US heading for shallow recession, no delay in rate hikes yet: Reuters poll

BENGALURU, Dec. 9 (Reuters) – The US economy is heading for a short and shallow recession in the coming year, according to economists polled by Reuters who unanimously expected the US Federal Reserve to go for a smaller rate hike of 50 basis points in December. 14. The Fed has at least half a point … Read more

Twenty oil tankers stopped near Istanbul in an insurance dispute

Backlog of worrying oil and tanker markets Turkey says it will take no more insurance risk Yellen says oil from Kazakhstan should not be targeted Ankara says most ships waiting are EU ships ISTANBUL, Dec. 9 (Reuters) – The number of oil tankers waiting in the Black Sea to pass through Istanbul’s Bosphorus on their … Read more

Japanese billionaire Maezawa chooses K-pop star TOP, DJ Steve Aoki for SpaceX moon trip

TOKYO, Dec. 9 (Reuters) – Japanese billionaire Yusaku Maezawa revealed on Friday that K-pop star TOP and DJ Steve Aoki are among eight crew members he plans to take on a trip around the moon next year. ride on one of Elon Musk’s SpaceX rockets. Maezawa bought every seat on the first lunar voyage, which … Read more

Japan, Britain and Italy are jointly building fighter jets

TOKYO/LONDON, Dec. 9 (Reuters) – Japan, Britain and Italy are merging their next-generation fighter jet projects in a groundbreaking partnership spanning Europe and Asia. This is Japan’s first major industrial defense cooperation outside the United States since World War II. . The deal, reported by Reuters in July, aims to deploy an advanced front-line fighter … Read more

Microsoft’s gaming ambitions faltered when the US tried to block the Activision deal

WASHINGTON, Dec. 8 (Reuters) – The Biden administration on Thursday decided to block Microsoft’s (MSFT.O) $69 billion bid to buy “Call of Duty” maker Activision Blizzard, posing a stumbling block for the tech giant’s plans to quickly expand its portfolio of popular games and catch up with bigger rivals. Microsoft, which owns the Xbox console … Read more

Exclusive: US imposes sanctions on Turkish businessman, citing ties to Iran’s Quds Force

WASHINGTON, Dec. 8 (Reuters) – The Biden administration on Thursday imposed sanctions on prominent Turkish businessman Sitki Ayan and his network of companies, accusing him of acting as a facilitator of oil sales and money laundering on behalf of the Revolutionary Guards of Iran. Ayan’s companies have negotiated international sales contracts for Iranian oil, arranged … Read more

S&P 500 is recovering as investors notice rate hikes on the back of rising jobless claims

Weekly jobless claims are rising in line with estimates Moderna, Pfizer Up as FDA Approves Updated COVID Boosters Exxon climbs after stimulating buyback program Indexes up: Dow 0.76%, S&P 0.98%, Nasdaq 1.45% Dec 8 (Reuters) – The S&P 500 index (.SPX) rose on Thursday and appeared on track to break a five-session losing streak as … Read more

US weekly jobless claims rise; continued claims at 10-month high

Weekly jobless claims increase by 4,000 to 230,000 Continuing claims increase by 62,000 to 1.671 million WASHINGTON, Dec. 8 (Reuters) – The number of Americans filing new claims for unemployment benefits rose slightly last week, while the unemployment rate hit a 10-month high in late November, suggesting the job market was gradually slowing. Still, labor … Read more

Putin acknowledges that Russia’s war in Ukraine could be long

The threat of nuclear weapons has increased, but “we have not gone crazy” – Putin Russia fired more than 1,000 times at power grid in Ukraine – report LONDON/KIEV, Dec. 8 (Reuters) – Russian President Vladimir Putin has acknowledged that his army could fight in Ukraine for a long time, but there will be no … Read more

China’s Xi pays ‘groundbreaking’ visit to Saudi Arabia as Riyadh annoyed by US disapproval

RIYADH, Dec 7 (Reuters) – Chinese President Xi Jinping on Wednesday began a visit to Saudi Arabia in what Beijing said was its biggest diplomatic initiative in the Arab world as Riyadh expands global alliances beyond an already longstanding partnership with the West. The meeting between the global economic powerhouse and the Gulf energy giant … Read more