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☆ Fitch slashes U.S. growth forecast for 2022 and 2023 - CNN
  + stars: | 2022-10-18 | by ( ) www.reuters.com   time to read: +1 min
Oct 18 (Reuters) - Ratings agency Fitch has slashed growth forecasts for the United States for this year and next and will warn on Tuesday that the Federal Reserve's interest rate hikes and inflation will drive the U.S. economy into a 1990-style recession, CNN said. U.S. GDP is now expected to grow by just 0.5% next year, down from 1.5% in the firm's June forecast, CNN reported, citing a Fitch report obtained by them. U.S consumer prices increased more than expected in September and underlying inflation pressures continued to build, reinforcing expectations that the Federal Reserve will deliver a fourth 75-basis points interest rate hike next month. Despite the continued moderation as supply chains ease and oil prices retreat from the highs seen in the spring, inflation is running way above the Fed's 2% target. Register now for FREE unlimited access to Reuters.com RegisterReporting by Akriti Sharma and Shivani Tanna in Bengaluru; Editing by Andrew Heavens and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.
☆ Quake strikes in Pacific off Central America, no reports of damage
  + stars: | 2022-10-16 | by ( ) www.reuters.com   time to read: +1 min
Oct 16 (Reuters) - A magnitude 6.3 earthquake struck in the Pacific Ocean between Central America and the Galapagos Islands on Sunday morning, the U.S. Geological Survey (USGS) said, but there were no initial reports of damage. The quake hit at a depth of 10 kilometers (6 miles), according to the USGS, and the U.S. Tsunami Warning Center said no warning had been issued for a potential tsunami. A spokesperson for civil protection authorities in Panama said they had not received word of any impact. Authorities in Ecuador, of which the Galapagos Islands are part, likewise did not have any immediate reports of damage from the quake. Earlier, the European-Mediterranean Seismological Centre had reported the quake at a magnitude of 6.4.
☆ Bill & Melinda Gates Foundation pledge $1.2 billion to eradicate polio
  + stars: | 2022-10-16 | by ( ) www.reuters.com   time to read: +2 min
Oct 16 (Reuters) - Bill & Melinda Gates Foundation said on Sunday that it will commit $1.2 billion to support efforts to end all forms of polio globally. Polio is a highly infectious disease spread mainly through contamination by faecal matter, used to kill and paralyse thousands of children annually. Governments and foundations aim to end polio in Pakistan and Afghanistan, the last two countries where the virus continues to circulate. But our foundation remains dedicated to a polio-free future, and we're optimistic that we will see it soon," said Mark Suzman, CEO of the Bill & Melinda Gates Foundation, which is run by Microsoft Corp (MSFT.O) co-founder Bill Gates and his ex-wife Melinda French Gates. The Gates Foundation is part of the GPEI, a major project between governments and international organisations.
☆ Lloyd's of London says no evidence found of data compromise from cyberattack
  + stars: | 2022-10-10 | by ( ) www.reuters.com   time to read: 1 min
Oct 10 (Reuters) - Lloyd's of London said on Monday that its investigation into a possible cyberattack had found no evidence of data compromise. "The investigation has concluded that no evidence of any compromise was found and as such Lloyd's has been advised that its network services can now be restored," a company spokesperson said in an email. The commercial insurance market detected unusual activity on its network, it said last week, putting companies on high alert for intrusions as a result of a conflict between Russia and Ukraine. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Shivani Tanna in Bengaluru and Carolyn Cohn; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
☆ What’s in Our Queue? ‘Never Have I Ever’ and More
  + stars: | 2022-09-21 | by ( Shivani Gonzalez | ) www.nytimes.com   time to read: 1 min
Podcast: ‘Gilmore Guys’Many of us are prepping for our annual fall rewatch of “Gilmore Girls,” and this podcast is the perfect companion. It is hosted by Kevin Porter, a die-hard fan of the show, and Demi Adejuyigbe, who, before starting the podcast, had never seen an episode. (And in case anyone was wondering, #TeamJess.)
☆ Boeing to slash nearly 150 finance jobs in U.S.
  + stars: | 2022-09-21 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterThe Boeing logo is seen on the side of a Boeing 737 MAX at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. REUTERS/Peter Cziborra/File PhotoSept 20 (Reuters) - Planemaker Boeing Co (BA.N) said on Tuesday it plans to cut about 150 finance jobs in the United States this year to simplify its corporate structure and focus more resources into manufacturing and product development. The company will reduce staffing in its information technology and finance departments, Boeing said in an emailed statement to Reuters. In September 2020, the FAA said it was investigating manufacturing flaws in some 787 jetliners. Register now for FREE unlimited access to Reuters.com RegisterReporting by Shivani Tanna in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.
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