Vision Times News
Germany, EU Race to Fix Energy Crisis
BERLIN/FRANKFURT — Germany will step up lending to energy firms at risk of being crushed by soaring gas prices, it said on Tuesday, Sept. 13, as Europe readied proposals to help households and industry cope...
Stubbornly High Rents, Food Prices Boost US Inflation in August
U.S. consumer prices unexpectedly rose in August and underlying inflation accelerated amid rising costs for rents and healthcare, giving the Federal Reserve ammunition to deliver a third 75 basis points interest rate hike next Wednesday....
Wall Street Tumbles to Biggest Loss in Two Years Following CPI Data
A broad sell-off sent U.S. stocks reeling on Tuesday after a hotter-than-expected inflation report dashed hopes that the Federal Reserve could relent and scale back its policy tightening in the coming months. All three major...
Wells Fargo CFO Says There Will Be Stress as Economy Slows
Wells Fargo & Co is seeing loan growth moderating after strong growth so far this year and witnessing downward pressure on mortgage revenue as consumers feel the effect of higher interest rates, its chief financial...
Boon or Threat? Mexico City Wrestles With Influx of Remote US Workers
In a trendy part of Mexico City, in a park surrounded by hipster coffee shops and restaurants, stands a figure dressed in white with hands in prayer like a Catholic statuette: the so-called patron saint...
Pyrenees Pipeline Puts EU Energy Divisions in Stark Relief
PARIS/MADRID/BERLIN — Skepticism about a new gas pipeline across the Pyrenees highlights the competing visions for Europe's future energy mix as the continent urgently confronts a power crisis. MidCat would be a third gas connection...
Bank of England to Raise Rates to Counteract Inflation: Poll
LONDON — The Bank of England looks set to hike borrowing costs by another 50 basis points next week, although it may opt for an even bigger move, a Reuters poll found, adding to the...
Auto Supplier Aptiv to Acquire 85% of Intercable Unit in EV Tech Push
Auto parts supplier Aptiv Plc. announced on Tuesday, Sept. 13 that it would acquire a majority stake in a unit of Italy's Intercable for 595 million euros ($605.71 million), allowing the U.S. company access to...
Majority of Twitter Shareholders Vote in Favor of Sale to Musk: Sources
A majority of Twitter Inc's shareholders have voted in favor of the social media company's $44 billion sale to Elon Musk, people familiar with the tally said on Monday, Sept. 12. Though the deadline for...
China to Roll Out More Measures to Stabilize Economy: State Media Reports
BEIJING — China will continue to roll out phased policies to stabilize its economy with a focus on reviving consumption and boosting investment, and implement these policies as soon as possible, state media cited Premier...
Twitter Whistleblower Reveals Employees Concerned China Could Collect User Data
Disclosures from a former Twitter Inc executive turned whistleblower show that at least one Chinese agent is working at the company, Senator Chuck Grassley said in his opening remarks during a Senate hearing on Tuesday...
Modern Slavery on the Rise as Crises Fuel Poverty: UN Report
The number of people forced into modern forms of slavery has risen by a fifth in recent years to around 50 million on any given day amid a surge in poverty and other crises, the...