Weekly jobless claims fall by 3,000 to 183,000 Continuing claims decrease by 11,000 to 1.655 million Productivity accelerates by 3.0% in the fourth quarter Unit labor costs grow 1.1% WASHINGTON, Feb. 2 (Reuters) – The number of Americans filing new claims for unemployment benefits fell to a nine-month low last week as the labor market … Read more
Q4 earnings of $10 billion beat estimates Shell buys back $4 billion worth of shares LNG trading key driver of profit in Q4 LONDON, Feb. 2 (Reuters) – Shell (SHEL.L) posted record profits of $40 billion in 2022, the energy giant said on Thursday. shareholders unprecedented returns. The British company’s record profit, which more than … Read more
Russian strike destroys apartment building; 3 dead – officials Zelenskiy gives a gloomy assessment of the Russian offensive in the east Zelenskiy promises more anti-corruption measures New Russian offensive could begin on February 24 – Minister of Ukraine KYIV, Feb. 2 (Reuters) – Fighting on the frontlines in eastern Ukraine “has toughened” as Russian troops … Read more
Philippines, US agree to add four locations under EDCA Agreement comes about amid tensions in the South China Sea, 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 mounting … Read more
NEW DELHI, Feb. 1 (Reuters) – Flagship Gautam Adani called off its $2.5 billion share sale on Wednesday in a dramatic turnaround as a defeat sparked by the criticism of a US short-seller saw billions more of its value of the Indian magnate’s shares wiped out. The withdrawal of the Adani Enterprises (ADEL.NS) share offering … 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 EV maker, already struggling with declining cash reserves and a weak economy, braces itself for an industry-wide price war. The company is focusing its resources on ramping up vehicle production and … Read more
NEW DELHI, Feb. 1 (Reuters) – The Indian government on Wednesday announced a budget of $550 billion for the next fiscal year starting April 1, setting out a plan for record investment while limiting the budget deficit. Prime Minister Narendra Modi’s party, which faces elections in key states this year and a national election in … Read more
Pope begins trip to DR Congo and South Sudan Francis to meet war victims in Congo Trip postponed from July due to Pope’s knee condition KINSHASA, Jan. 31 (Reuters) – Pope Francis denounced the “poison of greed” fueling conflict in Africa as he embarked on a visit to the Democratic Republic of Congo on Tuesday, … Read more
31 Jan. (Reuters) – US chipmaker Advanced Micro Devices Inc (AMD.O) posted sales on Tuesday that exceeded Wall Street targets and said it expected business to improve in the second half. The stock rose about 1.5% in aftermarket trading. While AMD’s forecast fell short of expectations, it wasn’t as weak as some worried. Recent earnings … Read more
HOUSTON, Jan. 31 (Reuters) – Exxon Mobil Corp (XOM.N) posted a net profit of $56 billion for 2022, the company said Tuesday, taking home about $6.3 million an hour last year and not just a company record but also a historic high point for the Western oil industry. Oil companies are expected to break their … Read more
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