By Luc Cohen and Sarah N. Lynch NEW YORK (Reuters) -U.S. prosecutors have found evidence that Russian oligarchs are trying to evade sanctions put in place to pressure Moscow to stop its invasion of Ukraine, the head of a new Justice Department task for…
U.S. unemployment rate drops to 3.6% as labor market rapidly tightens
By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers maintained a brisk pace of hiring in March, driving the unemployment rate to a new two-year low of 3.6% while also boosting wages, resulting in a further tightening of labor market conditions and …
Europe signals unity against Russian gas payment demands
By Marwa Rashad LONDON (Reuters) -Europe vowed to stay united against Russia’s demand that they pay for its gas in roubles, as the threat of an imminent supply halt eased on Friday. European capitals have been bracing for a disruption to gas imports as…
U.S. boosts fuel efficiency rules as Biden reverses Trump rollback
By David Shepardson WASHINGTON (Reuters) -President Joe Biden’s administration on Friday sharply boosted fuel economy standards for vehicles, reversing former President Donald Trump’s rollback of U.S. regulations aimed at improving gas mileage and cutt…
U.S. to end COVID order blocking asylum seekers at border with Mexico
By Ted Hesson and Mica Rosenberg WASHINGTON (Reuters) -The United States will end a sweeping, pandemic-related expulsion policy that has effectively closed down the U.S. asylum system at the border with Mexico, U.S. health officials said on Friday, arg…
The case for big Fed rate hikes just got a little stronger
By Ann Saphir (Reuters) – It’s not as if U.S. central bankers needed more reasons to step up the pace of interest rate hikes. But that’s what they got on Friday, when the Bureau of Labor Statistics’ latest jobs report showed employers added 431,000 to …
New UN climate report to tackle reining in emissions
By Jake Spring (Reuters) – The U.N. climate science panel publishes its final report in the current assessment cycle on Monday, and this time will focus on ways of curbing greenhouse gas emissions, although the consensual nature of the reports means it…
Russia’s ally China tells EU it will pursue Ukraine peace in its own way
By Philip Blenkinsop and Yew Lun Tian BRUSSELS/BEIJING (Reuters) -China offered the European Union assurances on Friday that it would seek peace in Ukraine but said this would be on its own terms, deflecting pressure for a tougher stance towards Russia…
U.S. economy not letting war, pandemic get in the way of a good time
By Howard Schneider WASHINGTON (Reuters) -Fear that the war in Ukraine would tilt the U.S. economy towards a 1970s-style bout of stagflation has given way to signs that Americans plan to keep traveling, returning to restaurants, and continuing a steady…
Wall St posts modest gains as jobs report keeps Fed hikes on track
By Chuck Mikolajczak NEW YORK (Reuters) – The S&P 500 rose modestly to kick off the second quarter on Friday, as the monthly jobs report indicated a strong labor market and is likely to keep the Federal Reserve on track to maintain its hawkish policy s…