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Exclusive: Investors with $34 trillion demand urgent climate change action

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LONDON (Reuters) – Investors managing more than $34 trillion in assets, nearly half the world’s invested capital, are demanding urgent action from governments on climate change, piling pressure on leaders of the world’s 20 biggest economies meeting this week. FILE PHOTO: A commuter walks along Waterloo Bridge, which is being blocked by climate change activists, Read More

Wall Street sinks as hopes fade for rate cuts, trade progress

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NEW YORK (Reuters) – Wall Street stock indexes fell on Tuesday, led by a sharp selloff in technology shares, as simmering trade concerns and disappointing economic data sent buyers to the sidelines, while the Federal Reserve chairman pushed back on pressure from President Donald Trump to cut interest rates. FILE PHOTO: Traders work on the Read More

Fed pushes back on aggressive U.S. rate cut views

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NEW YORK (Reuters) – Federal Reserve officials on Tuesday pushed back on market expectations and presidential pressure for the central bank to deliver a significant U.S. interest rate cut of half a percentage point as soon as its next meeting. Chairman Jerome Powell defended the central bank’s independence from President Donald Trump and financial markets, Read More

Powell says Fed insulated from politics, wrestling with rate cuts

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NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is “insulated from short-term political pressures,” and that its policymakers are wrestling with whether to cut interest rates as President Donald Trump has demanded. FILE PHOTO: Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal Read More

Wall Street drops on trade worries, Fed Chair Powell’s speech

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NEW YORK (Reuters) – Wall Street lost ground on Tuesday as simmering trade concerns, combined with disappointing economic data, sent buyers to the sidelines, where they remained after Federal Reserve Chair Jerome Powell pushed back on pressure from President Donald Trump to cut rates. FILE PHOTO: Traders work on the floor at the New York Read More

Instant view: Powell – Fed is ‘insulated’ from short-term political pressure

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(Reuters) – Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is “insulated from short-term political pressures,” as policymakers faced new calls by President Donald Trump to cut interest rates. FILE PHOTO: Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal Open Market Committee meeting in Washington, U.S., Read More

Goad, threaten, backtrack: Trump & Bolton’s Iran policy is confusing, dangerous & achieves NOTHING

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Washington’s fuzzy and high-drama “maximum pressure” approach to Iran has no realistic endgame – but is good for making the world a more unstable place for both America’s adversaries and allies. National Security Advisor John Bolton’s Tuesday claim that US diplomats are “surging” across the Middle East in search of a “path to peace” only Read More

Trapped in simulation: Can computer models replace real testing of passenger aircraft?

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“It was safe in theory, get in,” are not the words you want to hear while boarding a flight. As Boeing reportedly seeks to reduce real-life testing of its planes, experts doubt that this approach will ever replace genuine tests. The US aircraft manufacturer Boeing appears to have some far reaching plans on reducing actual Read More

India to ‘make clear’ to US that S-400 deal with Moscow ‘can’t be wished away’ – report

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New Delhi plans to convince the US to grant it a waiver on buying the S-400 air defense missile systems from Moscow, a report says. “We have a longstanding defense relationship with Russia we cannot wish away,” a diplomatic source told NDTV ahead of US Secretary of State Mike Pompeo’s visit to New Delhi on Read More

AbbVie looks beyond Humira with $63 billion deal for Botox-maker Allergan

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(Reuters) – Drugmaker AbbVie Inc said on Tuesday it would buy Botox-maker Allergan Plc for about $63 billion, grabbing control of the biggest name in medical aesthetics to help reduce its reliance on blockbuster arthritis treatment Humira. AbbVie has been under pressure to diversify its portfolio as Humira, the world’s best-selling drug, is already in Read More