‘Too many positives!’: As China rows back ‘zero-COVID’ policy, virus fears spread

‘Too many positives!’: As China rows back ‘zero-COVID’ policy, virus fears spread

Biggest relaxation of curbs since the pandemic began Cities urge citizens to stay vigilant Analysts say China ill-prepared for big spike in cases BEIJING, Dec 8 (Reuters) – As many Chinese embraced new found freedoms on Thursday after the country dropped key parts of its tough zero-COVID regime, some cities warned residents to maintain vigilance … Read more

UK airports face Christmas disruption as border staff to strike

UK airports face Christmas disruption as border staff to strike

LONDON, Dec 7 (Reuters) – Border Force workers at several major British airports including the country’s busiest, Heathrow, will go on strike for eight days this month in a dispute over pay, threatening disruption to Christmas travel. The PCS trade union said staff employed by Britain’s interior ministry in passport booths would take action at … Read more

Supreme Court leans towards limiting judicial scrutiny of US elections

Supreme Court leans towards limiting judicial scrutiny of US elections

Justice debate “independent state legislature” doctrine Liberal justices decry threat to “checks and balances” Conservative-dominated court to rule by end of June WASHINGTON, Dec 7 (Reuters) – The US Supreme Court’s conservative majority on Wednesday appeared to be ready to limit judicial power to overrule voting policies crafted by state politicians but might not go … Read more

Wall St ends lower after choppy trading from rising recession worries

Apple down after Morgan Stanley cuts December shipment target Tesla falls on production loss worries Dec 7 (Reuters) – Wall Street’s main indexes ended broadly lower on Wednesday, after a choppy session where investors struggled to grasp a clear direction as they weighed how the Federal Reserve’s monetary policy tightening might feed through into corporate … Read more

China’s Xi on ‘epoch-making’ visit to Saudi as Riyadh chafes at US censorship

RIYADH, Dec 7 (Reuters) – Chinese President Xi Jinping began a visit to Saudi Arabia on Wednesday that Beijing said marked its biggest diplomatic initiative in the Arab world, as Riyadh expands global alliances beyond a longstanding partnership with the West. The meeting between the global economic powerhouse and Gulf energy giant comes as Saudi … Read more

Amazon shopping site back up after outage

Dec 7 (Reuters) – Amazon.com Inc (AMZN.O) said it has resolved an issue that prevented some users from accessing the shopping site on Wednesday. “We’re sorry that some customers may have temporarily experienced issues while shopping. We have resolved the issue,” a company spokesperson told Reuters, but did not provide any details on what caused … Read more

Putin says Russia may be fighting in Ukraine for a long time

Putin warns of “long process” in Ukraine The risk of nuclear war is growing, he tells the rights council Russia won’t recklessly “brandish” nuclear weapons No need for a new round of mobilization LONDON, Dec 7 (Reuters) – Russian President Vladimir Putin said on Wednesday that his army could be fighting in Ukraine for a … Read more

Oil dips, hits lowest since January as US data fans fuel demand fears

US fuel stocks build more than expected China’s relaxation of COVID curbs to support demand Investors wary over recession warnings, rate hikes outlook HOUSTON, Dec 7 (Reuters) – Oil edged to its lowest since the start of the year in volatile trading, after US government data showed an unexpectedly large build in fuel stocks, feeding … Read more

Sister of Iran’s leader condemns his rule, urges Guards to disarm – letter

DUBAI, Dec 7 (Reuters) – A sister of Iran’s Supreme Leader Ayatollah Ali Khamenei has condemned his crackdown on nationwide protests and called on the widely-feared Revolutionary Guards to lay down their weapons, according to a letter published by her France-based son . Iran has been gripped by unrest since the death of 22-year-old Kurdish … Read more

VIEW Bank of Canada increases rates by 50 bps, says hikes may be over

TORONTO, Dec 7 (Reuters) – The Bank of Canada on Wednesday hiked its benchmark overnight interest rate by 50 basis points to 4.25%, the highest level in almost 15 years, and signaled the tightening campaign was near an end. STORY: read more MARKET REACTION: CAD/ LINK:https://www.bankofcanada.ca/2022/12/fad-press-release-2022-12-07/ COMMENTS ROYCE MENDES, DIRECTOR & HEAD OF MACRO STRATEGY … Read more