By Jeff Mason and Trevor Hunnicutt WASHINGTON (Reuters) -Finance ministers from the Group of Seven club of wealthy nations will discuss the Biden administration’s proposed price cap on Russian oil when they meet on Friday, the White House said. “This is the most effective way, we believe, to hit hard at Putin’s revenue and doing…
By Stephen Nellis and Jane Lanhee Lee SAN FRANCISCO (Reuters) -Chip technology firm Arm Ltd, which is owned by Softbank Group Corp, said on Wednesday it has sued Qualcomm Inc and Qualcomm’s recently acquired chip design firm Nuvia Inc for breach of license agreements and trademark infringement. Arm is seeking an injunction that would require…
WASHINGTON (Reuters) – A bipartisan group of 38 state attorneys general called on Congress to pass legislation to allow states and other federal agencies to investigate airline passenger complaints. Passenger airlines are exempt from oversight by the Federal Trade Commission and most state investigations under a 1958 law. The state attorneys general said they “have little…
GENEVA (AP) — The number of new coronavirus cases and deaths reported globally continued to fall nearly everywhere in the world in what the World Health Organization described as a “welcome decline” at a media briefing on Wednesday. The U.N. health agency said there were 4.5 million new COVID-19 cases reported last week, a 16%…
By Devik Jain and Sruthi Shankar (Reuters) – U.S. stock indexes struggled for direction on Wednesday and were set for sharp monthly declines as investors worried how much the Federal Reserve will hike interest rates to tame inflation, while chipmakers slid after tepid forecasts from Seagate and HP Inc. The three main indexes were on…
SILVER SPRING, Md. (AP) — The parent company of social media platform Snapchat said Wednesday that it is letting go of 20% of its staff as it reorganizes and tries to reduce costs in the face of declining ad sales. In a letter to staff posted on Snap Inc.’s website, CEO Evan Spiegel said sales…
By Andrea Shalal KYIV (Reuters) – The head of state-run Ukranian energy company Naftogaz is ready to step down if it would help the business to restructure its debt in the wake of Russia’s invasion, he told Reuters on Wednesday. Vitrenko’s position came under scrutiny last month after the Ukraine government openly criticised the company’s…
By Christoph Steitz and Nina Chestney FRANKFURT/LONDON (Reuters) – Russia halted gas supplies via Europe’s key supply route on Wednesday, intensifying an economic battle between Moscow and Brussels and raising the prospects of recession and energy rationing in some of the region’s richest countries. European governments fear Moscow could extend the outage in retaliation for…
PRAGUE (AP) — European Union countries agreed Wednesday to make it harder for Russian citizens to enter the 27-nation bloc, but they failed to find a consensus on imposing an outright tourist ban in response to Russia’s war on Ukraine. At talks in the Czech Republic, EU foreign ministers were desperate to put on a…
(Reuters) – U.S. stock indexes opened higher on Wednesday as technology and growth stocks rebounded, while weaker-than-expected private payrolls data and a slide in oil prices helped ease some worries about inflation. The Dow Jones Industrial Average rose 36.28 points, or 0.11%, at the open to 31,827.15. The S&P 500 opened higher by 14.51 points,…
