Rising yields on shorter-term Treasurys may signal correction in equity markets or recession Hawkish comments by Federal Reserve Chairman Jerome Powell about efforts to tame inflation have deepened the inversion of the bond yield curve for U.S. Treasury securities, which many on Wall Street have come to view as a leading indicator of an upcoming recession….
California’s governor says the state will no longer do business with Walgreens Boost Alliance WBA -3.70% after the drugstore chain said it would stop dispensing the mifepristone abortion pill in some Republican-led states. “California won’t be doing business with @walgreens—or any company that cowers to the extremists and puts women’s lives at risk,” said Gov. Gavin Newsom said in…
Germany was heavily reliant on China’s network equipment manufacturers for their 4G network and initial 5G networks. Now, Germany plans on banning China’s Huawei and ZTE from their newer and faster upcoming 5g networks. According to the German newspaper Zeit Online, the government intends to prohibit telecom carriers from using certain components from Chinese firms…
Baghdad (AFP) – Pentagon chief Lloyd Austin said Tuesday he hoped to “strengthen and broaden” relations with Iraq, on a Baghdad visit ahead of the 20th anniversary of the US-led invasion that toppled Saddam Hussein. Defense Secretary Austin also told Iraqi Prime Minister Mohammed Shia al-Sudani that US troops were “ready to remain” in the country…
The two surviving Americans in a group of four violently abducted last week in Mexico returned to U.S. soil Tuesday, one of them with a leg wound not considered life-threatening. Mexican authorities said the two other members of the group traveling for cosmetic surgery were killed Friday after getting caught in the crossfire of rival cartel groups in the border…
Protesters clashed with police in Atlanta at the site of a training centre which opponents say will fuel police militarisation and also uses valuable forest land. Hundreds of people atte After the clashes began, police locked down the area and a Swat team was in attendance. Police said the group of protesters had used the…
Manila, Mar 6 (EFE).- Philippines authorities fear that the oil spill from a tanker that sunk last week, and which has already reached several islands in the center of the archipelago, may reach the island of Boracay, the country’s most important tourist destination. The MT Princess Empress sunk last Tuesday off the coast of Naujan,…
Saudi Arabia agreed to deposit $5 billion into Turkey’s central bank through its Saudi Fund for Development, the fund said in a statement Monday. The decision is “a demonstration of the Kingdom of Saudi Arabia’s commitment to supporting Turkey’s efforts to strengthen its economy,” the statement said. The news comes as Turkey struggles with an…
SHANGHAI, March 6 (Reuters) – The United States is working to expand its restrictions on the export of chipmaking equipment to China by securing cooperation with the Netherlands and Japan, forcing Chinese chipmakers to turn to domestic suppliers such as those listed below. SHANGHAI MICRO ELECTRONICS EQUIPMENT (SMEE) SMEE is China’s only producer of lithography machines used…
NEW DELHI (AP) — The top diplomats of Australia, India, Japan and the United States offered sharp but veiled criticism of China on Friday, even as they maintained their Indo-Pacific-focused bloc is not aimed at countering Beijing. In comments at a public event and in a written statement, the four foreign ministers used buzzwords and…