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Wall Street extends losses as recession worries mount Crude oil falls to lowest since January Bank of Canada signals slower pace of rate hikes China relaxes COVID rules but imports, exports slump http://tmsnrt.rs/2yaDPgn NEW YORK/MILAN, Dec 7 (Reuters) – World stocks slipped further and Treasury yields dipped on Wednesday as US worker productivity data beat … Read more
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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
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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
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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
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Nuclear weapons threat risen but ‘we haven’t gone mad’ – Putin Russia fired over 1,000 times at Ukraine power grid – report LONDON/KYIV, Dec 8 (Reuters) – Russian President Vladimir Putin has acknowledged that his army could be fighting in Ukraine for a long time, but for now there will be no second call-up of … Read more
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
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
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
Dec 7 (Reuters) – Twitter owner and Tesla ( TSLA.O ) boss Elon Musk briefly lost his title as the world’s richest person on Wednesday, according to Forbes, following a steep drop in the value of his stake in the electric-car maker and a $44 billion bet on the social media firm. Bernard Arnault, the … Read more
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