Hurricane Fiona helps to boost US weekly jobless claims

Weekly jobless claims increase 29,000 to 219,000 Continuing claims rise 15,000 to 1,361 million Announced job cuts jump 46% to 29,989 in September WASHINGTON, Oct 6 (Reuters) – The number of Americans filing new claims for unemployment benefits increased by the most in four months last week, but the labor market remains tight even as … Read more

Energy WAR? OPEC+ Slashes Oil Production, Gas Prices Expected To Spike AGAIN: Brie & Robby React – The Hill

Energy WAR? OPEC+ Slashes Oil Production, Gas Prices Expected To Spike AGAIN: Brie & Robby ReactThe Hill Explainer: Why Russia stands to gain most from OPEC+ oil production cutsReuters How Russia Will Benefit From Higher Oil Prices After OPEC+ DealThe Wall Street Journal OPEC agrees to fund Russia’s warMacroBusiness High prices, war in Ukraine, a … Read more

One tops ancient Roman busts in Vatican museums

VATICAN CITY, Oct 5 (Reuters) – A man toppled two ancient Roman busts in the Vatican Museums on Wednesday, causing moderate damage before being stopped by staff and arrested, a museum source said. The source, who spoke on condition of anonymity because he was not authorized to discuss an ongoing investigation, said the man was … Read more

Charlie Hurt on COVID relief fraud: I hope someone pays a price for this – Fox Business

Charlie Hurt on COVID relief fraud: I hope someone pays a price for thisFox Business

Tight global oil supply can’t be reversed easily, Shell, Aramco CEOs say

LONDON, Oct 4 (Reuters) – The oil market is not focusing on the fact that global spare capacity to raise oil production is very low, Saudi Aramco’s Chief Executive said on Tuesday, with Shell’s Chief Executive saying investments will not shift because prices are high . “(The market is) focusing on what will happen to … Read more

Sterling stands tall after UK policy U-turn; Aussie wobbles before RBA

TOKYO, Oct 4 (Reuters) – Sterling rose to a fresh post-budget high on Tuesday in Asia, weighing on the broader US dollar index, as the UK currency extended its recovery a day after the British government capitulated on tax cuts. The Aussie dollar retreated from near the top end of its recent range against the … Read more

A new drug seeks ‘true revenge’ on COVID by turning the virus against itself

A neurologist at a prestigious US research institute has developed an experimental COVID treatment he calls “true revenge” that weaponizes the virus against itself. The treatment, dubbed NMT5, was created by Scripps Research Institute’s Neurodegeneration New Medicines Center founding director Dr. Stuart Lipton and a team of scientists. It’s a derivative of memantine, an Alzheimer’s … Read more

China’s factory, services surveys suggest economy struggling to rebound

China Sept official manufacturing PMI above forecast Private survey shows factory activity contracted sharply Services sector activity growth slowed in Sept – official survey COVID curbs, softening foreign demand, property weakness weigh BEIJING, Sept 30 (Reuters) – China’s factory activity showed growth in September, but a slowdown in services sector growth and a downbeat private … Read more

Riverford: UK business needs long-term policies and stability | FT Food Revolution – Financial Times

Riverford: UK business needs long-term policies and stability | FT Food RevolutionFinancial Times

GLOBAL ECONOMY Asia’s factory activity weakens on global slowdown, cost pressures

Japan Aug PMI marks weakest growth since Jan last year Manufacturing activity shrinks in Taiwan, Malaysia Slowing China, US demand weighing on Asia’s economies TOKYO, Oct 3 (Reuters) – Asia’s factory output mostly weakened in September as slowing demand in China and advanced economies added to the pain from persistent cost pressures, surveys showed on … Read more