US and World News

WASHINGTON (Reuters) – The U.S. services industry grew at its slowest pace in nearly 2-1/2 years in October, but businesses continued to face higher prices for inputs, confirming that inflation …

WASHINGTON (Reuters) – The United States is not in a recession, White House chief of staff Ron Klain said on Thursday, adding that economic data showed the nation’s economy was …

By Steven Scheer JERUSALEM (Reuters) -Teva Pharmaceutical Industries will pay up to $523 million to New York State as part of a nationwide settlement of lawsuits alleging it helped to …

By Alexander Marrow MOSCOW (Reuters) – Russia will keep interest rates on hold for a few months before resuming monetary easing midway through next year, a Reuters poll suggested on …

LONDON (Reuters) – The United States, Australia, Britain and Norway have all raised interest rates this week in the latest sign that central banks remain in tightening mode to contain …

By Daniel Wiessner (Reuters) – Beauty pageant operator Miss United States of America LLC cannot be forced to allow transgender women to compete because doing so would interfere with its …

By Jane Lanhee Lee OAKLAND, Calif. (Reuters) – Silicon Valley-based AI chip startup SiMa.ai on Thursday said it is entering the automotive industry and has recruited Harald Kroeger, a former …

By Ron Bousso, Marwa Rashad and Dmitry Zhdannikov LONDON (Reuters) – Shell’s liquefied natural gas (LNG) trading division recorded a loss of nearly $1 billion in the third quarter of …

By Juliette Portala (Reuters) – U.S.-based building technology firm Runwise said on Thursday it had raised $19 million in a funding round led by venture capital firm Fifth Wall, as …

WASHINGTON (Reuters) – U.S. worker productivity rebounded less than expected in the third quarter, resulting in continued upward pressure on labor costs that could keep inflation elevated. Nonfarm productivity, which …

LONDON (Reuters) – The Bank of England raised UK interest rates to 3% on Thursday in its largest rate hike since 1989 and warned of a “very challenging outlook” for …

WASHINGTON (Reuters) – The Federal Communications Commission (FCC) plans to create a new space bureau to address the growing number of satellite launches and policy issues, agency chair Jessica Rosenworcel …

(Reuters) – Tesla Inc delivered 71,704 China-made electric vehicles (EVs) in October, down 14% from a record high in the previous month, according to a report released on Thursday by …

STOCKHOLM (Reuters) – IKEA franchiser Inter IKEA posted a 45% fall in pre-tax profit for the year through August to 931 million euros ($908 million) as it passed on some, …

HONG KONG (Reuters) – China will keep the yuan currency stable and increase flexibility of the yuan exchange rate, the central bank governor said on Thursday. Yi Gang, governor of …

FRANKFURT (Reuters) -The European Central Bank must pay attention to the U.S. Federal Reserve, which influences global markets, but it cannot just mirror its policy moves, ECB President Christine Lagarde …

WASHINGTON(Reuters) – The U.S. trade deficit widened sharply in September, likely as a strong dollar and softening global demand weighed on exports. The Commerce Department said on Thursday that the …

By Ned Parker and Andy Sullivan (Reuters) – The canvassers in California’s Shasta County in September wore reflective orange vests and official-looking badges that read “Voter Taskforce.” Four residents said …

By David Milliken and Andy Bruce LONDON, Nov 3 (Reuters) – The Bank of England raised interest rates to 3% on Thursday from 2.25%, its biggest rate rise since 1989 …

By Paul Carrel and Nick Carey BERLIN (Reuters) -BMW expects strong sales growth in the fourth quarter, but warned rising inflation and interest rates would start to weigh on European …

By Ismail Shakil and Siyi Liu OTTAWA/BEIJING (Reuters) -Canada ordered three Chinese companies on Wednesday to divest their investments in Canadian critical minerals, citing national security. China in response accused …

By Huw Jones LONDON (Reuters) – The European Union sought on Thursday to reassure international companies it would seek to align its sustainability disclosure rules with a global initiative, after …

By Nora Buli OSLO (Reuters) -Europe needs to act now to avoid a natural gas shortage next year given the loss of Russian supply and expectations Chinese demand will increase, …

FRANKFURT (Reuters) – The European Central Bank shouldn’t be expected to match the Federal Reserve’s interest rate hikes, ECB policymaker Ignazio Visco said on Thursday, backing market expectations for lower …

NAIROBI (Reuters) -The Ethiopian government and regional forces from Tigray agreed on Wednesday to cease hostilities, a surprise diplomatic breakthrough after nearly two years of war. Following are reactions to …