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German economy ministry calls for joint EU response to US inflation act

German economy ministry calls for joint EU response to US inflation act

BERLIN, Dec 9 (Reuters) – Germany wants a joint European response to the US Inflation Reduction Act that would involve simplifying rules on state support and expanding funding opportunities, according to a German economy ministry document seen by Reuters on Friday. The European Union could set up a program to promote green technology by combining …

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US heading into shallow recession, no respite from rate hikes yet: Reuters poll

BENGALURU, Dec 9 (Reuters) – The US economy is heading into a short and shallow recession over the coming year, according to economists polled by Reuters who unanimously expected the US Federal Reserve to go for a smaller 50 basis point interest rate hike on Dec 14. The Fed has another half-point at least to …

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Verisign Reports Internet Has 349.9 Million Domain Name Registrations at the End of the Third Quarter of 2022

VeriSign, Inc. (NASDAQ: VRSN), a global provider of domain name registry services and internet infrastructure, today announced that the third quarter of 2022 closed with 349.9 million domain name registrations across all top-level domains, a decrease of 1.6 million domain name registrations, or 0.4%, compared to the second quarter of 2022.1.2 Domain name registrations have …

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US weekly jobless claims rise; continuing claims at 10-month high

Weekly jobless claims increase 4,000 to 230,000 Continuing claims rise 62,000 to 1.671 million WASHINGTON, Dec 8 (Reuters) – The number of Americans filing new claims for jobless benefits increased moderately last week, while unemployment rolls hit a 10-month high towards the end of November, suggesting the labor market was gradually slowing down. Still, labor …

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US lawmakers decline to add Boeing 737 MAX exemption in defense bill

WASHINGTON, Dec 6 (Reuters) – US lawmakers late on Tuesday declined to add an extension to an annual defense bill of a looming deadline that would impose a new safety standard for modern cockpit alerts for two new versions of Boeing’s (BA.N) best -selling 737 MAX aircraft. The US planemaker has been lobbying for months …

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Exclusive: Canada’s biggest pension plan, CPPI, ends crypto investment pursuit

TORONTO, Dec 7 (Reuters) – Canada’s biggest pension fund, CPP Investments, has ended its effort to study investment opportunities in the volatile crypto market, two people familiar with the matter told Reuters. The reasons behind CPPI’s abandonment of crypto research were not immediately clear. CPPI declined to comment but said it has made no direct …

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China’s reported gold reserves rise for first time since 2019

Dec 7 (Reuters) – China’s central bank said on Wednesday it had added 32 tonnes of gold worth around $1.8 billion to its reserves, the first time it has disclosed an increase since September 2019. The additions bring China’s reported holdings at the end of November to 1,980 tons, worth around $112 billion. China has …

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Summit Therapeutics in up to $5 bln licensing deal for Akeso’s cancer therapy

Dec 6 (Reuters) – Summit Therapeutics Inc (SMMT.O) said on Tuesday it would license China-based Akeso Inc’s (9926.HK) experimental cancer therapy in a deal worth up to $5 billion, sending its shares up 57% in premarket trade. The deal involves an upfront payment of $500 million to Akeso, which will also be eligible for regulatory …

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