By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar index edged down on Friday, hitting a near five-month low as data showed annual U.S. inflation slowed further below 3% in November, cementing market expectations for a U.S. interest rate cut next March. In the 12 months through November, inflation, as measured by the personal consumption …
Dollar slips to 5-month low as US inflation cools Read More »
By Scott DiSavino NEW YORK (Reuters) – Oil prices eased on Friday ahead of the long Christmas holiday weekend on expectations Angola could increase output after leaving OPEC, but rose for the week on positive U.S. economic news and worries Houthi ship attacks would boost supply costs. Brent futures fell 32 cents, or 0.4%, to …
Oil eases ahead of Christmas break on possible future Angola output increase Read More »
By Kanjyik Ghosh MUMBAI (Reuters) – India is testing artificial intelligence (AI) to build climate models to improve weather forecasting as torrential rains, floods and droughts proliferate across the vast country, a top weather official said. Global warming has triggered more intense clashes of weather systems in India in recent years, increasing extreme weather events, …
India boosts AI in weather forecasts as floods, droughts increase Read More »
By Mubasher Bukhari LAHORE, Pakistan (Reuters) -Pakistan pushed back by two days a Friday deadline for candidates to file nomination papers for a national election, the election commission said, allowing extra time for former prime ministers Imran Khan and Nawaz Sharif to enter the race. “The deadline for submission of nomination papers has been extended …
Pakistan extends deadline for election nominations to Sunday Read More »
By Ann Saphir (Reuters) -Federal Reserve policymakers are set to start the new year with fresh evidence that their 2022-2023 interest-rate hike campaign put U.S. price pressures firmly in retreat, with data on Friday showing that by some key measures inflation is now at or below their 2% goal. Traders broke out the champagne after …
Fed rate cut euphoria rides wave of retreating inflation Read More »
By VarunVyas Hebbalalu and Rama Venkat BENGALURU (Reuters) -SoftBank-backed Indian e-scooter maker Ola Electric said on Friday it will raise 55 billion rupees ($662 million) in an initial public offering (IPO) that is tipped to be one of the country’s biggest share sales next year. The offering, which is the first by an EV-maker in the country, …
Ola Electric to raise $662 million in India’s first EV maker IPO Read More »
By Tim Reid and Nathan Layne (Reuters) -Donald Trump’s vow to give himself the power to gut the federal workforce if he is elected to the White House again has unions, Democrats and watchdog groups preparing for legal action and seeking to tighten protections to prevent the former president from bending the bureaucracy to his …
Trump plan to gut civil service triggers pushback by unions, Democrats Read More »
TAIPEI (Reuters) – Taiwan’s ruling party will not let war break out with China, but it is China that is to blame for stirring up tensions, Taipei’s former top diplomat in the United States and now frontrunner to become its next vice president, said on Friday. The Jan. 13 presidential and parliamentary elections will define …
We won’t let there be war with China, Taiwan VP frontrunner says Read More »
By Sakura Murakami (Reuters) -Japan said on Friday it would prepare to ship Patriot air defence missiles to the United States after revising its arms export guidelines earlier that day, in the pacifist nation’s first major overhaul of such export curbs in nine years. The announcement comes as Japan, which had long adopted a stance …
Japan prepares for missile shipments after easing arms export restrictions Read More »
By Sam Tobin LONDON (Reuters) – A teenage member of the Lapsus$ hacking group was on Thursday sentenced to indefinite detention in hospital for hacking Uber and fintech firm Revolut, and for blackmailing the developers of best-selling video game “Grand Theft Auto”. Arion Kurtaj, 18, embarked on a solo cybercrime spree in September 2022 while …
Lapsus$ hacker who targeted Uber and Grand Theft Auto maker indefinitely detained Read More »
