A Chinese spy balloon was shot down on orders of President Joe Biden, and his administration is considering other actions, Sen. Chuck Schumer said.Story Published at: February 07, 2023 at 06:01PM
New photos show the U.S. Navy recovering downed China spy balloon off U.S. coast
Fed Chief Powell says the the disinflationary process has begun, but has a long way to go
Fed Chairman Jerome Powell spoke Wednesday in a question-and-answer session at the Economic Club of Washington, D.C.Story Published at: February 07, 2023 at 05:54PM
Zoom to lay off 1,300 employees, or about 15% of its workforce
Zoom on Tuesday announced plans to cut about 1,300 workers, or 15% of its workforce, according to a blog post shared to the company’s website.Story Published at: February 07, 2023 at 05:46PM
Turkey’s Ceyhan oil port disrupted by weather as earthquake damage assessed
Adverse weather conditions are disrupting loadings at Turkey’s Ceyhan port, where damage is being assessed in wake of Monday’s twin earthquakes.Story Published at: February 07, 2023 at 03:55PM
UK PM Rishi Sunak overhauls government departments after bumpy 100 days in power
U.K. Prime Minister Rishi Sunak announced a mini overhaul of his government as he seeks to reassert his authority after a shaky first 100 days in office.Story Published at: February 07, 2023 at 01:12PM
Mark Mobius: Adani had ‘big problems’ that put me off, but India still looks appealing
The head of Mobius Capital Partners said fraud accusations against Adani should be seen as isolated and wake investors up to the scale of the Indian market.Story Published at: February 07, 2023 at 12:44PM
New Western measures aim to turn up the heat on Putin’s oil revenues. Analysts are underwhelmed
The West is seeking to deplete Russian President Vladimir Putin’s war chest as the Kremlin’s nearly year-long war in Ukraine drags on. Story Published at: February 07, 2023 at 12:42PM
Turkey’s President Erdogan declares 3-month state of emergency for quake-hit regions
Turkish President Recep Tayyip Erdogan declared a three-month state of emergency in 10 of the country’s provinces Tuesday. Story Published at: February 07, 2023 at 12:14PM
Nintendo cuts sales forecast for its ageing Switch console after disappointing holiday season
Nintendo said it now expects to sell 18 million Switch units for the fiscal year ending March 2023, down from a previous forecast of 19 million.Story Published at: February 07, 2023 at 11:31AM
U.S. is ‘absolutely’ behind on supply chain independence from China, Biden advisor says
For the U.S., whose relations with China can currently be described as tense at best, this poses several potential security risks.Story Published at: February 07, 2023 at 09:53AM