OPEC+ to consider oil cut of over than 1 million barrels per day

Cuts could include Saudi voluntary reduction Largest cut since pandemic reduction Oil fell due to rising Fed rates, weak economy DUBAI, Oct 2 (Reuters) – OPEC+ will consider an oil output cut of more than a million barrels per day (bpd) next week, OPEC sources said on Sunday, in what would be the biggest move … Read more

Ukraine advance in Lyman shows it can push back Russian forces, NATO chief says

WASHINGTON, Oct 2 (Reuters) – Ukraine’s capture of a city within territory of Russian President Vladimir Putin’s declared annexation demonstrates that Ukrainians are making progress and able to push back against Russian forces, NATO Secretary-General Jens Stoltenberg said on Sunday. “We have seen that they have been able to take a new town, Lyman, and … Read more

Analysis: Under water: how the Bank of England threw markets a lifeline

Bank of England bought bonds after pension fund pleas Some UK pension funds faced problematic margin calls BoE support seen as giving window to build collateral British government’s unfunded tax plan spooked markets LONDON/NEW YORK, Oct 2 (Reuters) – Calls to the Bank of England saying some British pension funds were struggling to meet margin … Read more

Iran lawmakers chant ‘thank you, police’ despite growing public fury over woman’s death

DUBAI, Oct 2 (Reuters) – Iranian lawmakers chanted “thank you, police” during a parliament session on Sunday, in a show of support for a fierce crackdown on widespread anti-government protests against the death of a young woman in police custody. The protests, sparked by the death of 22-year-old Mahsa Amini from Iranian Kurdistan, have spiralled … Read more

What caused holes in Sue the T. rex’s jawbone? Scientists are stumped

WASHINGTON, Oct 1 (Reuters) – Sue, the biggest and best preserved Tyrannosaurus rex ever unearthed, no doubt was a fearsome beast when this predator prowled what is now South Dakota about 67 million years ago at the twilight of the age of dinosaurs. But even this huge dinosaur, whose fossils are displayed at the Field … Read more

Tencent shifts focus to majority deals, overseas gaming assets for growth

HONG KONG, Oct 1 (Reuters) – Tencent is resetting its M&A strategy to put more focus on buying majority stakes mainly in overseas gaming companies, as the tech giant eyes global expansion to offset slowing growth at home in China, people with direct knowledge of the matter said. Tencent Holding Ltd (0700.HK) has for years … Read more

Venezuela frees 7 jailed Americans in swap for 2 Maduro relatives

WASHINGTON, Oct 1 (Reuters) – Venezuela on Saturday freed seven Americans, including five oil executives, in exchange for two relatives of Venezuelan President Nicolas Maduro jailed in the United States on drug convictions, U.S. officials said. The swap included executives of Citgo Petroleum held for years, in addition to U.S. Marine veteran Matthew Heath and … Read more

Russia loses U.N. aviation council seat in rebuke

MONTREAL, Oct 1 (Reuters) – Russia failed to win enough votes for re-election to the United Nation’s aviation agency’s governing council on Saturday, in a rebuke of Moscow for aviation-related actions taken after its invasion of Ukraine. Russia fell short of the 86 votes needed to stay on the International Civil Aviation Organization’s (ICAO) 36-nation … Read more

Meta board approves personal security to outgoing executive Sheryl Sandberg

Sept 30 (Reuters) – Meta Platforms Inc (META.O) said on Friday its board had approved providing personal security services to former Chief Operating Officer Sheryl Sandberg, citing “continuing threats to her safety”. The company, however, did not elaborate on the threats that Sandberg, one of the most powerful women in Silicon Valley, faces. It expects … Read more

United Airlines to halt service at New York’s JFK airport in October

WASHINGTON, Sept 30 (Reuters) – United Airlines (UAL.O) said on Friday it will suspend service in late October to New York’s John F. Kennedy Airport (JFK). Earlier this month, United had threatened to take the action if the Federal Aviation Administration (FAA) did not grant the air carrier additional flights. United has been flying just … Read more