By Ann Saphir (Reuters) – It is time for the Federal Reserve to shift to smaller interest rate hikes to avoid tightening monetary policy more than needed, and slow the pace further once risks become more “two-sided,” Chicago Fed President Charles Evans…
COVID variants BQ.1/BQ.1.1 make up 35% of U.S. cases
(Reuters) -The U.S. Centers for Disease Control and Prevention (CDC) on Friday estimated that Omicron subvariants BQ.1 and BQ.1.1 accounted for about 35% of coronavirus cases in the country in the week ending Nov.5 compared with 23.2% in the previous w…
North Carolina reports possible voter intimidation, threats ahead of midterm elections
By Gram Slattery WASHINGTON (Reuters) -North Carolina officials have registered 14 instances of potential intimidation or interference with voters and election workers in the run-up to Tuesday’s U.S. midterm elections, according to records provided to …
North Korea flies jets, fires artillery near border after U.S. and South extend drills
By Soo-hyang Choi and Josh Smith SEOUL (Reuters) – South Korea said it scrambled warplanes in response to 180 North Korean military flights near the countries’ shared border on Friday, and Pyongyang again demanded that the United States and South Korea…
Republican takeover of U.S. Congress would mean tax fights are back
By David Lawder WASHINGTON (Reuters) – Republicans aiming to win control of Congress on Tuesday say they plan to force President Joe Biden into a difficult choice on taxes: sign Republican legislation to make their 2017 tax cuts permanent or veto it an…
U.N. hopeful it can restart aid into Ethiopia’s Tigray region “in days” – OCHA head
By Tommy Wilkes and Ayenat Mersie NAIROBI (Reuters) – The United Nations is hopeful it can resume aid deliveries into Ethiopia’s war-torn Tigray region “in days” following a truce agreed between combatants, but some remote areas remain off-limits, the …
U.S. job growth strong in October, but cracks emerging
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth increased more than expected in October, but the pace is slowing and the unemployment rate rose to 3.7%, suggesting some loosening in labor market conditions, which would allow the Federal Reserv…
Twitter lays off staff as Musk blames activists for ‘massive’ ad revenue drop
By Sheila Dang, Katie Paul and Paresh Dave (Reuters) -Twitter Inc started a major round of layoffs on Friday, alerting employees of their job status by email after barring the entrances to offices and cutting off workers’ access to internal systems ove…
U.S. announces $400 million in new military aid for Ukraine
By Idrees Ali, Mike Stone and Jan Lopatka WASHINGTON (Reuters) -The United States on Friday announced an additional $400 million in military aid to Ukraine, including refurbishing T-72 tanks and missiles for HAWK air defense systems for Kyiv. Pentagon …
Nissan says talks with Renault focused on better competing in electric cars
By Kevin Krolicki and David Dolan TOKYO (Reuters) -Nissan Motor Co’s talks with Renault SA on revamping their alliance are focused on strengthening competitiveness as equal partners and getting the most from their investment in electric cars, the Japan…