BERLIN (AP) — Germany’s vice chancellor is stepping up an appeal for the country’s residents to save energy after Russia’s Gazprom announced significant cuts in natural gas deliveries through a key pipeline. State-owned Gazprom announced on Tuesday that it was cutting gas flows through the undersea Nord Stream 1 pipeline to Germany by 40%, then,…
By Hyunjoo Jin and Victoria Waldersee SAN FRANCISCO (Reuters) – Tesla has cut job postings by 14% since Chief Executive Elon Musk warned he was worried about the economy, needed to reduce staff and would pause hiring worldwide. Tesla’s actions are a concerning sign of the health of the global economy as markets contract, inflation…
By Ann Saphir and Lindsay Dunsmuir (Reuters) – Federal Reserve policymakers are less confident than at any time since the height of the pandemic about what will happen with the economy, data published alongside their forecasts and the Fed’s hefty three-quarters-of-a-point rate hike this week show. The last time they were this worried they could…
THE HAGUE, Netherlands (AP) — The Netherlands’ busiest airport is reining in flight departures over its busy summer period because shortages of security staff mean it cannot cope with the high demand as many families take to the skies for the first time since the coronavirus pandemic has eased. The decision is likely to affect…
(Reuters) -A Moscow court on Thursday said it had fined Alphabet’s Google 15 million roubles ($260,000) for repeatedly failing to comply with a Russian law requiring technology companies to localise user data. Russia has issued multiple fines to foreign technology companies in recent years over a range of infringements, in what critics say is Moscow’s…
NEW YORK (AP) — Soaring gasoline prices have left many consumers with no choice but to cut spending on non-essentials, but it might be coming full circle by stopping some drivers from filling up their tanks. This “demand destruction” occurs when persistently high prices cause demand to drop. It’s an unwelcome sign as consumers face…
By Emma Farge GENEVA (Reuters) -Major members of the World Trade Organization reached an initial deal on Thursday, winning over India which said it was confident more global accords could be achieved as negotiations on fishing, vaccines and food security entered their final hours. Ministers from more than 100 countries convened at the global trade…
By Toby Sterling AMSTERDAM (Reuters) -Amsterdam’s Schiphol Airport on Thursday set a cap on the number of passengers it will handle during the summer travel season, citing labour shortages. The move by one of Europe’s busiest airports means that airlines including KLM, the Dutch subsidiary of Air France-KLM, will have to cancel an unspecified number…
(Reuters) – Elon Musk addressed Twitter employees for the first time on Thursday, projecting a need for “rationalization of headcount” but offering few other new details about the $44 billion takeover of the social media company. Musk said he wants to raise the service’s user numbers to at least a billion people and said advertising…
KYIV (Reuters) – The European Central Bank will inevitably raise interest rates more slowly than the U.S. Federal Reserve given the different economic circumstance in the euro zone, Italian Prime Minister Mario Draghi said on Thursday. Speaking to reporters during a visit to Kyiv, Draghi, a former ECB president, said the U.S. had full employment…
