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November 14, 2022
China consumer, factory activity down as virus controls rise
BEIJING (AP) — Chinese consumer spending contracted in October and factory activity weakened as anti-virus controls following a rise in…
Japan’s Olympus Says Moving From Asset Sales Towards Doing Deals
By Rocky Swift and Mayu Sakoda TOKYO (Reuters) – Japanese medical equipment maker Olympus Corp has largely completed a slew…
Japan’s economy shrinks as consumers hold back on spending
TOKYO (AP) — The Japanese economy contracted at an annual rate of 1.2% in the July-September quarter, as consumption declined…
Buffett’s firm cuts stakes U.S. Bank, BYD; adds chip maker
OMAHA, Neb. (AP) — Warren Buffett’s company slashed its stake in U.S. Bank’s parent company and also sold shares in…
Renault Chairman Says ‘nothing Is Blocking’ Nissan Alliance Talks
TOKYO (Reuters) – Nothing is blocking discussions between Nissan and Renault over the future of their alliance and the two…
Amazon To Lay Off Thousands Of Employees -source
By Jeffrey Dastin (Reuters) -Amazon.com Inc is planning to lay off around 10,000 employees in corporate and technology roles beginning…
FTX’s Founder Bankman-Fried Says He Failed To See Warning Signs – NYT
(Reuters) – FTX founder and former Chief Executive Sam Bankman-Fried said he expanded his business too fast and failed to…
Japan’s Q3 GDP Unexpectedly Shrinks As Soaring Inflation, Global Slowdown Take Toll
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s economy unexpectedly shrank in the third quarter, the first contraction in a year as…
Fed’s top financial regulator urges ‘guardrails’ for crypto
WASHINGTON (AP) — The top U.S. banking regulator at the Federal Reserve is urging Congress to pass legislation that would…
Frontier, 5 other airlines to refund more than $600 million
Frontier Airlines and five foreign carriers have agreed to refund more than $600 million combined to travelers whose trips were…