By Elizabeth Howcroft PARIS (Reuters) -S&P Global has downgraded its rating of the world’s largest stablecoin, Tether, citing an increase in higher-risk assets in the cryptocurrency’s reserves and “persistent gaps in disclosure”, the ratings agency said on Wednesday. S&P in 2023 created a new scale from 1 to 5, to assess the risk of various…
By David Shepardson WASHINGTON (Reuters) -U.S. Transportation Secretary Sean Duffy wants airlines to ditch salty pretzels and calorie-laden cookies in favor of on-board healthier options. “I would love some better snacks. I would love a little healthier snack on the airplane,” Duffy said in an interview with Blaze News posted Tuesday, adding it would be…
(Reuters) -The U.S. Department of Energy on Thursday announced a reorganization of the agency that prioritizes oil and nuclear resources over offices that had been dedicated to renewables and efficiency. DOE published a new organizational chart alongside a brief statement saying the changes were aligned with President Donald Trump’s energy dominance agenda. The chart features…
NEW YORK (Reuters) -The pace of U.S. job growth accelerated more than expected in September, and the unemployment rate increased, indicating the labor market remained on the sluggish side, while expectations the Federal Reserve was unlikely to cut rates in December remained largely unchanged. Nonfarm payrolls increased by 119,000 jobs in September, after a downwardly…
By Kirsty Needham SYDNEY (Reuters) -Five Chinese research vessels, including ships used for space and missile tracking and underwater mapping, were active in the northwest Pacific last month, as the United States stepped up military exercises, data compiled by a Guam-based group shows. Rapid militarisation in the northern Pacific gets insufficient attention, says the Pacific…
SANTIAGO (Reuters) -LATAM Airlines and pilots for the carrier in its home country of Chile have reached a contract agreement, the union said on Wednesday, bringing an end to a week-long strike. The strike, the first by LATAM pilots in nearly three decades, caused widespread flight cancellations and snarled passengers’ travel plans. The contract agreement…
Wall Street’s Secret Crypto Accumulation Exposed Oil Surge Predicted… But Are You Ready? [sponsor] Today’s Breaking News Brazil’s Lula says ‘multilateralism will win’ despite Trump opposition JOHANNESBURG (Reuters) -The G20 summit in South Africa and the COP30 climate summit in Brazil show multilateralism is very much alive, despite efforts by U.S. President Donald Trump to dismantle…
LONDON (Reuters) -Asian and European shares extended a global rout on Friday and U.S. stock futures also pointed to a weak opening on Wall Street as investors continued to offload richly valued technology stocks. A highly anticipated U.S. jobs report on Thursday failed to provide clarity on the near-term path for interest rates, while artificial…
By Jan Wolfe WASHINGTON (Reuters) -A U.S. judge on Wednesday said he was resuming his long-stalled court proceeding to determine whether Trump administration officials willfully violated a court order by deporting hundreds of men to El Salvador in March. U.S. District Judge James Boasberg said he would demand sworn testimony from administration officials to determine…
By Marc Jones LONDON (Reuters) -Modernising regulations, aligning rules around stablecoins and keeping tabs on ballooning debt and private credit markets are next year’s top priorities, global financial regulators said on Wednesday. The Financial Stability Board, which coordinates financial rules for the Group of 20 economies (G20), set its work programme for 2026, a year…
