Author: News Room

By Ahmed Rasheed and Maha El Dahan BAGHDAD (Reuters) – Iraq said on Tuesday it has agreed to a smaller 30% stake in TotalEnergies long-delayed $27 billion project, reviving a deal that Baghdad hopes could lure back foreign investment into the battered country which craves stability. The deal was signed in 2021 for TotalEnergies to build four oil, gas and renewables projects with an initial investment of $10 billion in southern Iraq over 25 years. But it has experienced several setbacks amid disputes between Iraqi politicians over terms. Iraq’s cabinet said in a late Tuesday statement that it had approved…

4/4 © Reuters. The logo of Arquus, a unit of Volvo AB, is pictured at the production plant in Limoges, France, April 6, 2023. REUTERS/Benoit Tessier 2/4 By Clotaire Achi LIMOGES, France (Reuters) – French armoured truck maker Arquus, specialised in manufacturing high-tech off-road military vehicles, has gone back to producing more low-tech undercarriages for howitzers as the ground war in Ukraine boosts demand for artillery. Despite an industry trend towards more high-tech weaponry like drones and autonomous missiles, traditional battlefield equipment like tanks and howitzers such as France’s Caesar canons and U.S.-made HIMARS have helped bend the trajectory of…

While the stress in the banking sector made it hard to know what was the appropriate interest-rate policy, another one-quarter-percent rate hike seemed reasonable, Boston Fed President Susan Collins said Thursday. “I currently anticipate some modest additional policy tightening and then holding through the end of this year,” Collins said, in a speech to a National Association for Business Economics conference. Collins’ position matches the median forecast of Fed officials in their latest economic projections released last week. Collins said this forecast on one rate hike and then steady rates until 2024 “reasonably balances the risk of monetary policy not…

When you buy a bag of potato chips from the neighborhood grocery store, how much of your money goes toward growing the potatoes and how much covers shipping the chips to the store? A new report from the U.S. Government Accountability Office answers those questions and examines the factors that affect retail food prices. It comes as grocery-store shoppers have been coping with bigger checkout bills: While food prices typically rise about 2% annually, they shot up 11% between 2021 and 2022 — the biggest annual jump in 40 years, according to the U.S. Department of Agriculture. Here’s a look…

Apple founder Steve Jobs has continued to inspire since he passed away in 2011. Just this week, in fact, Tim Cook — Apple’s AAPL, +0.55% current CEO — mused in a GQ interview on life lessons that he learned from his predecessor.  And now anyone who wants to get an intimate glimpse of Jobs’s wisdom and reflections on his life, which was cut short in 2011 when he was just 56, will be able to download a curated collection of his personal correspondence, speeches and interviews on April 11 — for free. ““He has been written about, but this is…

Investors can’t wait for the Federal Reserve to start pivoting. This past week’s action—illuminated by a pink full moon—shows that they might have to wait a bit longer. The S&P 500 index slid 0.1% in the shortened trading week, while the Dow Jones Industrial Average advanced 0.6% and the Nasdaq Composite fell 1.1%. But while equity markets were little changed, bond yields declined in the early part of the week as weakening economic data stoked fears of a recession among fixed-income traders. The stock market is known to be a forward-looking mechanism, but with the S&P 500 trading at 18…

The Defense Department is urgently working with lawmakers in hopes of resolving a hold on critical military nominations, including for some of the most senior ranking officers, as concerns inside the Pentagon grow about the potential impact on national security, defense officials told CNN. Alabama Republican Sen. Tommy Tuberville has single-handedly blocked the nominations to protest new Pentagon policies ensuring service members have access to reproductive health care following the Supreme Court’s overturning of Roe v. Wade last year. Tuberville first threatened to put a hold on DOD nominees in December, and followed through in March. Tuberville’s objection has thrown…

Having worked for decades to reach the top of the cable television business in New York, David Zaslav briefly became the toast of Hollywood. Discovery, where he was CEO, had agreed in May 2021 to purchase Warner Bros’ parent company from AT&T for $43bn in a climate when the movie business was suffering from the one-two punch of the Covid-19 pandemic and the exploding popularity of streaming. At the same time, Hollywood’s longtime de facto leader, Disney’s Bob Iger, was heading towards his shortlived retirement, leaving a spot open for someone to step into his shoes. The role of King…

Intro Ball Corporation (NYSE:BALL) is a well-established company that specializes in metal packaging for beverages, foods, household products as well as the aerospace industry. The company has a long history of steady revenue growth, and it has been successful in expanding its market share through strategic acquisitions and partnerships. BALL is also known for its commitment to sustainability, and it has set ambitious goals to reduce its carbon footprint and promote a circular economy. BALL faces numerous challenges including operating in a highly competitive market, dealing with substantial levels of debt, and shifting consumer preferences. This article aims to provide…

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