WASHINGTON (AP) — U.S. job openings dropped in October but remained high, a sign that businesses became slightly less needy for workers as the Federal Reserve ramps up interest rates in an effort to cool the economy. Employers posted 10.3 million job vacancies in October, down from 10.7 million in September, the Labor Department said…
By Marianna Parraga and Jonathan Saul HOUSTON/LONDON (Reuters) – When the supertanker Young Yong sailed to the Chinese port of Qingdao in September last year, it had quality certificates for its cargo stating it was transporting Malaysian crude oil, according to the documents reviewed by Reuters. But satellite images and photos show the Chinese-owned ship…
Rebecca Thompson was about to sign a lease for an apartment with a friend in early 2020 when businesses started shutting down because of the COVID-19 pandemic. So instead, the 34-year-old decided to stay with her parents to save money. But with home prices skyrocketing in Dallas, she thought she’d never be able to buy…
WASHINGTON (Reuters) – The U.S. economy rebounded more strongly than initially thought in the third quarter, the government confirmed on Wednesday, but higher interest rates as the Federal Reserve battles inflation have raised the risks of a recession next year. Gross domestic product increased at a 2.9% annualized rate, the government said in its second…
WASHINGTON (AP) — Despite high interest rates and chronic inflation, the U.S. economy grew at a 2.9% annual rate from July through September, the government said Wednesday in a healthy upgrade from its initial estimate. Last quarter’s rise in the U.S. gross domestic product — the economy’s total output of goods and services — followed…
BERLIN (Reuters) – German Economy Minister Robert Habeck on Wednesday announced his country’s exit from the Energy Charter Treaty, as growing dissatisfaction with the agreement in Europe casts doubt over its future. “The Energy Charter Treaty has proven itself in the past to be an obstacle for change,” he said following a cabinet meeting during…
WASHINGTON (AP) — The United States isn’t seeking to sever economic ties with China — even as Washington takes steps to protect America’s technological and military prowess from Beijing, U.S. Commerce Secretary Gina Raimondo said. Speaking to reporters in advance of a speech Wednesday on the Biden administration’s China policy, Raimondo said: “We’re not seeking…
(Refiles to fix extraneous words in paragraph 8, add dropped word in paragraph 2) SHANGHAI (Reuters) -Apple supplier Foxconn on Wednesday offered a 1,000 yuan ($141.11) award to staff who successfully recommend people to work at its plant in China’s Zhengzhou city, as it tries to replenish depleted staff numbers there after recent unrest. The…
HONG KONG (AP) — Jimmy Lai broke into Hong Kong’s rambunctious media world 30 years ago armed with the belief that delivering information equates with protecting freedom. Lai’s own freedom is at stake as he fights charges of endangering national security as former publisher of his now-defunct pro-democracy newspaper Apple Daily. Already serving a 20-month…
LONDON (Reuters) – FTX’s venture capital arm has assets that could be worth investing in, but since the failed crypto exchange has entered Chapter 11 bankruptcy proceedings the process could take time, cryptocurrency entrepreneur Justin Sun said on Wednesday. “FTX Ventures still has lots of portfolio (companies) and we are going through them one by…
