By Dominique Vidalon PARIS (Reuters) -French Finance Minister Bruno Le Maire has reached a deal with the country’s main supermarket chains to help shoppers cope with food price inflation, he said on Monday. Food retailers have agreed to offer shoppers “the lowest possible prices” for a three-month period on a selection of items left to…
(Reuters) – S&P 500 e-minis futures jumped on Thursday, gaining sharply as data showed slightly better-than-expected U.S. economic growth in the third quarter, with a key inflation metric down from the prior quarter. Gross domestic product increased at a 2.6% annualized rate last quarter, the U.S. Commerce Department said in its advance GDP estimate, ending…
By Julie Zhu, Yingzhi Yang and Yew Lun Tian (Reuters) – Alibaba Group and Tencent Holdings are preparing to cut tens of thousands of jobs combined this year in one of their biggest layoff rounds as the internet firms try to cope with China’s sweeping regulatory crackdown, sources said. While Alibaba is yet to specify…
(Reuters) -Russian President Vladimir Putin declared a unilateral Easter ceasefire in Ukraine, ordering his forces to end hostilities at 6 p.m. Moscow time (1500 GMT) on Saturday until the end of Sunday. President Volodymyr Zelenskiy said Ukrainian air defence units were repelling an attack by Russian drones on Saturday, saying that showed true Moscow’s attitude…
By Laura Sanicola (Reuters) – U.S. refiners and biofuel companies are likely to reach less than half the renewable diesel production projected by the U.S. government for 2025 due to policy and feedstock constraints, according to a study released Tuesday from consultancy Cerulogy. Numerous petroleum refiners across North America are planning to convert facilities to…
By Jonathan Stempel (Reuters) – Berkshire Hathaway Inc said on Saturday that Vice Chairman Greg Abel, who is next in line to succeed billionaire Warren Buffett as chief executive, sold his 1% stake in the company’s Berkshire Hathaway Energy unit for $870 million. In its quarterly report, Berkshire said the energy unit bought out Abel…
By Stephen Nellis, Nivedita Balu and Paresh Dave (Reuters) -Apple Inc on Thursday reported profit and sales that beat Wall Street expectations, navigating parts shortages better than predicted and benefiting from unceasing demand for iPhones even as inflation has consumers tightening other spending. Shares rose 3.2% after hours following the release of the results. Apple…
By David Lawder WASHINGTON (Reuters) – The U.S. Internal Revenue Service has suspended information exchanges with Russia’s tax authorities in a bid to hamper Moscow’s tax collections and reduce funds available for its invasion of Ukraine, the Treasury Department told Reuters on Tuesday. Under a 30-year-old tax treaty, the IRS and Russia’s Federal Tax Service…
By David Shepardson WASHINGTON (Reuters) -The U.S. needs to invest more in aviation safety technology solutions after a series of close-call runway incidents this year, the head of the U.S. National Transportation Safety Board said on Tuesday. The NTSB is investigating six runway incursion events since January including some that could have been catastrophic. Technology…
Twitter wants a Delaware court to order Elon Musk to buy the social media service for $44 billion, as he promised back in April. But what if a judge makes that ruling and Musk balks? The Tesla billionaire’s reputation for dismissing government pronouncements has some worried that he might flout an unfavorable ruling of the…
