WTO warns of ‘real’ recession risk in some major economies
By Leika Kihara NUSA DUA, Indonesia (Reuters) – The head of the World Trade Organization (WTO) warned on Wednesday that several major economies face a real risk of sliding into…
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By Leika Kihara NUSA DUA, Indonesia (Reuters) – The head of the World Trade Organization (WTO) warned on Wednesday that several major economies face a real risk of sliding into…
BEIJING (Reuters) -China’s new home prices fell at their fastest pace in over seven years in October, weighed down by COVID-19 curbs and industry-wide problems, reflecting a deepening contraction that…
By Aditya Kalra NEW DELHI (Reuters) – India’s Tata Group is planning to open at least 20 “beauty tech” stores where it will use virtual makeup kiosks and digital skin…
BEIJING (Reuters) – China’s state planner, the National Development and Reform Commission (NDRC), in October approved eight fixed-asset investment projects worth 9 billion yuan ($1.27 billion), Meng Wei, an NDRC…
By Eva Mathews and Josh Ye (Reuters) -Tencent Music Entertainment Corp beat analyst estimates for third-quarter revenue and profit, boosted by a recovery in advertising sales and an increase in…
By Stephanie Kelly NEW YORK (Reuters) – Oil prices rose on Tuesday and settled higher after news that oil supply to Hungary via the Druzhba oil pipeline has been temporarily…
By Kaori Kaneko TOKYO (Reuters) -Japan’s machinery orders unexpectedly fell in September in a sign the global economic slowdown and higher import costs are weighing on firms’ capital spending plans.…
By Akriti Sharma and Daniel Leussink (Reuters) – Collapsed crypto exchange FTX outlined a “severe liquidity crisis” in U.S. bankruptcy filings, which said the group could have more than 1…
BRUSSELS (Reuters) – U.S. chipmaker Broadcom is seeking European Union antitrust approval for its $61 billion bid for cloud computing company VMware, Broadcom said on Tuesday in a statement. “We…
By John Kemp LONDON (Reuters) -Investors expect a planned U.S. and EU price cap to disrupt Russia’s crude exports by enough to offset the impact of an economic slowdown on…
By Wayne Cole SYDNEY (Reuters) -Australian wages boasted the largest rise in a decade last quarter as a super-tight labour market finally made itself felt, though pay still lags far…
(Reuters) – British finance minister Jeremy Hunt is set to give local authorities the right to raise council tax by a maximum of 4.99% from 2.99% before having to put…
By Natalie Thomas BURNLEY, England (Reuters) – Skipping lunch each day and watching television in blankets to keep warm is not how Ann and Keith Hartley envisaged their retirement in…
By William Schomberg LONDON (Reuters) -Britain’s unemployment rate unexpectedly rose and vacancies fell for a fifth report in a row as employers worried about the outlook for the economy, official…
By Lewis Krauskopf, Amruta Khandekar and Ankika Biswas (Reuters) – Wall Street’s main indexes gained on Tuesday, shaking off an unconfirmed report of Russian missiles crossing into Poland that sparked…
(Reuters) -Estee Lauder Cos Inc said on Tuesday it agreed to buy U.S. fashion label Tom Ford for $2.8 billion, its biggest deal yet, adding a line of beauty products…
By Marc Frank and Nelson Acosta HAVANA (Reuters) – Cuba on Tuesday said it had signed 30 foreign investment deals valued at around $400 million this year, more than in…
SYDNEY (Reuters) – Australia should continue to tighten monetary and fiscal policy to contain inflation even as its economy is set to slow sharply next year amid a host of…
(Reuters) – Apple Inc is preparing to begin sourcing chips for its devices from a plant under construction in Arizona in the United States, Bloomberg News reported on Tuesday. The…
(Reuters) -Brazil’s battle against inflation is not over and the country is at serious risk of recession if it does not adopt a clear fiscal anchor, central bank chief Roberto…
(Reuters) -Ratings agency Fitch on Tuesday downgraded Telecom Italia’s credit rating to ‘BB-‘ from ‘BB,’ citing insufficient debt reduction in 2022. Fitch said its outlook for Italy’s biggest phone group…
WASHINGTON (Reuters) -Two companies that have applied for funding to keep struggling nuclear power plants open said they expect to hear from the U.S. Department of Energy by the end…
By Swati Verma and Nia Williams (Reuters) -Canada’s TC Energy on Tuesday said its 622,000 barrel-per-day Keystone oil pipeline will curtail volumes due to a series of recent severe weather-related…
By Daphne Psaledakis WASHINGTON (Reuters) -The United States on Tuesday imposed sanctions on companies and people it accused of being involved in the production or transfer of Iranian drones that…
BERLIN (Reuters) – Continental on Tuesday said it was investigating the theft of company data in a cyberattack but declined to comment on media reports that hackers had put the…