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UK needs German lesson in equality, northern English leaders say

By Andy Bruce MANCHESTER, England (Reuters) – Britain should take a lesson from Germany to address huge disparities between the wealthy southeast of England and elsewhere, leaders of northern English cities and regions said ahead of a regional conference on Wednesday. Academics have long singled out Britain for high levels of regional inequality compared to …

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Microsoft’s cloud business keeps profits flowing in tougher times

By Yuvraj Malik, Jane Lanhee Lee and Jeffrey Dastin (Reuters) -Microsoft Corp posted results on Tuesday that showed some strength in the face of a weak economy, buttressed by a cloud business that hit Wall Street targets for the end of 2022, but it may miss expectations in the current quarter. The relatively stable outlook …

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Indonesia’s Pertamina to adjust refinery investment plans amid energy shift

By Fransiska Nangoy and Bernadette Christina JAKARTA (Reuters) -The refinery arm of Indonesian state energy firm Pertamina is redesigning its refinery expansion plans to meet shifting demands from a transition towards renewable energy, its chief executive said on Tuesday. Under Pertamina’s 2015 refinery development plan, the company aims to upgrade four of its biggest refineries …

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California reels from back-to-back shootings that killed 18

By Alexandra Ulmer and Tim Reid HALF MOON BAY, California (Reuters) – A deadly gun rampage at northern California mushroom farms likely stemmed from a workplace grievance, authorities said on Tuesday, as new details emerged about the latest of two back-to-back mass shootings that claimed 18 lives in total. In apparently unrelated acts of mass …

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Germany to approve sending heavy battle tanks to Ukraine -two sources

By Andreas Rinke and Tom Balmforth BERLIN/KYIV (Reuters) – Germany will send Leopard 2 tanks to Ukraine and allow other countries such as Poland to do the same to help Kyiv fight off Russia’s invasion, while the United States may supply Abrams tanks, two sources familiar with the matter told Reuters. While there was no …

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Taylor Swift concert fiasco leads to U.S. Senate grilling for Ticketmaster

By Diane Bartz and Moira Warburton WASHINGTON (Reuters) – U.S. senators slammed Live Nation Entertainment’s lack of transparency and inability to block bot purchases of tickets on Tuesday, in a hearing called after a major fiasco involving ticket sales for Taylor Swift’s upcoming concert tour. Live Nation Entertainment Inc subsidiary Ticketmaster, which has been unpopular …

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FBI says N. Korea-related hacker group behind U.S. crypto firm heist

(This Jan. 23 story has been officially corrected to say one hacker group, not two, in the headline and paragraph 1) (Reuters) – A hacker group associated with North Korea, the Lazarus Group, also known as APT38, was responsible for the theft last June of $100 million from U.S. crypto firm Harmony’s Horizon bridge, the …

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S&P 500 ends slightly down after mixed earnings, opening glitch

By Stephen Culp NEW YORK (Reuters) – The S&P 500 ended nominally lower on Tuesday at the close of a rocky session marked by a raft of mixed earnings and a technical malfunction at the opening bell. A spate of NYSE-listed stocks were halted at the top of the session due to an apparent technical …

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Oil falls $2/barrel on economic jitters, U.S. crude stock build

By Arathy Somasekhar HOUSTON (Reuters) – Crude oil prices slipped on Tuesday on concerns about a global economic slowdown and as preliminary data indicated a bigger than expected build in U.S. oil inventories. Brent futures for March delivery fell $2.06, or 2.3%, to $86.13 a barrel. U.S. crude fell $1.49, or 1.8%, to $80.13 per …

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Stocks, dollar mostly flat on soft data, corporate outlooks

By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -U.S. stock indexes closed mixed and the dollar slid a bit on Tuesday after companies warned of a tough year ahead along with some profit beats, while data showed U.S. business activity contracted for a troubling seventh straight month in January. S&P Global’s Flash U.S. Composite …

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