US weekly jobless claims drop to nine-month low; productivity gains speed

Weekly jobless claims drop 3,000 to 183,000 Continuing claims decrease 11,000 to 1,655 million Productivity accelerates at a 3.0% rate in the fourth quarter Unit labor costs grow at 1.1% pace WASHINGTON, Feb 2 (Reuters) – The number of Americans filing new claims for unemployment benefits dropped to a nine-month low last week as the … Read more

US targets global sanctions evasion network supporting Russia

WASHINGTON, Feb 1 (Reuters) – The United States on Wednesday imposed sanctions on 22 individuals and entities in multiple countries that it accused of being tied to a global sanctions evasion network supporting Russia’s military-industrial complex. The sanctions, which come as Washington looks to increase pressure on Moscow over its invasion of Ukraine, are part … Read more

Russia advances in east Ukraine, strike on apartments kills civilians

Russian strike destroys apartment building; 3 dead – officials Zelenskiy gives gloomy assessment on Russian offensive in east Zelenskiy vows more anti-corruption measures New Russian offensive could begin on Feb. 24 – Ukraine minister KYIV, Feb 2 (Reuters) – The battle on the front lines in eastern Ukraine “has become tougher” as Russian forces push … Read more

Philippines grants US greater access to bases amid China concerns

Philippines, US agree to add four locations under EDCA The agreement comes amid tensions in the South China Sea, over Taiwan EDCA allows US access to Philippine military bases MANILA, Feb 2 (Reuters) – The Philippines has granted the United States expanded access to its military bases, the countries said on Thursday, amid mounting concern … Read more

North Korea says US drills have pushed situation to ‘extreme red-line’ – KCNA

SEOUL, Feb 2 (Reuters) – North Korea’s Foreign Ministry said on Thursday that drills by the United States and its allies have pushed the situation to an “extreme red-line” and threaten to turn the peninsula into a “huge war arsenal and a more critical war zone.” The statement, carried by state news agency KCNA, said … Read more

Nikki Haley, once Trump’s UN ambassador, to take him on in 2024

WASHINGTON, Feb 1 (Reuters) – Former South Carolina Governor Nikki Haley will kick off her campaign for the 2024 Republican presidential nomination this month, squaring off against her one-time boss, former President Donald Trump, two sources familiar with her plans said on Wednesday. The move would make her just the second declared Republican candidate and … Read more

Biden moves to slash US credit card fees, app charges

WASHINGTON, Feb 1 (Reuters) – The White House on Wednesday unveiled fresh efforts to slash credit card late fees and drive down the prices that Apple Inc (AAPL.O) and Google parent Alphabet Inc (GOOGL.O) charge on mobile app stores . The move is part of a larger policy drive to promote competition in consumer markets, … Read more

White House blasts Exxon over historic $56 billion annual profit

WASHINGTON, Jan 31 (Reuters) – The White House on Tuesday expressed outrage on Tuesday at Exxon Mobil Corp’s record net profit in 2022 of $56 billion, a historical high not just for the company but for the entire Western oil industry. Oil majors are expected to break their own annual records due to high prices … Read more

Russia presses ahead with Donetsk campaign; Ukraine wants fighter jets

Town of Bakhmut comes under renewed fire -Ukraine military Zelenskiy confers with top defense officials US prepares $2.2 billion weapons package for Ukraine KYIV, Feb 1 (Reuters) – Russian forces are making incremental gains in their push to take territory in Ukraine’s eastern province of Donetsk, focusing on the town of Bakhmut north of the … Read more

US labor cost growth smallest in a year; labor persistently tight

The employment cost index rises 1.0% in the fourth quarter Wages, salaries increase 1.0%; up 5.1% year-on-year Consumer confidence index drops to 107.1 in January House price inflation slows further in November WASHINGTON, Jan 31 (Reuters) – US labor costs increased at their slowest pace in a year in the fourth quarter as wage growth … Read more