BRUSSELS (AP) — Disappointment has set in two years after the election of U.S. President Joe Biden was supposed to reset trans-Atlantic relations with the European Union. EU leaders are openly talking about fights, not only friendship. They say conflict with Washington is the last thing they want, with war raging on their doorstep in…
(Reuters) – U.S. crude stocks, gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 10.2 million barrels in the week ended Dec. 9 to 424.1 million barrels, compared with analysts’ expectations in a Reuters poll for a 3.6 million-barrel drop. Crude stocks at…
By Shubham Batra and Ankika Biswas (Reuters) – Wall Street’s main stock indexes were set for a subdued open on Wednesday as investors exercised caution ahead of the much-anticipated interest rate decision by the Federal Reserve later in the day. The central bank is widely expected to hike the fed-funds rate by half a percentage…
(Reuters) – Facebook parent Meta Platforms Inc implemented more recommendations from its oversight board in the third quarter than the second, the independent body said on Wednesday. The oversight board received more than a quarter of a million appeals from Facebook and Instagram users around the world during the quarter ended Sept. 30. The panel,…
BANGKOK (Reuters) – Thailand’s economy is still on the recovery path and should grow 3.4% this year and 3.8% next year, supported by a rebound in its vital tourism sector, the finance minister said on Wednesday. Southeast Asia’s second-largest economy can weather global uncertainties, while average inflation should come in at 6% this year, Arkhom…
NEW YORK (AP) — Say goodbye to virtual wine tastings, and bust out the karaoke. Love them or hate them, company holiday parties are back — in a toned-down kind of way. After more than two years of working in pajama bottoms and clinking glasses over Zoom, many office workers seem to be yearning for…
BEIJING (Reuters) – China has set out plans to expand domestic demand, the state Xinhua News Agency reported on Wednesday, as the economy struggles with COVID and weakening external demand. It said the plans had been issued in recent days. (Reporting by Beijing Newsrooom; Editing by Andrew Heavens)
By Jared Higgs and Brian Ellsworth NASSAU (Reuters) – Cordoned-off roads, a sweltering courtroom and numerous delays marked Sam Bankman-Fried’s first in-person public appearance since his crypto company collapsed. The Bahamas courtroom hearing, conducted over the course of six hours, saw Bankman-Fried, dressed in a suit rather than his typical t-shirt attire, seeking bail to…
By Summer Zhen and Samuel Shen HONG KONG/SHANGHAI (Reuters) – Global investors, already caught off guard by China’s virus-policy U-turn, now find themselves flying blind into a chaotic post-pandemic transition, lacking proper data to track rising infections and potential threats to the economy in the months ahead. Authorities in China, where official data often confounds…
(Reuters) -U.S. lawmakers have introduced a bipartisan bill to sanction Chinese tech company Huawei Technologies Ltd and Chinese 5G companies, restricting them from accessing U.S. banks. The bill, introduced by Republican senator Tom Cotton and backed by lawmakers such as Senate Majority Leader Chuck Schumer, a Democrat, seeks to “severely sanction” Huawei, and other “untrustworthy”…
