WASHINGTON (AP) — Fewer Americans filed for unemployment benefits last week as the labor market continues to shine despite weakening elements of the U.S. economy. Applications for jobless aid for the week ending Aug. 27 fell by 5,000 to 232,000, the Labor Department reported Thursday. The four-week average for claims, which evens out some of…
BEIJING (AP) — The Chinese government on Thursday called on Washington to repeal its technology export curbs after California-based chip designer Nvidia said a new product might be delayed and some work might be moved out of China. The latest controls add to mounting U.S.-Chinese tension over technology and security. American officials say they need…
BERLIN (Reuters) – German autos association VDA dampened its forecast for the passenger car market in the United States and Europe on Thursday, citing inflation, interest rates and ongoing supply chain troubles. It adjusted its forecast for passenger car deliveries in the U.S. to predict a 7% drop this year, from a previous forecast of…
(Corrects headline, paragraph 1 to remove reference to annual profit beating estimates) (Reuters) -Campbell Soup Co forecast annual core sales above estimates on Thursday, as higher prices fail to quell demand for the Prego pasta sauces owner’s packaged meals and canned soups. Packaged food makers have steadily raised prices on everything from cookies to beef…
WASHINGTON (Reuters) – Ford Motor Co is recalling 198,000 SUVs in the United States to replace a blower motor assembly after reports of 25 fires, it said on Thursday. The recall covers 2015-2017 model year Ford Expedition and Lincoln Navigator vehicles. Ford said it had three reports of fires linked to property damage to structures…
BERLIN (Reuters) – Germany’s cartel office has prohibited Lufthansa from ending long-term cooperation agreements with charter airline Condor until further notice, saying the national carrier was hindering Condor competing on long-haul routes. Lufthansa has said it would cancel an agreement allowing Condor passengers to use Lufthansa feeder flights as part of their journey to holiday…
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka has reached a preliminary agreement with the International Monetary Fund (IMF) for a loan of about $2.9 billion, the global lender said on Thursday, as the country seeks a way out its worst economic crisis in decades. The agreement, which Reuters first reported on Wednesday, is subject to…
NEW DELHI (Reuters) -Boeing Co expects the 737 MAX 7 will be certified by the end of the year and the larger MAX 10 in the first half of 2023, a company executive said on Thursday. The planemaker faces a year-end deadline from U.S. lawmakers for both or will need to meet new cockpit alerting…
By Praveen Menon and Shashwat Awasthi (Reuters) -Rio Tinto on Thursday reached an in-principle agreement to buy the rest of Canadian firm Turquoise Hill Resources for $3.3 billion, which gives the global miner direct ownership of a giant copper mine in Mongolia. Rio will pay C$43 per share in cash for the 49% of Turquoise…
BEIJING (AP) — Asian stock markets were mixed Friday ahead of U.S. jobs data that might influence Federal Reserve plans for more interest rate hikes to cool surging inflation. Shanghai and Seoul advanced while Tokyo and Hong Kong retreated. Oil prices rose more than $1.50 per barrel. Investors looked ahead to U.S. data on August…
