LONDON (Reuters) – China has removed six officials from Britain who police wanted to question over the treatment of a man who said he was kicked and punched while protesting …
Reuters
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By Arathy Somasekhar (Reuters) – U.S. crude oil stockpiles rose by more than 10 million barrels last week, the most since March 2021, buoyed by releases from the Strategic Petroleum …
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Business News
Mahindra CEO sees U.S. entry for new electric vehicles at least five years away
by Reutersby ReutersBy Paul Lienert (Reuters) – Mahindra and Mahindra, one of India’s oldest automakers, aims to sell its new family of electric SUVs around the globe, but an entry into the …
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US and World News
Mexican cartels and EU criminals cooperate to smuggle drugs to Europe and beyond-report
by Reutersby ReutersBy Olivier Sorgho and Diana Mandia (Reuters) – Mexican cartels and criminal groups in the European Union work together to traffic methamphetamine and cocaine from Latin America to Europe, according …
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Meta’s Oversight Board restores Nigeria church attack video on Instagram
by Reutersby ReutersBy MacDonald Dzirutwe ABUJA (Reuters) – Meta’s Oversight Board on Wednesday overturned a decision to remove a video that was shared on Instagram showing the gruesome aftermath of an attack …
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HSBC to stop funding new oil and gas fields as part of policy overhaul
by Reutersby ReutersBy Lawrence White and Simon Jessop LONDON (Reuters) – HSBC will stop funding new oil and gas fields and expect more information from energy clients over their plans to cut …
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BERLIN (Reuters) -Germany got the go-ahead to buy F-35 fighter jets produced by U.S. defence giant Lockheed Martin as part of military procurement projects worth 13 billion euros ($13.85 billion), …
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Business News
Explainer-Who would the U.S. SEC’s proposed stock market overhaul impact?
by Reutersby ReutersBy John McCrank NEW YORK (Reuters) – The U.S. Securities and Exchange Commission is set to vote on Wednesday on advancing rule proposals related to the handling and execution of …
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By Kate Abnett and Jan Strupczewski BRUSSELS (Reuters) – European Union countries intend next year to push for more gas deals – including long-term contracts – to replace Russian supplies, …
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Russian weekly consumer prices rise more slowly before rate decision
by Reutersby ReutersMOSCOW (Reuters) -Weekly consumer prices in Russia rose again but more slowly than the week before, data showed on Wednesday, all but confirming widely-held expectations that the central bank will …
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US and World News
Oregon governor lifts death sentences for 17 inmates facing execution
by Reutersby ReutersBy Brendan O’Brien (Reuters) – Oregon Governor Kate Brown, who leaves office at the beginning of the year, has commuted the death sentences of all 17 inmates facing capital punishment …
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Russia improves Q3 economic contraction to 3.7% y/y – revised data
by Reutersby ReutersMOSCOW (Reuters) – Russia’s economy shrank 3.7% year-on-year in the third quarter of 2022, revised data from the federal statistics service Rosstat showed on Wednesday, an improvement on the previously …
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U.S. CFPB will look at improving exchange rate transparency among remittance providers -Chopra
by Reutersby Reuters(Reuters) – The U.S. Consumer Financial Protection Bureau will look at how to improve exchange rate transparency among remittance providers to make clearer to consumers the fees they are charged …
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PRAGUE (Reuters) -The Czech government approved on Wednesday a measure capping electricity and natural gas prices for large firms at the same level as prices for households and small firms …
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Chinese bank wealth units seek to smooth performance amid redemptions
by Reutersby ReutersSHANGHAI (Reuters) – The asset management arms of some Chinese banks are turning to an accounting method that smoothes out the performance of wealth management products as they try to …
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By Rachel Savage JOHANNESBURG (Reuters) – The external debt service burden in Sub-Saharan Africa will continue to climb in the coming years, ratings agency Fitch said on Wednesday, as the …
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Trafigura to pilot sustainable supply chain finance program for Mexican miners
by Reutersby Reuters(Reuters) – Global commodities trader Trafigura Group on Wednesday said it is piloting a sustainable supply chain finance program with eFactor Network for mining companies in Mexico. “Trafigura’s suppliers of …
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China plans to expand domestic demand to spur economy – state media
by Reutersby ReutersBy Kevin Yao BEIJING (Reuters) -China has set out plans to expand domestic consumption and investment, the official Xinhua news agency said on Wednesday, as the economy struggles with COVID …
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By Victoria Waldersee BERLIN (Reuters) – Tesla plans to drill for new water sources to supply an expansion of its electric vehicle plant near Berlin, according to local authorities and …
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New Danish government plans to boost labour force, overhaul welfare model
by Reutersby ReutersCOPENHAGEN (Reuters) – Denmark’s new coalition government plans to cut tax to incentivise work, abolish a public holiday and reform its generous welfare model, Social Democratic leader Mette Frederiksen said …
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Italy collects around 2.8 billion euros from 2022 energy windfall tax
by Reutersby ReutersBy Giuseppe Fonte ROME (Reuters) -Italy has so far collected around 2.8 billion euros ($3 billion) from a contested windfall tax on energy companies in force for this year only, …
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White House’s Deese: Increase in food prices too high, progress needed
by Reutersby ReutersWASHINGTON (Reuters) – U.S. President Joe Biden’s top economic adviser, Brian Deese, told MSNBC on Wednesday that the rise in food prices was too high and remained an area where …
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US and World News
Golf-LIV Golf announces three new events for the United States
by Reutersby Reuters(Reuters) – LIV Golf added three new stops in the United States to its 2023 calendar on Wednesday announcing events in Tucson, Tulsa and West Virginia. The three events set …
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Business News
Delta expects profit to nearly double next year on ‘robust’ air travel demand
by Reutersby ReutersBy Rajesh Kumar Singh CHICAGO (Reuters) -Delta Air Lines Inc said on Wednesday its profit is expected to nearly double next year, driven by “robust” travel demand and a decline …
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EM bulls outnumber bears for first time since July 2021 – HSBC survey
by Reutersby ReutersLONDON (Reuters) – A closely-followed HSBC survey has shown the share of investors upbeat on emerging market assets has doubled over the last three months to the degree that ‘bulls’ …