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Stocks get reality check from earnings, central banks in focus
Global stocks eased from record peaks as a stark reminder of supply chain snags in corporate earnings reports stalled their rally, while investors also looked to whether central banks may consider tightening monetary policy earlier...
Singapore looking into unusual surge after record COVID-19 cases
Singapore’s health ministry said it is looking into an “unusual surge” in infections after the city-state reported 5,324 new cases of COVID-19 on Wednesday, the most since the beginning of the pandemic. Singapore also recorded 10 new deaths from the disease on Wednesday, taking the toll to 349. “The infection numbers are unusually high today,...
Boeing shares down slightly on 787, Starliner costs
Boeing Co (BA.N) reported a quarterly net loss after fresh charges on its problem-plagued 787 and Starliner spacecraft programs, masking a small underlying profit as air travel recovers from the pandemic. The 737 MAX and 787 are integral to Boeing’s ability to rebound from the pandemic and a safety scandal caused by two fatal crashes, while its...
World Bank halts Sudan operations in blow to coup leaders, strike calls gain support
The World Bank halted disbursements for operations in Sudan on Wednesday in response to the military’s seizure of power from a transitional government, while state oil company workers, doctors and pilots joined civilian groups opposing the takeover. Thousands of people have taken to the streets since Monday’s coup led by armed forces chief General Abdel...
Biden vows to stand with Asia on freedom, hits at China on Taiwan
President Joe Biden told Southeast Asian nations on Wednesday the United States would stand with them in defending freedom of the seas and democracy and called China’s actions towards Taiwan “coercive” and a threat to peace and stability. Speaking at a virtual East Asia Summit attended by Chinese Premier Li Keqiang, Biden said Washington would...
South Korea and U.S. held disarmament, non-proliferation consultation -State Dept
The United States and South Korea held a disarmament and non-proliferation consultation on Tuesday, the U.S. State Department said. U.S. Under Secretary for Arms Control and International Security Bonnie Jenkins and Republic of Korea Deputy Foreign Minister for Multilateral and Global Affairs Ham Sang-wook held the consultation in Washington D.C. on Oct. 26, the State...
U.S., Turkish presidential advisers discuss defense relationship, disagreements
Top advisers to U.S. President Joe Biden and Turkish President Tayyip Erdogan spoke on Wednesday about defense issues and how to resolve disagreements, the White House said, days after Turkey’s leader threatened to expel U.S. and other ambassadors. Erdogan over the weekend ordered 10 envoys to be declared “persona non grata” for seeking the release...
Gun not thoroughly checked before Alec Baldwin fired fatal shot
A .45-caliber Colt pistol used on the set of the film “Rust” was not thoroughly checked before being given to actor Alec Baldwin, who fired a live lead bullet in an accidental fatal shooting last week in New Mexico, according to officials and a new court filing. New details about the incident emerged on Wednesday...
U.S. issues first passport with ‘X’ gender marker
WASHINGTON, Oct 27 (Reuters) – The U.S. State Department said on Wednesday it had issued the first American passport with an “X” gender marker, designed to give nonbinary, intersex and gender-nonconforming people a marker other than male or female on their travel document, according to a statement. Secretary of State Antony Blinken announced in June...
Top U.S. general confirms ‘very concerning’ Chinese hypersonic weapons test
The top officer, General Mark Milley, has provided the first official U.S. confirmation of a Chinese hypersonic weapons test that military experts say appears to show Beijing’s pursuit of an Earth-orbiting system designed to evade American missile defenses. The Pentagon has been at pains to avoid direct confirmation of the Chinese test this summer, first...
Moderna COVID shot could be used in U.S. children, teens within weeks, CEO says
Moderna Inc’s (MRNA.O) COVID-19 vaccine could start to be used in children and teens in the United States within weeks, its chief executive said in an interview ahead of the Reuters Total Health conference, which will run virtually from Nov. 15-18. Moderna CEO Staphane Bancel said based on dialogue with the U.S. Food and Drug Administration, he...
U.S. companies to keep prices high as supply chain headaches persist
The largest U.S. manufacturers including General Motors, General Electric, 3M and Boeing face logistics headaches and higher costs due to global supply bottlenecks that are likely to persist into next year but agreed the hit to profits can be mitigated by charging higher prices for their goods. Companies across the globe sounded the alarm on...
Democrats at odds over ‘billionaires tax’ to fund sweeping Biden agenda
Senior Democrats in the U.S. Congress were at odds on Wednesday over a proposal to tax billionaires’ assets to help pay for President Joe Biden’s social and climate-change agenda, leaving it unclear if the idea had enough support to become law. The Senate’s top tax writer, Finance Committee Chairman Ron Wyden, unveiled the idea early...
Haiti crippled by fuel shortages as gang leader demands prime minister resign
Haiti’s streets were unusually quiet on Tuesday and gasoline stations remained dry as gangs blocked the entrance to ports that hold fuel stores and the country’s main gang boss demanded that Prime Minister Ariel Henry resign. Days-long fuel shortages have left Haitians with few transportation options and forced the closure of some businesses. Hospitals, which...
FCC revokes authorization of China Telecom’s U.S. unit
The U.S. Federal Communications Commission (FCC) on Tuesday voted to revoke the authorization for China Telecom’s (0728.HK) U.S. subsidiary to operate in the United States, citing national security concerns. The decision means China Telecom Americas must now discontinue U.S. services within 60 days. China Telecom, the largest Chinese telecommunications company, has had authorization to provide telecommunications services...
Lights on, nobody applying: skills shortage bites as Australia reopens
After two years of stop-start COVID-19 lockdowns Australia is ready to party, but venues from restaurants to sporting stadiums are facing a difficult summer after a huge exodus of holiday workers and foreign students. Strict border closures have left a gaping hole in the market for casual workers, with hospitality-focused firms like Sydney’s AlSeasons being forced to turn down some...
27th October
Alphabet beats sales estimates, posts record profit again on Google ad surge
Google owner Alphabet Inc (GOOGL.O) on Tuesday beat expectations for third-quarter revenue, a positive sign that its advertising business is overcoming new limits on tracking mobile users. Through its search engine, YouTube video service and partnerships across the Web, Google sells more internet ads than any other company. Demand for its services surged in the...
Sudan’s aviation authority suspends flights until Oct. 30
Sudan’s civil aviation authority on Tuesday suspended all flights to and from Khartoum’s international airport until early Saturday, its head told Reuters a day after the military seized power. Ibrahim Adlan said the suspension was due to the current events in the country, adding that the airport will reopen at 2 a.m. local time (0000...
France’s Macron asks China’s Xi Jinping for signal ahead of COP26
French President Emmanuel Macron asked China’s President Xi Jinping during a phone call on Tuesday to send the world a “decisive signal” on climate change ahead of the COP26 summit in Scotland on the topic, the French Presidency said in a statement. Macron encouraged Xi to notably raise China’s goals in terms of efforts to...
Grupo Carso says repairing Mexico’s collapsed metro could cost $40 mln
Mexican billionaire Carlos Slim’s Grupo Carso said the cost of repairing a collapsed section of a Mexico City metro rail that caused a fatal accident earlier this year could amount to some 800 million pesos ($40 million). Carso was one of the companies in a consortium that built the metro’s Line 12, and has said...
U.S. FDA advisers back Pfizer/BioNTech COVID-19 vaccine for children
An expert panel on Tuesday voted overwhelmingly to recommend the U.S. Food and Drug Administration authorize the Pfizer Inc (PFE.N) and BioNTech SE COVID-19 vaccine for children ages 5 to 11, saying the benefits of inoculation outweigh the risks. An authorization for that age group would be would be an important regulatory step toward reaching...
U.S. consumer confidence rebounds; house price growth likely peaked
U.S. consumer confidence unexpectedly rose in October as concerns about high inflation were offset by improving labor market prospects, suggesting economic growth was picking up after a turbulent third quarter. The survey from the Conference Board on Tuesday showed consumers eager to buy a home and big-ticket items such as motor vehicles and major household...
Iran says cyberattack causes widespread disruption at gas stations
A cyberattack disrupted the sale of heavily subsidised gasoline in Iran on Tuesday, state media reported, causing long queues at gas stations across the country weeks before the anniversary of 2019 street protests that followed fuel price hikes. Iran says it is on high alert for online assaults, which it has blamed in the past...
Biden blocks second Trump bid to withhold more Jan. 6 documents
U.S. President Joe Biden has blocked a second attempt by former President Donald Trump to withhold documents sought by lawmakers investigating the deadly Jan. 6 attack on the U.S. Capitol and ordered the latest batch to be handed over to Congress. “Biden has determined that an assertion of executive privilege is not in the best...
Major issues unresolved as Democrats in U.S. Congress seek deal on spending bill
U.S. congressional Democrats on Tuesday were struggling to reach agreement within their fractious caucus on a sweeping bill to expand social programs and tackle climate change, with multiple major issues unresolved. President Joe Biden’s Democrats have spent months fighting over what to include in a bill forecast to spend at least $1.5 trillion over 10...
Biden heads to G20 to talk energy prices, supply chain woes
President Joe Biden, hoping to signal U.S. re-engagement with allies after four years of Donald Trump’s “America First” policies, heads to a meeting of G20 leaders in Europe this week to discuss energy prices, the Iranian nuclear program and supply chain issues, U.S. national security adviser Jake Sullivan said on Tuesday. Biden will also seek...
No end in sight for labor shortages as U.S. companies fight high costs
Labor shortages may be the most intractable of the cost risks that U.S. companies faced in the latest quarter, and as the earnings season moves into its peak there are signs the problem will persist, some strategists say. Finding and paying for workers is a challenge investors are paying close attention to as third-quarter results...
Sudan’s Burhan says army ousted government to avoid civil war
KHARTOUM, Oct 26 (Reuters) – Sudan’s armed forces chief defended the military’s seizure of power, saying he had ousted the government to avoid civil war, while protesters took to the streets on Tuesday to demonstrate against the takeover after a day of deadly clashes. The military takeover on Monday brought a halt to Sudan’s transition...
Three killed after Sudan’s military seizes power in coup
Sudan’s military seized power from a transitional government on Monday and soldiers killed at least three people and wounded 80 as street protests broke out against the coup. The leader of the takeover, General Abdel Fattah al-Burhan, dissolved the military-civilian Sovereign Council that had been established to guide the country to democracy following the overthrow...
Greenhouse gas levels hit record; world struggles to curb damage
Greenhouse gas concentrations hit a record last year and the world is “way off track” in capping rising temperatures, the United Nations said on Monday in a stark illustration of the tasks facing UN climate talks in Scotland. A report by the U.N. World Meteorological Organization (WMO) showed carbon dioxide levels surged to 413.2 parts...
