INDS

Russia seizes control of Sakhalin gas project, raises stakes with West

Russia seizes control of Sakhalin gas project, raises stakes with West

Putin signed decree to secure all rights on Thursday Five-page decree follows tightening Western sanctions Move raises risks for Western firms still in Russia Shell was already in talks to sell up Sakhalin stake TOKYO/LONDON, July 1 (Reuters) – President Vladimir Putin has raised the stakes in an economic war with the West and its …

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S&P 500 closes the book on its steepest first-half slide since 1970

S&P 500 closes the book on its steepest first-half slide since 1970

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 22, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register U.S. May consumer spending rises moderately; inflation stays hot Nasdaq notches biggest-ever Jan-June percentage drop Indexes down: Dow 0.82%, S&P 0.88%, Nasdaq 1.33% …

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Crypto crash threatens North Korea's stolen funds as it ramps up weapons tests

Crypto crash threatens North Korea’s stolen funds as it ramps up weapons tests

SEOUL, June 29 (Reuters) – The nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, four digital investigators say, threatening a key source of funding for the sanctions-stricken country and its weapons programmes. North Korea has poured resources into stealing cryptocurrencies in recent years, making it a …

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Legal clashes await U.S. companies covering workers' abortion costs

Legal clashes await U.S. companies covering workers’ abortion costs

June 27 (Reuters) – A growing number of large U.S. companies have said they will cover travel costs for employees who must leave their home states to get abortions, but these new policies could expose businesses to lawsuits and even potential criminal liability, legal experts said. Amazon.com Inc (AMZN.O), Apple Inc (AAPL.O), Lyft Inc (LYFT.O), …

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Large U.S. law firms mostly quiet on abortion ruling, are walking a 'tightrope'

Large U.S. law firms mostly quiet on abortion ruling, are walking a ‘tightrope’

June 26 (Reuters) – The largest U.S. law firms did not take a public stance following the U.S. Supreme Court’s reversal of Roe v. Wade on Friday, diverging from the approach of some major companies that have made statements on the closely watched abortion case. The high court’s 6-3 Dobbs decision upheld a Republican-backed Mississippi …

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China's May industrial profits slump again despite easing COVID curbs

China’s May industrial profits slump again despite easing COVID curbs

BEIJING, June 27 (Reuters) – Profits at China’s industrial firms shrank at a slower pace in May following a sharp fall in April, as activity in major manufacturing hubs resumed, but COVID-19 restrictions still weighed on factory production and squeezed factory margins. Profits fell 6.5% from a year earlier, less than the 8.5% decline in …

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Disney, other U.S. companies offer abortion travel benefit after Roe decision

Disney, other U.S. companies offer abortion travel benefit after Roe decision

NEW YORK, June 24 (Reuters) – U.S. companies including Walt Disney Co (DIS.N) and Facebook parent Meta Platforms Inc (META.O) said on Friday they will cover employees’ expenses if they have to travel for abortion services after the U.S. Supreme Court overturned Roe v Wade. The U.S. Supreme Court on Friday overturned the landmark 1973 …

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Exclusive: After pressure from Toyota chief, Japan emphasized support for hybrids

Exclusive: After pressure from Toyota chief, Japan emphasized support for hybrids

TOKYO, June 24 (Reuters) – Toyota Motor Corp’s (7203.T) chief lobbied the Japanese government to make clear it supported hybrid vehicles as much as battery electrics or face losing the auto industry’s support, a senior lawmaker told a ruling party meeting. The lobbying by Akio Toyoda, president of Toyota and chairman of the Japan Automobile …

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Biden administration leans on Tesla for guidance in renewable fuel policy reform

Biden administration leans on Tesla for guidance in renewable fuel policy reform

June 23 (Reuters) – U.S. President Joe Biden rarely mentions electric car maker Tesla Inc (TSLA.O) in public. But privately his administration has leaned on the company to help craft a new policy to allow electric vehicles (EVs) to benefit from the nation’s lucrative renewable fuel subsidies, according to emails reviewed by Reuters. The Biden …

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