By Lisa Baertlein LOS ANGELES (Reuters) – A company that FedEx once contracted to deliver packages on the California-Oregon border has sued the shipper, alleging it engages in a systemic pattern[...]
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December 8, 2023
US seeks to buy up to 3 million bbls of oil for Strategic Petroleum Reserve
By Timothy Gardner WASHINGTON (Reuters) – The U.S. Department of Energy on Friday said it wants to buy up to 3 million barrels of crude oil for the Strategic Petroleum Reserve (SPR) for delivery[...]
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US consumers see brighter days ahead as inflation fears tumble
(Reuters) -U.S. consumer sentiment perked up much more than expected in December, snapping four straight months of declines, as households saw inflation pressures easing, a development likely to be we[...]
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Factbox-Australia’s Woodside, Santos in talks for $53 billion oil-gas merger
(Reuters) – Australia energy companies Woodside and Santos Ltd said late on Thursday that they are in preliminary merger talks, in what could be the latest big deal in a wave of global consolida[...]
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The rise and stagnation of Russia’s economy during Putin’s tenure
MOSCOW (Reuters) – Russians have enjoyed a dramatic increase in living standards over the course of President Vladimir Putin’s nearly 24 years at the helm of Russian politics. On Friday, P[...]
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China adds Nio, BMW-backed Spotlight to approved car manufacturers list
BEIJING (Reuters) – China’s industry ministry on Friday added five companies to its approved car manufacturers list, including Nio Inc and BMW-backed Spotlight. (Reporting by Beijing Newsr[...]
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EU ministers narrow gaps on fiscal rules, eye end-year deal
By Jan Strupczewski BRUSSELS (Reuters) -France, Germany and the EU executive expressed hope on Friday that EU governments will reach an agreement on the bloc’s fiscal rules by the end of the yea[...]
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Honeywell boosts building safety ops with $4.95 billion deal for Carrier unit
By Nathan Gomes (Reuters) -U.S. industrial firm Honeywell said on Friday it would buy air conditioner maker Carrier’s security unit for $4.95 billion in cash to bulk up its building safety busin[...]
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Fed pivot to interest-rate cuts seen likely to start in May
(Reuters) -A stronger-than-expected U.S. labor market won’t keep the Federal Reserve from pivoting to a series of interest-rate cuts next year, but it could take until May for it to deliver the[...]
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