Business News

WASHINGTON (Reuters) -Seven Democratic senators sent a letter on Thursday to the Federal Trade Commission, warning that Twitter, now owned by Elon Musk, was acting in disregard of users and …

By Mike Stone, David Shepardson and Aishwarya Nair WASHINGTON (Reuters) -Boeing Co said on Thursday that it will consolidate its struggling defense unit by cutting in half the number of …

By Jody Godoy (Reuters) – A lawsuit by FTX account holders in the United States is likely the first of many that will be brought over billions of dollars in …

(Reuters) -Cryptocurrency lender Genesis was seeking an emergency loan of $1 billion from investors before it suspended withdrawals on its website, the Wall Street Journal reported on Thursday, citing a …

DAKAR (Reuters) -The International Monetary Fund’s board has approved Senegal’s request for a credit extension to Jan. 10, 2023, to allow time to complete credit and policy reviews, the Fund …

By Leah Douglas (Reuters) – Mothers and children who receive benefits from a U.S. Department of Agriculture nutrition program would be able to spend more money on a wider range …

(Reuters) – New Zealand’s a2 Milk Co Ltd said on Friday chairman David Hearn will be stepping down from the dairy major’s board during its next annual general meeting in …

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices fell more than 3% on Thursday, with demand squeezed by mounting COVID-19 cases in China and fears of more aggressive hikes in U.S. …

By Devayani Sathyan BENGALURU (Reuters) – New Zealand’s central bank will hike rates by 75 basis points for the first time ever on Wednesday to cool multi-decade high inflation, ramping …

WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai and Japanese industry minister Yasutoshi Nishimura discussed new U.S. electric vehicle tax credits during a meeting on the sidelines of a summit …

By Katie Paul (Reuters) – Meta Platforms said on Thursday its WhatsApp messaging service will introduce a commercial directory and test a payments tool in Brazil, as it bets on …

By Joseph White DETROIT (Reuters) -General Motors Co expects its electric vehicles will make money in 2025, with recently enacted federal subsidies plugging the profitability gap between EVs and GM’s …

(Reuters) -It’s hard to know how high the U.S. central bank will need to raise interest rates, Minneapolis Federal Reserve Bank President Neel Kashkari said on Thursday, but it should …

By Paul Carrel GENEVA (Reuters) – The Swiss National Bank will raise interest rates further if it sees inflation projections above its target level, SNB governing board member Andrea Maechler …

(Reuters) -A large portion of North America is at risk of insufficient electricity supplies during peak winter conditions, the organization responsible for the reliability of the U.S. power grids said …

By David Shepardson WASHINGTON (Reuters) -The acting head of the Federal Aviation Administration (FAA) said Thursday he does not expect the agency will certify the Boeing 737 MAX 7 before …

NEW YORK (Reuters) – China is likely to post real gross domestic growth (GDP) of 4.5% next year, largely due to the country’s gradual exit from its zero-COVID policy that …

MEXICO CITY (Reuters) -The International Monetary Fund (IMF) concluded that Mexico still meets the eligibility criteria for a flexible credit line, the country’s central bank said on Thursday. Mexico’s Foreign …

By Ernest Scheyder (Reuters) – Brazilian mining giant Vale SA will supply General Motors Co with battery-grade nickel for future electric vehicles, starting in 2026, the companies said on Thursday. …

BRASILIA (Reuters) – Brazil’s Economy Ministry on Thursday cut its 2023 GDP growth forecast to 2.1%, from the 2.5% anticipated in September, due to a deterioration in the global economic …

ISLAMABAD (Reuters) – Pakistan and the International Monetary Fund (IMF) will “expeditiously” finish their technical engagement as part of the ninth review of Pakistan’s bailout programme, Pakistan’s finance ministry said …

By Akash Sriram and Daniel Wiessner (Reuters) -Eight former employees of SpaceX have filed unfair labor practice charges with a U.S. labor board against the rocket maker, alleging they were …

(Reuters) -New Zealand’s dairy exporter Fonterra Co-operative Group said on Friday that it was selling its dairy operations in Chile to Peruvian firm Gloria Foods in multiple transactions worth about …

LONDON (Reuters) – Britain’s government could end up paying 133 billion pounds ($157 billion) to the Bank of England over six years to finance its quantitative easing (QE) programme, official …

By Paul Sandle LONDON (Reuters) -Burberry will focus on “Britishness” to eventually become a 5 billion pound business, new CEO Jonathan Akeroyd said, and will increase sales of accessories like …