U.S. Blacklists Companies For Aiding Russian Military

U.S. Blacklists Companies For Aiding Russian Military

By David Shepardson WASHINGTON (Reuters) -The Biden administration on Wednesday added 24 companies and other entities to an export control list for supporting Russia’s military or defense industrial base, Pakistan’s nuclear activities or for supplying an Iranian electronics company. The entities, based in Latvia, Pakistan, Russia, Singapore and Switzerland, were added over U.S. national security…

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J.P.Morgan Sees 'milder' Euro Zone Economic Contraction In Fourth Quarter

J.P.Morgan Sees ‘milder’ Euro Zone Economic Contraction In Fourth Quarter

(Reuters) – J.P.Morgan on Wednesday forecast a “milder” fourth-quarter contraction in the euro zone after strong resilience of the household sector resulted in a better-than-expected economic growth in the prior quarter. The brokerage now expects the economy to shrink 0.5% quarter-on-quarter, compared with its previous forecast of a 1.25% contraction. (Reporting by Subhadeep Chakravarty in…

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