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US and World News

  • US and World News

    Recession risk looms large over euro zone, ECB policymaker says

    by Reuters October 28, 2022
    by Reuters October 28, 2022

    VILNIUS (Reuters) – The likelihood of a euro zone recession is rising but the European Central Bank needs to keep raising interest rates as inflation remains high and projections may …

  • US and World News

    EU approves effective ban on new fossil fuel cars from 2035

    by Reuters October 28, 2022
    by Reuters October 28, 2022

    By Kate Abnett BRUSSELS (Reuters) -The European Union struck a deal on Thursday on a law to effectively ban the sale of new petrol and diesel cars from 2035, aiming …

  • US and World News

    ECB’s Villeroy: next ECB hikes will not necessarily be like this week’s ‘jumbo’ increase

    by Reuters October 28, 2022
    by Reuters October 28, 2022

    PARIS (Reuters) – Future interest rate increases by the European Central Bank will not necessarily be ‘jumbo’ increases as the one done yesterday, ECB member and Bank of France head …

  • US and World News

    As InSight lander nears end, NASA details meteorite strike on Mars

    by Reuters October 28, 2022
    by Reuters October 28, 2022

    By Will Dunham WASHINGTON (Reuters) -The InSight lander, perched on the surface of Mars since 2018, will run out of power and stop operations within four to eight weeks, NASA …

  • US and World News

    Swedish Match continues to see strong smoke-free sales growth

    by Reuters October 28, 2022
    by Reuters October 28, 2022

    (Reuters) -Nicotine and tobacco products group Swedish Match on Friday reported third-quarter operating profit in line with forecasts as strong sales of its smoke-free products, such as nicotine pouches, offset …

  • US and World News

    Japan’s Sept factory output likely down for first time in four months – Reuters poll

    by Reuters October 28, 2022
    by Reuters October 28, 2022

    TOKYO (Reuters) – Japanese factories most likely cut back output in September, a Reuters poll showed on Friday, ending a three-month growth streak on a tailwind from the end of …

  • US and World News

    Germany’s Solar Valley could shine again as Europe strives to close energy gap

    by Reuters October 28, 2022
    by Reuters October 28, 2022

    By Riham Alkousaa BERLIN (Reuters) – Germany has enlisted help from Brussels to revive its solar panel industry and improve the bloc’s energy security as Berlin, reeling from the consequences …

  • US and World News

    Exclusive-KKR raises $6 billion for biggest Asia infrastructure fund -sources

    by Reuters October 28, 2022
    by Reuters October 28, 2022

    By Anshuman Daga SINGAPORE (Reuters) – KKR & Co Inc has raised nearly $6 billion for its second Asia Pacific infrastructure fund at the first-close, marking the biggest ever private …

  • US and World News

    Lights maker Signify cuts annual outlook on lower consumer demand, China woes

    by Reuters October 28, 2022
    by Reuters October 28, 2022

    (Reuters) -Signify, the world’s biggest maker of lights, cut its full-year profit margin and sales guidance on Friday, hit by lower consumer demand and a slowdown in China amid uncertain …

  • US and World News

    China coal trade disrupted by COVID outbreaks as winter looms

    by Reuters October 28, 2022
    by Reuters October 28, 2022

    By Muyu Xu SINGAPORE (Reuters) – China’s strict COVID-19 policy is constraining coal supplies and pushing up prices, industry officials and traders say, just weeks before the country’s north switches …

  • US and World News

    Colombia central bank likely to raise rate to 11% on high inflation

    by Reuters October 28, 2022
    by Reuters October 28, 2022

    By Nelson Bocanegra BOGOTA (Reuters) – Colombia’s central bank is likely to raise borrowing costs to 11% on Friday at its penultimate meeting of the year, in tandem with policymakers …

  • US and World News

    South Korea’s exports to fall in Oct for first time in two years- Reuters poll

    by Reuters October 28, 2022
    by Reuters October 28, 2022

    By Jihoon Lee SEOUL (Reuters) – South Korea’s exports likely fell in October, shrinking for the first time in two years in the face of a global economic slowdown and …

  • US and World News

    China’s factory activity set to stall in October- Reuters poll

    by Reuters October 28, 2022
    by Reuters October 28, 2022

    BEIJING (Reuters) – China’s factory activity likely showed no growth in October, with production hit by COVID-19 restrictions and as exports moderate on slowing global demand, a Reuters poll showed …

  • US and World News

    Apple earnings rise as economic gloom hits tech

    by Reuters October 28, 2022
    by Reuters October 28, 2022

    By Dawn Chmielewski and Nivedita Balu (Reuters) – Apple Inc on Thursday reported revenue and profit that topped Wall Street targets, one of the few bright spots in a tech …

  • US and World News

    France’s Safran raises 2022 revenue and cashflow targets

    by Reuters October 28, 2022
    by Reuters October 28, 2022

    PARIS (Reuters) – French jet engine maker and aerospace supplier Safran on Friday raised its full-year revenue and free cashflow forecasts after posting a 29.9% rise in third-quarter revenues buoyed …

  • US and World News

    In Britain’s inflation crisis, healthy diets are a casualty

    by Reuters October 28, 2022
    by Reuters October 28, 2022

    By Richa Naidu LONDON (Reuters) – Fresh vegetables and fish are falling off the menu. Packaged pizzas and processed meat are the dishes of the day. Many British households are …

  • US and World News

    Shanghai food supplier’s books reveal big profits under COVID lockdown

    by Reuters October 28, 2022
    by Reuters October 28, 2022

    SHANGHAI (Reuters) – The profitability surge of a Shanghai food supplier seeking a Hong Kong listing, disclosed in an exchange filing, gives a rare peep under the hood into a …

  • US and World News

    Marketmind: Closer to fine

    by Reuters October 28, 2022
    by Reuters October 28, 2022

    A look at the day ahead in European and global markets from Tom Westbrook. Having jumped the gun a few times, markets are again pricing in a pivot in monetary …

  • US and World News

    Taiwan urges China to stop sabre-rattling and start talking

    by Reuters October 28, 2022
    by Reuters October 28, 2022

    TAIPEI (Reuters) – China should stop its sabre-rattling against Taiwan and maintain peace and stability, the head of Taiwan’s China-policy making Mainland Affairs Council said on Friday, as Beijing ramped …

  • US and World News

    Fed seen slowing pace of rate hikes in December

    by Reuters October 28, 2022
    by Reuters October 28, 2022

    By Ann Saphir (Reuters) – The Federal Reserve is seen slowing its aggressive rate-hike pace in December, with data published Thursday offering new evidence that the economic slowdown that the …

  • US and World News

    Caixabank’s Q3 net profit rises 19% on lending and insurance

    by Reuters October 28, 2022
    by Reuters October 28, 2022

    MADRID (Reuters) – Spain’s Caixabank on Friday said that its net profit in the third quarter rose 18.8% against a year ago thanks to an increase in lending income, fees …

  • US and World News

    Airbus raises cashflow target on strong dollar

    by Reuters October 28, 2022
    by Reuters October 28, 2022

    PARIS (Reuters) -Europe’s Airbus raised its 2022 free cashflow forecast on the back of a strong dollar and reaffirmed delivery and production targets while delaying the projected introduction of its …

  • US and World News

    Russia’s anti-satellite threat tests laws of war in space

    by Reuters October 28, 2022
    by Reuters October 28, 2022

    By Joey Roulette WASHINGTON (Reuters) – A Russian official’s threat this week to “strike” Western satellites aiding Ukraine highlights an untested area of international law, raising concerns among space lawyers …

  • US and World News

    Analysis-Tech wreck shows U.S. megacaps not immune to corrosive Fed tightening

    by Reuters October 28, 2022
    by Reuters October 28, 2022

    By Caroline Valetkevitch, Lewis Krauskopf and Sinéad Carew NEW YORK (Reuters) – Disappointing earnings from the megacap companies that led markets higher for years are cratering their shares and sending …

  • US and World News

    Poker legend Annie Duke on why quitting can be a good thing

    by Reuters October 28, 2022
    by Reuters October 28, 2022

    By Chris Taylor NEW YORK – At this point, it seems like everyone is talking about the trend of “quiet quitting,” where employees slowly start disengaging from their work. Well, …

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