Western allies disagree over planes for Ukraine, while Russia claims gains

Biden said “no” when asked about the F-16s for Ukraine Zelensky: Moscow is seeking a big revenge The Russian official claimed a foothold at Vuhledar Kyiv could regain control of the land upon the arrival of Western weapons – a group Kyiv (Reuters) – Ukraine’s defense minister is expected in Paris on Tuesday to meet … Read more

Apparently Israel was behind a drone strike on an Iranian factory – US official

Drones target a factory near Isfahan, and there were no casualties Iran: “cowardly” attack will not slow down nuclear activity Israel refuses to comment DUBAI/WASHINGTON (Reuters) – A US official said on Sunday that Israel appeared to be behind a drone attack on a military factory in Iran. Iran claimed that it had intercepted drones … Read more

Davos 2023: Recession overshadows the opening of the World Economic Forum summit

DAVOS, Switzerland (Reuters) – The prospect of an imminent global recession cast a long shadow over Davos on Monday as participants packed into the opening annual meeting of the World Economic Forum about the potential cost to their economies and businesses. Two-thirds of the leading private and public sector economists surveyed by the World Economic … Read more

The yen sways as the Bank of Japan challenges the market, and stocks rejoice in falling inflation

Interest rate expectations fell after inflation slowed in the US Asian stocks hit a 7-month high Japanese Treasury yields shatter the Bank of Japan’s ceiling as bets grow on a policy shift SINGAPORE/TOKYO (Reuters) – Asian stocks rose on Friday as investors rejoiced at slowing U.S. inflation, while the yen hit a seven-month high and … Read more

Inflation in the United States is subsiding as consumer prices fall; The job market is still tight

Consumer prices fell 0.1% in December The Consumer Price Index increased by 6.5% year-on-year Core CPI rose 0.3%; 5.7% increase year-on-year Weekly jobless claims drop from 1,000 to 205,000 WASHINGTON (Reuters) – American consumer prices fell for the first time in more than two-and-a-half years in December amid lower gasoline and auto prices, giving hope … Read more

China imposes transit restrictions on South Korea and Japan; The World Health Organization expresses concern about the data

Who said lack of data hinders response to resurgence risks New restrictions on South Korean and Japanese citizens transiting through China China says visa suspension for South Korea and Japan ‘reasonable’ An escalation of the diplomatic row could complicate economic relations Social media users slam South Korea’s “humiliating” COVID restrictions BEIJING/GENEVA, January 11 (Reuters) – … Read more

Biden’s climate agenda has a problem: Not enough workers

Jan 11 (Reuters) – U.S. clean energy companies are offering better wages and benefits, flying in trainers from abroad, and considering ideas such as buying roofers and electrical repair shops to hire only their own workers as the companies try to overcome a labor shortage that threatens to derail it. President Joe Biden’s Climate Change … Read more

Pfizer CEO rules out generic COVID drug Paxlovid for China

Jan. 9 (Reuters) – Pfizer Inc (PFE.N) It’s not in talks with Chinese authorities to license a generic version of its COVID-19 treatment Paxlovid for use there, CEO Albert Bourla said Monday, but it is in discussions about the price of the branded product. Reuters reported on Friday that China is in talks with Pfizer … Read more

There is no sign of casualties after Russia announced its retaliatory attack on Ukrainian soldiers

There is no evidence of injuries at the strike site – witness Russia says it carried out a revenge attack on Ukraine It claims to have killed more than 600 Ukrainian soldiers A Ukrainian military official dismissed the claim as untrue KRAMATORSK, Ukraine (Reuters) – A Russian missile attack on the Ukrainian city of Kramatorsk … Read more

The US labor market is advancing, but wage growth is losing momentum

Nonfarm payrolls increased 223,000 in December Unemployment rate down to 3.5% from 3.6% high rates of domestic workers; High workforce earning average hourly earnings of 0.3%; An increase of 4.6% year-on-year WASHINGTON, Jan. 6 (Reuters) – The U.S. economy added jobs by a strong measure in December, pushing the unemployment rate back to a pre-pandemic … Read more