If the legislation can pass the House (where support appears less enthusiastic) and earn President Joe Biden’s signature, there would be no more falling back every year in the fall. More daylight and no more changing the clock. Sounds nice, right? Not so fast. The Senate’s enthusiasm for permanent Daylight Saving Time masks a very...Read More

Vladimir Putin was annoyed – or maybe just bored. The Russian leader had been patiently fielding questions from a small group of international journalists in the restaurant of a modest hotel in Davos. Then one of the queries seemed to irritate him. He stared back at the questioner, an American, and said slowly, through an...Read More

CBank hikes rates by 700 bps Sri Lanka beset by crippling economic crisis Finance minister seeks debt moratorium, financial aid COLOMBO, April 8 (Reuters) – Sri Lanka’s central bank doubled its key interest rates on Friday, raising each by an unprecedented 700 basis points to tame inflation that has soared due to crippling shortages of...Read More

U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration//File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, April 8 (Reuters) – Speculators’ net long positioning on the U.S. dollar fell in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data...Read More

Russia’s central bank cut interest rates on Friday in a bid to cushion the economy from the impact of western sanctions, saying the recent rebound in the rouble had eased inflationary pressures. The Bank of Russia said it would lower its key interest rate to 17 per cent from its previous high of 20 per...Read More

Could the world be headed for another recession? Just as the global economy is bouncing back from the COVID-19 pandemic, a growing list of risks is clouding the economic outlook – although most economists still believe a recession this year is relatively unlikely. The war in Ukraine, Russia sanctions, China’s “zero COVID” policies, spiking inflation,...Read More

Sign up for The Brief, our daily newsletter that keeps readers up to speed on the most essential Texas news. A day after Gov. Greg Abbott announced that his plan to conduct “enhanced safety inspections” of commercial vehicles crossing into Texas could “dramatically slow” traffic across the border, local officials and business groups are still...Read More

Any US central bank digital currency must support the dominance of the dollar, Treasury Secretary Janet Yellen said Thursday.  A CBDC “could become a form of trusted money comparable to physical cash” and offer some of the benefits of digital assets, Yellen said. But issuing a digital dollar would take years of development, not months,...Read More

Immigrant scientist Katalin Kariko delivers a speech after receiving the Princesa de Asturias award … [+] for Scientific and Technical Research during the 2021 Princess of Asturias award ceremony at the Reconquista Hotel in Oviedo, in Spain, on October 22, 2021. (Photo by ANDER GILLENEA/AFP via Getty Images) AFP via Getty Images In 2022, a...Read More

peepo/iStock via Getty Images WAR Three months ago, when I was writing my previous letter to shareholders, I had absolutely no idea that I would be writing today’s letter in a situation when war is raging near our borders. Yes, in retrospect, we can say that many things pointed to that. Nevertheless, until the last...Read More