October 7, 2021 By Jamie Freed (Reuters) – Air New Zealand Ltd is operating less than one-third of its usual domestic capacity due to tough COVID restrictions in Auckland and doubts whether a travel bubble with Australia will reopen, the airline’s chief executive said on Thursday. “We’re running almost 100% outside of Auckland,” Air New […]
Air New Zealand reels from Auckland curbs, Australia bubble loss
October 7, 2021 By Jamie Freed (Reuters) – Air New Zealand Ltd is operating less than one-third of its usual domestic capacity due to tough COVID restrictions in Auckland and doubts whether a travel bubble with Australia will reopen, the airline’s chief executive said on Thursday. “We’re running almost 100% outside of Auckland,” Air New […]
German industrial output slumps in August on supply chain woes
October 7, 2021 BERLIN (Reuters) – German industrial output dropped by far more than expected in August due to supply chain disruptions that are holding back growth in Europe’s biggest economy, official data showed on Thursday. The Federal Statistics Office said industrial output fell by 4.0% on the month after an increase of 1.3% in […]
Russia’s Gazprom feels the heat over Europe’s red-hot gas prices
October 7, 2021 By Katya Golubkova and Vladimir Soldatkin MOSCOW (Reuters) -Europe’s biggest gas firms say the continent’s top supplier Gazprom is fulfilling its long-term contracts yet the Russian energy giant remains at the centre of a dispute about whether it could do more to ease the price pain in a red-hot spot market. The […]
Tesla’s gigafactory electrifies California-Germany culture clash
October 7, 2021 By Victoria Waldersee BERLIN (Reuters) – With final approval for its German factory potentially just weeks away, Tesla’s Elon Musk will make an appearance in the tiny town of Gruenheide this Saturday to host a county fair. Despite pandemic-related curbs limiting gatherings in Germany to under 5,000 people, Tesla applied for – […]
BOJ gloomier on regional economies due to auto output disruptions
October 7, 2021 By Leika Kihara TOKYO (Reuters) -The Bank of Japan cut its economic assessment for five of the country’s nine regions on Thursday as supply constraints disrupted factory output of cars and other products, clouding the outlook for the export-reliant economy. In a sign of the broadening damage from the global chip and […]
Analysis-Will Washington truce stick? Wall St assesses U.S. debt ceiling risk
October 7, 2021 By Karen Pierog (Reuters) – An apparent truce in the U.S. debt-ceiling standoff in Congress has offered some relief to Wall Street investors on edge about a possible debt default, but analysts are left assessing the risk of a repeat crisis as the year closes out. The heads of major banks and […]
Indonesia’s race to preserve habitat of Javan gibbon
October 7, 2021 By Budi Purwanto PETUNGKRIYONO FOREST, Indonesia (Reuters) – Indonesian officials and researchers are working to preserve a small pocket of forest on the heavily populated island of Java as the habitat of the Javan gibbon, which they say is endangered by climate change and human encroachment. Also known as the silvery gibbon, […]
Big banks target South Africa’s informal saving clubs’ cash
October 7, 2021 By Emma Rumney JOHANNESBURG (Reuters) – Thandi Mkhabela’s money used to slip through her fingers. Now the 34-year-old mother of four earns interest on monthly savings, has paid off debts and is planning to extend her house in a township just outside Johannesburg, without ever dealing with a bank. Mkhabela’s improved financial […]
Climate change set to worsen resource degradation, conflict, report says
October 7, 2021 By Isla Binnie MADRID (Reuters) – A vicious cycle linking the depletion of natural resources with violent conflict may have gone past the point of no return in parts of the world and is likely to be exacerbated by climate change, a report said on Thursday. Food insecurity, lack of water and […]
BOJ cuts economic view for 5 of Japan’s 9 regions
October 7, 2021 TOKYO (Reuters) – The Bank of Japan cut its assessment for five of the country’s nine regions on Thursday as the economy took a hit from supply constraints and a spike in coronavirus infections during the summer. “While some regions saw the rebound in their economies moderating, many maintained the view that […]
Exclusive-Lawyers warn EU against labelling gas as a ‘green’ investment
October 7, 2021 By Kate Abnett and Simon Jessop BRUSSELS (Reuters) – The environmental law firm ClientEarth has warned the European Union that it would be breaching its own laws if it labels investments in gas-fuelled energy as “green” in upcoming finance regulations. In a Wednesday letter to the bloc’s executive seen by Reuters, ClientEarth […]
Soccer-Australia sets up independent complaints body after abuse allegations
October 7, 2021 SYDNEY (Reuters) -Football Australia (FA) announced an independent complaint management procedure on Wednesday after recently retired international striker Lisa De Vanna said she had been the victim of sexual assault, harassment and bullying during her career. De Vanna made her initial allegations in response to a Twitter post by Megan Rapinoe, in […]
Indonesian parliament passes major tax overhaul bill
October 7, 2021 JAKARTA (Reuters) – Indonesia’s parliament on Thursday passed into law the government’s proposals to overhaul tax regulations, deputy speaker Muhaimin Iskandar said, including raising the value added tax rate next year and scrapping a planned corporate tax cut. The law also brings in a 35% income tax for those earning more than […]
Google rivals want EU lawmakers to act via new tech rules
October 7, 2021 By Foo Yun Chee BRUSSELS (Reuters) – DuckDuckGo and three other search engine rivals to Google on Thursday urged EU lawmakers to take action against the Alphabet unit via new tech rules, saying they have yet to see positive results from an antitrust ruling against Google. The European Commission in 2018 levied […]
OPEC+ caution and money behind reluctance to pump more oil-sources
October 7, 2021 By Alex Lawler, Ahmad Ghaddar and Olesya Astakhova LONDON/MOSCOW (Reuters) -OPEC+’s decision on Monday to stick with a plan to raise oil output modestly and gradually, despite prices surging to multi-year highs, was partly driven by concern that demand and prices could weaken, sources close to the group told Reuters. The other […]
New Japan leader likely to stick to economic policy -Fitch
October 7, 2021 TOKYO (Reuters) – Japan’s new Prime Minister Fumio Kishida is likely to continue the broad economic policies of predecessors Shinzo Abe and Yoshihide Suga, including support for the central bank’s massive stimulus programme, ratings agency Fitch said on Thursday. “The economy should benefit in the near term from an ebbing of the […]
Australia resources minister floats A$250 billion coal lending facility
October 7, 2021 MELBOURNE (Reuters) – Australia’s resources minister has proposed setting up a government-run A$250 billion ($180 billion) lending facility for the country’s coal industry in return for supporting a net zero carbon emissions target for 2050, he said on Thursday. Resources minister Keith Pitt, a member of the junior coalition partner National Party, […]
Artist Marina Abramovic’s ‘Crystal Wall of Crying’ commemorates Jews killed in Babyn Yar massacre
October 7, 2021 By Margaryta Chornokondratenko KYIV (Reuters) – A group of people walks slowly in silence past a stand-alone thick wall made of coal with large quartz crystals sticking out of it. People pause to touch the crystals and stand close to the 40-meter-long structure, some with eyes closed. “The Crystal Wall of […]
Exclusive-Northvolt plots EV battery grab with $750 million Swedish lab plan
October 7, 2021 By Helena Soderpalm and Supantha Mukherjee STOCKHOLM (Reuters) – Northvolt plans to invest $750 million expanding its laboratory facility in Sweden, a top executive said, to meet soaring demand for lithium-ion batteries as carmakers go electric. As it aims to take on major Asian players such as CATL and LG Chem, Northvolt […]
