US weekly jobless claims fall to nine-month low; productivity speeds up

Weekly jobless claims fall by 3,000 to 183,000 Continuing claims decrease by 11,000 to 1.655 million Productivity accelerates at a rate of 3.0% in the fourth quarter Unit labor costs increase at a rate of 1.1% WASHINGTON, Feb 2 (Reuters) – The number of Americans filing new claims for unemployment benefits fell to a nine-month … Read more

Adani market losses snowball to $100 billion on discontinued stock sale

NEW DELHI, Feb 2 (Reuters) – Shares of Indian group Adani fell on Thursday after market turmoil forced the conglomerate to scrap a crucial $2.5 billion share offering, deepening its market losses to over $100 billion and raising concerns about the potential systemic impact. The withdrawal of Adani Enterprises (ADEL.NS) The stock sale marked a … Read more

Airbus and Qatar Airways settle bitter dispute over A350s

PARIS, February 1 (Reuters) – Airbus (AIR.PA) and Qatar Airways have settled a dispute over grounded A350 planes, the companies announced on Wednesday, avoiding a potentially damaging lawsuit in the UK after a blistering 18-month dispute that tore the global jet market apart. The “amicable and mutually acceptable settlement” ends a $2 billion dispute over … Read more

Growth in labor costs in the United States is the weakest in a year; constantly tight work

The employment cost index increases by 1.0% in the fourth quarter Wages and salaries increase by 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) – U.S. labor costs rose at their slowest pace in a year in the fourth quarter … Read more

Exxon smashes the profits of Western oil majors with $56 billion in 2022

HOUSTON, Jan 31 (Reuters) – Exxon Mobil Corp (XOM.N) posted net income of $56 billion for 2022, the company announced Tuesday, bringing in about $6.3 million per hour last year and setting not only a record for the company, but also an all-time high for the western oil industry. The oil majors are expected to … Read more

Goldilocks is back! Markets start 2023 in hot form

LONDON, Jan 31 (Reuters) – From equities to government bonds, markets had one of their best starts to the year in decades, but how long the run hinges on a Goldilocks scenario of a slowing economy inflation, maintaining economic growth and lower borrowing costs. After $14 trillion was wiped from global shares in 2022, $4 … Read more

US court rejects J&J’s bankruptcy strategy for tens of thousands of talc lawsuits

Jan 30 (Reuters) – A U.S. appeals court overturned Johnson & Johnson’s (JNJ.N) attempt to bankrupt tens of thousands of lawsuits over its talc products, ruling that the health care conglomerate wrongfully placed a subsidiary in Chapter 11 proceedings, even though it did not face charges financial difficulties. The decision of the United States Court … Read more

Unilever appoints former Heinz Schumacher manager as CEO

Become CEO on July 1 Activist shareholder says he met Schumacher at Heinz First foreign CEO since the appointment of Paul Polman in 2008 Unilever shares top the FTSE 100 LONDON, Jan 30 (Reuters) – Unilever on Monday appointed Hein Schumacher to replace Alan Jope as chief executive from July, a move hailed by investors … Read more

Boeing’s 747, the original jumbo jet, prepares for final dispatch

The last 747 freighter will be delivered to Atlas Air Ends over five decades of commercial production Boeing on the verge of bankruptcy, before becoming a cash cow Easy to fly, says rock star pilot Bruce Dickinson SEATTLE/PARIS, January 29 (Reuters) – Boeing’s (TO PROHIBIT) 747, the original and arguably best-looking “Jumbo Jet”, revolutionized air … Read more

Sudden asteroid flyby shows blind spot in detecting planetary threats

WASHINGTON, Jan 29 (Reuters) – The discovery of an asteroid the size of a small transport truck just days before its passage to Earth on Thursday, although it poses no threat to humans, highlights a blind spot in our ability to predict which ones might actually cause damage, astronomers say. For years, NASA prioritized detecting … Read more