By Mark Trevelyan LONDON (Reuters) -Russian Defence Minister Sergei Shoigu on Wednesday ordered his troops to withdraw from the occupied Ukrainian city of Kherson and take up defensive lines on the opposite bank of the River Dnipro. The announcement ma…
Democrats’ congressional campaign chief concedes New York U.S. House race
WASHINGTON (Reuters) – Incumbent U.S. Representative Sean Patrick Maloney, chairman of the Democratic Party’s campaign arm, conceded his re-election race on Wednesday, but said it was still too early to know the outcome in a number of other contests or…
Factbox-U.S. midterm elections: The race for control of the Senate
(Reuters) – Control of the U.S. Senate was unclear on Wednesday morning following midterm elections that will determine whether President Joe Biden’s Democrats keep control of the chamber, as 35 of its 100 seats are up for grabs. The chamber is divided…
Microsoft faces new EU antitrust complaint on cloud computing practices
By Foo Yun Chee BRUSSELS (Reuters) – Microsoft faces a new antitrust complaint over its cloud computing practices as trade group CISPE, whose members include Amazon, took its grievance to European Union antitrust regulators on Wednesday. CISPE has alle…
U.S. Supreme Court debates race-based challenge to Native American adoption law
By Andrew Chung and Nate Raymond WASHINGTON (Reuters) -The U.S. Supreme Court on Wednesday grappled with a challenge to the legality of decades-old federal requirements that give preferences to Native Americans and tribal members in the adoption or fos…
COP27: U.S. in talks with EU on electric car tax credits
By Valerie Volcovici SHARM EL-SHEIKH, Egypt (Reuters) – The United States is listening to the concerns of European counterparts about the trade tensions triggered by the Biden administration’s clean vehicle subsidies tucked into the Inflation Reduction…
Factbox-Voters in two U.S. states legalize recreational marijuana
(Reuters) – Residents of five U.S. states voted in Tuesday’s elections on whether to legalize recreational marijuana for adults. A growing number of states have legalized marijuana in recent years despite the drug remaining illegal under federal law. T…
Fed terminal rate to reach just under 5%, said bond strategists – Reuters poll
BENGALURU (Reuters) – Sovereign bond yields are likely to remain elevated in the near term and be at higher levels in a year than predicted last month, according to a Reuters poll of fixed income strategists who expected a terminal federal funds rate j…
North Korea fires another missile as South salvages parts of Soviet-era weapon
By Hyonhee Shin and Josh Smith SEOUL (Reuters) -North Korea fired at least one ballistic missile into the sea on Wednesday, as South Korea said it had identified debris from an earlier launch as part of a Soviet-era SA-5 surface-to-air missile. Japan’s…
Meta slashes workforce by 11,000 as it sinks more money into the metaverse
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…