U.S. Democrats warn Biden against toughening aid for the poor

Reuters | May 19, 2023

By Richard Cowan, Leah Douglas WASHINGTON (Reuters) -Democrats in the U.S. Congress expressed frustration with President Joe Biden’s willingness to engage with Republicans demanding tougher work requirements for food aid recipients as part of any deal to raise the nation’s debt ceiling. They have stopped short of threatening to block such moves, as talks on […]

G7 finance chiefs debate reducing supply chain reliance on China

Reuters | May 12, 2023

By Christian Kraemer and Tetsushi Kajimoto NIIGATA, Japan (Reuters) -Finance leaders of the Group of Seven (G7) advanced economies discussed the need to make global supply chains more resilient by reducing over-reliance on China, German Finance Minister Christian Lindner said on Friday. Japan, which is hosting a three-day G7 meeting to debate key global themes […]

Microsoft hits back at UK after Activision acquisition blocked

Reuters | April 27, 2023

By Paul Sandle LONDON (Reuters) – Microsoft’s president Brad Smith said the UK regulator’s decision to prevent its acquisition of ‘Call of Duty’ maker Activision Blizzard “had shaken confidence” in Britain as a destination for tech businesses. The Competition and Markets Authority (CMA), which operates independently from government, blocked the deal on Wednesday, saying it […]

Fox News says Carlson, Hannity, Bartiromo set to testify at defamation trial

Reuters | April 5, 2023

By Jonathan Stempel (Reuters) – Fox News said Tucker Carlson, Sean Hannity and Maria Bartiromo and other top on-air personalities will be available to testify as it defends itself against a $1.6 billion defamation lawsuit claiming it lied about voter fraud in the 2020 U.S. presidential election. In a letter filed on Tuesday in Delaware […]

Huge Phillips 66 biofuels project will test the industry’s green promises

Reuters | March 21, 2023

By Laila Kearney RODEO, California (Reuters) – In the oldest refining town in the American West, Phillips 66 is promising a greener future as it moves to halt crude-oil processing and build a massive renewable diesel plant, leading a global trend. That plan, announced in 2020, was initially welcomed by residents weary from a history […]

Exclusive-Russians flood Kazakhstan with sanction-busting requests – sources

Reuters | March 17, 2023

By Olzhas Auyezov and Mariya Gordeyeva ALMATY (Reuters) – Russian companies have flooded their Kazakh partners in recent weeks with new requests to help them circumvent Western sanctions and import badly needed goods, seven sources with direct knowledge of the matter told Reuters. After Russian forces invaded Ukraine on Feb. 24 last year, the West […]

DeSantis’ hand-picked Walt Disney World oversight board meets for the first time

Reuters | March 8, 2023

By Dawn Chmielewski (Reuters) – A new board controlling Walt Disney World’s special taxing district in Florida will meet for the first time on Wednesday, as Governor Ron DeSantis’ hand-picked group gets ready to end the entertainment giant’s “corporate kingdom.” What that entails is not clear. Nothing in the language of the legislation creating the […]

TikTok accuses EU of keeping it in the dark over staff phone ban

Reuters | February 24, 2023

By Foo Yun Chee BRUSSELS (Reuters) -TikTok accused the European Commission on Friday of failing to consult it over a decision to ban the Chinese short video sharing app from staff phones on cybersecurity grounds, a move subsequently followed by another top EU body. The app, which is owned by Chinese firm ByteDance, is facing […]

China sanctions Lockheed Martin, Raytheon over Taiwan arms sales

Reuters | February 16, 2023

BEIJING (Reuters) -China on Thursday put Lockheed Martin and a unit of Raytheon Technologies on an “unreliable entities list” over arms sales to Taiwan, banning them from imports and exports related to China in its latest sanctions against the U.S. companies. The measures come amid heightened tensions after the U.S. military shot down what it […]

With a sale of Chinese yuan, Russia kicks off 2023 forex intervention

Reuters | January 11, 2023

By Guy Faulconbridge and Darya Korsunskaya MOSCOW (Reuters) -Russia said it would resume foreign currency interventions with the sale of yuan from Friday, underscoring the growing importance of China’s currency in Moscow’s efforts to ensure economic stability amid Western sanctions. After the West imposed the most severe sanctions in modern history over the war in […]

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