Reuters Wire
Chinese Economic ‘Pivot’ Could Seek to Take Advantage of High US Interest Rates: Reuters
By Jamie McGeever What the Fed taketh away, China could be about to giveth back. Speculation is mounting that China may make substantial changes to its zero-COVID policy soon and begin opening the economy back...
Twitter to Delay Badge Changes Until After US Midterm Elections: NYT
Twitter is delaying the rollout of verification check marks to subscribers of its new $8 a month service until after Tuesday's midterm elections, the New York Times reported on Sunday, Nov. 6. Twitter did not...
Imran Khan Supporters Stage Protests, Demand Political Change in Pakistan
Police used tear gas to disperse supporters of former Pakistani prime minister Imran Khan who had blocked roads in Islamabad on Friday (Nov. 4), a day after he survived what his aides said was an...
US Announces $400 Million in New Military Aid for Ukraine
By Idrees Ali, Mike Stone and Jan Lopatka WASHINGTON — The United States on Friday announced an additional $400 million in military aid to Ukraine, including refurbishing T-72 tanks and missiles for HAWK air defense...
Oil Climbs as Dollar Slips, but Demand Fears Keep a Lid on Gains
By Sonali Paul MELBOURNE - Oil prices turned higher on Friday as the dollar eased, but gains were capped by recession fears and fresh concerns that COVID outbreaks will dent fuel demand in China. Brent...
Musk Orders Twitter to Cut Infrastructure Costs by $1 Billion -Sources
By Sheila Dang, Paresh Dave, and Katie Paul Elon Musk has directed Twitter Inc's teams to find up to $1 billion in annual infrastructure cost savings, according to two sources familiar with the matter and...
Germany’s Scholz Tests China Ties With Inaugural Visit, to Discuss Ukraine
By Riham Alkousaa and Eduardo Baptista BERLIN - German Chancellor Olaf Scholz arrives in China on a one-day trip on Friday, becoming the first G7 leader to visit since the start of COVID-19 and President...
South Korea Steps up Monitoring in Crowded Subways After Halloween Crush
By Soo-Hyang Choi SEOUL - South Korea is beefing up monitoring at crowded subway stations following a deadly Halloween crush that killed more than 150 people in Seoul, officials said on Friday. The annual festivities...
US Labor Market Unwavering Despite Stiff Interest Rates Hikes
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market remains strong despite slowing domestic demand amid stiff interest rate hikes from the Federal Reserve to tame...
Lyft to Lay Off 683 Employees in Cost-cutting Push
Lyft Inc said on Thursday it would lay off 13 erpcent of its workforce, or about 683 employees, in the ride-hailing firm's latest cost-cutting step to cope with a weakening economy. As decades-high inflation hits...
US Sells Last Batch of Emergency Reserve Oil From Historic Release
The U.S. Department of Energy on Thursday said it sold 15 million barrels of oil from the Strategic Petroleum Reserve to six companies, completing the last batch of the largest-ever release from the stockpile announced...
Moderna COVID Vaccine Sales Forecasts Fall Short for 2022, 2023
Moderna Inc on Thursday cut its 2022 COVID-19 vaccine sales forecast, citing regulatory and production delays, and issued a 2023 outlook for the shots well below Wall Street estimates, sending its shares down as much...