Oil prices soar after Russian crude sanctions take effect

Oil futures rise slightly after falling more than 3% in last session G7 price cap on Russian oil goes into effect China set to further ease COVID controls Dec 6 (Reuters) – Oil rebounded on Tuesday after plunging more than 3% in the previous session as the implementation of sanctions on Russian maritime crude eased … Read more

US Army awards Black Hawk replacement contract to Textron’s Bell

WASHINGTON, Dec 5 (Reuters) – The U.S. military on Monday awarded the contract for its next-generation helicopter to Textron Inc’s Bell Unit (TXT.N), ending a years-long competition for the technology that will replace the Black Hawk utility helicopter. . The Army’s “Future Vertical Lift” competition was aimed at finding a replacement as the Army seeks … Read more

Beijing drops COVID testing burden with broader easing

Testing is no longer necessary for supermarkets, offices Latest in a series of nationwide easing measures Curbs sparked widespread protests last month New national rules expected as early as Wednesday – sources BEIJING, Dec 6 (Reuters) – Residents of China’s capital Beijing were allowed to enter supermarkets, offices and airports on Tuesday without having to … Read more

Wall St slips as services data spooks investors over Fed rate hikes

U.S. service sector activity picks up in November Tesla cuts Shanghai factory production plan for December – sources All S&P 500 sectors pull back, with energy stocks hit hard Indices down: Dow 1.4%, S&P 1.79%, Nasdaq 1.93% Dec 5 (Reuters) – U.S. markets ended lower on Monday as investors spooked by better-than-expected data from the … Read more

Ukraine hails air defenses after heavy Russian missile strikes

KYIV, Dec 5 (Reuters) – Russia rained long-range missiles on Ukraine on Monday, killing two people, destroying homes in the southeast and causing power cuts, but Kyiv said its defenses air had limited the damage. Air raid sirens sounded across the country and men, women and children crowded into the capital’s cavernous subway system for … Read more