Saudi, OPEC may make up for Russian oil output loss as Biden visit looms

The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen at OPEC’s headquarters in Vienna, Austria June 19, 2018. REUTERS/Leonhard Foeger/File Photo Register now for FREE unlimited access to Reuters.com Register Western sanctions have driven down Russian production OPEC+ meets Thursday, may address Russian output issue US diplomats have been working on … Read more

Facebook-owner Meta Platforms’ Sheryl Sandberg to leave after 14 years

June 1 (Reuters) – Meta Platforms Inc. (FB.O) Chief Operating Officer Sheryl Sandberg, whose close partnership with Chief Executive Officer Mark Zuckerberg powered the growth of the world’s biggest social network, is leaving the company after 14 years, she said in a Facebook post on Wednesday. The announcement initially sent the social media firm’s shares … Read more

Dimon says brace for US economic ‘hurricane’ due to inflation

June 1 (Reuters) – Jamie Dimon, Chairman and Chief Executive of JPMorgan Chase & Co (JPM.N) described the challenges facing the US economy akin to an “hurricane” down the road and urged the Federal Reserve to take forceful measures to avoid tipping the world’s biggest economy into a recession. Dimon’s comments come a day after … Read more

Elon Musk tells Tesla staff: return to office or leave

June 1 (Reuters) – Tesla Inc. (TSLA.O) Chief Executive Elon Musk has asked employees to return to the office or leave the company, according to an email sent to employees and seen by Reuters. “Everyone at Tesla is required to spend a minimum of 40 hours in the office per week,” Musk wrote in the … Read more

No verdict in Depp, Heard defamation cases as jury ends day’s deliberations

May 31 (Reuters) – Jurors considering the opposing lawsuits from actors Johnny Depp and Amber Heard deliberated for hours on Tuesday without reaching a verdict in the multimillion-dollar defamation fight that aired unsettling details about their troubled marriage. The seven-person jury is expected to resume their discussions on Wednesday morning in Fairfax County Circuit Court … Read more

Rising cost of living hurts US consumer confidence; house prices soar

Consumer confidence index falls to 106.4 in May Labor market gauge softeners; more say jobs hard to find Buying intentions for cars, homes, major appliances ease House prices accelerate year-on-year in March WASHINGTON, May 31 (Reuters) – US consumer confidence eased modestly in May as persistently high inflation and rising interest rates force Americans to … Read more

EXCLUSIVE Credit Suisse weighs options to strengthen capital – sources

The logo of Swiss bank Credit Suisse is seen at its headquarters at the Paradeplatz square in Zurich, Switzerland October 1, 2019. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register ZURICH, May 30 (Reuters) – Credit Suisse (CSGN.S) is in the early stages of weighing options to bolster its capital after … Read more

Zero-COVID, big money: China’s anti-virus spending boosts medical, tech, construction

BEIJING, May 30 (Reuters) – China’s ‘zero-COVID’ policy of constantly monitoring, testing and isolating its citizens to prevent the spread of the coronavirus has battered much of the country’s economy, but it has created bubbles of growth in the medical, technology and construction sectors. The Chinese government, alone among major countries in vowing to eradicate … Read more

Blame game in France after ‘chaotic’ Champions League final

PARIS, May 29 (Reuters) – Chaotic scenes at the French national stadium before and during Saturday night’s Champions League final were branded a national embarrassment, while French ministers blamed Liverpool fans for the trouble. The final between Liverpool and Real Madrid kicked off with a 35-minute delay after police tried to hold back people attempting … Read more

US doctors reconsider Pfizer’s Paxlovid for lower-risk COVID patients

May 28 (Reuters) – Use of Pfizer Inc’s (PFE.N) COVID-19 antiviral Paxlovid spiked this week, but some doctors are reconsidering the pills for lower-risk patients after a US public health agency warned that symptoms can recur after people complete a course of the drug, and that they should then isolate a second time . More … Read more