Fed policymakers see cautionary tale in Europe’s inflation fight

3/3 © Reuters. FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans looks on during the Global Interdependence Center Members Delegation Event in Mexico City 2/3 By Ann Saphir (Reuters) – Federal Reserve policymakers once pointed to Japan as the posterchild for what can go wrong for a central bank when it comes to fighting […]

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Climate change fight comes with big trade-offs for central banks, says report

© Reuters. FILE PHOTO: Mountains are seen from the Presena Glacier in Italy FRANKFURT (Reuters) – Central banks need to fight climate change but all policy options on the table come with costly drawbacks, so action needs to be gradual and cautious, an umbrella group of the world’s top central banks and supervisors said on […]

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Biden’s trade rep pick says she will fight Chinese trade barriers, including censorship

© Reuters. U.S. Senate Finance Committee conducts hearing on nomination of Katherine Tai to be U.S. Trade Representative. WASHINGTON (Reuters) – President Joe Biden’s U.S. trade representative nominee, Katherine Tai, said on Monday she would work to fight a range of “unfair” Chinese trade and economic practices and would seek to treat Chinese censorship as […]

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Ryanair’s fight against airline state aid faces court rulings

© Reuters. By Foo Yun Chee BRUSSELS (Reuters) – Ryanair’s fight against state aid for airlines will put loosened EU rules to the test on Wednesday when the bloc’s second-highest court decides on support offered to Air France and SAS. Under European Commission state aid rules loosened since the start of the pandemic, EU countries […]

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EUR/USD eases towards key near-term level as the dollar shows some fight

EUR/USD falls to 1.2105 and nears a test of its 100-hour moving average The greenback is higher across the board in European morning trade and is starting to run against some key levels on the charts today. Of note, EUR/USD is now down to near 1.2100 as price closes in on a test of the […]

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Some Republican states would fight forced utility emissions cuts under Biden climate agenda

© Reuters. FILE PHOTO: A home sits in front of the William H. Zimmer Power Station along the Ohio River in Moscow By Nichola Groom (Reuters) – The governors of five Republican states are ready to fight Democratic President-elect Joe Biden if he tries to require the power sector to slash greenhouse gas emissions. The […]

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California needs forests to fight climate change, but they are going up in smoke

By Nichola Groom LOS ANGELES (Reuters) – California’s record wildfires pose a problem for the state’s plan to use its forests to help offset climate-warming emissions. It is unclear how much California’s plan for becoming carbon-neutral by 2045 depends on its forests. But as climate change fuels increasingly frequent and intense blazes, any plan that […]

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Paytm, other Indian startups vow to fight ‘big daddy’ Google’s clout: sources

© Reuters. FILE PHOTO: A man walks past the sign of “Google for India”, the company’s annual technology event in New Delhi By Aditya Kalra NEW DELHI (Reuters) – Dozens of India’s technology startups, chafing at Google’s local dominance of key apps, are banding together to consider ways to challenge the U.S. tech giant, including […]

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LVMH to counter sue Tiffany in fight over troubled takeover

© Reuters. FILE PHOTO: A LVMH luxury group logo is seen prior to the announcement of their 2019 results in Paris PARIS (Reuters) – Luxury goods group LVMH said on Thursday it would sue Tiffany (N:), to fight off the U.S. jeweller’s accusations that it was deliberately trying to bow out of an acquisition deal […]

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Trump’s U.S. EPA chief claims climate-change fight hurts the poor

© Reuters. FILE PHOTO: ‘Oversight of the Environmental Protection Agency’ hearing in Washington By Valerie Volcovici WASHINGTON (Reuters) – The head of the Environmental Protection Agency on Thursday accused Democrats of hurting the poor with policies aimed at fighting climate change, and said the agency would keep supporting development and deregulation if President Donald Trump […]

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