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Putin: No need for another Cuban missile crisis over US-Russia dispute

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If the US choses to deploy intermediate-range missiles in Europe, it would escalate the tension to a level similar to that of the 1962 Cuban missile crisis for no reason whatsoever, Russian President Vladimir Putin argued. The Russian president met journalists on Wednesday night to elaborate on his earlier address on the state of the Read More

Southwest probes cancellations, says shutdown cost $60 million

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(Reuters) – Southwest Airlines Co added a $60 million hit from the recent U.S. government shutdown to its list of headaches on Wednesday as it investigated whether a conflict with its mechanics union was adding to a rise in flight cancellations. The United States’ fourth-largest airline also cut its forecast for first-quarter revenue per seat Read More

Spain proposes $53 billion public investment in climate change plan

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MADRID (Reuters) – Spain’s Socialist government announced a 47 billion euro ($53 billion) public investment plan on Wednesday to tackle climate change over 10 years, which would be partly financed by issuing green bonds. FILE PHOTO: Spain’s Prime Minister Pedro Sanchez reacts during a session at Parliament in Madrid, Spain, February 13, 2019. REUTERS/Sergio Perez/File Read More

Spain proposes 47 billion euros public investment as part of 10-year climate change plan

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MADRID (Reuters) – Spain’s government proposed public investment, including the issuing of green bonds, of 47 billion euros ($53.3 billion) as part of its 10-year climate change draft plan presented on Wednesday. The draft, which also includes a plan to offset job loss in polluting industries and the goal of being carbon neutral by 2050, Read More

Wall Street rises modestly on Walmart bump

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NEW YORK (Reuters) – U.S. stocks gained ground on Tuesday as upbeat results from Walmart boosted investor sentiment and high-level U.S.-China trade talks resumed in Washington. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 19, 2019. REUTERS/Brendan McDermid All three major U.S. equity indexes closed higher, Read More

Exclusive: Fed's Williams says new economic outlook necessary for rate hikes

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NEW YORK (Reuters) – New York Fed President John Williams on Tuesday said he was comfortable with the level U.S. interest rates are at now, and sees no need to raise them again unless growth or inflation shifts to an unexpectedly higher gear. FILE PHOTO: John Williams, gestures as he addresses a news conference in Read More

Wall Street ekes out gains on upbeat Walmart results

2 days ago DieselGasoil Comments Off on Wall Street ekes out gains on upbeat Walmart results
NEW YORK (Reuters) – U.S. stocks gained modestly on Tuesday as upbeat results from Walmart boosted investor sentiment and high-level U.S.-China trade talks resumed. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 19, 2019. REUTERS/Brendan McDermid All three major U.S. equity indexes edged higher, with the Read More

Poland rejects EU army, wants US & NATO help instead

6 days ago DieselGasoil Comments Off on Poland rejects EU army, wants US & NATO help instead
Poland’s Foreign Minister has dismissed the idea of creating an EU army independent of NATO at the Munich Security Conference. Poland, he said, needs “an American presence” to compete with Russia. Combining the military forces of the EU’s 28 member states has long been a dream of some EU leaders. French President Emmanuel Macron talked Read More