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Reuters News & Breaking Stories

WeWork's Potential Bankruptcy Filing
  • 1st Nov 2023

WeWork's Potential Bankruptcy Filing

WeWork's potential bankruptcy filing next week comes as no surprise, as the company's shares have plummeted and it has struggled with debt payments.

More bipartisan Senate bills curb US child labor
  • 26th Oct 2023

More bipartisan Senate bills curb US child labor

Lawmakers in the United States have introduced two Senate bills to address child labor violations, while a third bill aims to protect unaccompanied migrant children. The bills include measures to increase reporting requirements, disclose labor infractions, and penalize companies that violate child labor laws. The legislation follows a significant increase in child labor cases in the US.

Biden Eases Sanctions on Venezuelan Oil; Republicans Howl
  • 19th Oct 2023

Biden Eases Sanctions on Venezuelan Oil; Republicans Howl

The US Treasury Department has announced that it will temporarily lift sanctions on Venezuelan oil exports and gold for six months, with the option to amend or revoke the authorizations if President Maduro fails to fulfill his commitments. The move has drawn criticism from Republicans, who argue that it supports oppressive regimes and threatens US national security. However, Latin American scholars and energy analysts see it as a positive step towards stabilizing Venezuela's oil industry, which has been plagued by underinvestment and mismanagement.

Russia Putin OPEC+ cuts stay
  • 11th Oct 2023

Russia Putin OPEC+ cuts stay

Putin signals that OPEC+ coordination will continue to ensure predictability in the oil market and suggests supply cuts will endure until 2024.

FedEx suspends Israel freighter flights
  • 10th Oct 2023

FedEx suspends Israel freighter flights

FedEx Express has suspended inbound and outbound flights to Israel after a large attack by Hamas insurgents from Gaza over the weekend. Other cargo operators are trying to keep air cargo traffic flowing during the war despite the risk in the air and at Tel Aviv airport.

What is Hezbollah in Lebanon?
  • 8th Oct 2023

What is Hezbollah in Lebanon?

Hezbollah targeted Israeli military positions in the disputed Shebaa Farms, leading to artillery barrages from Israel. No casualties reported.

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