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British lawmakers call on government to put an end to throwaway fashion

9 hours ago DieselGasoil Comments Off on British lawmakers call on government to put an end to throwaway fashion
MADRID (Reuters) – A cross-party group of British lawmakers recommended on Tuesday that brands and retailers in the fashion industry should pay a penny per garment to fund better clothing waste collection following an eight-month inquiry into the sector. The British buy more clothes per person than any other country in Europe, the report published Read More

Citi to double Brazil commercial bank unit's assets by 2020

17 hours ago DieselGasoil Comments Off on Citi to double Brazil commercial bank unit's assets by 2020
FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo SAO PAULO (Reuters) – Citigroup Inc plans to double its Brazilian commercial banking unit’s assets by 2020, thanks to growth in loans to mid-sized companies, department head Antonio Rubens Read More

Reality сheck: When life gives you lemons… make up bulls*** about Russia?

21 hours ago DieselGasoil Comments Off on Reality сheck: When life gives you lemons… make up bulls*** about Russia?
Coverage of Russia in US media is frequently lazy, misinformed and inaccurate, but sometimes it dives off the deep end into bat s*** crazy absurdity. This was a real Forbes headline: “Want To Find A Rich Person In Russia? Look For The Lemons.”  Below the line, one Lizzy Saxe wrote “wealthy Russians really like to Read More

The Week In Review: Retail Sales Confirm A Slowing Economy

3 days ago DieselGasoil Comments Off on The Week In Review: Retail Sales Confirm A Slowing Economy
Retail sales for December 2018 showed consumers backed away from the spending trough. Is this a precursor for things to come? Retail sales release for December was delayed due to the government shutdown. To understand graphically how bad the headline data was for retail sales, the graph below adjusts the Read More

Germans go gaga for Russian food discounter Mere amid nostalgia for ‘Iron Curtain’ era

3 days ago DieselGasoil Comments Off on Germans go gaga for Russian food discounter Mere amid nostalgia for ‘Iron Curtain’ era
A Russian grocery retailer was nearly forced to close during its grand opening week in Germany when a huge crowd of Leipzig locals arrived and gobbled up almost the entire inventory. The promising slogan ‘Only Lowest Prices Everyday’ evoked an enormous demand during the first days after the opening that toppled the most optimistic forecasts. Read More

Fed policymakers see one U.S. rate hike, or none, as growth slows

3 days ago DieselGasoil Comments Off on Fed policymakers see one U.S. rate hike, or none, as growth slows
BIRMINGHAM, Ala./SAN FRANCISCO (Reuters) – When the Federal Reserve last month adopted a new “patient” approach to monetary policy, it gave no specific guidance about how long its policy pause would last, or how many more interest-rate increases, if any, were in the offing. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, Read More

Wall Street gains as trade talks advance; Trump to declare emergency

4 days ago DieselGasoil Comments Off on Wall Street gains as trade talks advance; Trump to declare emergency
(Reuters) – U.S. stocks posted broad-based gains on Friday, led by a rebound in financials, as investors were optimistic about the ongoing trade talks to resolve a bruising tariff dispute between the United States and China. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. Read More

US and China hail 'progress' at trade war truce talks

4 days ago DieselGasoil Comments Off on US and China hail 'progress' at trade war truce talks
The US and China are to hold further trade war peace talks in Washington next week after both sides hailed “progress”. A week of negotiations in China’s capital, which latterly included a banquet for US trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, were aimed at securing enough progress to avert an escalation. US Read More

European shares recover after weak data wobble

4 days ago DieselGasoil Comments Off on European shares recover after weak data wobble
LONDON (Reuters) – European shares recovered on Friday after weak U.S. and Chinese economic data earlier sent global equity markets into a dive. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei Kato After opening lower, Europe’s STOXX 600 nudged up 0.2 percent despite weakness in Read More