Author: Press Room
3/3 © Reuters. FILE PHOTO: Cutouts depicting images of oil operations are seen outside a building of Venezuela’s state oil company PDVSA in Caracas, Venezuela January 28, 2019. REUTERS/Carlos Garcia Rawlins/File Photo 2/3 By Mayela Armas CARACAS (Reuters) – Venezuela’s government foresees a 27% increase in its income from state-run oil company PDVSA next year, according to a document seen by Reuters, after a relaxation in U.S. sanctions and amid planned presidential elections and stagnant production. The administration of President Nicolas Maduro estimates that its total spending next year will be equivalent to $20.5 billion, according to an unpublished 2024…
BioRestorative Therapies receives notice of allowance by US Patent and Trademark Office for patent application related to its obesity program
Missouri Republican Attorney General Andrew Bailey has taken aim at Media Matters for America amid the liberal group’s dispute with Elon Musk, owner of X, formerly Twitter.Bailey on Monday sent a letter to the progressive media watchdog group to alert it to his opening of an investigation into the firm for “potentially unlawful business practices.”Media Matters in November published a report of sorts that said X would place ads next to “pro-Nazi” content. Elon Musk filed a lawsuit against Media Matters, saying the group falsely and deceptively manipulated the algorithm on X “through coordinated, inauthentic behavior” in an attempt to…
The Federal Reserve will make its last interest rate decision of 2023 this week.It’s expected to announce a continued pause on interest rate increases.Some experts predict interest rate cuts will come in the new year. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app The nation’s central bank is about to make its last big decision of 2023. It could signify good things to come for Americans in the new year.On Wednesday, the Federal Reserve will announce whether it will continue its pause on interest…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Yemen’s Houthis have attacked a Norwegian tanker in the strategically important Bab-el-Mandeb strait, in the latest sign that the Iran-backed group is extending its targeting of ships in the critical trade route.The Strinda tanker was hit by an anti-ship cruise missile while passing through the strait, US central command said on Tuesday. The French defence ministry also said a French frigate “intercepted and destroyed” a drone threatening the ship.Houthi military spokesperson Yahya Sare’e claimed responsibility for the attack in a televised statement…
© Reuters. Representation of cryptocurrency is seen in front of a Kucoin logo in this illustration taken on February 9, 2021. REUTERS/Dado Ruvic/Illustration/File Photo By Luc Cohen NEW YORK (Reuters) – KuCoin, one of the world’s largest cryptocurrency exchanges, has agreed to block New York users from its platform and pay $22 million to settle a lawsuit brought by the state as part of its push to rein in digital assets companies. Attorney General Letitia James sued Seychelles-based KuCoin in March, accusing the platform of failing to register with the state before letting investors buy and sell cryptocurrencies on its…
© Reuters. FILE PHOTO: The logo of Amazon is seen at the company’s logistics centre in Boves, France, October 6, 2021 REUTERS/Pascal Rossignol/File Photo By Foo Yun Chee BRUSSELS (Reuters) – Amazon (NASDAQ:) will defend its $1.4 billion purchase of robot vacuum maker iRobot (NASDAQ:) at a closed EU hearing on Dec. 18, a person with direct knowledge of the matter said, three weeks after EU antitrust regulators said the deal may squeeze out rival robot cleaners on its online marketplace. Companies usually take the opportunity to plead their case before senior officials from the European Commission and national regulators…
© Reuters. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 11, 2023. REUTERS/Brendan McDermid A look at the day ahead in U.S. and global markets from Mike Dolan Tuesday’s consumer price inflation update may not have to wow the gallery to keep the U.S. disinflation glow alive and persuade the Federal Reserve that its job is done. With Fed policymakers starting their two-day meeting on Tuesday, the November CPI release drops right on to the table in front of them. On the face of it, there may be no great…
Southern Company says exec chair Fanning to retire
Bipartisan lawmakers on Tuesday called for severing more of America’s economic and financial ties with China, including revoking the low tariff rates that the United States granted Beijing after it joined the World Trade Organization more than two decades ago.The House Select Committee on the Chinese Communist Party released a wide-ranging set of recommendations for resetting America’s economic relationship with China. The report, which was signed by both House Democrats and Republicans, argued that China had carried out a “multidecade campaign of economic aggression” that had undercut American firms, dominated crucial global industries and left the United States highly vulnerable…