WASHINGTON (Reuters) – U.S. President Joe Biden will keep an open mind when considering relaxing tariffs on Chinese goods, White House spokesman John Kirby said on Wednesday. Biden has said he is considering removing some of the tariffs imposed on hund…
Fauci, face of U.S. battle against COVID-19, tests positive
WASHINGTON (Reuters) – Dr. Anthony Fauci, a public health official who became the face of U.S. government efforts to contain the coronavirus pandemic, tested positive for COVID-19 on Wednesday, the National Institutes of Health (NIH) said in a statemen…
Fed unveils biggest rate hike since 1994, flags slowing economy
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive surge in inflation, and projected a slowing economy and rising unempl…
Nord Stream 1 gas supply cut aimed at sowing uncertainty, Germany warns
By Madeline Chambers and Christoph Steitz BERLIN (Reuters) -Russia’s Gazprom on Wednesday announced a further cut in the amount of gas it can pump through the Nord Stream 1 pipeline to Europe, a move Germany’s economy minister said was aimed at sowing …
West must stay focused on Ukraine during ‘pivotal’ moment, says Pentagon chief
By Idrees Ali and Sabine Siebold BRUSSELS (Reuters) -Russia’s invasion of Ukraine was at a “pivotal” moment and the United States and its allies could not lose focus on the three-month long conflict, U.S. Defense Secretary Lloyd Austin said on Wednesda…
Biden blasts oil refiners for record profits on pain at the pump
By Trevor Hunnicutt and Jarrett Renshaw WASHINGTON (Reuters) -U.S. President Joe Biden, under pressure over sky-high gasoline prices, on Wednesday demanded oil refining companies explain why they are not putting more fuel on the market as they reap win…
Explainer-What Americans face now as the Fed raises interest rates
(Reuters) – The U.S. Federal Reserve’s big interest rate hike on Wednesday — and the expectation of more to come — is aimed at bringing down 40-year high inflation topping 8% on an annual basis in recent months. But the largest rate increase in a qua…
Brazilian police find human remains in search for British journalist -minister
By Jake Spring and Bruno Kelly ATALAIA DO NORTE, Brazil (Reuters) -Police have found human remains in their search for British journalist Dom Phillips and Brazilian indigenous expert Bruno Pereira after two fishermen confessed to killing them in the Am…
Biden announces new $1 billion in weapons for Ukraine
By Mike Stone, Patricia Zengerle and Humeyra Pamuk WASHINGTON (Reuters) -President Joe Biden on Wednesday announced a fresh infusion of $1 billion in weapons for Ukraine that includes anti-ship rocket systems, artillery rockets, howitzers and ammunitio…
Arizona fire official designs bulletproof vest to fit school backpacks
By Liliana Salgado (Reuters) – Arizona fire captain Kevin Goodman says his company, Escape Armour, exists for one reason: to prevent the loss of even a single child in a school shooting. Goodman, who has four children, designed a bulletproof vest that …