Norway Expects To Earn Record $131 Billion From Oil And Gas In 2023
The Norwegian government expects record income next year from its oil and gas industry, it said on Thursday, predicting a rise of 18% from this year's level and a fivefold increase over 2021 as production rises and prices soar.
Legal Cannabis Poses A Quandary For US Companies Screening Staff For Drugs
Workers at Wyatt Bassett's furniture factory in Virginia use powerful tools to churn out the company's trademark dressers and headboards, so screening new hires for drugs is a no-brainer.
For Flooded Inland Florida, Hurricane Ian Saved The Worst For Last
Hurricane Ian carried a one-two punch for the inland Florida city of Arcadia and its surrounding county.
India's Edelweiss AM Says Repo Rate May Hit 6.75% On Inflation Woes
The Reserve Bank of India may have to hike the repo rate to as much as 6.75% as inflation remains a threat, lingering above the central bank's target range for the remainder of the year, the head of fixed income at Edelweiss Asset Management said on Thursday.
Democrat-led Texas City Steps Up Migrant Busing To New York, Outpacing Republican Effort
The Democrat-led border city of El Paso, Texas, has sent more migrants on buses to New York City and Chicago than a campaign by Texas' Republican governor, a twist in an ongoing partisan battle over U.S.
Analysts Cut Canadian Dollar Forecasts As Recession Risk Looms: Reuters Poll
The Canadian dollar is set to fall short of a September forecast for the coming year following sharp losses in recent weeks and as interest rate hikes by the Bank of Canada threaten to push the domestic economy into recession, a Reuters poll showed.
BOJ Hopeful Of Inbound Tourism Boost From Weak Yen Even As Global Risks Weigh
The Bank of Japan (BOJ) on Thursday painted a cautiously optimistic view on consumption, and joined the government in voicing hope that next week's re-opening of borders will boost inbound tourism and help the economy benefit from a weak yen.
Euro Zone Yields Edge Higher, ECB Minutes In Focus
Euro zone government bond yields edged back towards September's multi-year highs on Thursday as investors await the minutes from the European Central Bank's September meeting for clues on the future pace of tightening.
Rich Mainland Chinese Snap Up Luxury Homes In Singapore Despite Tax Hikes
Wealthy mainland Chinese have been the top foreign buyers of expensive private properties in Singapore this year as the city-state reaps the benefits of post-pandemic reopening and a relatively strong currency, despite tax increases.
Swiss Pursue Home-grown Energy Panacea - Reluctantly
Having dodged most of the fuel-driven surge in inflation plaguing its neighbours, Switzerland is moving ahead with plans to boost its energy security and lock in tame power prices - but only reluctantly.
In An Empty Kitchen, Yemeni Family Struggles With Hunger
In a bare kitchen in her house in the Yemeni capital Sanaa, Umm Zakaria al-Sharaabi prepares for a daily challenge - creating a meal out of virtually nothing to feed the 18 people in her extended family.
Chinese Civil War Refugee Makes Love For Taiwan Flag A Dining Experience
Days away from Taiwan's National Day, a long line of people snakes out of Chang Lao-wang's restaurant, where the Chinese civil war refugee displays his ardent love for Taiwan's flag while serving up Yunnan rice noodles to the lunchtime crowd.
Bears Fortify Bets On Asian FX On Resilient Dollar, Growth Fears: Reuters Poll
Analysts' positions on most emerging Asian currencies firmed deep in bear territory, a Reuters poll found, as a resilient dollar, a coerced yuan, a decisively hawkish U.S.
Toyota Says Found Fix For Wheel Issue That Caused EV Recall
Toyota Motor Corp said it had found a fix for a defect that caused a recall of its first electric vehicle (EV), bZ4X, months after the recall froze deliveries of the car and hurt the automaker's nascent efforts to electrify its range.
California Family Kidnapped On Monday Found Dead, Sheriff Says
Four members of a California family, including an 8-month-old girl, were found dead in a rural area on Wednesday after they were abducted in the city of Merced on Monday, authorities said.
India Awaits WHO Information On Any Cough Syrup Link To Gambia Deaths
India is awaiting World Health Organization evidence of a link between an Indian cough syrup and the deaths of dozens of children in Gambia after the U.N.
India Sept Services Growth Slumped To 6-month Low On Cooling Demand -PMI
Growth in India's services industry slumped in September to a six-month low, led by a substantial easing in demand amid high inflation, a private survey showed.
Analysis-Plenty Of 'fire' But Less 'fury' As North Korea Tensions Rise Again
Between long-range missile launches and the looming prospect of new nuclear tests, this year has seen North Korea return to weapons activities not seen since the days of "fire and fury" in 2017.
Japan Targets Farm Export Gains To Blunt Weak Yen's Pain
When Japanese Prime Minister Fumio Kishida vowed this week to wring more gains from the weak yen, which has become instead a source of economic pain, he was pinning his hopes on the likes of Soichi Yoshimura, 33, and his strawberry farm north of Tokyo.
Over 60 Clinics In 15 U.S. States Ceased Abortion Care Post-Roe - Study
More than 60 abortion clinics across 15 states have stopped providing abortions since the U.S.
Sri Lanka Holds Rates As Focus Turns To Reforms To Stabilise Crisis-hit Economy
Sri Lanka's central bank held policy rates steady on Thursday, saying monetary conditions remain "sufficiently tight" after a massive rate-hike campaign earlier in the year as the crisis-hit nation grapples with red-hot inflation and shortage of dollars.
Rash Of Child Deaths In Gambia Linked To Cough Syrups Made In India -WHO
The deaths of dozens of young children in Gambia from acute kidney injuries may be linked to contaminated cough and cold syrups made by an Indian drug manufacturer, the World Health Organization said on Wednesday.
Oil Extends Gains After OPEC+ Agrees To Slash Crude Output
Oil prices rose for a fourth session on Thursday, with Brent at a three-week high, after OPEC+ agreed to further tighten global crude supply with a deal to slash production by about 2 million barrel per day, the largest reduction since 2020.
Sterling To Struggle On, Chance Of Dollar Parity On A Knife-edge:Reuters Poll
Britain's battered pound will be around 3.6% stronger in a year, according to a Reuters poll in which analysts were divided, however, on whether the currency would reach parity with the U.S.
Big Question At New European Club's First Summit: What Is It For?
Leaders of 44 European countries gather on Thursday for the inaugural summit of the European Political Community (EPC), a grand show of solidarity for a continent mired in multiple crises, but beyond that it is unclear what the forum is meant to achieve.
Dollar Clings To Gains As Bets On Further Fed Hikes Firm
The dollar fought for a footing in choppy trade on Thursday, with support from upbeat U.S.
Aggressive Rate Hikes Best Option But Unlikely To Quell EMFX Sell-off - Reuters Poll
Central bank intervention via U.S. dollar sales won't strengthen emerging market currencies against an ever-dominant greenback, a Reuters poll found, and many analysts expected authorities to sit this round out or hike rates more aggressively.
Exclusive-GE Lays Off Workers At Onshore Wind Unit As Part Of Turnaround Strategy - Sources
General Electric Co is laying off workers at its onshore wind unit as part of a plan to restructure and resize the business, which is grappling with weak demand, rising costs and supply-chain delays, four sources familiar with the move said.
North Korea Fires Ballistic Missiles After Condemning U.N. Meeting, U.S. Drills
North Korea fired two short-range ballistic missiles into the sea on Thursday in the direction of Japan, after the return of a U.S.
Sydney Set To Smash Rainfall Records As Australia Braces For More Floods
Sydney is set to record its wettest year in 164 years as authorities braced for major floods in Australia's east, with more heavy downpours expected to fall over the next three days.