Page 917 - Reuters%20/t%20_blank%20

Tesla pauses all hiring. Need to cut staff by 10%, says Elon Musk

Tesla CEO Elon Musk said he had a "super bad feeling" about the economy and that the electric carmaker needed to cut staff by around 10%

Zelenskyy expects more weapons as battle for Ukraine's east rages

Russia's forces now occupy about 20% of Ukraine's territory, according to Ukainian President Volodymyr Zelenskyy

Solid US job growth anticipated in May; unemployment rate seen at 3.5%

The Labor Department's closely watched employment report on Friday, also expected to show strong wage gains last month

Ukraine waits for West to tip balance against Russia after 100 days of war

With casualties mounting and some delays in Western capitals with deliveries, Ukrainian officials fear the relief may not come quickly enough

Indian mills waiting to export 1.5 MT sugar after selling 8.5 MT: Report

India has exported around 8.5 million tonnes of sugar since the current season began on Oct 1, with exporters likely to contract another 1.5 million tonnes for overseas sales in the next five months

PMI: Service activity touches 11-year high of 58.9 in May on strong demand

Overall demand rose at the fastest pace since July 2011 as economic activity continued to normalise with the lifting of pandemic restrictions

Dollar wobbles as traders await update on US jobs data, cues on Fed hike

Markets have locked in consecutive 50-basis-point Fed hikes in June and July but the dollar has been pushed around this week by uncertainty about what happens after that

Oil prices steady on doubts OPEC+ hike can make up Russian deficit

Oil prices were roughly unchanged on Friday, clinging to gains made in the previous session

Sheryl Sandberg's exit may not be a big blow for Facebook-parent Meta

As second-in-command to founder and Chief Executive Mark Zuckerberg, Sandberg transformed Facebook from a buzzy startup into a technology behemoth and helped grow its ad revenue to over $100 billion

US technology sector sees record job cuts in May amid rising inflation

It is the highest monthly total since December 2020 when tech companies cut as many as 5,253 jobs

Crisis-hit Sri Lanka seeks to secure around $5 billion for import payments

Sri Lanka's foreign exchange reserves stood at $1.81 billion in April

OPEC+ brings forward oil output rises as Joe Biden's Saudi visit looms

US President Biden's looming visit to Saudi Arabia seen as trigger for decision

Govt weighs panel to rule on appeals against social media content takedowns

Social media firms are already required to have an in-house grievance redressal officer and designate executives to co-ordinate with law enforcement officials.

Oil prices rise after US crude inventories drawdowns, supply tightness

US crude oil stockpiles fell last week by 5.1 million barrels to 414.7 million barrels, compared with analysts' expectations in a Reuters poll for a 1.3 million-barrel drop.

A coming crypto storm for central banks? Focus on digital money intensifies

Fed is debating whether to develop a digital currency, as are most central banks around the world. A decision has not been made, and officials say it would take congressional approval to move forward

'Nein danke': Tesla CEO Musk's office ultimatum faces pushback in Germany

The IG Metall union in Berlin-Brandenburg-Sachsen, where Tesla's plant is located, said it would support any employee who opposed Musk's ultimatum

Growth stocks lead Wall St higher in choppy trade; eyes on jobs report

Microsoft down after trimming forecast due to FX impact; consumer discretionary and materials were the top gainers, up 1.9% and 2.1%, respectively

Gold rises over 1% buoyed by dollar slide, weak US private payroll data

"(The job data) is really raising the recession concerns that have been brewing in the market and supporting gold," said Ryan McKay, commodity strategist at TD Securities

Coal India to issue two tenders for imported coal to address local shortage

Officials are rushing to make more coal available for utilities as shortages in July-September quarter are expected to be 15% wider than intitially estimated due to expectations of higher power demand

Dollar retreats as investors reach for riskier, higher-yielding currencies

By Saqib Iqbal Ahmed