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Reuters

Reuters

  • US and World News

    NASA formally retires Mars InSight lander after 4-year mission

    by Reuters December 22, 2022
    by Reuters December 22, 2022

    By Steve Gorman LOS ANGELES (Reuters) – NASA has formally retired its Mars InSight lander, the first robotic probe specially designed to study the deep interior of a distant world, …

  • Business News

    CarMax results hit by ‘used-vehicle recession’; buyback paused

    by Reuters December 22, 2022
    by Reuters December 22, 2022

    By Kannaki Deka (Reuters) -Used-car retailer CarMax Inc said on Thursday it was pausing some hiring, halting share buybacks and cutting expenses after reporting an 86% drop in third-quarter profit …

  • US and World News

    Shanghai hospital warns of ‘tragic battle’ as COVID spreads

    by Reuters December 22, 2022
    by Reuters December 22, 2022

    By Zoey Zhang and Bernard Orr SHANGHAI/BEIJING (Reuters) -A Shanghai hospital has told its staff to prepare for a “tragic battle” with COVID-19 as it expects half of the city’s …

  • Business News

    Low weekly jobless claims underscore U.S. labor market tightness; Q3 growth revised up

    by Reuters December 22, 2022
    by Reuters December 22, 2022

    By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits increased less than expected last week, pointing to a still-tight labor market, while the …

  • Business News

    European shares fall as festive cheer fades on rate hike worries

    by Reuters December 22, 2022
    by Reuters December 22, 2022

    By Amruta Khandekar and Bansari Mayur Kamdar (Reuters) -European shares reversed early gains on Thursday, as hopes of easing inflation gave way to fears of aggressive monetary policy tightening in …

  • Business News

    U.S. baby formula shortage leads to boom in advertisements

    by Reuters December 22, 2022
    by Reuters December 22, 2022

    By Jessica DiNapoli NEW YORK (Reuters) – It’s not your imagination if you feel like you’re seeing more ads for baby formula than ever before. Formula makers have stepped up …

  • Business News

    Volatile rouble recovers from near 8-month low

    by Reuters December 22, 2022
    by Reuters December 22, 2022

    By Alexander Marrow MOSCOW (Reuters) -The rouble clawed back some of this week’s hefty losses after sinking to a near eight-month low in a volatile session on Thursday, as the …

  • US and World News

    Ukraine’s ‘cat and mouse’ battle to keep Russian missiles at bay

    by Reuters December 22, 2022
    by Reuters December 22, 2022

    By Tom Balmforth KYIV (Reuters) – As Russian cruise missiles sped towards their target this month, a Ukrainian pilot gave chase in an old Soviet MiG-29 fighter jet and locked …

  • Business News

    Kellogg divests Russian operations to local snacks maker Chernogolovka

    by Reuters December 22, 2022
    by Reuters December 22, 2022

    (Reuters) -Kellogg Co said on Thursday it has decided to divest its operations in Russia to local snacks and drinks maker Chernogolovka as the company joins a long list of …

  • Business News

    Prosecutors charge two top executives in connection with FTX collapse

    by Reuters December 22, 2022
    by Reuters December 22, 2022

    WASHINGTON (Reuters) -Federal prosecutors on Wednesday said they have charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) Wang, the former Chief Technology Officer of FTX Trading …

  • Business News

    Turkey raises monthly minimum wage by 55% for 2023

    by Reuters December 22, 2022
    by Reuters December 22, 2022

    ANKARA (Reuters) -Turkey’s monthly minimum wage will be 8,506.80 lira ($455) in 2023, the presidency said on Thursday – a 55% increase from the level determined in July and a …

  • US and World News

    U.S. road travel rises, nears pre-pandemic levels

    by Reuters December 22, 2022
    by Reuters December 22, 2022

    WASHINGTON (Reuters) – The U.S. Transportation Department said vehicle travel rose by 0.1% in October to 285.9 billion miles as road travel is nearing pre-pandemic levels for the year. In …

  • Business News

    AMC to raise $110 million, proposes reverse stock split

    by Reuters December 22, 2022
    by Reuters December 22, 2022

    (Reuters) -AMC Entertainment Holdings said on Thursday it would raise $110 million in new equity capital through the sale of its preferred stock and proposed a reverse stock split, sending …

  • Business News

    Buyout funds rethink deal financing amid shortage of debt

    by Reuters December 22, 2022
    by Reuters December 22, 2022

    By Andres Gonzalez and Pablo Mayo Cerqueiro LONDON (Reuters) – Private equity funds are rethinking how they pull off large deals after a 40.4% contraction in global buyout activity amid …

  • Business News

    Alphabet links more of CEO Pichai’s pay to performance

    by Reuters December 22, 2022
    by Reuters December 22, 2022

    (Reuters) – Google-parent Alphabet Inc said on Wednesday it had approved a new equity award for Chief Executive Officer Sundar Pichai that ties more of his pay to performance. The …

  • Business News

    Toshiba’s preferred bidder to seal $10.6 billion loan deal this week -Yomiuri

    by Reuters December 22, 2022
    by Reuters December 22, 2022

    TOKYO (Reuters) – Japan Industrial Partners (JIP), the preferred bidder to buy out Toshiba Corp, is set to sign a loan agreement of about 1.4 trillion yen ($10.6 billion) with …

  • Business News

    Russia’s No.2 lender VTB to buy rescued Otkritie Bank for $4.7 billion

    by Reuters December 22, 2022
    by Reuters December 22, 2022

    By Alexander Marrow, Elena Fabrichnaya and Maria Kiselyova MOSCOW (Reuters) -The Bank of Russia on Thursday agreed to sell bailed-out Otkritie Bank to the country’s No.2 lender, state-owned VTB, for …

  • Business News

    Exclusive-Russia likely to buy yuan on FX market in 2023 – sources

    by Reuters December 22, 2022
    by Reuters December 22, 2022

    By Elena Fabrichnaya MOSCOW (Reuters) – Russia will start buying yuan on the currency market next year if oil and gas revenues meet expectations, two sources said, opening a new …

  • Business News

    Exclusive-Sanctions could cut Russia’s Baltic oil exports by 20%

    by Reuters December 22, 2022
    by Reuters December 22, 2022

    MOSCOW (Reuters) – Exports of Russia’s flagship Urals crude blend from Baltic Sea ports may fall by up to a fifth in December, after a Western price cap and an …

  • Business News

    El Salvador to receive $150 million from development bank for education

    by Reuters December 22, 2022
    by Reuters December 22, 2022

    (This Dec. 21 story has been refiled to fix incorrect company ticker symbol) SAN SALVADOR (Reuters) – El Salvador will receive a $150 million loan from Latin American development bank …

  • US and World News

    ‘The Serpent’ Charles Sobhraj to be freed from Nepal prison on Friday

    by Reuters December 22, 2022
    by Reuters December 22, 2022

    By Gopal Sharma KATHMANDU (Reuters) -Charles Sobhraj, a convicted killer who police suspect was responsible for a string of murders in the 1970s and 1980s, will be freed from prison …

  • Business News

    UK economy was G7 growth laggard in Q3 as dismal 2023 beckons

    by Reuters December 22, 2022
    by Reuters December 22, 2022

    By Andy Bruce LONDON (Reuters) – Britain’s economy contracted more than first thought in the third quarter of this year, putting it bottom among the Group of Seven major advanced …

  • US and World News

    Pope denounces psychological abuse as Jesuit case rocks Church

    by Reuters December 22, 2022
    by Reuters December 22, 2022

    By Philip Pullella VATICAN CITY (Reuters) – Pope Francis on Thursday denounced psychological violence and abuse of power in the Church, as the case of a prominent priest accused of …

  • Business News

    EU court rules Airbnb must provide rental info to tax authorities

    by Reuters December 22, 2022
    by Reuters December 22, 2022

    BRUSSELS (Reuters) -Short-term accommodation services company Airbnb must provide information in rental contracts to tax authorities and withhold tax under a national regime, the European Union’s top court ruled on …

  • Business News

    Analysis-Italy’s nationalists set to loosen grip on beloved airline with mooted Lufthansa deal

    by Reuters December 22, 2022
    by Reuters December 22, 2022

    By Angelo Amante and Joanna Plucinska ROME (Reuters) – Italy’s new right-wing government has shown it is prepared to put sound finances ahead of national pride by revamping plans to …

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