By Scott DiSavino NEW YORK (Reuters) -Oil prices slid for a second day in a row on Friday, pressured by an unexpected rise in U.S. crude and fuel inventories while investors took profits after the benchmarks touched seven-year highs earlier in the week. However, both crude benchmarks rose for a fifth week in a row,…
By Tim Hepher PARIS (Reuters) -Qatar Airways took a $4 million-a-day dispute with Europe’s Airbus to social media on Friday, publishing a video https://www.youtube.com/watch?v=mKN0SpWeILo&feature=youtu.be of the scarred exterior of grounded A350 jets that the airline said underscored “serious and legitimate safety concerns.” The two sides have been locked for months in a spiralling dispute over…
By Scott DiSavino NEW YORK (Reuters) – Oil prices slid for a second day on Friday, pressured by an unexpected rise in U.S. crude and fuel inventories while investors took profits after the benchmarks touched seven-year highs earlier in the week. However, both crude benchmarks were heading for a fifth straight weekly gain, rising over…
SACRAMENTO, Calif. (AP) — California’s unemployment rate dipped a half-percentage point in December as the most populous state added 50,700 nonfarm jobs, accounting for more than a quarter of the nation’s 199,000 new jobs for the month, according to new data released Friday. The state has now regained nearly 72% of the 2.7 million jobs…
LONDON (Reuters) – A potential invasion of Ukraine by neighbouring Russia would be felt across a number of markets, from wheat and energy prices and the region’s sovereign dollar bonds to safe have assets. Below are four charts showing where a potential escalation of tensions could be felt across global markets: 1/SAFE HAVENS Inflation at…
By David Lawder and Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Friday rebranded the Biden administration’s economic agenda as “modern supply side economics” that seeks more labor supply, better infrastructure, education and research to boost potential U.S. growth and ease inflationary pressures. In remarks to a World Economic Forum virtual session, Yellen…
By Tim Hepher PARIS (Reuters) – Qatar Airways hit back on Friday at a decision by Airbus to widen a dispute over damaged passenger jets by cancelling a separate $4.6 billion order for A321neos. The Gulf airline also released a video appearing to show patches of damage to paint and a layer of lightning protecton…
By Davide Barbuscia NEW YORK (Reuters) -BNP Paribas is pushing back its return-to-office date for U.S. employees by nearly a month to the second week of February due to the Omicron variant, an executive at France’s largest bank told Reuters. Wall Street firms were among the first to encourage staff to return to offices, but…
By David Shepardson WASHINGTON (Reuters) -Volkswagen AG agreed to a $3.5 million settlement with Ohio over claims the German automaker violated state laws by manipulating vehicle computer software in its vehicles to mask carbon dioxide emissions, the state attorney general said. In November, the U.S. Supreme Court rejected Volkswagen’s bid to avoid lawsuits filed by…
GENEVA (AP) — Government and business leaders have urged cooperation on the world’s biggest issues — climate change, the coronavirus pandemic and the economic recovery — at the World Economic Forum’s virtual gathering. Speeches and discussions from the likes of Chinese President Xi Jinping and U.N. Secretary-General Antonio Guterres moved online this week after COVID-19…
