October 8, 2021 By Kantaro Komiya TOKYO (Reuters) -Japan’s household spending fell more sharply than expected in August, as state of emergency curbs to combat the coronavirus pandemic weighed on consumption during the summer holiday season and risked undercutting the economy’s recovery. Friday’s government data bodes ill for new Prime Minister Fumio Kishida’s efforts to […]
Australia’s central bank sees risks in housing market “exuberance”
October 8, 2021 By Wayne Cole SYDNEY (Reuters) -Australia’s central bank on Friday warned that “exuberance” in a red-hot housing market was encouraging a build-up of debt that might destabilise the financial system, urging banks to maintain lending discipline amid the boom. In its semi-annual Financial Stability Review, the Reserve Bank of Australia (RBA) said […]
Sachem Head owns US Foods stake, plans to push for changes
October 8, 2021 By Svea Herbst-Bayliss NEW YORK (Reuters) – Investment firm Sachem Head Capital Management LP said on Thursday that it owns a stake in US Foods Holding Corp and plans to push for changes at the food service company. Sachem Head said it is being advised by food industry veteran Bernardo Hees, who […]
Samsung says Q3 profit likely highest in 3 years on rising chip prices
October 8, 2021 By Joyce Lee and Heekyong Yang SEOUL (Reuters) -Samsung Electronics Co Ltd said on Friday its third-quarter operating profit likely rose 28% to the highest in three years, helped by rising memory chip prices and display sales for smartphone makers’ new flagship launches. The world’s largest memory chip and smartphone maker estimated […]
Chinese markets return from break to more Evergrande angst
October 8, 2021 (Reuters) – China’s markets return on Friday after a seven-day break with barely any fresh insight of how regulators propose to contain the contagion from cash-strapped China Evergrande Group’s debt problems or even the firm’s own plans to sell its units. Evergrande is facing one of the country’s largest-ever defaults as it […]
Republican lawmakers accuse White House of pressuring airlines on vaccines
October 8, 2021 By David Shepardson (Reuters) – Two senior U.S. lawmakers on Thursday accused the White House of pressuring U.S. airlines to require their employees be vaccinated for COVID-19 by a Dec. 8 deadline for federal contractors or face firing. Representative Sam Graves, top Republican on the House Transportation and Infrastructure Committee, and Garrett […]
Yellen says having a debt ceiling has become increasingly damaging to U.S.
October 8, 2021 WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday she was pleased the Senate was moving toward suspending the debt limit but she added that having a debt ceiling has become increasingly damaging to the United States. “It’s led to a series of politically dangerous conflicts that have caused Americans […]
California bars forced non-disclosure clauses in severance agreements
October 8, 2021 By Paresh Dave (Reuters) – California will bar companies from requiring non-disclosure agreements in settlements with employees over workplace harassment claims under a bill signed into law on Thursday in a win for tech workers who championed the proposal. The Silenced No More Act had been co-sponsored by Ifeoma Ozoma, who quit […]
Biden calls on more U.S. businesses to require COVID-19 vaccinations
October 8, 2021 By Jeff Mason ELK GROVE VILLAGE, Ill. (Reuters) -President Joe Biden on Thursday said more U.S. businesses should obligate workers to receive COVID-19 vaccinations, calling the move vital to ending the pandemic and sustaining the economy. “Today I’m calling on more employers to act,” Biden said. “My message is: Require your employees […]
Biden says U.S. will ‘deal’ with violence on airplanes
October 8, 2021 By David Shepardson WASHINGTON (Reuters) – U.S. President Joe Biden said on Thursday he had instructed the Justice Department to “deal” with the rising number of violent incidents onboard airplanes, many involving the requirement to wear face coverings. “I’ve instructed the Justice Department to make sure that we deal with the violence […]
Argentine judge says there was no crime in case against ex-President Fernandez
October 8, 2021 BUENOS AIRES (Reuters) – An Argentine judge ruled on Thursday that there was no crime in the case filed against former President Cristina Fernandez de Kirchner over an alleged cover-up of Iran’s possible role in the 1994 bombing of a Jewish community center that killed 85 people. The case made international news […]
Flames F Blake Coleman suspended for boarding
October 8, 2021 The NHL suspended Calgary Flames forward Blake Coleman for one preseason game and one regular season game on Thursday for boarding Winnipeg Jets forward Jansen Harkins. Coleman was assessed a two-minute penalty at 6:17 of the second period in Wednesday’s preseason game in Winnipeg. Harkins left briefly before returning to the contest. […]
U.S. Senate votes to raise debt ceiling, averting catastrophic default
October 8, 2021 WASHINGTON (Reuters) – Legislation to raise the U.S. federal borrowing authority by $480 billion and avoid possible catastrophic debt defaults later this month drew enough support in the Senate on Thursday to advance toward passage. (Reporting by Richard Cowan and Makini Brice, Editing by Rosalba O’Brien) Source Link U.S. Senate votes to […]
French ambassador says Australia ‘childish’ to keep U.S. subs pact secret
October 8, 2021 CANBERRA (Reuters) – Australia’s assertion that it could not inform France of its top-secret talks with the United States and Britain to build nuclear submarines is “childish”, the French envoy to Canberra said on Friday. Australia walked away from a $40 billion deal with France’s Naval Group to build a fleet of […]
US electronics firm struck deal to transport and hire Uyghur workers
October 8, 2021 By Cate Cadell QINZHOU, China (Reuters) -U.S. remote-control maker Universal Electronics Inc told Reuters it struck a deal with authorities in Xinjiang to transport hundreds of Uyghur workers to its plant in the southern Chinese city of Qinzhou, the first confirmed instance of an American company participating in a transfer program described […]
SoftBank-backed Korean edtech startup Riiid acquires Langoo, expands in Japan
Riiid, a South Korea-headquartered AI-powered edtech company, acquired its Japanese distribution partner Langoo to expand its Japan footprint. The acquisition comes after the company’s latest $175 million Series D round from SoftBank’s Vision Fund 2 in May. Riiid has said it will continue to fuel its global expansion with the funding. Langoo, Riiid’s partner in […]
Boxing-Boxing offers escape valve for favela children in Brazil
October 7, 2021 SAO PAULO (Reuters) – When 13-year-old Mariangela Pereira da Silva was accosted by a strange man near her home earlier this year she was frightened. She felt she had to do something and a bar of chocolate helped her reach a decision. A local NGO was offering chocolate to anyone who wanted […]
IMF chief Georgieva’s lawyer claims data probe violated World Bank staff rules
October 7, 2021 By David Lawder and Andrea Shalal WASHINGTON (Reuters) – Lawyers who investigated World Bank data-rigging allegations against IMF Managing Director Kristalina Georgieva violated World Bank staff rules by failing to notify her that she was a subject of the probe and by not allowing her to respond to its findings, Georgieva’s attorney […]
Tesla moving headquarters to Texas from California
October 7, 2021 By Hyunjoo Jin SAN FRANCISCO (Reuters) -Tesla Inc Chief Executive Elon Musk said on Thursday the electric carmaker plans to move its headquarters from Palo Alto, California, to Austin, Texas. Musk spoke at Tesla’s annual shareholders’ meeting at its car and battery factory complex in Austin, which is under construction. Shareholders followed […]
Sydney readies to exit lockdown amid concerns over faster reopening plans
October 7, 2021 SYDNEY (Reuters) – An Australian doctors group warned that a too-rapid easing of COVID-19 restrictions in Sydney could put pressure on health systems and risk lives, as the country’s biggest city prepares for an end to more than 100 days in lockdown. Many restrictions are due to be lifted on Monday after […]
