US budget: Spending deal reached as shutdown deadline looms

Business & FinanceGovernment 14 December 2023, 5:25 am 1 minute Reuters exclusively reported that Austria is seeking to have Raiffeisen Bank International, the biggest Western bank in Russia, struck off a Ukrainian blacklist in return for signing off fresh European Union sanctions on Russia, said two people familiar with the situation.  Market Impact Raiffeisen’s presence…

China has slapped export controls on graphite, a key mineral used to make steel and electric car batteries, ratcheting up a trade fight with the United States over the technologies needed to wean the world’s economy off planet-heating fossil fuels. The measures, announced Friday in a joint declaration from Beijing’s Ministry of Commerce and the…

A new rule allows airlines in the US to ban emotional support animals from riding in the cabin, ending a system that led to everything from turtles to pigs, snakes, and even turkeys riding alongside their owners. Last year, the Department of Transportation issued guidance stating that dogs, cats, and miniature horses could be accepted…

The global supply chain is feeling the fallout from Iran-backed Houthi rebels attacking vessels in the Red Sea. Freight prices are set to jump Monday, while longer transit times around Africa are disrupting and delaying deliveries of products. Vessels aren’t able to come back to Asia in time, and ocean carriers are canceling sailings on…

The firm’s executive chair said HS2’s costs had risen so much over the past decade because of poor cost estimating, changes to the project’s scope, some poor delivery and the impact of inflation. He added that decisions to delay parts of the project for cashflow reasons, could end up meaning they cost more, and that…

About 120,000 workers at the supermarket will see their wages increase by more than 9% from March.