By Guglielmo Mangiapane
MONTEROSI, Italy (Reuters) -Producers of Pecorino Romano cheese, one of Italy's best known food exports, are lobbying to be spared new U.S. tariffs that could raise consumer prices and take a chunk out of their export market.
Gianni Maoddi, president of the Consorzio di Tutela del Pecorino Romano, said the cheese has for more than 140 years been popular in the United States, which accounts for around 40% of annual... (continue reading...)
(Reuters) -Former Federal Reserve Governor Kevin Warsh, seen as a potential successor to Fed Chair Jerome Powell, said on Thursday there needs to be a new accord between the Treasury Department and U.S. central bank, referencing a 1951 pact that separated federal debt management from monetary policy.
Warsh, now a fellow at Stanford University's Hoover Institution, said on CNBC that such an agreement between the two agencies could smooth the process of... (continue reading...)
MEXICO CITY (Reuters) -Shares in Walmart's Mexico and Central America unit, known as Walmex, slid 6% on Thursday morning, wiping off 60.9 billion pesos ($3.25 billion) from the firm's market capitalization after posting weaker-than-expected margins.
Walmex on Wednesday posted an earnings before interest, taxes, depreciation, and amortization (EBITDA) margin of 9.5%, 81 basis points below the year-ago quarter and the lowest since the same quarter in 2020.
... (continue reading...)By Bo Erickson and Patricia Zengerle
WASHINGTON (Reuters) -The Republican-controlled U.S. House of Representatives is expected to vote on Thursday on President Donald Trump's $9 billion funding cut to public media and to foreign aid, after the U.S. Senate approved the package.
House Republicans were poised to vote in favor of the funding cut package, altered by the Senate this week to exclude cuts of about $400 million in funds for a HIV/AIDS... (continue reading...)
(Reuters) -The U.S. National Highway Traffic Safety Administration (NHTSA) on Thursday asked owners of some vehicles of Swedish automaker Volvo to urgently complete a safety recall over a brake failure issue.
Volvo issued a recall in June for 11,469 vehicles of a number of models due to a loss of brake function.
The remedy for the Volvo recall is to update vehicle software through an over-the-air download, which as of July 15 has not been... (continue reading...)
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