covid

Central banks raise rates again as Fed drives global inflation fight

Rates raised from Britain to Indonesia after Fed moved Investors price in bigger hikes from ECB Japan steps in as yen plummets Emerging market currencies under pressure FRANKFURT/WASHINGTON, Sept 22 (Reuters) – Global central banks continued raising interest rates on Thursday, following the US Federal Reserve in a fight against inflation that is sending shockwaves …

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US labor market resilient as recession signals grow stronger

Weekly jobless claims increase 5,000 to 213,000 Continuing claims drop 22,000 to 1.379 million WASHINGTON, Sept 22 (Reuters) – The number of Americans filing new claims for unemployment benefits increased moderately last week, indicating the labor market remains tight despite the Federal Reserve’s attempt to cool demand with aggressive interest rate increases. The weekly unemployment …

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Oil rises 4% on supply threats, still set for weekly drop

The chimneys of the Total Grandpuits oil refinery are seen just after sunset, southeast of Paris, France, March 1, 2021. REUTERS/Christian Hartmann Register now for FREE unlimited access to Reuters.com register Oil benchmarks heading for second weekly decline Putin threatens to cut off all energy supplies Fed’s Waller: need aggressive rate hikes now while economy …

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EU divided over capping Russian gas price amid ‘energy war’

Register now for FREE unlimited access to Reuters.com register Countries resist EU proposal to cap Russian gas price Broader support seen for cash aid to energy firms Ministers to discuss windfall levy, electricity use cut BRUSSELS, Sept 9 (Reuters) – European Union energy ministers were split on Friday over whether to cap Russian gas prices, …

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Oil edges up from seven-month low as Russia threatens export halt

A view shows the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel Register now for FREE unlimited access to Reuters.com register US crude stocks jump by nearly 9 million barrels -EIA US weighing need for more oil releases from strategic reserves …

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Fed’s Powell: Inflation can be tamed without “very high social costs”

Federal Reserve Board Chairman Jerome Powell attends a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, US, July 27, 2022. REUTERS/Elizabeth Frantz Register now for FREE unlimited access to Reuters.com register WASHINGTON, Sept 8 (Reuters) – The Federal Reserve is “strongly committed” to controlling inflation but there remains …

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Oil slides to seven-month lows on economic woes

An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol/File Photo Register now for FREE unlimited access to Reuters.com register LONDON, Sept 7 (Reuters) – Oil prices fell by more than $3 on Wednesday to their lowest since Russia invaded Ukraine on demand fears stoked by …

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Lufthansa, pilots reach wage deal, strike called off

Register now for FREE unlimited access to Reuters.com register FRANKFURT, Sept 6 (Reuters) – German airline Lufthansa (LHAG.DE) and pilots’ union VC said on Tuesday they had reached a deal in a wage dispute, averting a second strike that had been planned for later this week. The agreement comes after a strike at Lufthansa last …

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Euro plunges to new 20-year low after Russian gas halt

US Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com register Euro hits as low as $0.9876 as energy prices soar Other European currencies drop: sterling at 2-1/2 year low Traders stick with rate hike bets for Thursday ECB meeting Offshore …

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CanSino’s inhaled COVID-19 vaccine gets emergency use approval in China

A logo of China’s vaccine specialist CanSino Biologics Inc is pictured on the company’s headquarters in Tianjin, following an outbreak of the coronavirus disease (COVID-19), China August 17, 2020. REUTERS/Thomas Peter//File Photo Register now for FREE unlimited access to Reuters.com register HONG KONG, Sept 4 (Reuters) – China’s CanSino Biologics Inc (6185.HK) said on Sunday …

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