BERLIN (AP) — German lawmakers have approved a plan to keep the country’s three remaining nuclear power plants until mid-April, extending their life beyond the originally planned shut-off at the end of this year. The lower house of parliament voted 375-216 to approve the extension, with 70 abstentions. Friday’s vote came after Chancellor Olaf Scholz…
(Reuters) – Justin Sun, founder of the crypto token Tron, said he was prepared to provide FTX with billions in aid, according to a tweet by a Bloomberg News reporter on Friday. (Reporting by Manya Saini in Bengaluru; Editing by Arun Koyyur)
FRANKFURT, Germany (AP) — The European Union’s executive commission slashed its forecast for economic growth next year, saying the 19 countries that use the euro currency will slide into recession over the winter as peak inflation hangs on for longer than expected and high fuel and heating costs erode consumer purchasing power. The European Commission’s…
By David Lawder NEW DELHI (Reuters) – U.S. Treasury Secretary Janet Yellen told Reuters on Friday that she plans to meet with China’s central bank governor Yi Gang on the sidelines of the G20 Summit in Bali to discuss global economic conditions and China’s property market situation. Yellen spoke about the plans for her first…
TOKYO (AP) — Japanese technology investor SoftBank Group Corp. reported on Friday a 3 trillion yen ($21 billion) profit for the July-September quarter, a sharp reversal from its loss a year ago. After its 398 billion yen loss a year earlier, quarterly sales rose to 1.6 trillion yen ($11 billion) from 1.5 trillion yen, it…
LONDON (AP) — Britain’s economy shrank in the three months to September, official statistics said Friday, as forecasters warned of many months of contraction to come. The Office for National Statistics said gross domestic product fell by 0.2% between July and September, a smaller-than-expected contraction that nevertheless is seen to signal the start of a…
By Sudarshan Varadhan and Yimou Lee NEW DELHI/TAIPEI (Reuters) – Apple supplier Foxconn plans to quadruple the workforce at its iPhone factory in India over two years, two government officials with knowledge of the matter said, pointing to a production adjustment as it faces disruptions in China. Foxconn has grabbed headlines in recent weeks, with…
TOKYO (Reuters) -Japan’s Seven & i Holdings Co Ltd said on Friday it will sell its Sogo & Seibu department store unit to U.S. fund Fortress Investment Group. Seven & i, operator of 7-Eleven convenience stores and the Speedway gas station chain in the United States, has been under pressure from activist fund ValueAct Capital…
By Ankur Banerjee SINGAPORE (Reuters) – Asian shares scaled a seven-week high on Friday, while the dollar wobbled after cooler-than-expected U.S. inflation data sparked hopes that the Federal Reserve could tone down its aggressive interest rate hikes. MSCI’s broadest index of Asia-Pacific shares outside Japan soared 5.33%, set for its biggest one-day percentage jump since…
NEW YORK (AP) — Wall Street piled more gains Friday onto its mammoth rally from a day earlier to close out its best week since the summer. The S&P 500 rose 0.9% a day after soaring 5.5% for its best day in more than two years. The Dow Jones Industrial Average added 32 points to…
