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Britain’s energy watchdog proposes power price controls
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Alzheimer’s drug from Eisai and Biogen slows cognitive decline, side-effects in focus
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Bank of England consults on remaining Basel bank capital rules
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Material shortages ease in German industry but carmakers struggling
Sweden, Finland and Turkey have made progress on NATO membership, Sweden says
Date: November 30, 2022
BUCHAREST (Reuters) – Sweden and Finland have made good progress towards an agreement with Turkey on the Nordic countries’ admission to NATO, Swedish Minister for Foreign Affairs Tobias Billstrom said on Wednesday. “We had a very good bilateral yesterday between Sweden, Finland and Turkey and I felt after this meeting that there is progress. We...
Oil up on lower U.S. crude stocks and dollar, OPEC+ and China concerns limit gains
Date: November 30, 2022
By Laila Kearney and Trixie Sher Li Yap (Reuters) – Oil prices posted gains of more than 1% in Asian trade on Wednesday on falling U.S. crude inventories and a lower greenback, but concerns OPEC+ will leave output unchanged at its upcoming meeting and weak China data limited gains. Brent crude futures firmed 95 cents...
Croatia, heading to enter euro zone, adopts first budget in euros
Date: November 30, 2022
SARAJEVO (Reuters) – Croatia, which will enter the euro zone on Jan. 1, passed its first budget in euros on Tuesday, targeting a general deficit of 2.3% of gross domestic product based on the projection of 0.7% economic growth for 2023. The budget was adopted with 77 votes in favour and 50 against in the...
Dollar near one-week high as traders prepare for Powell, payrolls tests
Date: November 30, 2022
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar stuck close to a one-week high on Wednesday, holding on to gains from a three-day rally, as investors braced for comments from Federal Reserve Chair Jerome Powell later and a crucial monthly jobs report at the end of the week. The euro hovered near a one-week...
Exclusive-Kazakh McDonald’s shut outlets temporarily after halting supplies from Russia – sources
Date: November 30, 2022
By Mariya Gordeyeva ALMATY (Reuters) – McDonald’s licensee in Kazakhstan was forced to temporarily close its restaurants this month after cutting ties with Russian companies and running out of supplies, three sources with knowledge of the situation told Reuters. The case highlights supply issues faced by many Kazakh businesses in the wake of Russia’s invasion...
BlockFi tells U.S. bankruptcy court it is ‘the antithesis of FTX’
Date: November 30, 2022
By Dietrich Knauth (Reuters) -BlockFi, the first direct casualty of crypto exchange FTX’s collapse, told a U.S. bankruptcy judge on Tuesday that the U.S. cryptocurrency lender was “the antithesis of FTX” and that it would seek to return customer funds as quickly as possible. BlockFi filed for Chapter 11 protection on Monday, citing FTX’s collapse...