Russian oil exports to Europe have plunged 90% from historical levels with just two weeks left until Europe’s complete ban on seaborne crude deliveries from Russia. Russian diesel exports to the bloc, meanwhile, are surging.
Amazon is testing Sparrow, an artificial-intelligence-driven robotic arm capable of handling objects of varying shapes, that promises to streamline picking and packing operations at the heart of its distribution centers.
Just over 10% of qualifying Americans have received an updated COVID-19 booster tailored to Omicron, according to the CDC. Florida, Louisiana, Mississippi and Alabama have the lowest vaccination levels.
Rising U.S. cases of various respiratory viruses, including COVID-19, are putting strain back on hospitals after pressures eased over the summer and early fall.
Over two-thirds of non-hospitalized patients infected with COVID-19 in the first wave of the pandemic developed long-COVID, new research shows.
Mexico’s economy likely grew by 5% year over year in October, government officials said.
A closely watched inflation indicator in Japan hit a record 1.1% in October, in a sign of rising pressure from raw material and labor costs.
The world’s worst energy crisis since the 1970s will have an outsized impact on Europe, even as most other regions avoid recession, according to the Organization for Economic Cooperation and Development.
The European Central Bank’s next interest-rate hike will likely be another 75 basis points, policymakers suggested.
Israel’s central bank raised its benchmark interest rate by 50 basis points Monday and signaled more rate hikes are in the pipeline.
China’s central bank announced nearly $28 billion in loan support for major commercial banks to support housing demand and reduce property risk spillover.
India expects bilateral trade with Australia to surge almost 50% to around $45 billion over the next five years.
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