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Central bank independence is no obstacle to low rates, says ECB’s Villeroy

PARIS (Reuters) -Central bank independence does not stand in the way of low interest rates, French ECB policymaker Francois Villeroy de Galhau said on Wednesday, joining a growing chorus of central bankers defending the Federal Reserve against White House interference. U.S. President Donald Trump is ...
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Podcasters and influencers: The unexpected jobs covered under Trump’s ‘no tax on tips’ plan

WASHINGTON (AP) — Golf caddies, blackjack dealers and house painters are among the jobs covered under the Trump administration’s preliminary list of occupations not required to pay income tax on their tips under Republicans’ new tax cuts and spending bill. A bit more unexpected? Podcasters ...
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US trade panel receives patent request to block liquid crystal display imports

WASHINGTON (Reuters) -The U.S. International Trade Commission said on Wednesday it has received a trade complaint seeking to block imports of liquid crystal displays used in televisions and other devices that allegedly violate a U.S. company’s patent. The complaint, filed by BH Innovations LLC, alleges ...
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Trump says US might have to unwind trade deals with EU, others if it loses tariff case

WASHINGTON (Reuters) -President Donald Trump said on Wednesday the United States might have to “unwind” trade deals it has clinched with the European Union, Japan and South Korea, among others, if it loses a Supreme Court case on the legality of tariffs. Trump, speaking to ...
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Starbucks rolls out AI for inventory counting

By Waylon Cunningham -Starbucks is rolling out a new system for counting inventory that uses artificial intelligence technology to its more than 11,000 company-owned stores in North America by the end of September, the global coffee chain announced on Wednesday. The system has workers scan inventory ...
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Canadian PM says he spoke to Trump on Monday, had good conversation

OTTAWA (Reuters) -Canadian Prime Minister Mark Carney said on Wednesday that he had a lengthy and productive conversation with U.S. President Donald Trump on Monday, covering trade issues and other topics. His comments are another recent indication that bilateral tensions might be lessening. The two sides ...
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US reconsidering approval of another Massachusetts offshore wind farm

(Reuters) -The Trump administration is reconsidering the approval of Iberdrola’s planned New England Wind project off the coast of Massachusetts, according to a court filing on Wednesday. Attorneys for the Department of Justice said they would move by October 10 to vacate the U.S. Bureau ...
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JPMorgan Private Bank names Catania head for continental Europe

MILAN (Reuters) -JPMorgan said it had named Sarah Catania head of its private banking business for continental Europe, reporting to Pablo Garnica, chief executive of JPMorgan Private Bank for Europe, Middle East and Africa. The U.S. bank also said in an emailed note that Pietro ...
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Thomas Schumacher, who led Disney Theatrical Group to historic success, is leaving the company

NEW YORK (AP) — Thomas Schumacher, who led Disney Theatrical Group for decades and helped it produce enduring musical theater hits like “The Lion King” and “Aladdin,” changing Times Square and Broadway itself, is leaving the company. Alan Bergman, co-chairman of Disney Entertainment, announced the ...
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From Tokyo to London, bond investor fears over fiscal discipline leave markets on edge

By Yoruk Bahceli and Junko Fujita LONDON/TOKYO (Reuters) -A degree of calm settled on the world’s biggest bond markets on Wednesday, but concerns about the fiscal health of big economies from Japan to Britain and France kept long-dated borrowing costs pinned near multi-year highs. Worries about ...
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One month into strike, Boeing Defense stands by its last contract offer 

(Corrects spelling of Boeing executive Dan Gillian’s last name) By Dan Catchpole (Reuters) -Boeing Defense said Wednesday it would consider “minor adjustments” to its last contract offer to roughly 3,200 union members on strike in the St. Louis area, where it produces fighter jets and ...
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Weak commercial aircraft bookings weigh on US factory orders in July

WASHINGTON (Reuters) -New orders for U.S.-manufactured goods fell in July, pulled down by weakness in commercial aircraft bookings, but businesses appeared to have maintained a strong pace of spending on equipment early in the third quarter. Factory orders decreased 1.3% after an unrevised 4.8% drop ...
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