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EU, US must address concerns over U.S. inflation act

EU, US must address concerns over U.S. inflation act

© Reuters. FILE PHOTO: German Finance Minister Christian Lindner holds a news conference on new estimates for tax revenue in Bonn, Germany October 27, 2022. REUTERS/Benjamin Westhoff/File Photo BERLIN (Reuters) – Germany wants dialogue with Washington rather than tit-for-tat measures to ease trade tensions triggered by the U.S Inflation Reduction Act, which could harm European…

Lula transition team invites experts who helped stabilize Brazil economy in 1990s

Lula transition team invites experts who helped stabilize Brazil economy in 1990s

© Reuters. FILE PHOTO: Brazil’s former President and presidential candidate Luiz Inacio Lula da Silva reacts at an election night gathering on the day of the Brazilian presidential election run-off, in Sao Paulo, Brazil, October 30, 2022. REUTERS/Amanda Perobelli By Marcela Ayres BRASILIA (Reuters) – Brazilian President-elect Luiz Inácio Lula da Silva’s transition team has…

Australia central bank cuts growth outlook, rates need to rise to cool red-hot inflation

Australia central bank cuts growth outlook, rates need to rise to cool red-hot inflation

© Reuters. FILE PHOTO: A worker pushing a trolley walks with pedestrians past the Reserve Bank of Australia (RBA) head office in central Sydney, Australia, March 7, 2017. REUTERS/David Gray SYDNEY (Reuters) – Australia’s central bank on Friday downgraded the outlook for economic growth, warning that more rate hikes will be necessary to bring down…