By Daniel Wiessner (Reuters) – Business groups will almost certainly file lawsuits in an attempt to delay or derail a rule proposed by the Biden administration on Tuesday that would limit companies’ use of independent contractors, experts said. The proposal by the U.S. Department of Labor prompted immediate criticism from groups representing an array of…
By Nick Carey LONDON (Reuters) – BYD on Wednesday received a coveted five-star Euro NCAP safety rating for its electric ATTO 3 crossover SUV, the latest Chinese carmaker to receive top marks as it seeks to gain a foothold in Europe’s competitive car market. Two other Chinese-made cars – the eCitroënC5 X, built by a…
By Noah Browning (Reuters) -Oil futures recouped some losses on Wednesday, recovering from a 2% slide in the previous session, supported by supply concerns stemming from last week’s OPEC+ cut to its production target, though a stronger dollar weighed on sentiment. Brent crude futures were up 36 cents, or 0.4%, at $94.65 a barrel by…
WARSAW, Poland (AP) — A leak was detected in an underground oil pipeline in Poland which is the main route through which Russian crude reaches Germany, the Polish operator said Wednesday. The operator, PERN, said it detected a leak in the Druzhba pipeline on Tuesday evening about 70 kilometers (45 miles) from the central Polish…
TALLINN, Estonia (AP) — Statements made this week by Belarusian President Alexander Lukashenko have reignited fears that his army could join Russian forces in Moscow’s war against Ukraine, but the authoritarian leader appears reluctant to lend his troops to the effort, despite perceived pressure from Moscow. Russia has already used Belarus, its longtime and dependent…
BANGKOK (Reuters) – Thailand’s industrial sentiment rose for a fourth straight month in September, reaching the highest level in 32 months, bolstered by improved domestic demand and a recovery in the crucial tourism sector, an industries group said on Wednesday. The Federation of Thai Industries (FTI) said its industries sentiment index rose to 91.8 in…
KYIV, Ukraine (AP) — Russian missile attacks caused a crippled nuclear plant in Ukraine to lose all external power for the second time in five days, increasing the risk of a radiation disaster because electricity is needed to operate critical safety systems, Ukraine’s state nuclear operator said Wednesday. The Russian-occupied Zaporizhzhia Nuclear Power Plant suffered…
LONDON (AP) — Britain’s economy faced new shocks Wednesday after the Bank of England ruled out extending an emergency debt-buying plan – and the Conservative government appeared to blame the independent central bank for the U.K.’s economic turmoil. Prime Minister Liz Truss came under more pressure from her Conservative Party to abandon the tax-cutting economic…
By Kevin Buckland and Georgina Lee TOKYO (Reuters) – The dollar scaled new 24-year heights on the yen on Wednesday, breaching levels that prompted intervention by Japanese officials last month, while investors in sterling were scratching their heads about the Bank of England’s plans. The dollar reached as high as 146.39 yen in early Asia…
ISTANBUL (Reuters) – Turkish industrial production expanded 1% year-on-year in August, data showed on Wednesday, extending its rise for a 26th consecutive month against a background of surging inflation and lira weakness. Month-on-month, industrial output expanded 2.4% on a calendar and seasonally adjusted basis, the Turkish Statistical Institute said. (Reporting by Berna Suleymanoglu and Azra…
