABA ramps up defense of judges as White House dismisses 'snooty' lawyers
By Karen Sloan March 4 (Reuters) - The American Bar Association on Monday condemned what it called “inappropriate” attacks on judges by Trump administration officials, prompting the White House to dismiss the ABA as a “snooty” organization of “leftist lawyers.”The war of words comes amid escalati...Reuters
Tue, Mar 4
Goldman Sachs may cut more than 1,300 employees in annual review, source says
By Saeed Azhar NEW YORK, March 4 (Reuters) - Goldman Sachs GS.N plans to trim its staffing by 3% to 5% in an annual performance review process this spring, said a source familiar with the matter who declined to be identified discussing personnel matters.That would equate to more than 1,395 job cu...Reuters
Tue, Mar 4
German Bund futures fall, stock futures rise on debt brake agreement
LONDON, March 4 (Reuters) - German government bond futures fell sharply on Tuesday, while stock futures rose and the euro rallied after two main German political parties agreed to debt brake reform and a 500 billion euro infrastructure fund.Germany's Bund futures FGBLc1 turned sharply lower on t...Reuters
Tue, Mar 4
US House speaker urges lawmakers to avoid town hall meetings
By David Morgan WASHINGTON, March 4 (Reuters) - U.S. House Speaker Mike Johnson urged fellow Republican lawmakers on Tuesday to avoid public town-hall meetings with voters after some events turned into angry confrontations over President Donald Trump's moves to fire federal workers and defund...Reuters
Tue, Mar 4
Apple appeals to overturn UK government's 'back door' order, FT reports
March 4 (Reuters) - Apple AAPL.O has appealed a British government order to create a "back door" in its most secure cloud storage systems, the Financial Times reported on Tuesday, citing people familiar with the matter.The iPhone maker removed its most advanced security encryption for cloud ...Reuters
Tue, Mar 4
Goldman Sachs may cut 3% to 5% of staff as part of annual review, source says
NEW YORK, March 4 (Reuters) - Goldman Sachs GS.N plans to target a cut of between 3% to 5% of staff as part of an annual performance-related review it will take in spring, a source familiar with the matter said.The last time the Wall Street firm conducted a similar review in September, that led to a...Reuters
Tue, Mar 4
Fed's tools, goals under the microscope as US House task force gets underway
Monetary Policy Task Force holds inaugural hearing Republicans critical of Fed’s approach to policy, mandatesDemocrats raise concerns about Trump's tariffs, Fed independenceBy Bo Erickson and Ann SaphirWASHINGTON, March 4 (Reuters) - A new task force in the Republican-controlled U.S. House of Re...Reuters
Tue, Mar 4
Arab summit adopts Egyptian Gaza reconstruction plan
CAIRO, March 4 (Reuters) - An Arab summit convened in Cairo on Tuesday adopted an Egyptian plan for the reconstruction of Gaza, Egypt's President Abdel Fattah al-Sisi said during a closing statement.The plan aims to counter President Donald Trump's proposals for a "Middle East Riviera...Reuters
Tue, Mar 4
EU plans law to give car services groups access to vehicle data
By Foo Yun CheeBRUSSELS, March 4 (Reuters) - The European Commission aims to propose draft legislation this year that would allow insurers, leasing companies and repair shops fair access to valuable vehicle data, according to its auto industry action plan to be published on Wednesday.Provided it get...Reuters
Tue, Mar 4
US Supreme Court leans toward gun companies' bid to avoid Mexico's lawsuit
Gun companies argue suit is barred by a 2005 US lawMexico seeks monetary damages from gun companiesArguments come at fraught time for US-Mexico tiesBy John Kruzel, Blake Brittain WASHINGTON, March 4 (Reuters) - U.S. Supreme Court justices signaled sympathy on Tuesday toward a bid by two Ameri...Reuters
Tue, Mar 4
Germany's conservatives, SPD agree debt brake reform proposal
BERLIN, March 4 (Reuters) - The conservatives and the Social Democrats (SPD) agreed to seek a loosening of Germany's debt brake to allow higher defence spending, and to propose the creation of a 500 billion euro infrastructure fund, their leaders said on Tuesday."We are aware of the scale of...Reuters
Tue, Mar 4
ADNOC and OMV to merge petrochemical firms to create $60 billion giant
OMV, ADNOC to merge polyolefins businesses Borouge and BorealisNew entity, Borouge Group International, will acquire Nova Chemicals for $13.4 billionADNOC and OMV to have equal share in merged entityNew company to be listed in Abu Dhabi, headquartered in ViennaBy Gursimran Mehar, Yousef Saba, Fede...Reuters
Tue, Mar 4
