By Eduardo Baptista and Clare Jim BEIJING / HONG KONG (Reuters) – China’s so-called “common prosperity” push in the near-term will not only aim to bridge the widening wealth gap but is also set to shape the country’s regulatory approach, with sectors seen crucial for the economy getting more state support. As part of that…
(Reuters) – Home rental company Airbnb Inc is suspending all operations in Russia and Belarus, Chief Executive Officer Brian Chesky said in a tweet on Thursday. (Reporting by Bhargav Acharya in Bengaluru; Editing by Christopher Cushing)
By Anshuman Daga SINGAPORE (Reuters) – Asian equity markets and the euro suffered heavy losses on Friday while oil prices jumped as investors took fright from reports of a nuclear power plant on fire amid fierce fighting between Ukraine and Russian troops. The risk-off appetite battered markets across the region, sending U.S. stock futures also…
WASHINGTON (Reuters) – Detroit’s Big Three automakers said on Thursday they will allow autoworkers to stop wearing masks at workplaces where U.S. health officials have said it is safe to do so. General Motors Co Ford Motor Co, Chrysler-parent Stellantis NV and the United Auto Workers union said in a joint statement they would adopt…
By Florence Tan SINGAPORE (Reuters) – Oil prices rebounded on Friday as the disruption of Russian oil exports because of western sanctions outweighed the prospect of more Iranian supplies from a possible nuclear deal. Brent crude futures for May rose to as much as $114.23 a barrel and were at $113.72, up $3.26, or 3%…
WASHINGTON (Reuters) – A World Bank emergency cash disbursement to Ukraine will grow to 460 million euros ($509 million) with contributions from Sweden and the Netherlands, and will be submitted for board approval on Friday, two people familiar with the transaction said. Ukraine’s government could receive the funds almost immediately after the board approves the…
By Jonnelle Marte (Reuters) – Russia’s invasion of Ukraine adds uncertainty to the U.S. economic outlook and may boost near-term inflation, but household savings and strong economic growth should help limit the damage, New York Federal Reserve Bank President John Williams said on Thursday. Higher oil prices stemming from the crisis may act like a…
Two U.S. university campuses are losing their food-delivery robots for now because of Russia’s invasion of Ukraine. Grubhub said Thursday that it is ending its partnership with Russian tech company Yandex and pulling 100 Yandex-made food-delivery robots from the campuses of Ohio State University in Columbus, Ohio, and the University of Arizona in Tucson, Arizona….
By Kantaro Komiya TOKYO (Reuters) – Japan’s jobless rate rose to 2.8% and a gauge of job availability grew to a 21-month-high in January, government data showed on Friday. The mixed data came as firms in the world’s third-largest economy conclude annual labour talks, while downside pressures from record coronavirus tolls and the Ukraine crisis…
(Reuters) – Costco Wholesale Corp beat Wall Street estimates for quarterly revenue and profit on Thursday, as consumers returning to its stores bought more groceries and splurged on high-margin items such as jewelry and home furnishing goods. Sales at Costco, which relies heavily on customers seeking a treasure-hunt shopping experience at its cavernous warehouses, have…