WASHINGTON (Reuters) – The Federal Reserve threw its weight back behind the drive for a full U.S. jobs recovery on Wednesday, restating its belief that current high inflation is “expected to be transitory” and, despite risks to that view, arguing that price pressures will ease and pave the way for stronger employment and economic growth …
Continue reading “Fed sings the ‘transitory’ inflation refrain, unveils bond-buying ‘taper’”
BERLIN (Reuters) – Germany reported 33,949 new COVID-19 infections, the highest daily increase since the start of the pandemic last year, ahead of a two-day meeting of state health ministers. Countries across Europe have been reporting rises in coronavirus infections, prompting debate over whether to reintroduce restrictions and how to persuade more people to get …
Continue reading “German COVID-19 cases hit daily record as health ministers meet”
MOSCOW, Nov 4 (Reuters) – The westbound flows via the portion of the Yamal-Europe pipeline, which brings gas from Russia via Poland to Germany, have been on hold since Saturday, data from Germany’s Gascade operator showed on Thursday. Flows into Germany at the Mallnow metering point, which lies on the Polish border, stopped early on …
Continue reading “Gas flows still on hold via Russia’s pipeline from Poland to Germany”
https://youtu.be/vfyWTRIB01w PARIS, Nov 4 (Reuters) – World food prices rose for a third straight month in October to reach a fresh 10-year peak, led again by increases in cereals and vegetable oils, the UN food agency said on Thursday. The Food and Agriculture Organization’s (FAO) food price index, which tracks international prices of the most …
Continue reading “World food prices hit new 10-year high in October”
Major backers of coal, oil and gas projects will stop supporting them from 2023, instead backing clean energy in other countries Four major economies have agreed to end their support for fossil fuel projects internationally in an announcement campaigners hailed as a “historic breakthrough”. At an overflowing event on the sidelines of Cop26 climate negotiations …
Continue reading “U.S., Canada among 20 countries to commit to stop financing fossil fuels abroad”
Powell throws US economy under the bus to get reappointed Fed Chair…… Biden is clueless and his band of liberal lefties have never seen a giveaway program they did not love
GENEVA (Reuters) – Europe registered a 55% rise in COVID-19 cases in the last four weeks, despite the availability of vaccines, which should serve as a “warning shot” to other regions, World Health Organization (WHO) officials said on Thursday. WHO emergency director Mike Ryan said that some European countries have “sub-optimal vaccination coverage” despite availability. …
Continue reading “Europe’s COVID spread is “warning shot” for rest of world – WHO”
U.S. retail gasoline prices have started to decline in recent days and could drop even further, according to fuel-savings app GasBuddy. “If you don’t need gas, my suggestion is wait,” Patrick De Haan, head of petroleum analysis for GasBuddy, tweeted on Wednesday when international crude oil prices crashed by 4%. “*LARGE* declines in spot #gasprices …
Opec+, the oil exporters bloc behind historic production cuts, agreed to increase output by 400,000 barrels per day in December and will not meet demands from the US to bring on additional supply. The group, headed by Saudi Arabia and Russia, stuck to its earlier agreement to bring a total supply of 2 million bpd …
Continue reading “OPEC+ confirms 400,000 bpd output increase”
LONDON (Reuters) -Oil prices rose more than $2 on Thursday, lifted by expectations that OPEC and its allies will stick to slow output increases despite calls from the United States and large importers for additional supply to cool the market. The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, a group known …