By Parisa Hafezi DUBAI (Reuters) -Iran’s supreme leader on Sunday said a deal with the West over Tehran’s nuclear work was possible if the country’s nuclear infrastructure remained intact, amid a stalemate between Tehran and Washington to revive a 2015 nuclear pact. Months of indirect talks between Tehran and Washington to salvage the nuclear accord…
By Aziz El Yaakoubi and Maha El Dahan RIYADH (Reuters) -Saudi Arabia wants to collaborate, not compete, with China, the kingdom’s energy minister declared on Sunday, saying he “ignored” Western suspicions over their growing ties. As the world’s top oil exporter, Saudi Arabia’s bilateral relationship with the world’s biggest energy consumer is anchored by hydrocarbon…
By David Randall NEW YORK (Reuters) -A U.S. stocks rally is showing signs of expanding beyond the cluster of giant growth and tech names that have led gains this year, as investors reposition portfolios primed for a widely expected recession. For months, investors piled into a handful of megacap companies seen as safe bets in…
(Reuters) – Germany’s Finance Minister Christian Lindner is refusing Intel’s demands for higher subsidies for a 17-billion-euro ($18-billion) chip plant, saying the country could not afford it, the Financial Times reported on Sunday. “There is no more money available in the budget,” the newspaper quoted Lindner as saying in an interview. “We are trying to…
(Reuters) -The Pacific Maritime Association (PMA), which represents terminal operators, said in a tweet on Saturday that coordinated and disruptive work actions led by the International Longshore and Warehouse Union (ILWU) have shut down cargo operations at the Port of Seattle. “On the first shift today, the ILWU refused to dispatch any longshore workers to…
(Reuters) – Twitter has refused to pay its Google Cloud bills as its contract comes up for renewal this month, which could result in the social media company’s trust and safety teams being crippled, Platformer reported on Saturday. Before Elon Musk’s takeover of the social media platform last year, Twitter signed a multi-year contract with…
WASHINGTON (Reuters) – China has been spying from Cuba for some time and upgraded its intelligence collection facilities there in 2019, a Biden administration official said on Saturday, following a report about a new spying effort underway on the island. The Wall Street Journal on Thursday reported that China had reached a secret deal with…
(Reuters) -Credit Suisse Group AG Chief Executive Ulrich Koerner has indicated that the emergency takeover of the bank by UBS AG will close on Monday, Bloomberg News reported on Saturday, citing an internal memo. “While Monday brings to an end this chapter in our history, it is also the beginning of a new and exciting…
By Carolina Mandl and Nell Mackenzie NEW YORK/LONDON (Reuters) -Crispin Odey, one of Britain’s best-known hedge fund managers, will be leaving the company he founded, Odey Asset Management, following allegations of sexual misconduct, the firm’s executive committee said on Saturday. The Financial Times and Tortoise, in a joint publication on Thursday, reported allegations by 13…
LONDON (Reuters) – “Call of Duty” maker Activision Blizzard has been given permission to intervene in Microsoft’s legal battle with Britain’s anti-trust regulator over its decision to block the $69 billion takeover. Microsoft is appealing against the Competition and Markets Authority’s (CMA) decision to veto the deal, which it did in April on the grounds…
