SHANGHAI (Reuters) -Chinese tech giant Huawei Technologies Co Ltd estimated on Friday its 2022 revenue grew 0.4% annually, suggesting that its sales decline due to U.S. sanctions had come to a halt. Despite revenue increasing only marginally, rotating chairman Eric Xu struck an upbeat tone in the company’s annual New Year’s letter, where he revealed…
By Florence Tan SINGAPORE (Reuters) – Oil prices edged up on Friday and were on track to post a second straight annual gain, albeit a meagre one, in a year marked by tight supplies due to the Ukraine conflict, a strong dollar and weak demand from the world’s top crude importer China. Brent crude futures…
By Ahmed Aboulenein WASHINGTON (Reuters) – The U.S. Food and Drug Administration failed to adhere to its own guidance and internal practices during the approval process for Biogen’s Alzheimer’s drug Aduhelm, which was “rife with irregularities,” a congressional report showed on Thursday. The FDA’s interactions with Biogen were “atypical” and did not follow the agency’s…
(Reuters) – The Securities Commission of the Bahamas said on Thursday that it is holding FTX assets worth $3.5 billion based on market pricing at the time of transfer on a temporary basis to deliver them to customers and creditors who own them. FTX’s Bahamas unit’s digital assets were transferred to digital wallets under the…
By Doina Chiacu and David Shepardson WASHINGTON (Reuters) -Southwest Airlines promised to reimburse passengers for expenses such as hotels and car rentals in addition to refunding tickets after it canceled thousands of flights due to a massive winter storm and said there would be a still-undetermined hit to its earnings. “There’ll certainly be an impact…
CHRISTIANSTED, St. Croix (Reuters) -President Joe Biden on Thursday signed a $1.66 trillion bill funding the U.S. government for fiscal year 2023, the White House said in a statement. Biden signed the bill, which passed Congress last week, while vacationing on the Caribbean island of St. Croix. The legislation includes record military funding, emergency aid…
By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed sharply higher on Thursday, powered by a rebound in recently battered mega-cap growth stocks, while crude oil prices declined as a surge of COVID cases in China exacerbated fears of global economic downturn. All three major U.S. stock indexes jumped in a broad-based rally on…
By Dietrich Knauth (Reuters) – A group of FTX customers from outside the United States have asked a U.S. bankruptcy judge to keep their names secret during the cryptocurrency exchange’s bankruptcy case, saying that revealing their identities could expose them to identity theft and other scams. Bankrupt companies typically reveal the names and amounts of…
By Doina Chiacu and Ismail Shakil WASHINGTON (Reuters) -Southwest Airlines Co. said it plans to return to normal operations on Friday after days of running at a third of its usual capacity due to disruptions triggered by a massive winter storm that swept much of the United States around the Christmas holiday. The storm forced…
By Dan Burns (Reuters) -The number of Americans filing new claims for unemployment benefits edged higher last week and a week earlier the total number on jobless assistance reached the highest since February, but both remain at levels indicating the U.S. job market remains tight, even as the Federal Reserve works to cool demand for…
