Apr 01, 2023
US unveils stricter EV tax credit rules, effective April 18

By David Shepardson and David Lawder WASHINGTON (Reuters) -The U.S. Treasury Department unveiled stricter electric vehicle tax rules on Friday that will reduce or remove tax credits on some zero-emission models but grant buyers another two weeks before the new…

Mar 30, 2023
Manchin threatens to sue US Treasury over EV tax credit rules

By David Shepardson WASHINGTON (Reuters) -Senate Energy Committee Chair Joe Manchin said on Wednesday he may go to court after the U.S. Treasury releases guidance later this week on battery sourcing guidance for electric vehicle tax credits. "If it goes…

Mar 29, 2023
Germany unveils immigration reform plan to tackle labour shortages

BERLIN (Reuters) -Germany on Wednesday unveiled draft reforms on immigration, skills training and promoting immigration from Western Balkan countries, a bid by Chancellor Olaf Scholz's government to plug labor shortages in Europe's largest economy. "Securing our skilled labor base is…

Mar 23, 2023
BofA, UBS trim forecast for Fed funds rate amid banking crisis

(Reuters) - Bank of America and UBS trimmed their terminal rate expectations on Thursday after the U.S. Federal Reserve hinted that it might pause its rate-hike campaign due to the turmoil in the banking sector. The Fed's benchmark rate stood…

Mar 23, 2023
U.S. Fed delivers small rate hike amid global banking turmoil

By Howard Schneider, Yoruk Bahceli and Akriti Sharma (Reuters) -The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs after the…

Mar 21, 2023
Credit Suisse, UBS deal: What you need to know

(Reuters) - Investors took some heart from the rescue of troubled lender Credit Suisse by its Swiss rival UBS, though concerns lingered about the risk of shockwaves further damaging credit markets and smaller U.S. banks. Attention is now on this…

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