The Italian government approves the 2023 budget of 35 billion euros to boost the economy

The budget finds more than 21 billion euros to tame energy bills Additional energy company profits are taxed at 35%. Includes amnesty for tax arrears, lowering the retirement age Relaunching a bridge project linking Sicily with the mainland ROME (Reuters) – Italy’s new right-wing government approved its first budget on Tuesday, a package focused on … Read more

The Fed raised interest rates by 50 basis points, but the peak interest rate could be higher

BENGALURU (Reuters) – The Federal Reserve will drop in December to raise interest rates by 50 basis points, but economists polled by Reuters say a longer period for US central bank tightening and a higher interest rate hike are the biggest. Risks to the current outlook. US consumer inflation unexpectedly fell below 8% last month, … Read more

Retail sales in the United States are rising strongly. Raised GDP estimates for the fourth quarter

Retail sales rose 1.3% in October Core retail sales rose 0.7%; September Sales Review Import prices fell for the fourth month in a row industrial production rose 0.1%; Previous months revised down WASHINGTON (Reuters) – U.S. retail sales increased more than expected in October as households stepped up purchases of cars and a range of … Read more

Doubts about Russia’s exclusive oil ceiling raise insurer’s concerns about ships leaving at sea

LONDON/BRUSSELS (Reuters) – Two senior oil industry executives told Reuters that tankers laden with oil risked being left at sea if insurers did not come up with urgent clarification on an incomplete plan of the Group of Seven and the European Union to cap the price of Russian crude. The Group of Seven, which includes … Read more

Lula’s honeymoon ends with Brazilian markets amid concerns over spending plan

BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva’s short honeymoon with financial markets appeared to be over on Thursday, as he sought to create more room to increase social spending without setting long-term fiscal rules or naming top economic policy makers. . Brazil’s currency and the Bovespa stock exchange benchmark (.BVSP)Which rose last … Read more

COP27: Polluters must pay for climate change, poor countries say to the rich

Island nations demand global carbon tax “While they win, the planet is burning” Fears grow over hunger striker imprisoned in Egypt SHARM EL-SHEIKH, Egypt (Reuters) – Leaders of poor countries criticized rich governments and oil companies for causing global warming, using their speeches on Tuesday at the COP27 climate summit in Egypt to demand that … Read more

Macron supports climate change trillions – Politico

Click play to listen to this article SHARM EL-SHEIKH, Egypt – Climate change talks have long been bogged down by demands to transfer billions of dollars – on Monday, French President Emmanuel Macron backed a new push for talks that will be measured in trillions. Speaking at the COP27 Climate Summit in Sharm El Sheikh, … Read more

Ukraine grain export deal returns as Russia resumes participation

Turkey says the grain deal will resume at noon on Wednesday Russia says it has received guarantees from Ukraine The stated guarantees do not go further than the original deal ANKARA/Kyiv (Reuters) – Russia said on Wednesday it would resume its participation in a deal to free up vital grain exports from war-torn Ukraine after … Read more

Doctors decry ‘record profits’ for fossil fuel companies

A man wearing a mask rows his boat while bushfire smoke covers Seattle, Washington Photograph: Karen Dossey/Reuters Doctors target the fossil fuel industry, blaming the world’s most serious health problems on companies that continue to seek profits from oil and gas even as climate change worsens heat waves, intensifies floods, and upsets people’s mental health. … Read more