The Philippines gives the US greater access to bases amid concerns from China

The Philippines and the United States have agreed to add four sites under EDCA The agreement comes amid tensions in the South China Sea, over Taiwan EDCA allows the United States access to Philippine military bases MANILA (Reuters) – The Philippines has given the United States expanded access to its military bases, Philippine defense chiefs … Read more

Apparently Israel was behind a drone strike on an Iranian factory – US official

Drones target a factory near Isfahan, and there were no casualties Iran: “cowardly” attack will not slow down nuclear activity Israel refuses to comment DUBAI/WASHINGTON (Reuters) – A US official said on Sunday that Israel appeared to be behind a drone attack on a military factory in Iran. Iran claimed that it had intercepted drones … Read more

Poland is seeking an alliance to send Leopard tanks to Ukraine

Poland says it plans to send Leopard tanks to Ukraine Germany hints at approval as the Allies apply pressure President Zelensky grapples with a corruption scandal Russia says the tank debate shows NATO’s division WARSAW/BRUSSELS Jan 23 (Reuters) – Poland said on Monday it will ask Germany for permission to send Leopard tanks to Ukraine … Read more

Microsoft will cut 10,000 jobs with concern about a recession in the cloud technology sector

DAVOS, Switzerland, Jan. 18 (Reuters) – Microsoft Corporation (MSFT.O) On Wednesday, it said it would cut 10,000 jobs and charge $1.2 billion in profits, as cloud computing customers reassess their spending and the company prepares for a possible recession. The layoffs, which were much larger than the cuts Microsoft made last year, add to the … Read more

Davos 2023: Recession overshadows the opening of the World Economic Forum summit

DAVOS, Switzerland (Reuters) – The prospect of an imminent global recession cast a long shadow over Davos on Monday as participants packed into the opening annual meeting of the World Economic Forum about the potential cost to their economies and businesses. Two-thirds of the leading private and public sector economists surveyed by the World Economic … Read more

The yen sways as the Bank of Japan challenges the market, and stocks rejoice in falling inflation

Interest rate expectations fell after inflation slowed in the US Asian stocks hit a 7-month high Japanese Treasury yields shatter the Bank of Japan’s ceiling as bets grow on a policy shift SINGAPORE/TOKYO (Reuters) – Asian stocks rose on Friday as investors rejoiced at slowing U.S. inflation, while the yen hit a seven-month high and … Read more

Inflation in the United States is subsiding as consumer prices fall; The job market is still tight

Consumer prices fell 0.1% in December The Consumer Price Index increased by 6.5% year-on-year Core CPI rose 0.3%; 5.7% increase year-on-year Weekly jobless claims drop from 1,000 to 205,000 WASHINGTON (Reuters) – American consumer prices fell for the first time in more than two-and-a-half years in December amid lower gasoline and auto prices, giving hope … Read more

Biden’s climate agenda has a problem: Not enough workers

Jan 11 (Reuters) – U.S. clean energy companies are offering better wages and benefits, flying in trainers from abroad, and considering ideas such as buying roofers and electrical repair shops to hire only their own workers as the companies try to overcome a labor shortage that threatens to derail it. President Joe Biden’s Climate Change … Read more

Pfizer CEO rules out generic COVID drug Paxlovid for China

Jan. 9 (Reuters) – Pfizer Inc (PFE.N) It’s not in talks with Chinese authorities to license a generic version of its COVID-19 treatment Paxlovid for use there, CEO Albert Bourla said Monday, but it is in discussions about the price of the branded product. Reuters reported on Friday that China is in talks with Pfizer … Read more

There is no sign of casualties after Russia announced its retaliatory attack on Ukrainian soldiers

There is no evidence of injuries at the strike site – witness Russia says it carried out a revenge attack on Ukraine It claims to have killed more than 600 Ukrainian soldiers A Ukrainian military official dismissed the claim as untrue KRAMATORSK, Ukraine (Reuters) – A Russian missile attack on the Ukrainian city of Kramatorsk … Read more