BEIJING (Reuters) – China’s factory activity contracted at a slower pace in May as COVID-19 curbs in major manufacturing hubs were relaxed, but movement controls still depressed domestic demand, restrained production and weighed on the economy in the second quarter.FILE PHOTO: Employees work on the production line during an organised media tour to a factory of Beijing Benz Automotive Co […]

London (CNN Business)Denmark and the Netherlands could become the latest European countries to have their deliveries of Russia’s natural gas cut off. On Monday, Danish energy company Ørsted and Dutch gas trading firm GasTerra warned Russia could turn off the taps as soon as Tuesday because they had refused to make payments in rubles — just weeks after Moscow did […]

European stocks are likely to open on a sluggish note Tuesday after Snapchat owner Snap Inc. issued a profit warning and announced plans to slow hiring and spending, reviving fears of recession and inflation hurting corporate earnings. As worries of runaway inflation mount, investors now await a speech by Fed Chair Jerome Powell due later in the day and the […]

The share of Americans working from home skyrocketed during the pandemic. A recent Gallup study found that 45% of full-time workers in the United States – and two-thirds of white-collar workers – were doing their job remotely at least some of the time. The shift is proving to be a positive development for millions of Americans. Gallup reports that over […]

Higher futures, firm European markets and modestly higher crude oil prices point to a positive start for stocks on Wall Street Monday morning. The Dow futures are up nearly 1 percent. The Nasdaq futures are surging up 0.88 percent and the Nasdaq futures are gaining 0.6 percent. Traders are likely to indulge in hectic bargain hunting after stocks suffered some […]

Coal production by Coal India (CIL) has grown slower than the captive mines, awarded over the last six years. During 2020-22, production from the captive mines jumped by 38.5 per cent while CIL saw a tepid growth of 3.4 per cent, according to government data. In terms of dispatch to the power sector, captive mines have raced ahead, witnessing a […]

George Shapiro, the deeply respected talent manager, producer and co-founder of Shapiro/West & Associates, died Thursday evening of natural causes at his home in Beverly Hills. He was 91. Along with his partner and childhood friend Howard West, Shapiro was personal manager to comedy greats Jerry Seinfeld, Andy Kaufman and Carl Reiner, among others. He and West would go on […]

In a wide-ranging interview published today in the New York Times, Netflix co-CEO Ted Sarandos has doubled down on his prior defenses of artistic freedom, backing comedians Dave Chappelle and Ricky Gervais. Both comics are under fire in some quarters for perceived digs at transgender people. The controversies prompted some Netflix employees to stage an earlier walk-out protest. In the […]

Food products maker J. M. Smucker Co. has recalled select Jif peanut butter products sold in the United States due to potential Salmonella contamination, the U.S. Food and Drug Administration said. The recall involves various creamy, crunchy, natural, no added sugar, and reduced fat peanut butter, among others with lot codes 1274425 – 2140425. The recalled peanut butter was distributed […]