OPEC+ is looking to increase production ahead of restrictions on Russian oil

Group delegates said Saudi Arabia and other OPEC oil producers are discussing increasing production, in a move that could help heal the rift with the Biden administration and keep energy flowing amid new attempts to undermine Russia’s oil industry over the war in Ukraine. Delegates said increasing production by up to 500,000 barrels per day … Read more

Janet Yellen says some of Russia’s sanctions could extend beyond the end of the Ukraine war

Nusa Dua, Indonesia – US Treasury Secretary Janet Yellen said some sanctions on Russia could remain in place even after any final peace deal with Ukraine, raising the prospect of a long-term US effort to squeeze the Russian economy. Ms. Yellen said any final peace deal would include a review of the sanctions that the … Read more

Layoffs hit the tech sector as hard as Amazon, Lyft warns of economic downturn

The outlook for tech industry jobs worsened Thursday, with passenger carrier Lift a company LYFT -2.00% and Stripe Inc. Amazon.com a company AMZN -3.06% Saying it would freeze hiring companies for months. The outpouring of dismal news for the industry came as the Fed moved again to raise interest rates To combat inflation, signaling greater … Read more

J&J agrees to buy heart device maker Abiomed for $16.6 billion

Johnson & Johnson JNJ -0.19% I agreed to buy a heart device maker Abiomed a company In a deal worth $16.6 billion, the health products giant hopes to speed up the reform process into a smaller, faster-growing company. Under the terms, J&J has agreed to pay $380 per share up front, and will pay an … Read more

Inside a Chinese iPhone factory, Foxconn wrestles with the chaos of Covid

Hong Kong – Foxconn Technology 2354 -0.76% The group is scrambling to contain A Covid-19 outbreak for weeks At an iPhone factory in central China, trying to appease panicked and frustrated workers during a crucial period for smartphone orders. At Foxconn’s main facility in Zhengzhou, the world’s largest assembly site for apple a company AAPL … Read more

Europe investigates unexplained gas leak in Nord Stream pipelines

BERLIN – European authorities are investigating mysterious leaks on two currently closed Russian natural gas pipelines to Germany, with officials telling ships to stay away from the area. accidents for her No effect on gas supplies in Europe Since both links are not currently in use. Germany halted Nord Stream 2 pipelines in February due … Read more

Russian President Vladimir Putin says Xi Jinping has raised China’s concerns about the Ukraine war

Russian President Russian President Vladimir Putin He said he sought to address Beijing’s concerns Thursday about the Ukraine war in his first meeting with Chinese leader Xi Jinping since the conflict began, which recently led to the outbreak of the conflict. Major battlefield setbacks to Moscow. Mr. Putin told his Chinese counterpart that Moscow highly … Read more

Google is making cuts to its internal startup incubator

the alphabet a company The Google 0.53% Google has scaled back its support for an in-house startup incubator designed to kick-start product development, as CEO, Sundar Pichai Looking for areas to cut costs Following the slowdown in advertising sales growth. Two people said the unit known as Area 120 – which Mr Pichai started in … Read more