Stories from Reuters
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Mercedes Benz to pay $5.5 million
Payment to resolve a lawsuit over diesel advertising claim
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Oil falls $2 on China Covid surge
Virus cases dash hopes of China’s economy reopening
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Nineteen dead in Egypt after bus falls into canal, health ministry says
Bus was carrying some 35 people when it derailed on a highway
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Chinese seek economical brands
Strict Covid-19 curbs, economic uncertainty weighed on the shopping extravaganza
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Further details emerge on FTX bankruptcy
Bankman-Fried secretly transferred $10 billion of customer funds from FTX
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‘India can continue buying Russian oil’
Yellen says price cap will still drive global oil prices lower while curbing Russia’s revenues
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Half a million workers drop out
UK inflation at a 40-year high
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$100 oil real risk to economy: IEA
IEA head surprised by OPEC+ decision to cut output
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Meta slashes workforce by 11,000
Also plans to cut discretionary spending, extend hiring freeze through Q1 of 2023
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China willing to compensate for climate damage
Dialogue between US and China crucial to combating climate change