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MADRID (Reuters) – Spain’s government expects core inflation to start slowing down in the coming months, Economy Minister Nadia Calviño said on Tuesday. Spain’s 12-month core inflation, excluding volatile food and energy prices, remained at 6.2% in the period through October from the previous month, while overall inflation has fallen to 7.3% from 8.9% in …

Spain’s core inflation expected to slow down in coming months, minister says Read More »

By David Shepardson WASHINGTON (Reuters) – The U.S. operations of Chinese-owned TikTok raise national security concerns, FBI Director Chris Wray said on Tuesday, flagging the risk that the Chinese government could harness the video-sharing app to influence users or control their devices. Risks include “the possibility that the Chinese government could use [TikTok] to control …

U.S. FBI director says TikTok poses national security concerns Read More »

By David Shepardson WASHINGTON (Reuters) -The U.S. Congress should prevent a potential rail strike and extend a Boeing 737 MAX 7 and 10 certification deadline before lawmakers end work for the year, the U.S. Chamber of Commerce urged on Tuesday. The largest U.S. business group noted that three rail unions have rejected a rail contract …

U.S. Chamber urges Congress to avert rail strike, extend Boeing 737 MAX deadline Read More »

By Jeff Mason WASHINGTON (Reuters) -The Biden administration is asking Congress for $9.25 billion to fight COVID-19 and an additional $37.7 billion to support Ukraine in its war with Russia as part of a supplemental funding request, U.S. officials said on Tuesday. The administration is also requesting $750 million to fight other infectious diseases and …

Biden requests $9.25 billion for COVID, $37.7 billion for Ukraine from Congress -officials Read More »

BERLIN (Reuters) -Germany’s wholesale prices grew in October at their slowest rate since the start of the war in Ukraine, rising 17.4% year on year, although the cost of many raw materials and intermediate products remained high, according to data released on Tuesday. Wholesale prices had risen by 19.9% year on year in September. In …

German wholesale price rise slows in October Read More »

DUBAI (Reuters) – Saudi Arabia’s annual inflation rate eased to 3% in October from 3.1% in September, with higher food prices driving the latest price rise, the General Authority for Statistics reported on Tuesday. The consumer price index for October was 0.2% higher than a month before, it added. Food and beverage prices in October …

Saudi inflation eases to 3% in October Read More »

By Liz Hampton KERSEY, Colo. (Reuters) – Northern Colorado’s biggest oil producing region is emerging as a test case for energy companies hoping to tackle the industry’s most pressing regulatory and environmental problems: capping old wells that leak climate-warming methane and other emissions. In this farming community, oil giant Chevron Corp is sending crews as …

In Colorado, oil firms fix leaky wells ahead of new rules Read More »

NEW YORK (Reuters) – Speculators’ net long bets on the U.S. dollar fell in the latest week to the smallest position in more than a year, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Monday. The value of the net long dollar position was $2.36 billion for the week …

Speculators’ net long USD bets fall to a more than 1-year low -CFTC, Reuters Read More »

(Reuters) -FedEx Corp’s freight division is furloughing employees in some U.S. markets as current business conditions are hurting its volumes, the package-delivery company said on Monday. The move comes barely a week after the Memphis, Tennessee-based company warned of lower-than-expected delivery volumes in the United States as the pandemic-driven e-commerce bubble deflates. The company “will …

FedEx’s freight unit to furlough workers Read More »