By Chuck Mikolajczak (Reuters) -The S&P 500 fell to its lowest level in almost two years on Tuesday on worries about super aggressive Federal Reserve policy tightening, trading under its June trough and leaving investors appraising how much further sto…
U.S. VP Harris to meet with Japanese chip firms -official
By Trevor Hunnicutt TOKYO (Reuters) – Vice President Kamala Harris will meet on Wednesday in Japan with heads of semiconductor-related businesses as the Biden administration works to boost U.S. chips manufacturing, according to a senior administration …
Self-employed, Catholics drive Meloni’s Italian electoral triumph
By Angelo Amante and Rodolfo Fabbri ROME (Reuters) – Self-employed people and Catholics helped power Giorgia Meloni’s Brothers of Italy party to electoral victory on Sunday, surveys show, with a significant share of women voters putting her on course t…
EU vows to protect energy network after ‘sabotage’ of Russian gas pipeline
By Paul Carrel and Stine Jacobsen BERLIN/COPENHAGEN (Reuters) – The European Union on Wednesday promised a “robust” response to any intentional disruption of its energy infrastructure after saying it suspected sabotage was behind gas leaks discovered t…
Gas crisis lands LNG cargo market in hands of energy giants
By Marwa Rashad and Chen Aizhu LONDON/SINGAPORE (Reuters) – Rocketing LNG cargo prices have squeezed out dozens of smaller traders, concentrating the business in the hands of a handful of international energy majors and top global trading houses. This …
NASA’s DART spacecraft hits target asteroid in first planetary defense test
By Steve Gorman (Reuters) – NASA’s DART spacecraft successfully slammed into a distant asteroid at hypersonic speed on Monday in the world’s first test of a planetary defense system, designed to prevent a potential doomsday meteorite collision with Ear…
Analysis-Pummelled pound faces long road back as investor confidence shredded
By Tommy Wilkes and Dhara Ranasinghe LONDON (Reuters) – Sterling’s slide to record lows leaves it staring at parity with the dollar. Whether or not it hits the symbolic level, investors say Britain’s new government has dealt such a blow to the UK’s sta…
Iran says U.S. attempting to use unrest to weaken country
DUBAI (Reuters) -Iran faced more international criticism on Monday over the death of a woman in police custody which triggered nationwide protests, after Tehran accused the United States of using the unrest to try to destabilise the country. Iran has c…
The Dow is in a bear market. What does that mean?
(Reuters) – The Dow Jones Industrial Average, the oldest of Wall Street’s three main stock indexes, dropped 1.1% on Monday, extending the decline from its January peak to more than 20%, meeting a common definition for a bear market. Worries that the Fe…
Forest Service launches criminal probe into Mosquito Fire; seizes PG&E equipment
(Reuters) – Californian utility PG&E Corp said on Monday it was cooperating with the U.S. Forest Service (USFS) after the federal agency started a criminal investigation into the U.S. state’s largest wildfire this year. The Mosquito Fire has scorched 7…