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baltimoreandpotomactunnel jan31 President Joe Biden has announced a $4 billion project to replace the 150-year-old Baltimore And Potomac Tunnel. Biden traveled to Baltimore, Maryland, to kick off the major project funded by the Bipartisan Infrastructure Law. The president, who has the nickname "Amtrak Joe," recalled delays he encountered at the tunnel when travelling via rail between Delaware and Washington D.C. as a Senator.

Portugal's economic growth moderated for the third straight quarter in the three months ended December amid a deceleration in the growth of domestic demand due to a decrease in private consumption and investment, flash data from Statistics Portugal showed on Tuesday. Separate official data revealed that consumer price inflation eased for the third consecutive month in January.

pfizer jan31 Drug major Pfizer Inc. reported Tuesday higher earnings in its fourth quarter, above market estimates, and an all-time high revenues in its fiscal 2022. Meanwhile, the company projects sharply lower adjusted earnings and revenues in its fiscal 2023, below Wall Street estimates, reflecting projected decline for COVID-19 products. In pre-market activity on the NYSE, Pfizer shares were losing around

ukrainewar jan31 President Joe Biden has ruled out providing F-16 fighter jets to Ukraine despite repeated calls by his Ukrainian counterpart to help strengthen his forces' tough fight against Russia. After Marine One arrival at the South Lawn Monday, a reporter asked Biden if the United States will provide F-16s to Ukraine. The President answered, "No." In light of Russia's increased missile and drone attacks

eurozone 112819 31jan23 Euro area narrowly escaped a shrinkage in the fourth quarter, but the growth remained modest on weaker consumer spending amid high inflation. Gross domestic product grew 0.1 percent sequentially after rising 0.3 percent in the third quarter, preliminary flash estimates from Eurostat showed on Tuesday. Economists had forecast the single currency bloc to shrink 0.1 percent.

wallstreet janu31 Earnings as well as geo-political developments might be influencing investor sentiments on Tuesday. The FOMC meeting has begun today. The U.S. Federal Reserve is due to announce its policy decision on Wednesday. It is widely expected that 25 basis-point lift will be there as inflation might be cooling. Fed...

italyflag nov16 31jan23 Italian economy shrank marginally in the fourth quarter of 2022 after expanding in the previous seven quarters, led by weaker domestic demand and lackluster industrial and farm sector performance, preliminary data from the statistical office ISTAT showed on Tuesday, triggering fears of a mild recession. Gross domestic product shrank 0.3 percent sequentially in the December quarter.

ukhouse nov01 31jan23 UK mortgage approvals declined to the lowest level in more than two years in December as the cost of living crisis and the rising interest rate took its toll on the property market. The number of mortgages approved for house purchases fell to 35,600 in December from 46,200 in November, data from the Bank of England revealed Tuesday.

germanyunemployment jan21 31jan23 Germany's unemployment rate remained unchanged at a low level at the start of the year despite the economy showing signs of a recession, official data revealed on Tuesday. The unemployment rate held steady at 5.5 percent in January, the Federal Labor Agency reported. The rate also matched economists' expectations.

francefalg april30 31jan23 Inflationary pressures in the French economy continued unabated at the start of the year as consumer price inflation and the EU harmonized rate accelerated in January and producer price growth remained strong, even as the economy narrowly escaped a recession in the fourth quarter, thus validating the tightening stance of the European Central Bank that is set to hike rates further this week.

ubs jan31 Swiss banking giant UBS Group AG reported Tuesday a higher profit in its fourth quarter with drop in operating expenses, while revenues were weak. Further, the company lifted its dividend, and said it plans more than $5 billion share repurchase. UBS shares were losing around 3 percent in Swiss trading as well as in pre-market activity on the NYSE.

jj jan31 A U.S. appeals court has rejected Johnson & Johnson's bankruptcy move, saying that it can't escape from nearly 40,000 lawsuits filed by women who claimed to have developed ovarian cancer after using its asbestos contained talcum powder products. J&J, which already withdrew its talc-based baby powder, is now required to defend itself against these thousands of ovarian cancer claims.

marketopen 011519 31jan23 European stocks declined on Tuesday as investors awaited the Federal Reserve's rate decision due Wednesday and the accompany statement for clues about the outlook for further rate hikes. The Bank of England and the European Central Bank are also scheduled to announce their rate decisions this week....

european market 021219 31jan23 Asian stocks fell on Tuesday despite stronger purchasing managers' index data from China. As recession worries mount, investors awaited a slew of central bank decisions this week for direction. The U.S. Federal Reserve is due to announce its policy decision on Wednesday, with economists expecting...

germanyindustrial july08 31jan23 Germany's import price inflation eased less-than-expected in December to the lowest level in just over one-and-a-half years amid a continued slowdown in the energy prices, data published by Destatis revealed on Tuesday. Import prices logged a double-digit annual growth of 12.6 percent in December, slower than the 14.5 percent surge in November.

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