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US and World News

  • US and World News

    Cineworld reaches bankruptcy settlement with landlords, lenders

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By Dietrich Knauth (Reuters) – Movie theater chain Cineworld Group on Monday announced a bankruptcy settlement with its landlords and lenders, clearing the way for the company to borrow an …

  • US and World News

    Eli Lilly’s growth tied to nascent diabetes drug sales

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    (Reuters) – Wall Street analysts will be focusing on sales of Eli Lilly and Co’s newly approved diabetes drug Mounjaro when the company reports results on Tuesday, as sales of …

  • US and World News

    JPMorgan expects banks to repay 500-700 billion euros of ECB TLTRO loans in Nov

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    LONDON (Reuters) – Analysts at investment bank JPMorgan have estimated that banks will repay between 500 and 700 billion euros ($494-$692 billion)of the European Central Bank’s ultra cheap funding next …

  • US and World News

    World wine output dips slightly after year of torrid weather

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    PARIS (Reuters) – World wine production in 2022 is expected to dip slightly below last year’s level, with a better than anticipated volume in drought-hit Europe mostly offsetting a forecast …

  • US and World News

    In Africa’s monkeypox outbreak, sickness and death go undetected

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By Djaffar al Katanty and Edward McAllister YALOLIA, Democratic Republic of Congo (Reuters) – At a village clinic in central Congo, separated from the world by a tangle of waterways …

  • US and World News

    UAW seeks election to represent GM battery joint venture workers

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By David Shepardson (Reuters) -The United Auto Workers on Monday said it was seeking an election to represent workers at a General Motors/LG Energy battery cell manufacturing joint venture in …

  • US and World News

    Canada imposes fresh Iran sanctions over human rights violations

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    (Reuters) – Canada on Monday imposed fresh sanctions on Iran, marking the fourth package of sanctions it has implemented for alleged human rights violations in that country, the foreign ministry …

  • US and World News

    Mexican president urges Twitter to repair ‘damage’ done to Trump

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    MEXICO CITY (Reuters) – Twitter should undo the “damage” done to former U.S. President Donald Trump by the cancellation of his account, Mexico’s president said on Monday, as he expressed …

  • US and World News

    Gap says Russia deliveries stopped in March. But its clothing kept coming

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By Siddharth Cavale, Steve Stecklow and David Gauthier-Villars NEW YORK/LONDON/ISTANBUL (Reuters) -In March, clothing retailer Gap Inc joined numerous Western companies in announcing that it was halting deliveries to Russia …

  • US and World News

    Italy gets GDP boost as govt pledges action against inflation

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By Gavin Jones and Giuseppe Fonte ROME (Reuters) -Italy’s economy performed unexpectedly well in the third quarter, data showed on Monday, offering a welcome boost for the country’s new government …

  • US and World News

    Saudi Arabia approves dual listing of Pizza Hut, KFC franchisee

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    DUBAI (Reuters) – Saudi Arabia’s market regulator said on Monday it had approved a concurrent and dual listing of Americana Group, the Middle East and North Africa franchisee of fast-food …

  • US and World News

    Twitter to lay off 25% of workforce in first round of job cuts – Washington Post

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    (Reuters) – Twitter, which was acquired last week by billionaire Elon Musk, plans to let go of a quarter of its workforce as part of what is expected to be …

  • US and World News

    Ghana president says IMF talks will not lead to a debt haircut

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By Christian Akorlie and Cooper Inveen ACCRA (Reuters) -Ghanaian President Nana Akufo-Addo on Sunday said talks with the International Monetary Fund were going well and sought to reassure investors that …

  • US and World News

    Hong Kong bets on summit to herald its comeback as financial hub

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By Scott Murdoch, Kane Wu and Selena Li HONG KONG (Reuters) – Hong Kong aims to restore its reputation as a global financial hub by playing host to a bevy …

  • US and World News

    Euro zone October inflation surges amid growth slowdown

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By Jan Strupczewski and Balazs Koranyi BRUSSELS (Reuters) -Euro zone inflation surged more than expected in October, data showed on Monday, fuelling expectations that the European Central Bank will press …

  • US and World News

    UniCredit details impact of new terms for ECB’s TLTRO funds

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By Valentina Za and Federico Maccioni MILAN (Reuters) -UniCredit said it expected a 400 million euro ($396 million) contribution from European Central Bank’s longer-term funds this year under their new …

  • US and World News

    COP27 climate summit to test resolve of world battling war, inflation

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By Valerie Volcovici (Reuters) – An international climate summit starting next week in Egypt will test the resolve of nations to combat global warming, even as many of the biggest …

  • US and World News

    For top U.S. oil producers, Permian shale output is losing steam

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By Liz Hampton (Reuters) -Some of the largest U.S. oil producers on Friday signaled productivity and volume gains in the top U.S. shale oil field are slowing, citing disappointing well …

  • US and World News

    U.S. plans to deploy B-52s to north Australia amid China tensions – source

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By Renju Jose and Lewis Jackson SYDNEY (Reuters) -The United States is planning to deploy up to six nuclear-capable B-52 bombers to an air base in northern Australia, a source …

  • US and World News

    Factbox-Governments act to ease inflation pain

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    (Reuters) – Pandemic-related disruptions to global supply chains and the knock-on effects of Russia’s war in Ukraine have driven up prices of energy, commodities and basic necessities. Below is a …

  • US and World News

    Fresenius cuts profit guidance again on slower recovery, rising costs

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By Ludwig Burger and Riham Alkousaa (Reuters) – German healthcare group Fresenius has cut its 2022 guidance for the second time on persistent cost inflation and staff shortages with its …

  • US and World News

    Italy’s Campari builds up bourbon business with $600 million Kentucky deal

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    MILAN (Reuters) -Italian spirits group Campari said on Monday it had reached an agreement to buy an initial 70% stake in Wilderness Trail Distillery for $420 million, strengthening its bourbon …

  • US and World News

    Harvard and UNC race cases present test for U.S. Supreme Court

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By Nate Raymond (Reuters) – The U.S. Supreme Court is set to consider whether colleges may continue to use race as a factor in student admissions in two cases that …

  • US and World News

    Sanctions and Russian exodus drive demand for jet fuel in Central Asia

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    MOSCOW (Reuters) – Central Asian demand for jet fuel is soaring as the region has become a key air traffic hub, taking over from sanctions-hit Moscow and as it handles …

  • US and World News

    Police arrest nine over Indian bridge collapse, toll reaches 134

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By Sumit Khanna MORBI, India (Reuters) – Indian police arrested nine people on Monday, including ticketing clerks and contractors, as they investigate the collapse of a foot bridge in which …

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