By Sudarshan Varadhan (Reuters) – Oil prices were set to post a second straight week of gains on Friday, spurred largely by brightening economic prospects for China which should boost its fuel demand. Brent futures for March delivery gained 30 cents, or 0.35%, to $86.46 a barrel by 0317 GMT, while U.S. crude advanced 49…
WASHINGTON (Reuters) – The U.S. Senate Judiciary Committee scrapped a planned vote on Thursday aimed at allowing news organizations to win more revenue from Alphabet’s Google and Meta’s Facebook. “Today we held over the bill in the Judiciary Committee in part because a colleague was out and we needed his vote on one amendment,” said…
By Josh Ye HONG KONG (Reuters) -Lenovo’s fourth quarter revenue fell 24% and it cut 8% to 9% of its workforce, the Chinese group said on Wednesday, as demand for personal computers (PCs) continued to slump. The world’s largest PC maker said revenue for the January-March period was $12.63 billion, marking the third consecutive quarterly…
BERLIN (Reuters) – Germany’s manufacturing sector contracted at the fastest rate in almost three years in April, although firms increased output slightly as their supply chain problems eased, a survey showed on Tuesday. S&P Global’s final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of Germany’s economy, fell by 0.2 points…
NEW YORK (AP) — Bethenny Frankel has a keen understanding that raising money is a dance, even in the biggest fundraising efforts. As the entrepreneur and podcast host spearheads a massive campaign for Ukrainian relief with her BStrong initiative, in partnership with Global Empowerment Mission, she is balancing plenty — getting their message out and…
WASHINGTON (Reuters) – Secretary of State Antony Blinken on Thursday welcomed the Ethiopian government’s commitment to investigate the diversion of American food aid away from people who needed it, the State Department said. The U.S. Agency for International Development (USAID) said earlier it was suspending food aid to Ethiopia after determining, in coordination with the…
By Tim Kelly, Sakura Murakami and Hyonhee Shin TOKYO/SEOUL (Reuters) – U.S. President Joe Biden wants to lock in friendly ties between Japan and South Korea at a summit on Friday, but their readiness to shelve grievances will be tested when Tokyo begins pumping water from its wrecked Fukushima nuclear plant into the sea. Japan…
BERLIN (AP) — German officials launched what they say is the world’s first fleet of hydrogen-powered passenger trains Wednesday, replacing 15 diesel trains that previously operated on nonelectrified tracks in the state of Lower Saxony. The 14 trains use hydrogen fuel cells to generate electricity that powers the engines. The German government has backed expanding…
Tesla CEO Elon Musk has acquired a 9% stake in Twitter to become its largest shareholder while joining other critics in questioning the social media platform’s dedication to free speech and the First Amendment. Musk’s ultimate aim in acquiring 73.5 million shares, worth about $3 billion, isn’t clear. Yet in late March Musk, who has…
FRANKFURT (Reuters) -Adidas will start selling some of the shoes from its defunct Yeezy partnership with rapper Kanye West at the end of May, the company said on Friday, and plans to donate some of the proceeds to organisations fighting antisemitism and racism. Adidas cut ties with West, who goes by Ye, in October after…
