BENGALURU (Reuters) -Indian billionaire Gautam Adani will control 64.71% of New Delhi Television Ltd as the company’s founders have decided to sell most of their shares, four months after he …
Reuters
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Omicron subvariant XBB jumps to 18% of U.S. COVID cases – CDC
by Reutersby Reuters(Reuters) – The highly-contagious Omicron subvariant XBB has surged to more than 50% of COVID-19 cases in the northeastern United States and risks spreading fast as millions of Americans begin …
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U.S. consumers’ 1-year inflation outlook drops to 18-month low – UMich
by Reutersby Reuters(Reuters) – U.S. consumers expect price pressures to moderate notably in the next year, with a benchmark survey on Friday showing their one-year inflation outlook dropping to the lowest in …
- Business News
Canada posts C$174 million deficit over first seven months of 2022/23
by Reutersby ReutersOTTAWA, Dec 23 (Reuters) – Canada recorded a C$174 million ($127.91 million) budget deficit for the first seven months of the 2022/23 fiscal year, partly due to higher debt charges, …
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By Hyonhee Shin SEOUL (Reuters) -North Korea fired two ballistic missiles toward the sea off its east coast on Friday, the South Korean military said, the latest in an unprecedented …
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China’s stretched health system braces for peak in COVID infections
by Reutersby ReutersBy Bernard Orr and Casey Hall BEIJING/SHANGHAI (Reuters) -China is expecting a peak in COVID-19 infections within a week, a health official said, with authorities predicting extra strain on the …
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WASHINGTON (Reuters) – U.S. President Joe Biden on Friday signed the Defense Authorization Act, but he voiced concerns about several of its provisions, including one that he said could hamper …
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Republican senators propose overhaul of Federal Reserve amid concerns about politics
by Reutersby Reuters(This Dec. 21 story has been corrected to show that the proposed bill would subject the Fed general counsel to Senate confirmation, not the Fed inspector general in paragraph 5) …
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Tunisia seeks to cut fiscal deficit to 5.5% in 2023, led by economic reforms
by Reutersby ReutersBy Tarek Amara TUNIS (Reuters) -Tunisia expects to reduce its fiscal deficit to 5.5% next year from a forecast 7.7% this year, driven by austerity measures that could pave the …
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By Amruta Khandekar and Bansari Mayur Kamdar (Reuters) -Europe’s STOXX 600 was subdued on Friday in thin pre-holiday trading after a turbulent week where hopes of an improving economic outlook …
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U.S. orders Mastercard to stop blocking competing payment networks
by Reutersby Reuters(Reuters) -The Biden administration on Friday said it was ordering Mastercard Inc to stop blocking the use of competing networks to process debit payments. Under a proposed order, Mastercard would …
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MADRID (Reuters) – Spanish police on Friday said they had arrested one of the U.S. FBI’s Ten Most Wanted fugitives, who was staying at a hotel in Madrid under a …
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By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – Major central banks ramped up interest rates at the fastest pace and biggest scale in at least two decades in 2022 …
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Suspected militants heading for Pakistani govt target blow themselves up
by Reutersby ReutersBy Asif Shahzad ISLAMABAD (Reuters) -Pakistani militants thought to have been on the verge of carrying out a suicide bombing in Islamabad’s government district blew themselves up on Friday as …
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U.S. citizen held in UAE after criticising Egypt president released, says fiancée
by Reutersby ReutersDUBAI (Reuters) – An Egyptian-American national, detained in the United Arab Emirates after criticising Egyptian president and calling for protests ahead of a climate meet there, has been released from …
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(Reuters) – More than a million Belgians will get automatic pay rises of around 11% in January, the most in half a century, to keep pay in line with inflation, …
- US and World News
Factbox-Over a million without power on U.S. East Coast and Texas due to winter storms
by Reutersby Reuters(Reuters) – More than a million homes and businesses were without power on the U.S. East Coast, Midwest and Texas on Friday as winter storms battered much of the country, …
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Boeing slows final 787 assembly rate in South Carolina over parts delay
by Reutersby ReutersWASHINGTON (Reuters) – Boeing Co on Friday said it slowed production of its 787 Dreamliner in South Carolina after a parts delay, but said previously its delivery and production outlook …
- Business News
Despite progress, Fed remains focused on inflation fight as 2023 rolls in
by Reutersby ReutersBy Lindsay Dunsmuir (Reuters) -After a year in which a U.S. inflation surge forced the Federal Reserve to supersize its interest rate hikes, the latest evidence price pressures are now …
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WASHINGTON (Reuters) – Sales of new U.S. single-family homes rose for a second straight month in November likely as Americans took advantage of a retreat in mortgage rates and incentives …
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Canada’s economy slows in October, but still resilient after rate hikes
by Reutersby ReutersBy Ismail Shakil and Steve Scherer OTTAWA (Reuters) -The Canadian economy grew by 0.1% in October and is expected to expand at the same pace in November, data showed on …
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Dwindling numbers of cash machines dispense kunas as Croatia readies for euro
by Reutersby ReutersZAGREB (Reuters) – Withdrawing cash to pay for wine at Zagreb’s Christmas Market is no easy task as the country readies to introduce the euro on Jan. 1, including preparing …
- Business News
Global equity funds see biggest weekly outflows since March 2020 -Lipper
by Reutersby Reuters(Reuters) – Global equity funds have recorded their biggest weekly outflows since March 2020, hit by recession fears as central banks vow to keep interest rates higher to tame inflation. …
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WASHINGTON (Reuters) – New orders for U.S.-made capital goods rose moderately in November while shipments fell, pointing to a slowdown in business spending on equipment this quarter as higher borrowing …
- Business News
Zara shopworkers call off strikes in company’s hometown after 25% pay rise – union
by Reutersby ReutersMADRID (Reuters) -A union representing shop assistants at fashion retailer Zara has called off planned strikes in the company’s hometown in northern Spain following an agreement on a 25% pay …