Markets / Wall Street

Lebanon farmers union calls on Saudi to repeal produce ban

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BEIRUT — Lebanon’s farmers union described as “arbitrary and unjust” the decision by Saudi Arabia to ban Lebanese produce from going through the kingdom...

Honda to phase out gas-powered cars by 2040 in N. America

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NEW YORK — Japanese automaker Honda said Friday that it plans to phase out all of its gasoline-powered vehicles in North America by 2040,...

Greece closer to investment grade with ratings upgrade

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Greece moved closer to investment grade late Friday after Standard & Poor’s upgraded its sovereign rating for the debt-strapped country by one notch to...

UK sees budget deficit rise to highest rate since 1946

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LONDON — Britain has seen its budget deficit rise during the coronavirus pandemic to its highest level since the year after the end of...

Saudi bans Lebanese produce because of drug smuggling

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BEIRUT — Saudi Arabia will ban Lebanese fruits and vegetables entering the kingdom or passing through it because those shipments have been increasingly used...

America’s gas-fueled vehicles imperil Biden’s climate goals

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DETROIT — For President Joe Biden to reach his ambitious goal of slashing America’s greenhouse gas emissions in half by 2030, huge reductions would...

Pope meets with Lebanon’s PM-designate, urges end of crises

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VATICAN CITY — Pope Francis met Thursday with Lebanese Prime Minister-designate Saad Hariri and urged all of Lebanon's political leaders to “urgently commit themselves...

With Europe’s economy lagging, ECB to keep stimulus running

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FRANKFURT, Germany — The European Central Bank is expected to signal Thursday that even if inflation rises later this year it won't consider cutting...

Pope meets with Lebanon’s PM-designate, urges end of crises

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VATICAN CITY — Pope Francis met Thursday with Lebanese Prime Minister-designate Saad Hariri and urged all of Lebanon's political leaders to “urgently commit themselves...

Union Pacific profit down 9% but economy will grow in 2021

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OMAHA, Neb. — Union Pacific's first-quarter profit declined 9% as the railroad delivered less freight and its revenue fell, but it said the economy...