By Aditya Soni and Nivedita Balu (Reuters) -Meta Platforms Inc said on Wednesday it would cut more than 11,000 jobs, or 13% of its workforce, in one of the year’s biggest layoffs as the Facebook parent battles soaring costs from its push into the metav…
Russia orders retreat from Ukrainian city of Kherson in major setback for Moscow
By Tom Balmforth and Jonathan Landay KYIV (Reuters) -Russian Defence Minister Sergei Shoigu ordered his troops to withdraw from the west bank of the Dnipro River near the strategic southern Ukrainian city of Kherson, a significant setback for Moscow an…
Spain’s Iberdrola to invest $47 billion in energy transition in 2023-25
By Nina Chestney MADRID/LONDON (Reuters) -Spain’s Iberdrola will invest 47 billion euros ($47 billion) in electricity networks, renewable energy production and customer businesses over the next two years, its chairman said in a strategy update on Wedne…
Germany needs to dial in energy-relief steps in inflation battle – economic council
BERLIN (Reuters) – Germany must dial in its energy-relief measures in the face of sky-high inflation that is hurting households and businesses, and clouding the economic outlook, according to the annual report from a panel of five economic advisers. Th…
Russian-installed official in Ukraine’s Kherson region dies in car crash – agencies
(Reuters) -Kirill Stremousov, the Russian-installed deputy head of Ukraine’s southern Kherson region, died on Wednesday in a car crash, Russian state news agencies reported. Stremousov was one of the most prominent public faces of the Russian occupatio…
German chemicals distributor Brenntag Q3 profit beats expectations
(Reuters) – German chemicals distributor Brenntag posted higher-than-expected third-quarter profit on Wednesday, saying it was able to balance European and global supply chains as rising energy costs affected the continent. The group, whose services in…
World stocks slip, await CPI, U.S. midterms outcome
By Herbert Lash NEW YORK (Reuters) – World stocks slid below recent seven-week highs and the dollar rose on Wednesday as investors awaited both the results of the U.S. mid-term elections and key data on consumer prices that could impact the Federal Res…
Six dead after powerful earthquake hits Nepal, rattles New Delhi
By Mrinmay Dey and Gopal Sharma KATHMANDU (Reuters) – An earthquake of magnitude 6.6 struck Nepal early Wednesday, killing at least six people, destroying multiple houses in the western district of Doti and shaking the Indian capital New Delhi, officia…
Twitter to introduce ‘Official’ label for select verified accounts
(Reuters) – Billionaire Elon Musk’s social media firm Twitter will introduce an ‘Official’ label for select verified accounts including major media outlets and governments, when it launches its new $8 service with the blue verification mark, its early …
Russia, U.S. to hold first talks under nuclear treaty since Ukraine conflict – State Dept
By Simon Lewis WASHINGTON (Reuters) -The United States and Russia have agreed to resume holding meetings under the New Start nuclear arms reduction treaty that have been paused since before Russia’s invasion of Ukraine, U.S. State Department spokespers…