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Oil drops for fourth day on China demand concerns
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China COVID cases rise, with city of Guangzhou on edge
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Asian shares fall ahead of U.S. CPI, crypto worries mount
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Paris commuters face travel chaos Thursday as metro workers strike
UK asset managers urge company bosses to show restraint on pay hikes
Date: November 10, 2022
By Huw Jones LONDON (Reuters) – Britain’s asset managers have called on company bosses to steer clear of inflation-busting pay rises as the country grapples with a cost-of-living crisis. The Investment Association, whose 250 members manage assets worth 10 trillion pounds ($11.44 trillion), has written to remuneration committee chairs of FTSE 350 companies, calling for...
Germany blocks Chinese stake in two chipmakers over security concerns
Date: November 10, 2022
By Andreas Rinke and Miranda Murray BERLIN (Reuters) -The German government on Wednesday blocked prospective Chinese investment in two domestic semiconductor producers after the moves raised concerns over national security and the flow of sensitive technological know-how to Beijing. The government said it had vetoed the takeover of the chip factory of the Dortmund-based company...
U.S.-sanctioned oil tanker stuck in Indonesia carries Venezuelan fuel
Date: November 10, 2022
By Marianna Parraga HOUSTON (Reuters) -A grounded oil supertanker under U.S. Treasury Department sanctions being refloated in Indonesia is filled with Venezuelan fuel, according to vessel monitoring services. Treasury’s Office of Foreign Assets Control last week imposed sanctions on the stranded tanker, Young Yong, for its part in an international oil smuggling network that Washington...
U.S., Ukraine agree to launch talks to upgrade 2008 trade accord
Date: November 10, 2022
WASHINGTON (Reuters) – The United States and Ukraine announced on Wednesday that they will launch negotiations to upgrade a bilateral 2008 trade and investment accord to support Ukraine’s efforts to establish a more transparent and predictable business environment. In a joint statement issued after the 11th meeting of the U.S.-Ukraine Trade and Investment Council, the...
Twitter, social platforms could see spike in election misinformation
Date: November 9, 2022
By Sheila Dang (Reuters) – Election misinformation is spreading across social media platforms like Twitter and Meta Platform’s Facebook, as the vote count for the U.S. midterm elections continued on Wednesday in key battleground states, experts said. Online misinformation experts have worked to push back on misleading narratives that spread in the run-up to the...
Republican ‘red wave’ fizzles, but midterm race for U.S. Congress tight
Date: November 9, 2022
By Gabriella Borter and Tim Reid BIRMINGHAM, Mich./PHOENIX, Ariz. (Reuters) – Republicans made modest gains in U.S. midterm elections but Democrats performed better than expected, as control of the Senate hinged on three races that remained too close to call on Wednesday morning. Even a slim majority in the House of Representatives would let Republicans...