BEIJING (Reuters) -The death toll rose to 29 on Wednesday from a fire at a Beijing hospital that was one of the Chinese capital’s deadliest in at least two decades, killing 26 patients and wounding dozens. Social media showed dramatic videos of people using tied bed sheets to climb down the walls to escape smoke…
By Jason Lange WASHINGTON (Reuters) – U.S. President Joe Biden’s public approval fell to 39% this month, nearing the lowest level of his presidency, as the U.S. economy showed signs of losing steam, a Reuters/Ipsos poll showed. The three-day poll, which ended on Sunday, showed a modest decline from last month, when 42% of respondents…
By Arshad Mohammed and Jonathan Landay WASHINGTON (Reuters) – It was huge, expensive and top secret. In the early 1970s the CIA built a gigantic ship called the Hughes Glomar Explorer to lift a sunken Soviet submarine from the bottom of the Pacific Ocean, according to a declassified history by the U.S. intelligence agency. But…
By Tim Hepher and Valerie Insinna PARIS/WASHINGTON (Reuters) -Planemakers have signalled a shift in production strategy to make factories more resilient to recent supply disruptions by adding “surge capacity,” even where that means extra cost. Leaders of Airbus and Boeing have both used the term in recent days – which can include expanding factory space…
A look at the day ahead in U.S. and global markets from Mike Dolan For an investment world now so convinced of looming recession and substantially positioned for it, the incoming growth, inflation, banking and earnings pictures still won’t play ball. That leaves Wall St stocks in something of a sideways shuffle that has crushed…
By Alun John LONDON (Reuters) – The euro and pound are being whisked along by a conveyor belt of interest rate hikes in Europe just as U.S. rates near a peak, a reversal of the trends that drove them to multi-decade lows last year. The two currencies have rallied 4-5% against the dollar since March…
SHANGHAI (Reuters) – Elon Musk has said the only thing holding back electric vehicle (EV) sales is their price. Companies like BYD are solving that problem in China – and getting ready to solve it for the world. China’s largest EV maker unveiled this week the Seagull at the Shanghai auto show, shocking analysts and…
By Casey Hall SHANGHAI (Reuters) – At the Shanghai auto show this week, the largest crowds can be found around an unassuming, bright yellow hatchback parked at the booth of China’s largest electric carmaker BYD. Dubbed the “Seagull”, BYD’s latest electric vehicle (EV) made its debut at the event this week, stunning visitors not so…
By Balazs Koranyi FRANKFURT (Reuters) – Euro zone inflation eased last month but underlying readings remained stubbornly high, Eurostat said on Wednesday, confirming preliminary data that raised worries at the European Central Bank about the persistence of price pressures. Consumer inflation in the 20 nations sharing the euro eased to 6.9% from 8.5%, primarily on…
By Amanda Cooper and Tom Westbrook LONDON/SINGAPORE (Reuters) – Global stocks eased on Wednesday, while the dollar pulled further above last week’s one-year lows, as investor focus honed in on what the Federal Reserve may have to do to tame inflation, rather than on the recent problems in the U.S. banking sector. The MSCI All-World…
