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Real-time News
Five sources say Chevron (CVX.N) is exploring the option of acquiring overseas assets of Russias Lukoil.Google: Will invest in building two new connectivity hubs across the Indian Ocean region.On November 17th, Bank of England Monetary Policy Committee member Mann warned that businesses are still reacting to high inflation, indicating that policymakers are far from relaxing their efforts to curb price pressures in the economy. Mann stated on Monday that "there is still work to be done" to bring inflation back to the 2% target. She noted that there are signs that businesses remain highly focused on inflation when formulating their pricing strategies for the coming year. Mann pointed out, "As a policymaker, this means there are still upside risks to the intrinsic drivers of inflation. In a high-inflation environment, there is a price asymmetry: businesses are more likely to raise prices than lower them." As one of the most hawkish members of the Monetary Policy Committee, Mann has consistently advocated maintaining tight interest rates to prevent inflation from solidifying above the target.A U.S. appeals court is expected to hear arguments from families on Monday who are urging the court to reinstate more than 500 lawsuits against Kenvue, the maker of Tylenol, after the Trump administration publicly promoted claims that the widely used painkiller was linked to childhood autism.Federal Reserve Vice Chairman Jefferson: As a monetary policy maker, I have no opinion on deposit insurance reform; that should be decided by elected officials.
