October 8, 2021 By Elizabeth Dilts Marshall NEW YORK (Reuters) – JPMorgan Chase & Co said Friday it was joining the United Nation’s Net-Zero Banking Alliance, a group of global banks that have committed to dramatically reducing their carbon financing and investment activities. As the largest U.S. bank and a major lender to the fossil […]
United Steelworkers accuse Exxon of union busting at Texas refinery
October 8, 2021 By Erwin Seba HOUSTON (Reuters) -The labor union representing workers locked out of a Exxon Mobil Corp refinery on Friday accused the oil firm of trying to “bust our union” by supporting efforts to officially remove the union with a decertification vote. Any vote would be tainted by “serious unfair labor practices,” […]
Oil rises 4% in week as energy crunch shows no signs of easing
October 8, 2021 By Jessica Resnick-Ault NEW YORK (Reuters) -Oil rose on Friday, gaining about 4% on the week as a global energy crunch boosted U.S. prices to their highest in almost seven years as big power users struggle to meet demand. Even with worldwide demand growing as economic activity rebounds from pandemic lows, the […]
Reactions to landmark global corporate tax deal
October 8, 2021 (Reuters) – Reactions were swift to a 136-country agreement announced by the Organisation for Economic Cooperation and Development on Friday setting a minimum global tax rate for big companies of 15% and making it harder for them to avoid taxation. U.S. PRESIDENT JOE BIDEN “For decades, American workers and taxpayers have paid […]
Bayer blasts ‘unscientific’ rejection by Mexican regulator of GMO corn permit
October 8, 2021 MEXICO CITY (Reuters) – Bayer is evaluating its legal options after Mexican health regulators for the first time rejected a GMO corn permit it was seeking, the German pharmaceutical and crop science giant said in a statement to Reuters on Friday, blasting the decision as “non-scientific.” Reuters reported earlier in the day […]
Yields rise, stocks waver after U.S. jobs data
October 8, 2021 By Herbert Lash and Tommy Wilkes NEW YORK/LONDON (Reuters) – Global equity markets wavered on Friday on a weak U.S. labor market report, and Treasury yields rose as investors still expect the Federal Reserve to begin tapering its massive bond purchases as early as next month. Yields on the benchmark 10-year U.S. […]
Shooting in Libya detention centre after migrant raids
October 8, 2021 TRIPOLI (Reuters) -At least six migrants were shot dead at a Tripoli detention centre on Friday, the head of the U.N. migration agency’s Libya mission said, as many reportedly escaped from the facility and others gathered in nearby streets. Overcrowding triggered chaos at the Ghot Shaal centre, with people sleeping in the […]
Facebook and Instagram went down again this afternoon
It’s been a rough week for Facebook, and it seems that Friday afternoon had no mercy for the tech giant. After one of their longest outages in company history on Monday, Facebook went down again on Friday afternoon. The outage affected all Facebook properties, including WhatsApp, Messenger, and Instagram. ut oh pic.twitter.com/NqA3xpWKsN — Matt Navarra […]
Fintech founders can learn a lesson about frugality from these industry leaders
Dave Mullen Contributor Share on Twitter Dave Mullen is an investor at SVB Capital, where he focuses largely on fintech, proptech and insurtech. Dave was previously an investor with Wells Fargo’s principal investment arm and is currently the proptech vertical lead for the EVCA. Venture-backed fintechs raised a record $30.8 billion in the second quarter […]
Despite preparation, California pipeline operator may have taken hours to stop leak
October 8, 2021 By Jessica Resnick-Ault and Nichola Groom LOS ANGELES (Reuters) -The company that operates the pipeline that spilled an estimated 3,000 barrels of oil into the Pacific Ocean off California has an 800-page manual on handling an oil spill – but it is unclear whether its employees followed those procedures. Houston-based Amplify Energy […]
White House blocks Trump attempt to withhold documents related to Jan 6 attack
October 8, 2021 By Jan Wolfe (Reuters) -The White House on Friday formally blocked an attempt by Donald Trump to withhold documents from Congress related to the Jan. 6 attack on the Capitol when he was U.S. president. Press Secretary Jen Psaki said President Joe Biden had authorized the National Archives, a government agency that […]
New Ebola case confirmed in eastern Congo -lab report
October 8, 2021 GOMA, Democratic Republic of Congo (Reuters) -A case of Ebola has been confirmed in eastern Democratic Republic of Congo, according to an internal report on Friday from the national biomedical laboratory, five months after the end of the most recent outbreak there. Congo’s health minister declined to confirm the information, but said […]
Facebook Messenger, Instagram facing issues for second time in a week
October 8, 2021 (Reuters) -Facebook Inc confirmed on Friday that some users were having trouble accessing its apps and services, days after the social media giant suffered a six-hour outage triggered by an error during routine maintenance on its network of data centers. Some users were unable to load their Instagram feeds, while others were […]
Former UBI top executives acquitted in governance trial – sources
October 8, 2021 MILAN (Reuters) – An Italian court on Friday acquitted the former top executives of UBI Banca in a trial over alleged governance irregularities at the regional bank now part of the Intesa Sanpaolo group, two legal sources said. Former UBI CEO Victor Massiah and Intesa Sanpaolo’s Honorary Chairman Giovanni Bazoli were both […]
Biden says global corporate tax agreement helps American working families
October 8, 2021 WASHINGTON (Reuters) – U.S. President Joe Biden on Friday welcomed a new global deal to ensure big companies pay a minimum tax rate of 15% and said it would help working families in America. “For decades, American workers and taxpayers have paid the price for a tax system that has rewarded multinational […]
Biden’s popularity rises slightly as coronavirus cases fall: Reuters/Ipsos poll
October 8, 2021 By Chris Kahn NEW YORK (Reuters) – U.S. President Joe Biden’s approval rating has increased somewhat over the past few weeks, according to Reuters/Ipsos polling, as coronavirus infection rates slowed. The latest national public opinion poll, conducted Oct. 6-7, found that 48% of U.S. adults approved of Biden’s performance in office, which […]
Romania in talks with Hungary over transferring COVID-19 patients
October 8, 2021 BUCHAREST (Reuters) – Romania is in talks about potentially transferring some COVID-19 patients to Hungary as Bucharest struggles with record high infections and a shortage of intensive care beds, deputy interior minister Raed Arafat said on Friday. Hungarian Foreign Minister Peter Szijjarto offered his country’s help in a letter over the weekend. […]
IsoPlexis, a company uncovering a ‘new layer’ of cell data, aims for $125M in market debut
Shares of IsoPlexis, a company creating tools to zoom in on the flurry of protein activity surrounding a single cell, began trading on Friday. The company aims to raise about $125 million with the IPO, which will be used to build the commercial team and advance the company’s plans to play a bigger part in […]
The pandemic put a spotlight on the need to invest in women founders
Diane Yoo Contributor Share on Twitter Diane Yoo is a results-driven entrepreneur and venture capitalist with more than 15 years of experience. Without a doubt, the COVID-19 pandemic created catastrophic effects in our communities, educational systems and, most importantly, our careers and overall global economy. The pandemic has also had a disproportionate effect on women’s […]
Years later, Eli Manning talks about 2004 draft-day trade
October 8, 2021 After 17 years, a career that led to two Super Bowl victories and a place in the top 10 of a number of all-time quarterback lists, Eli Manning finally talked about why he didn’t want to play for the San Diego Chargers, the team that drafted him No. 1 overall in 2004. […]
