By Ahmad Ghaddar, Alex Lawler and Maha El Dahan LONDON (Reuters) -OPEC and its allies began two days of meetings on Saturday that may culminate in further production cuts of as much as 1 million barrels per day, OPEC+ sources told Reuters, as the group faces flagging oil prices and a looming supply glut. OPEC+,…
By Foo Yun Chee BRUSSELS (Reuters) -A majority of EU countries have rejected a push by Europe’s big telecoms operators to force major tech companies such as Google to help fund the rollout of 5G and broadband in the region, people familiar with the matter said. At a meeting with EU industry chief Thierry Breton…
By Cassandra Garrison MEXICO CITY (Reuters) -Mexico said on Friday it would counter U.S. arguments over agriculture biotech measures, including plans to limit its use of genetically modified (GM) corn, in trade dispute settlement consultations requested by Washington earlier in the day. The consultation request comes as the North American neighbors inch toward a full-blown…
(Reuters) – The United Airlines Holdings Inc pilots union has unanimously voted to authorize a strike vote, the union chair said in a letter to pilots on Friday. “You’ll receive more communication regarding this impending strike vote in the coming days,” the letter says. A spokesman for the Air Line Pilots Association (ALPA) said it…
By Jeff Mason and Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden declared a “crisis averted” on Friday in his first address from the White House’s Oval Office, touting the passage of a bill to suspend the U.S. debt ceiling and avoid economic catastrophe. Biden used the moment to plead with Americans to bridge their…
By Lewis Krauskopf NEW YORK (Reuters) – As the U.S. stock market continues its climb, investors holding shares of the massive tech and growth companies leading the charge are debating whether to cash out or stay on for the ride. A record $8.5 billion flowed into tech stocks in the latest week, data from BofA…
By Herbert Lash and Shreyashi Sanyal (Reuters) -U.S. stocks closed higher on Friday after a labor market report showing moderating wage growth in May indicated the Federal Reserve may skip a rate hike in two weeks, while investors welcomed a Washington deal that avoided a catastrophic debt default. The tech-heavy Nasdaq index surged to a…
By Jonathan Stempel and Mariam Sunny (Reuters) -Indivior Plc said on Friday it agreed to pay $102.5 million to settle a lawsuit by dozens of U.S. states accusing it of illegally suppressing generic competition for its opioid addiction treatment Suboxone. The North Chesterfield, Virginia-based drugmaker denied wrongdoing in resolving claims by 41 U.S. states and…
By Kanishka Singh WASHINGTON (Reuters) – A 2018 privacy lawsuit brought by Washington, D.C., against Facebook owner Meta Platforms Inc was dismissed on Thursday by a Superior Court judge, who ruled the firm did not mislead consumers over the Cambridge Analytica scandal. The lawsuit alleged violation of the district’s consumer protection law. The social media…
By Maha El Dahan, Alex Lawler and Ahmad Ghaddar VIENNA (Reuters) -OPEC and its allies are discussing deepening oil production cuts, possibly by as much as 1 million barrels per day, three sources told Reuters on Friday as oil prices fell towards $70 per barrel and market analysts spoke of a new supply glut. OPEC+,…
