WASHINGTON (AP) — Despite high interest rates and chronic inflation, the U.S. economy grew at a 2.9% annual rate from July through September, the government said Wednesday in a healthy upgrade from its initial estimate. Last quarter’s rise in the U.S. gross domestic product — the economy’s total output of goods and services — followed…
BERLIN (Reuters) – German Economy Minister Robert Habeck on Wednesday announced his country’s exit from the Energy Charter Treaty, as growing dissatisfaction with the agreement in Europe casts doubt over its future. “The Energy Charter Treaty has proven itself in the past to be an obstacle for change,” he said following a cabinet meeting during…
WASHINGTON (AP) — The United States isn’t seeking to sever economic ties with China — even as Washington takes steps to protect America’s technological and military prowess from Beijing, U.S. Commerce Secretary Gina Raimondo said. Speaking to reporters in advance of a speech Wednesday on the Biden administration’s China policy, Raimondo said: “We’re not seeking…
(Refiles to fix extraneous words in paragraph 8, add dropped word in paragraph 2) SHANGHAI (Reuters) -Apple supplier Foxconn on Wednesday offered a 1,000 yuan ($141.11) award to staff who successfully recommend people to work at its plant in China’s Zhengzhou city, as it tries to replenish depleted staff numbers there after recent unrest. The…
HONG KONG (AP) — Jimmy Lai broke into Hong Kong’s rambunctious media world 30 years ago armed with the belief that delivering information equates with protecting freedom. Lai’s own freedom is at stake as he fights charges of endangering national security as former publisher of his now-defunct pro-democracy newspaper Apple Daily. Already serving a 20-month…
LONDON (Reuters) – FTX’s venture capital arm has assets that could be worth investing in, but since the failed crypto exchange has entered Chapter 11 bankruptcy proceedings the process could take time, cryptocurrency entrepreneur Justin Sun said on Wednesday. “FTX Ventures still has lots of portfolio (companies) and we are going through them one by…
FRANKFURT, Germany (AP) — Inflation in Europe has eased for the first time in more than a year as energy prices drifted down from painful highs, but the double-digit rate still hovers near a record that has robbed consumers of their spending power and led economists to predict a recession. The consumer price index in…
By Cynthia Kim SEOUL (Reuters) -South Korea’s central bank is ready to adjust its pace of policy tightening to achieve a soft landing in real estate and hopes the peak of its target rate in this cycle will be around 3.5%, its governor said at the Reuters NEXT conference on Wednesday. Governor Rhee Chang-yong declined…
BEIJING (AP) — A campaign to vaccinate the elderly has sparked hopes China might roll back severe anti-virus controls that prompted protesters to demand President Xi Jinping resign, but the country faces daunting hurdles and up to a year of hard work before “zero COVID” can end. Stock markets rose after the National Health Commission…
SINGAPORE (Reuters) – The U.S. Securities and Exchange Commission has yet to approve any spot bitcoin exchange-traded fund listings to date, commissioner Mark Uyeda said at the sidelines of a forum in Singapore on Wednesday. “We’ve had a number of applications … none of those have been approved to date,” said Uyeda, who was in…
