US weekly jobless claims fall to nine-month low; productivity speeds up

US weekly jobless claims fall to nine-month low;  productivity speeds up

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

Russia advances in eastern Ukraine, strike on apartments kills civilians

Russia advances in eastern Ukraine, strike on apartments kills civilians

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 grants US better access to bases amid China concerns

Philippines grants US better access to bases amid China concerns

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

Airbus and Qatar Airways settle bitter dispute over A350s

Airbus and Qatar Airways settle bitter dispute over A350s

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

Ukraine raids billionaire’s home in wartime anti-corruption drive

Ukraine raids billionaire’s home in wartime anti-corruption drive

Security services carry out extensive raids ahead of EU summit Homes of billionaire and former interior minister raided New US weapons would nearly double Ukraine’s range Fierce fighting relentlessly in eastern Ukraine KYIV, Feb 1 (Reuters) – Security services raided the home of one of Ukraine’s most prominent billionaires on Wednesday against a figure once … Read more

Adani drops $2.5bn share sale in blow to Indian tycoon

Adani drops .5bn share sale in blow to Indian tycoon

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

Exclusive: Electric vehicle maker Rivian to cut 6% of jobs amid price war – internal memo

Exclusive: Electric vehicle maker Rivian to cut 6% of jobs amid price war – internal memo

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

India increases spending in latest budget before election

India increases spending in latest budget before election

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

‘Hands off Africa,’ Pope Francis tells the rich world

‘Hands off Africa,’ Pope Francis tells the rich world

Pope begins trip to DR Congo and South Sudan Fran├žois 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

Exxon smashes the profits of Western oil majors with $56 billion in 2022

Exxon smashes the profits of Western oil majors with  billion in 2022

HOUSTON, Jan 31 (Reuters) – Exxon Mobil Corp (XOM.N) posted net profit of $56 billion for 2022, the company said on Tuesday, grossing around $6.3 million per hour last year and setting not only a corporate record, but also a historic record for the Western oil industry. The oil majors are expected to break their … Read more