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Polish PM Tusk says he received threats after assassination attempt on Slovakia's PM May 16, 2024 10:21AM

WARSAW (Reuters) - Polish Prime Minister Donald Tusk said on Thursday he received threats after the assassination attempt on his Slovakian counterpart, with a media outlet reporting his security protection would be strengthened.

Slovakia's Prime Minister Robert Fico was shot five times at close range on Wednesday, spurring international condemnation and calls for a calming of political tensions.

"There was a lot of it yesterday," Tusk... (continue reading...)


Fewer people in the US plan to buy EVs this year, study shows May 16, 2024 10:19AM

(Reuters) - The number of buyers in the U.S. considering an electric vehicle purchase in 2024 has fallen from a year ago due to a shortage of affordable cars, inadequate charging infrastructure and ignorance about EV benefits, a study by J.D. Power has shown.

Other factors contributing to waning EV demand in the United States include stubborn inflation, high interest rates and underwhelming growth in model availability, the study said.

... (continue reading...)


US Supreme Court backs consumer finance watchdog agency's funding mechanism May 16, 2024 10:13AM

By John Kruzel

WASHINGTON (Reuters) -The U.S. Supreme Court on Thursday upheld the Consumer Financial Protection Bureau's funding mechanism in a challenge brought by the payday loan industry, handing a victory to President Joe Biden's administration and a setback to the agency's conservative critics.

The 7-2 decision reversed a lower court's ruling that the CFPB's funding design - drawing money each year from the Federal Reserve instead of... (continue reading...)


Analysis-Upturn in Egypt's economic fortunes tempered by caution on reform May 16, 2024 10:10AM

By Patrick Werr and Aidan Lewis

CAIRO (Reuters) - Egypt appears on track to break with past practice and let its currency float in line with IMF-backed reforms, but structural changes that could pull the country out of a cycle of bailouts look less likely.

After two years of chronic foreign currency shortages, Egypt has secured a windfall of funding since late February including $24 billion in new funds for a UAE project to develop a... (continue reading...)


The world skirted a wage-price spiral, though "last mile" risks remain -research May 16, 2024 10:04AM

By Howard Schneider

WASHINGTON (Reuters) - Developed economies have so far skirted a damaging wage price spiral from the breakout of inflation that followed the pandemic, two top economists have concluded, with a relatively painless landing from the episode possible in some countries but not yet assured.

For the U.S. in particular, increased productivity and the drop in inflation so far "might even require no increase in unemployment" for... (continue reading...)


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