China COVID cases weigh on Wall St; disney jumpers

China COVID cases weigh on Wall St;  disney jumpers

Disney up on Iger’s return as CEO S&P 500 energy index leads sectoral falls Grindr slips after rocketing in debut Tesla down on vehicle recall, China COVID concerns Dow up 0.01%, S&P 500 down 0.34%, Nasdaq down 1.05% Nov 21 (Reuters) – Wall Street’s main indexes started the week roughly lower on China saying it … Read more

LATAM Airlines plane crashes on Peruvian runway, two firefighters dead

LATAM Airlines plane crashes on Peruvian runway, two firefighters dead

LIMA, Nov 18 (Reuters) – A LATAM Airlines (LTM.SN) jet collided with a firetruck on the runway as it was taking off from the airport in Peru’s capital Lima on Friday, resulting in the death of two firefighters, the carrier said. Peru’s health ministry said at 7 pm (0000 GMT) that 20 passengers were being … Read more

Dutch court sentences three to life in prison for 2014 downing of MH17 over Ukraine

Dutch court sentences three to life in prison for 2014 downing of MH17 over Ukraine

Crash killed 298 passengers and crew Court finds Russian missile downed the plane Convicted men are fugitives, believed in Russia AMSTERDAM, Nov 17 (Reuters) – Dutch judges convicted two Russian men and a Ukrainian man in absentia of murder for their role in the shooting down of Flight MH17 over Ukraine in 2014 with the … Read more

Donetsk battles are ‘hell’, Ukraine’s Zelenskiy says as Kherson mops up

Donetsk battles are 'hell', Ukraine's Zelenskiy says as Kherson mops up

Key infrastructure in Kherson destroyed, Zelenskiy says Russia, Iran vow to deepen ties on economics, politics and trade Kherson faces severe humanitarian situation, city’s mayor says Nov 13 (Reuters) – Russian forces destroyed key infrastructure in Ukraine’s southern city of Kherson before fleeing, President Volodymyr Zelenskiy said, as his counterparts in Russia and Iran vowed … Read more

Biden to warn Xi North Korea’s path could prompt bigger US military presence

Biden to warn Xi North Korea's path could prompt bigger US military presence

ABOARD AIR FORCE ONE, Nov 12 (Reuters) – US President Joe Biden will warn Chinese President Xi Jinping at a meeting on Monday that North Korea’s continued pursuit of weapons development will lead to an enhanced US military presence in the region, the White House said . The United States is concerned that North Korea … Read more

Nearly half of Meta job cuts were in tech, reorg underway – execs say

Nearly half of Meta job cuts were in tech, reorg underway - execs say

OAKLAND, Calif., Nov 11 (Reuters) – Facebook owner Meta Platforms (META.O) employees told on Friday that it would stop developing smart displays and smartwatches and that nearly half of the 11,000 jobs it eliminated this week in an unprecedented cost-cutting move were technology roles. Speaking during an employee townhall meeting heard by Reuters, Meta executives … Read more

Passenger plane crashes into Lake Victoria in Tanzania, 19 dead, prime minister says

Passenger plane crashes into Lake Victoria in Tanzania, 19 dead, prime minister says

Plane was trying to land at nearby airport – airline Rescuers in boats rush out to save trapped passengers Crash happened amid storms, heavy rain – broadcaster DAR ES SALAAM, Nov 6 (Reuters) – At least 19 people died when a passenger plane crashed into Lake Victoria in Tanzania on Sunday morning while trying to … Read more

Buffett’s Berkshire loses money as stocks, Hurricane Ian offset rising demand

Buffett's Berkshire loses money as stocks, Hurricane Ian offset rising demand

Nov 5 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Saturday posted a $2.69 billion third-quarter loss as rising inflation, falling stock investments and a big loss from Hurricane Ian offset improvement in many of the conglomerate’s businesses. Operating profit nevertheless rose by 20%, topping analyst forecasts. Berkshire benefited from increased demand and prices … Read more

China vows to continue with ‘dynamic-clearing’ COVID strategy

China vows to continue with 'dynamic-clearing' COVID strategy

BEIJING, Nov 5 (Reuters) – China will persevere with its “dynamic-clearing” approach to COVID-19 cases as soon as they emerge, health officials said on Saturday, adding that measures must be implemented more precisely and meet the needs of vulnerable people. The country’s strict COVID containment approach is still able to control the virus, despite the … Read more

Sterling falls as BoE expects recession, US futures up

Sterling falls as BoE expects recession, US futures up

Bank of England hikes rates by 50 basis points BoE expects recession throughout 2023 Fed official: 50bp hike in Sept “reasonable” Oil stabilized after hitting six-month low Lufthansa returns to operating profit LONDON, Aug 4 (Reuters) – Sterling fell on Thursday after the Bank of England followed its counterparts in the United States and euro … Read more