Weekly jobless claims fall by 3,000 to 183,000 Continuing claims decrease by 11,000 to 1.655 million Productivity accelerates at a rate of 3.0% in the fourth quarter Unit labor costs increase at a rate of 1.1% WASHINGTON, Feb 2 (Reuters) – The number of Americans filing new claims for unemployment benefits fell to a nine-month … Read more
Russian strike destroys apartment building; 3 dead – civil servants Zelenskiy paints a grim picture of the Russian offensive in the East Zelenskiy promises more anti-corruption measures New Russian offensive could start on February 24 – Ukrainian minister KYIV, Feb 2 (Reuters) – The battle on the front lines in eastern Ukraine “has grown more … Read more
Philippines and USA agree to add four locations under EDCA Deal comes amid South China Sea tensions over Taiwan EDCA allows US access to Philippine military bases MANILA, Feb 2 (Reuters) – The Philippines has granted the United States expanded access to its military bases, its defense chiefs said on Thursday, amid growing concerns over … Read more
PARIS, Feb 1 (Reuters) – Airbus (AIR.PA) and Qatar Airways have settled a dispute over grounded A350 planes, the airlines said on Wednesday, avoiding a potentially damaging lawsuit in the UK after an 18-year dispute. month that tore the lid. out of the global jet aircraft market. The “amicable and mutually acceptable settlement” ends a … Read more
SAN FRANCISCO, Feb 1 (Reuters) – Rivian Automotive (RIVN.O) is laying off 6% of its workforce in a bid to cut costs as the electric vehicle maker, already struggling with dwindling cash reserves and an economy weak, is preparing for a full-scale industry-price war. The company is focusing its resources on ramping up vehicle production … Read more
NEW DELHI, Feb 1 (Reuters) – Gautam Adani’s flagship company on Wednesday called off its $2.5 billion share sale in a dramatic reversal as the rout sparked by criticism from a U.S. short seller erased billions more of the value of the Indian tycoon’s shares. The withdrawal of the Adani Enterprises (ADEL.NS) stock offering marks … Read more
WASHINGTON, Feb 1 (Reuters) – The White House on Wednesday unveiled new efforts to reduce credit card late fees and lower prices charged by Apple Inc (AAPL.O) and Google parent company Alphabet Inc ( GOOGL.O) on mobile app stores. . The move is part of a broader policy to promote competition in consumer markets, officials … Read more
NEW DELHI, Feb 1 (Reuters) – India’s government on Wednesday unveiled a $550 billion budget for the next fiscal year which starts on April 1, with a record capital spending plan while containing the budget deficit. Prime Minister Narendra Modi’s party, which faces elections in key states this year and a national vote in 2024, … Read more
Pope begins trip to DR Congo and South Sudan François meets the victims of the war in the Congo Trip postponed from July due to Pope’s knee disease KINSHASA, Jan 31 (Reuters) – Pope Francis denounced the “poison of greed” driving conflict in Africa as he began a visit to the Democratic Republic of Congo … Read more
Jan 31 (Reuters) – U.S. chipmaker Advanced Micro Devices Inc (AMD.O) reported revenue above Wall Street targets on Tuesday and said it expected business to improve in the second half, giving excitement investors who saw the company win over rival Intel. The shares rose about 1.5% after hours trading. Although AMD’s predictions lagged behind expectations, … Read more