An Iranian military factory was hit by a drone attack

Drones target a factory near Isfahan, and there were no casualties Iran: “cowardly” attack will not slow down nuclear activity He says two drones fell into defensive traps and exploded A major fire hits a motor oil factory in northwestern Iran DUBAI (Reuters) – A powerful explosion ripped through a military factory near the central … Read more

Exclusive: A senior US Treasury official warns the UAE and Turkey against evading sanctions

WASHINGTON (Reuters) – The U.S. Treasury Department’s top sanctions official on a trip to Turkey and the Middle East next week will warn countries and companies that they could lose access to G7 markets if they do business with entities subject to U.S. restrictions. Washington is cracking down on Russian attempts to evade sanctions imposed … Read more

US consumer spending ends 2022 on weaker grounds; slowing inflation

Consumer spending fell 0.2% in December personal income increases by 0.2%; The savings rate rose to 3.4%. Core PCE price index rose 0.3%; 4.4% increase year on year WASHINGTON (Reuters) – U.S. consumer spending fell for the second straight month in December, putting the economy on a lower growth path heading into 2023, while inflation … Read more

Davos 2023: Greta Thunberg accuses energy companies of throwing people ‘under the bus’

DAVOS, Switzerland (Reuters) – Greta Thunberg called on the global energy industry and its financiers to end all fossil fuel investments on Thursday at a high-level meeting in Davos with the head of the International Energy Agency. During a roundtable discussion with Fatih Birol on the sidelines of the World Economic Forum’s annual meeting, activists … Read more

Microsoft will cut 10,000 jobs with concern about a recession in the cloud technology sector

DAVOS, Switzerland, Jan. 18 (Reuters) – Microsoft Corporation (MSFT.O) On Wednesday, it said it would cut 10,000 jobs and charge $1.2 billion in fees, as cloud computing customers reassess their spending and the company prepares for a potential recession. The layoffs, much larger than the cuts Microsoft made last year, are piling up to tens … Read more

China’s population is declining for the first time since 1961, highlighting the demographic crisis

BEIJING/HONG KONG (Reuters) – China’s population declined last year for the first time in six decades, a historic shift that is expected to mark the start of a long period of declining population numbers with profound repercussions for its economy. and the world. The decline, the worst since 1961, the last year of the great … Read more

Move over Ben Franklin: laser detonators electrify scientists

WASHINGTON (Reuters) – When Benjamin Franklin made his first lightning rod in the 1750s after famously experimenting with flying a kite with a switch attached during a thunderstorm, the American inventor had no way of knowing that it would remain state of the art. for centuries. Scientists are now moving to improve an 18th-century innovation … Read more

US banks are preparing to cut profits and recession

NEW YORK (Reuters) – U.S. banking giants are expected to report lower fourth-quarter profits this week as lenders hoard money for rainy days in preparation for an economic slowdown that will hurt investment banking. Four US banking giants – JPMorgan Chase & Co (JPM.N)Bank of America Corp (BAC.N)Citigroup Inc (CN) and Wells Fargo & Company … Read more

Pfizer CEO rules out generic COVID drug Paxlovid for China

Jan. 9 (Reuters) – Pfizer Inc (PFE.N) It’s not in talks with Chinese authorities to license a generic version of its COVID-19 treatment Paxlovid for use there, CEO Albert Bourla said Monday, but it is in discussions about the price of the branded product. Reuters reported on Friday that China is in talks with Pfizer … Read more

US job growth strong in December; Wage growth is slowing

Nonfarm payrolls elevated 223,000 in December Unemployment fee down to three.5% from 3.6% excessive charges of home staff; Excessive participation fee incomes common hourly earnings of 0.3%; A rise of 4.6% year-on-year WASHINGTON, Jan. 6 (Reuters) – The U.S. financial system added jobs by a robust measure in December, pushing the unemployment fee again to … Read more