China's June factory, services activity expands for first time in four months

BEIJING (Reuters) – China’s factory activity snapped three months of decline in June, as authorities lifted a strict lockdown in Shanghai, buoying growth in production and new orders, while the rebound in services sector pressed on.FILE PHOTO: A worker polishes a bicycle steel rim at a factory manufacturing sports equipment in Hangzhou, Zhejiang province, China September 2, 2019. China Daily […]

Read more

Analysis-Are high prices unpatriotic or as American as you can get?

WASHINGTON (Reuters) – President Joe Biden’s pointed criticism of oil and gas companies for earning massive profits as families suffer from high gasoline prices challenges a pillar of American capitalism: that U.S. companies should make as much profit as they legally can, and direct that windfall back to investors.FILE PHOTO: U.S. President Joe Biden leaves St. Edmond Roman Catholic Church […]

Read more

Nigeria blocking repatriation of $450 million foreign airline revenue, IATA says

DOHA (Reuters) – Nigeria is withholding $450 million in revenue international carriers operating in the country have earned, an executive at the world’s largest airlines association said on Sunday.FILE PHOTO: A logo of the International Air Transport Association (IATA) is pictured in Geneva, Switzerland, March 13, 2020. REUTERS/Denis Balibouse/File PhotoAfrica’s largest economy has restricted access to foreign currency for imports […]

Read more

BOJ maintains ultra-low rates, warns it is closely watching yen moves

TOKYO (Reuters) -The Bank of Japan maintained ultra-low interest rates on Friday and its guidance to keep borrowing costs at “present or lower” levels, signaling its resolve to focus on supporting the economy’s tepid recovery from the COVID-19 pandemic.Banknotes of Japanese yen are seen in this illustration picture taken June 15, 2022. REUTERS/Florence Lo/IllustrationHowever, in a nod to the hit […]

Read more

How to keep AC from knocking out power becomes focus as Colorado heat waves intensify

Heavier reliance on air conditioning to keep cool threatens to knock out electricity more often as heat waves intensify, and Colorado officials this week are seeking utility “readiness” assurances after temps topped 100 degrees. A combination of earlier-than-expected extreme heat, extended drought and wildfires that can destroy transmission lines has raised outage risks, especially in the West. Shrinking water means […]

Read more

Buddy Boy dispensaries will shutter their doors Friday as state’s weed sales tumble

Buddy Boy Brands’ seven metro-area dispensaries will shutter their doors permanently on Friday, with the owner blaming a market downturn and high costs. John Fritzel took over Buddy Boy in June 2014. Buddy Boy’s locations dot the Denver area, selling flower, concentrates, edibles, topicals and more. Fritzel, who also owns dispensaries Lightshade and PotCo, said sales tumbled off of a […]

Read more

Asian stocks slide as Wall St tips into bear market

HONG KONG (Reuters) – Asian shares tumbled on Tuesday after Wall Street hit a confirmed bear market milestone and bond yields struck a two-decade high on fears aggressive U.S. interest rate hikes would push the world’s largest economy into recession.A screen displays the Dow Jones Industrial Average after the closing bell on the floor of the New York Stock Exchange […]

Read more

Tesla cancels three June online hiring events for China

SHANGHAI (Reuters) – Tesla Inc has cancelled three online recruitment events for China scheduled this month, the latest development after Chief Executive Elon Musk threatened job cuts at the electric car maker, saying it was “overstaffed” in some areas.FILE PHOTO: Tesla vehicles are parked outside a building at the Zhongnanhai leadership compound during a meeting between Tesla CEO Elon Musk […]

Read more
1 2 3 583