HOUSTON (Reuters) – Crude inventories in the U.S. Strategic Petroleum Reserve (SPR) fell 7.5 million barrels in the week to Sep. 2 to 442.5 million barrels, their lowest level since November 1984, according to data https://www.spr.doe.gov/dir/dir.html from the Department of Energy. About 5.9 million barrels released from the SPR were sweet crude, while 1.7 million…
Bed Bath & Beyond has named Chief Accounting Officer Laura Crossen as interim chief financial officer to replace Gustavo Arnal, whose death late last week adds to a cloud of financial uncertainty for the company and further complicates its plans for a turnaround. According to the New York City Police Department, police found the 52-year-old…
By Andrea Shalal KYIV/NEW YORK (Reuters) – Ukraine’s President Volodymyr Zelenskiy remotely rang the opening bell at the New York Stock Exchange on Tuesday as his nation appealed for billions in private investment to rebuild factories and industries destroyed by Russia. Zelenskiy’s government launched a platform of over 500 projects worth $400 billion for foreign…
BERLIN (AP) — The German government plans to drop a requirement for people to wear masks on flights to and from the country, though the health minister said Tuesday that it could be reimposed if coronavirus cases rise sharply. The rules mandating masks on flights run through Sept. 23, and the smallest party in the…
By Nqobile Dludla JOHANNESBURG (Reuters) -Shares in Shoprite Holdings slid 7% on Tuesday after South Africa’s No. 1 grocer reported lower-than-expected profit and a narrower trading margin, while promising to hold down prices to keep attracting customers as they feel the inflation squeeze. The discount chain with stores in 11 African countries raised its final…
FRANKFURT, Germany (AP) — Europe is facing an energy crisis that is squeezing ordinary people’s finances and in just a few weeks could mushroom into rolling blackouts and factory shutdowns. Already, many economists say a recession is on the way. The cause: Russia has choked off the supplies of cheap natural gas that the continent…
SAO PAULO (Reuters) – Brazil’s government on Tuesday ordered Apple Inc to stop selling iPhones without a battery charger in the country, claiming that the company provides an incomplete product to consumers. The Justice Ministry fined Apple 12.275 million reais ($2.38 million) and ordered the cancellation of the sale of the iPhone 12 and newer…
(Reuters) – A former FedEx Corp delivery contractor on Tuesday called for a no-confidence vote by contractors against FedEx Ground Chief Executive John Smith, escalating a conflict with the parcel delivery firm. The vote is scheduled to start on Tuesday and will end on Friday, Spencer Patton, president of the Trade Association for Logistics Professionals…
BERLIN (AP) — Russia sent significantly more oil and coal to India and China over the summer compared with the start of the year, while European countries that long relied on Russian energy have cut back sharply in response to the war in Ukraine, said a report published Tuesday. The Centre for Research on Energy…
(Reuters) – The U.S. Department of Commerce released its plan for implementing its $50 billion program to subsidize domestic chip manufacturing and expand research early on Tuesday. The CHIPS – Creating Helpful Incentives to Produce Semiconductors – for America Fund is meant to boost efforts to make the United States more competitive with China’s science…
