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EU Commission plans action against Finland over excessive deficit

Bermuda Broadcasting Newsdesk -
Under EU rules, governments cannot run budget deficits of more than 3% of national output International News via Reuters: The European Commission on Tuesday proposed disciplinary...
News - World

Japan fires back at ‘unsubstantiated’ Chinese letter to UN

Bermuda Broadcasting Newsdesk -
Japan's U.N. ambassador, Kazuyuki Yamazaki, was responding on Monday to a letter China's U.N. Ambassador Fu Cong wrote on Friday to U.N. Secretary-General Antonio...
Finance

Stocks climb, US yields fall on elevated Fed cut expectations

Bermuda Broadcasting Newsdesk -
On Wall Street, the S&P 500 and Nasdaq were lower in the early stages of trading International News via Reuters: Global stocks rose on Tuesday and...
News - World

UK chooses Heathrow Airport’s $64 billion plan as basis for expansion

Bermuda Broadcasting Newsdesk -
The decision follows finance minister Rachel Reeves’ pledge in January to build a third runway at Heathrow International News via Reuters: Britain has backed Heathrow Airport's...
News - World

European car industry risks ‘irreversible decline’, Stellantis chairman warns

Bermuda Broadcasting Newsdesk -
Speaking in Turin, Elkann said the industry as a whole had drawn up a package of proposals for the European Commission to give automakers...
News - World

Pope Leo to take peace message to Turkey, Lebanon on first overseas trip

Bermuda Broadcasting Newsdesk -
Leo, the first U.S. pope, will give his first speeches to foreign governments and visit some sensitive cultural sites as part of a crowded...
News - World

UK retailers’ confidence collapses to 17-year low before budget

Bermuda Broadcasting Newsdesk -
The Confederation of British Industry said its gauge of how retail sales compared with a year earlier worsened to -32 from -27 in October International...
News - World

France seeks three-month suspension of Shein over sex dolls

Bermuda Broadcasting Newsdesk -
Shein has already disabled its marketplace - where third-party sellers offer their products to shoppers around the world - in France since November 5 International...
Finance

BoE bond sales may be pushing up borrowing costs by more than thought, research shows

Bermuda Broadcasting Newsdesk -
A study by University of Liverpool economist Costas Milas suggests that the BoE's quantitative tightening programme has raised the 10-year gilt yield by an...
News - World

Alphabet on pace to hit $4 trillion market value as AI gains momentum

Bermuda Broadcasting Newsdesk -
Shares of the company were up 4.1% at $331.7 in premarket trading, putting the company on course to breach the key milestone at the...
Finance

UK stocks edge higher with upcoming budget in focus

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 edged higher 0.2% as of 10:50 GMT, while the FTSE 250 index of domestically oriented UK firms rose 0.1% International News...
News - World

Amazon pledges up to $50 billion to expand AI, supercomputing for US government

Bermuda Broadcasting Newsdesk -
The project will add nearly 1.3 gigawatts of artificial intelligence and high-performance computing capacity across AWS Top Secret, AWS Secret and AWS GovCloud regions International...
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