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Middle East

Biden admin tells Supreme Court law protecting social media companies has limits

BY Reuters  • December 8, 2022December 8, 2022
By Dan Whitcomb (Reuters) – The Biden administration argued to the U.S. Supreme Court on Wednesday that social media giants like Google could in some instances have responsibility for user conte[...]
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Business Entertainment and Lifestyle Europe Middle East Politics Technology Top News US

Oil dips, hits lowest since January as U.S. data fans fuel demand fears

BY Reuters  • December 7, 2022December 7, 2022
By Arathy Somasekhar HOUSTON (Reuters) – Oil edged to its lowest since the start of the year in volatile trading, after U.S. government data showed an unexpectedly large build in fuel stocks, fe[...]
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Business Economy Europe Middle East UK Updated US

Oil prices slump to pre-Ukraine crisis levels on economic jitters

BY Reuters  • December 6, 2022December 6, 2022
By Shariq Khan NEW YORK (Reuters) -U.S. oil prices fell in frenzied trading on Tuesday to their lowest settlement levels this year, with Brent finishing below $80 per barrel for the second time in 202[...]
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Asia Business Economy Europe Middle East UK Updated US

Gulf states, looking East, to reinforce economic ties with China as Xi visits Saudi

BY Reuters  • December 6, 2022December 6, 2022
By Rachna Uppal DUBAI (Reuters) – Trade and investment ties between China and Gulf Arab states are expected to feature prominently in President Xi Jinping’s visit to Saudi Arabia this week[...]
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Asia Business Economy Middle East Technology

Airlines see return to profit in 2023, clash with airports

BY Reuters  • December 6, 2022December 6, 2022
By Emma Farge GENEVA (Reuters) -Global airlines are predicting their first industry-wide profit since 2019 next year as air travel rebounds from COVID-19 restrictions, while a new war of words erupted[...]
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Oil falls over 3% after data raises Fed interest rate worries

BY Reuters  • December 5, 2022December 5, 2022
By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell over 3% on Monday, following U.S. stock markets lower, after U.S. service sector data raised worries that the Federal Reserve could continue its[...]
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Business Economy Europe Middle East UK Updated US

French prosecutors name Ukrainian suspect in Lebanese central bank probe

BY Reuters  • December 5, 2022December 5, 2022
(This story has been refiled to fix a typo in paragraph 11.) By David Gauthier-Villars (Reuters) – French prosecutors said on Monday they have put a Ukrainian woman linked to the governor of Leb[...]
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Business Economy Europe Middle East Politics Top News

Moody’s sees ‘very high’ foreign exchange risk for banks in Ukraine, Turkey

BY Reuters  • December 5, 2022December 5, 2022
LONDON (Reuters) – Banks in countries such as Ukraine and Turkey face a “very high” risk from restrictions on capital flows, weak international reserves and a high level of foreign c[...]
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Africa Asia Business Central America Economy Europe Latin America Middle East US

Global central banks extend rate hike push in November

BY Reuters  • December 5, 2022December 5, 2022
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – The pace and scale of rate hikes delivered by central banks in November picked up speed again as policy makers around the globe battle[...]
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