October 5, 2021 WASHINGTON (Reuters) – U.S. President Joe Biden said on Tuesday that he has spoken to Chinese President Xi Jinping about Taiwan and they agreed to abide by the Taiwan agreement. “I’ve spoken with Xi about Taiwan. We agree … we’ll abide by the Taiwan agreement,” he said. “We made it clear that […]
Indigenous protesters in Peru take over Petroperu pipeline
October 5, 2021 By Marco Aquino LIMA (Reuters) – Around 200 indigenous Peruvians have taken over the facilities of a pipeline station of Petroperu, the state-owned company said on Tuesday, as part of a protest by Amazon native groups demanding better economic and social support in the area. Residents in the Manseriche district of northern […]
UK PM Johnson to announce a rise in minimum wage within weeks -The Times
October 5, 2021 (Reuters) – UK Prime Minister Boris Johnson will announce a rise in the minimum wage within weeks, as he pledges to end the “broken” model of a low-wage, low growth economy, The Times newspaper reported. Johnson will accept recommendations of independent advisers that are likely to boost the pay of the lowest […]
Class action filed against NZ’s a2 Milk
October 5, 2021 (Reuters) – A2 Milk Co Ltd said on Wednesday Australian law firm Slater and Gordon has filed a class action lawsuit against the dairy company on behalf of investors who bought its shares over nine months during which it posted multiple earnings downgrades. The lawsuit, which was filed in the Supreme Court […]
Australia banking watchdog tightens home loan requirements
October 5, 2021 SYDNEY (Reuters) – Australia’s banking regulator on Wednesday tightened restrictions on home lending as rapid loan growth fed surging prices and posed a risk to financial stability. The Australian Prudential Regulation Authority (APRA) increased the minimum interest rate buffer it expects banks to use when assessing the serviceability of home loan applications. […]
Samsung Electronics likely to report best quarterly profit in 3 years
October 5, 2021 By Joyce Lee SEOUL (Reuters) – Samsung Electronics Co Ltd is likely to turn in its best quarterly profit in three years and a record revenue, on rising memory chip prices and brisk sales of its new foldable smartphones, analysts’ estimates show. Operating profit for the world’s biggest memory chip and smartphone […]
Bayer wins its first Roundup jury verdict in case of child’s cancer
October 5, 2021 By Tom Hals (Reuters) – Bayer AG won its first trial over claims its Roundup weedkiller causes cancer after a California jury found that the herbicide was not a substantial cause of a child’s rare form of non-Hodgkin’s lymphoma, the company said on Tuesday. Destiny Clark alleged that her son Ezra developed […]
Fed chief has Biden’s ‘confidence,’ but no decision on renomination
October 5, 2021 By Ann Saphir (Reuters) – U.S. President Joe Biden expressed “confidence” in Federal Reserve Chair Jerome Powell on Tuesday after an influential senator in his party’s progressive wing stepped up her critique of the central bank chief and raised questions about his leadership. Powell “poses a danger to our economy and that’s […]
Tennis-Fernandez eager to return to action after Sharapova pep talk
October 5, 2021 (Reuters) – Canada’s Leylah Fernandez, who lost in the final of the U.S. Open, said on Tuesday she has since received advice from five-times Grand Slam champion Maria Sharapova and cannot wait to get back on court. A day after falling to British teenager Emma Raducanu in last month’s final, Fernandez attended […]
Bitcoin rises 5% to $51,711
October 5, 2021 (Reuters) – Bitcoin rose 5.01% to $51,711.21 at 22:01 GMT on Tuesday, adding $2,469.07 to its previous close. Bitcoin, the world’s best-known cryptocurrency, is up 86.4% from the year’s low of $27,734 on Jan. 4. Ether, the coin linked to the ethereum blockchain network, rose 4.54% to $3,537.56 on Tuesday, adding $153.68 […]
Emirates slams Boeing over 777X jet delays
October 5, 2021 By Tim Hepher Boston (Reuters) -The head of Dubai airline Emirates piled pressure on planemaker Boeing on Tuesday over delays to its 777X jetliner, warning that the uncertainty would cause significant disruption for one of the world’s biggest carriers. Emirates President Tim Clark said he wanted “another grown-up conversation” with the U.S. […]
White House to tap business leaders to push Republicans on debt ceiling – source
October 5, 2021 By Jeff Mason WASHINGTON (Reuters) – The White House is asking business leaders to meet with President Joe Biden on Wednesday about the need to raise the U.S. debt ceiling, according to a person familiar with the plans. The proposed meeting is part of a broader White House strategy to pressure Republicans […]
GoTo Global drives European expansion with acquisition of German e-moped sharing company emmy
Israeli shared multimodal mobility operator GoTo Global Mobility has acquired German shared electric scooter company emmy. The strategic deal will help GoTo Global, which offers customers access to shared cars, vans, mopeds, scooters and bikes, reach its goal of expanding to every major European city by 2025. GoTo Global would not share the financial terms […]
Hollywood producers and union leaders hold talks to stave off strike
October 5, 2021 LOS ANGELES (Reuters) – Talks resumed on Tuesday between Hollywood producers and behind-the-scenes workers on film and television sets, a day after an overwhelming union vote in favor of authorizing a strike The International Alliance of Theatrical Stage Employees (IATSE,) which represents some 60,000 off-screen workers, said in a statement that negotiations […]
Golf-Rivals DeChambeau, Koepka to face off in The Match
October 5, 2021 (Reuters) – Americans Bryson DeChambeau and Brooks Koepka will renew their fierce rivalry in Las Vegas next month, facing off in The Match, a 12-hole, head-to-head event at the Wynn Golf Course. The major winners set aside their long-standing feud to help the United States triumph over Europe at the Ryder Cup […]
Muhammad Ali sketches fetch knockout prices at NY auction
October 5, 2021 (Reuters) – A boxing sketch in felt pen by the late Muhammad Ali sold for more than $425,000 at an auction in New York on Tuesday of his little-known art works, some of which went for many times over estimates. The sketch, called “Sting Like a Bee,” and drawn on paper in […]
USTR seeks public comment on tariff exclusions for 549 Chinese import categories
October 5, 2021 WASHINGTON (Reuters) – The U.S. Trade Representative’s office said on Tuesday it is seeking public comments on plans to revive a targeted tariff exclusion process for imports from China, specifically whether to reinstate previously extended exclusions on 549 import product categories. USTR said it would accept public comments from Oct. 12 through […]
Fashion rental company Rent the Runway discloses drop in revenue in IPO filing
October 5, 2021 (Reuters) – Fashion rental company Rent the Runway on Monday made public its paperwork for a U.S. stock market flotation, joining a bunch of retailers looking to cash in on the record boom in capital markets since last year. In its filing with the U.S. Securities and Exchange Commission, the Brooklyn, New […]
Facebook blames ‘faulty configuration change’ for nearly six-hour outage
October 5, 2021 By Subrat Patnaik, Eva Mathews and Sheila Dang (Reuters) – Facebook Inc blamed a “faulty configuration change https://tmsnrt.rs/3lcz40O” for a nearly six-hour outage on Monday that prevented the company’s 3.5 billion users from accessing its social media and messaging services such as WhatsApp, Instagram and Messenger. The company in a late Monday […]
Ex-Giuliani associate Parnas pleads not guilty as trial looms, politics weigh
October 5, 2021 By Jonathan Stempel NEW YORK (Reuters) – Lev Parnas, who helped Donald Trump’s former lawyer Rudy Giuliani collect damaging information about Joe Biden before the Democrat won the 2020 presidential election, pleaded not guilty on Tuesday to a narrowed indictment alleging campaign finance and other crimes. A week before his scheduled trial, […]
