U.S. to waive sanctions on firm, CEO behind Russia’s Nord Stream 2 pipeline -source

© Reuters. FILE PHOTO: A road sign directs traffic towards the Nord Stream 2 gas line landfall facility entrance in Lubmin, Germany, September 10, 2020. REUTERS/Hannibal Hanschke/File Photo MOSCOW (Reuters) – Russian officials on Wednesday said Moscow’s fraught ties with Washington could benefit from the waiving of U.S. sanctions on the company in charge of […]

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BT denies any CEO rift behind chairman’s retirement

© Reuters. Company’s logo is displayed at British Telecom (BT) headquarters in London LONDON (Reuters) – BT denied any “misalignment” between board and management on Saturday after Sky News said that CEO Philip Jansen had indicated he might resign unless it replaced its chairman. The British broadband and mobile telecoms operator said on Monday that […]

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U.S. throws support behind Okonjo-Iweala to lead the WTO

© Reuters. FILE PHOTO: Okonjo-Iweala poses outside a Nigerian diplomatic residence in Chambesy WASHINGTON (Reuters) – The United States on Friday threw its support behind Nigeria’s Ngozi Okonjo-Iweala to head the World Trade Organization after a South Korean rival withdrew. The Office of the U.S. Trade Representative made the announcement on behalf of President Joe […]

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Many U.S. states are behind on their own climate milestones: report

3/3 © Reuters. FILE PHOTO: Downtown Los Angeles is seen behind an electricity pylon through the morning marine layer in Los Angeles 2/3 (Reuters) – Many of the U.S. states with bold commitments to reduce their greenhouse gas emissions are on track to miss their targets, according to an analysis published on Tuesday by green […]

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Fed’s Mester: Rising Corporate Profits in 3Q Doesn’t Mean Recession is Behind

Economic activity and hiring have been constrained during coronavirus outbreak, confirming that the recovery will be slow and economy will need more support from monetary and fiscal authorities, Cleveland Federal Reserve Bank chief Loretta Mester said on Friday. “I really think the recovery will be slow,” Mester told CNBC. The economic data is likely to […]

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U.S. fireworks purveyor sees ‘perfect storm’ of forces behind explosive demand

16/16 © Reuters. A shopper looks through fireworks for sale at Sky King Fireworks in Morrisville, Pennsylvania 2/16 By Peter Szekely NEW YORK (Reuters) – The piercing boom of illegal fireworks in New York is music to the ears of Joe VanOudenhove, who runs a legal fireworks business in Pennsylvania. VanOudenhove is by no means […]

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