U.S. Steel plans to lay off hundreds of workers in Michigan

United States Steel Corp (X.N) will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with the State of Michigan. In a Worker Adjustment and Retraining Notification filed on Aug. 5, the Pittsburgh-based company said it expects to let go fewer …

Some Russian radiation sensors back online: global network operator

The radioactive-particle sensors of at least one of the stations in Russia that went offline after a mysterious blast in the country’s far north are transmitting again, the operator of the global network to which they belong said on Tuesday. FILE PHOTO: Secretary General of the Commission for the Comprehensive Nuclear-Test-Ban Treaty Organization (CTBTO) Lassina …

Italy’s Di Maio signals imminent end of government, thanks Conte

Luigi Di Maio, head of the ruling 5-Star Movement, signaled the imminent demise of Italy’s coalition government on Tuesday by thanking Prime Minister Giuseppe Conte for his time in office. “Whatever happens, I wanted to tell you that it was an honor to work together in this government,” said Di Maio, who serves as deputy …

Exclusive: EU contests Johnson letter, says backstop only way to keep Irish border open – document

The European Union “contests” British Prime Minister Boris Johnson’s call for the Brexit backstop to be dropped and regrets his bid to scrap a “necessary, legally operative solution” to avoid erecting an Irish border, a document seen by Reuters says. The note sets out the agreed joint position of the 27 EU states staying on …

Global stocks inch higher as stimulus hopes spur tentative rebound

Stock markets edged higher on Tuesday as investors welcomed signs that more monetary and fiscal stimulus was on its way, hoping more easing would help stave off a major global economic downturn. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 19, 2019. REUTERS/Staff After a tumultuous …

Elanco to become No.2 in animal health with $7.6 billion Bayer deal

Elanco Animal Health (ELAN.N) agreed to buy Bayer’s (BAYGn.DE) veterinary drugs unit on Tuesday in a cash and stock deal valued at $7.6 billion, creating the second largest animal health business and expanding Elanco’s reach online. FILE PHOTO: Elanco Animal Health Inc. President and CEO Jeff Simmons, speaks during an interview at the New York …

Inverted what? Searches for obscure financial term spike on Google

Inverted what? FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 14, 2019. REUTERS/Eduardo Munoz Searches on Google for “inverted yield curve” have spiked after the unusual bond market phenomenon presented itself last week for the first time in over 12 years and helped tank …

EU rebuffs British PM Johnson’s opening Brexit bid

Prime Minister Boris Johnson’s demand that the European Union reopen the Brexit divorce deal was rebuffed on Tuesday by the bloc, which said Britain had failed to propose any realistic alternative to an agreed insurance policy for the Irish border. FILE PHOTO: Britain’s Prime Minister Boris Johnson delivers a speech outside Downing Street in London, …