WASHINGTON (Reuters) -U.S. Republican senators are urging the Biden administration to close a “loophole” in export controls imposed by former President Donald Trump on China’s top chipmaker, SMIC, which they call a...
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Fed’s Bullard says U.S. unemployment rate can go below 3% this year
By Howard Schneider and Jonnelle Marte NEW YORK (Reuters) -St. Louis Federal Reserve Bank President James Bullard said he sees the unemployment rate falling below 3% this year, a jobless rate the U.S. economy last saw in the early 1950s....
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U.S. judge approves direct election of UAW officers
By David Shepardson WASHINGTON (Reuters) -Members of the United Auto Workers (UAW) will directly elect officers after a referendum required as part of a 2020 Justice Department settlement to resolve a corruption probe. U.S. District Judge...
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Bostic: Fed needs to act “soon” to be sure inflation expectations stay controlled
WASHINGTON (Reuters) – U.S. inflation risks being pushed to a permanently higher level if the Federal Reserve does not get the current bout of price increases under control, Atlanta Fed president Raphael Bostic said on Tuesday....
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Fed’s Harker says four rate hikes are appropriate for this year
NEW YORK (Reuters) -It may be appropriate for the Federal Reserve to raise interest rates four times this year, and to move more aggressively if the factors leading to higher inflation, such as supply chain issues, are not mitigated,...
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Germany, Denmark seek more ambition from EU on green aviation fuel
By Kate Abnett BRUSSELS (Reuters) – European Union plans to require the aviation sector to use more sustainable fuels are not ambitious enough and the EU should let member states set their own tougher requirements, seven countries...
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