Division at G20 over bid to condemn Russia’s Ukraine invasion

Division at G20 over bid to condemn Russia’s Ukraine invasion

Most G20 members could strongly condemn Ukraine war Zelenskiy urges G20 to help end war under his plan Indonesia urges action on global economic problems China’s Xi to hold meetings with several other leaders NUSA DUA, Indonesia, Nov 15 (Reuters) – Disagreement emerged at a Group of 20 (G20) summit on Tuesday as the United … Read more

Google to pay nearly $400 million to settle U.S. location-tracking probe

Google to pay nearly $400 million to settle U.S. location-tracking probe

WASHINGTON, Nov 14 (Reuters) – Alphabet’s Google (GOOGL.O) will pay $391.5 million to settle allegations by 40 states that the search and advertising giant illegally tracked users’ locations, the Michigan attorney general’s office said Monday. The investigation and settlement, which was led by Oregon and Nebraska, is a sign of mounting legal headaches for the … Read more

Roche’s Alzheimer’s drug fails to meet goal in long awaited trial

Roche’s Alzheimer’s drug fails to meet goal in long awaited trial

Trials show small benefit, but without statistical validity Roche’s setback leaves Biogen, Eisai as leaders in the field Onus on Roche CEO-designate to revive development fortunes Roche shares down 3.4%, development partner Morphosys down 29% Nov 14 (Reuters) – Roche’s (ROG.S) Alzheimer’s drug candidate could not be shown to slow dementia progression in two drug … Read more

Russia’s Lavrov dismisses report that he was taken to hospital at G20

Russia’s Lavrov dismisses report that he was taken to hospital at G20

Lavrov dismisses Associated Press report AP: Lavrov was treated for heart condition Bali governor: Lavrov had checks in hospital, in good health NUSA DUA, Indonesia, Nov 14 (Reuters) – Russian Foreign Minister Sergei Lavrov on Monday dismissed an news agency report that he had been taken to hospital with a heart condition, scolding Western journalists … Read more

New China COVID rules spur concern as some cities halt routine tests

New China COVID rules spur concern as some cities halt routine tests

Regular COVID testing no longer required in several cities China eased various virus curbs last Friday Communities worried over virus spread under relaxed rules Major cities including Beijing report record cases for Nov 13 BEIJING, Nov 14 (Reuters) – Several Chinese cities began cutting routine community COVID-19 testing on Monday, days after China announced an … Read more

U.S. House control hinges on tight races after Democrats take Senate

U.S. House control hinges on tight races after Democrats take Senate

Republicans ahead in tight race for House Democrats look to Georgia after taking Senate WASHINGTON, Nov 14 (Reuters) – Control of the U.S. House of Representatives hinged on Monday on several tight races that could secure a majority for Republicans following midterm elections that saw President Joe Biden’s Democrats beat expectations and retain the Senate. … Read more

IMF says global economic outlook getting ‘gloomier’, risks abound

IMF says global economic outlook getting ‘gloomier’, risks abound

WASHINGTON, Nov 13 (Reuters) – The global economic outlook is even gloomier than projected last month, the International Monetary Fund said on Sunday, citing a steady worsening in purchasing manager surveys in recent months. It blamed the darker outlook on tightening monetary policy triggered by persistently high and broad-based inflation, weak growth momentum in China, … Read more

China’s COVID cases rise, record daily numbers seen in Beijing and other cities

China’s COVID cases rise, record daily numbers seen in Beijing and other cities

BEIJING, Nov 13 (Reuters) – China reported 14,878 new COVID-19 infections for Nov. 12, including a record number of new daily cases in capital city Beijing, as well as in manufacturing hubs Guangzhou and Zhengzhou. The new cases come as industrial activity in Guangzhou and Zhengzhou has been disrupted by restrictions aimed at controlling outbreaks. … Read more

UK economy shrinks at start of feared long recession

UK economy shrinks at start of feared long recession

GDP in Q3 -0.2% q/q vs Reuters poll -0.5% Sept economic output -0.6% m/m vs poll -0.4% GDP in July and August revised up Economists still see UK going into recession Finance minister predicts “tough road ahead” LONDON, Nov 11 (Reuters) – Britain’s economy shrank in the three months to September at the start of … Read more

China shortens COVID quarantine times, eases flight curbs

China shortens COVID quarantine times, eases flight curbs

BEIJING, Nov 11 (Reuters) – China on Friday eased some of its COVID curbs, including shortening by two days quarantine times for close contacts of cases and for inbound travellers and scrapping a penalty on airlines that bring in infected passengers. The new rules were among the 20 measures examined at the first meeting of … Read more