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

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

Stocks squeeze out slim gains, dollar climbs as inflation soars

Europe’s STOXX 600 up 0.3% Banks, auto shares gain Wall Street set to mirror advances Dollar climbs to two-week high vs yen LONDON/SINGAPORE, June 1 (Reuters) – European stocks made slim gains on Wednesday, with the dollar strengthening as investors fretted over soaring inflation and the hit on global growth from looming interest rate rises. … Read more

S&P closes lower after last week’s rally with inflation in focus

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, March 21, 2022. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register May 31 (Reuters) – The S&P 500 closed lower on Tuesday after a three-session rally as volatile oil trading kept soaring inflation in … 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

How a cheap component could help kill off combustion cars

LONDON/BERLIN, May 30 (Reuters) – The humble wire harness, a cheap component that bundles cables together, has become an unlikely scourge of the auto industry. Some predict it could hasten the downfall of combustion cars. Supplies of the auto part were choked by the war in Ukraine, which is home to a significant chunk of … 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

Disease experts call on WHO, governments for more action on monkeypox

A section of skin tissue, harvested from a lesion on the skin of a monkey, that had been infected with monkeypox virus, is seen at 50X magnification on day four of rash development in 1968. CDC/Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register GENEVA, May 28 (Reuters) – Some prominent infectious … 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