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Euro zone to discuss economic hit from soaring energy prices

Euro zone to discuss economic hit from soaring energy prices

© Reuters. FILE PHOTO: The European Central Bank (ECB) logo in Frankfurt, Germany, January 23, 2020. REUTERS/Ralph Orlowski By Jan Strupczewski and Kate Abnett BRUSSELS (Reuters) -Euro zone finance ministers will discuss soaring energy prices on Monday, concerned they could slow economic recovery, impact on investment decisions and disproportionately hit the poorest, a European Commission…

Powell: “Tension” between jobs, inflation is the chief challenge facing Fed

Powell: “Tension” between jobs, inflation is the chief challenge facing Fed

© Reuters. FILE PHOTO: Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, U.S., September 28, 2021. Kevin Dietsch/Pool via REUT By Howard Schneider (Reuters) -Resolving “tension” between high inflation and still-elevated unemployment is the…

U.S. Treasury’s Yellen seeking October agreement on global minimum corporate tax

U.S. Treasury’s Yellen seeking October agreement on global minimum corporate tax

© Reuters. Treasury Secretary Janet Yellen testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, U.S., September 28, 2021. Kevin Dietsch/Pool via REUTERS By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Tuesday she is looking for…

Exclusive-U.S. has reached out to China about cutting oil imports from Iran, officials say

Exclusive-U.S. has reached out to China about cutting oil imports from Iran, officials say

2/2 © Reuters. FILE PHOTO: Chinese and U.S. flags flutter outside a company building in Shanghai, China April 14, 2021. REUTERS/Aly Song 2/2 By Arshad Mohammed and John Irish WASHINGTON/PARIS (Reuters) – The United States has reached out to China diplomatically about reducing its purchases of Iranian crude oil, U.S. and European officials said on…