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Volodymyr Zelenskiy said on Friday Russian forces have lost at least a brigade worth of troops trying to advance on Ukraine's eastern town of Avdiivka. Russia renewed a push to encircle the embattled town in mid-October, trying to overwhelm Ukrainian positions with constant barrages of artillery and waves of troops and fighting vehicles, according to local and military authorities in Ukraine. «The invaders made several attempts to surround Avdiivka, but each time our soldiers stopped them and threw them back, causing painful losses. In these cases, the enemy lost at least a brigade,» Zelenskiy told British Prime Minister Rishi Sunak in a phone call, the president's office said in a statement. Reuters could not independently verify the assertion and there was no immediate comment from Russia. Brigades vary in size and can number between 1,500 and 8,000 troops.

Investing.com — Oil ended one of its most volatile weeks for the year with a 3% loss as traders raced from one headline to another on the Middle East conflict that brought warring parties Israel and Hamas no closer to a solution despite intense mediation by the United States and other global powers.

By Lucia Mutikani

By Elvira Pollina

Reuters reported. This comes after Sanofi decided to reconsider the 32% profit target for 2025 to focus on "long-term profitability". The drugmaker has decided to increase the spending on immunology and inflammation drug development.

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By Hari Kishan

By Alexander Marrow and Elena Fabrichnaya

WASHINGTON (Reuters) — U.S. consumer spending increased more than expected in September, keeping it on a higher growth path heading into the fourth quarter, while monthly inflation was elevated.

The escalation and de-escalation of the Israel-Hamas war has led to on-again, off-again risk premium for oil

rupee ended little changed after trading in a narrow range on Friday on a lack of fresh triggers and amid intermittent dollar sales by the central bank to prevent a fall towards the record low. The rupee closed at 83.2450 against the U.S. dollar compared with its close at 83.23 in the previous session. The central bank likely sold dollars on Friday near 83.25 levels but the intervention was not aggressive, traders said.

Huawei Technologies saw a slight uptick in revenue in the first three quarters of 2023, with the company citing growth in its digital power and cloud businesses as well as the growing competitiveness of its vehicle components unit. Huawei posted revenues of 456.6 billion yuan ($62.4 billion) for the first three quarters of the year, up 2.4% from a year earlier.

Intel forecast fourth-quarter revenue and margins above Wall Street estimates on Thursday, optimistic about a healthy rebound in personal computer sales, improvement in its data center business, and a growing lineup of customers seeking its manufacturing services. While Intel remains under heavy competitive pressure from Nvidia in the data center chip market, the easing PC slump and stabilization of its server chip business helped raise gross margins faster than analysts had expected. The company's executives had warned that it could take well into next year for margins to rise significantly.

Joe Biden has sent a rare message to Iranian Supreme Leader Ayatollah Ali Khamenei warning Tehran against targeting U.S. personnel in the Middle East, the White House said on Thursday after a spate of attacks on American forces in the region. «There was a direct message relayed,» White House spokesman John Kirby said at a news briefing, declining to elaborate. Iran's mission to the United Nations did not immediately respond to a request for comment. U.S. officials want to avoid a wider conflict in the Middle East following the Oct. 7 attack by the militant Hamas group on Israel that killed at least 1,400 people, mostly civilians. About 900 additional U.S. troops are headed to the region or have recently arrived there to bolster air defenses to protect U.S. personnel amid a surge in attacks in the region by Iran-affiliated groups, the Pentagon said.

By Amina Niasse

U.S. Oil and Gas Association president Tim Stewart breaks down the Biden admin's energy policies on 'The Bottom Line.'

The government has launched the park to bolster the e-CNY ecosystem and payment solutions using the digital yuan. Residents are incentivised to move to the park for up to three years of free rent and loans. Commercial banks are being offered up to 20 million yuan to settle there, and start ups are offered up to 50 million yuan.

(Reuters) -The Federal Reserve Board on Thursday ended the enforcement action on Citigroup from 20 15 that required the lender to revamp its risk management practices, sending the shares of the lender up 2.1% in morning trading.

(Reuters) — Goldman Sachs on Thursday launched an institute to offer its clients insights on geopolitics and technology, according to an internal memo seen by Reuters.

By Rodrigo Campos and Jorgelina do Rosario

OTTAWA (Reuters) — The Bank of Canada (BoC) may not have to raise its key overnight rate further if inflation cools in line with the central bank's expectations, Governor Tiff Macklem said in an interview with the Canadian Broadcasting Corp.