Facebook has been experimenting with a lot of new features and monetization has been their main focus. The social media platform is working on a tool that will allow groups admins to earn money with features likes shopping, fundraising, and subscriptions. The updates were announced by the company during its annual Communities Summit event. It […]
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Australian watchdog sues CBA for underpaying staff
October 11, 2021 (Reuters) – Australia’s workplace watchdog said https://ift.tt/3v1ljFv it has sued the country’s largest lender Commonwealth Bank of Australia and its brokerage arm for not paying more than 7,000 workers around A$16.4 million ($12 million) in entitlements. The issues around unpaid entitlements date back to 2010 and were self-reported by CBA to the […]
Deere workers reject six-year labor contract
October 11, 2021 (Reuters) – A majority of Deere & Co workers voted against a six-year labor contract that was tentatively agreed with the United Auto Workers (UAW) earlier this month, the U.S. tractor maker said on Sunday. The deal over wages and employee benefits would have covered about 10,000 employees across 14 facilities in […]
China’s Ant Group increases registered capital by 47% to $5.4 billion
October 11, 2021 BEIJING (Reuters) – China’s Ant Group has raised its registered capital to 35 billion yuan ($5.44 billion) from 23.8 billion yuan, public business registration records showed, as the fintech giant continues its government-mandated restructuring. Ant, an affiliate of e-commerce leader Alibaba Group Holding Ltd, in a Monday statement said the increase was […]
Southwest cancels many flights, blames weather and air traffic control issues
October 11, 2021 (Reuters) – Southwest Airlines Co cancelled at least 30% of its scheduled flights on Sunday, a second straight day of heavy cancellations, data from flightaware.com https://ift.tt/303nWv1 showed. Southwest declined to confirm the number of cancelled flights, saying only it had a significant amount over the weekend due to unfavorable weather in Florida […]
Oil gains as energy demand rises; WTI tops $80
October 11, 2021 By Aaron Sheldrick TOKYO (Reuters) – Oil prices rose on Monday, extending multiweek gains, amid supply restraint from major producers and growing demand for fuels as economies try to recover from the coronavirus pandemic. Brent crude was up 81 cents, or 1%, at $83.20 a barrel by 0212 GMT, after gaining almost […]
IMF says executive board expects to conclude Georgieva-World Bank review ‘very soon’
October 11, 2021 WASHINGTON (Reuters) – The International Monetary Fund said its executive board met on Sunday to discuss data-rigging allegations against IMF Managing Director Kristalina Georgieva during her time as World Bank CEO, making “further significant progress in its review”. The IMF said the board aimed to “very soon” conclude its consideration of the […]
Factbox: China Evergrande’s upcoming bond coupon payments
October 11, 2021 SHANGHAI (Reuters) – China Evergrande Group, with $305 billion in liabilities, is facing its biggest test yet in public debt markets as the distressed developer scrambles for funds ahead of what could be one of China’s largest restructurings. Bond coupon payments totalling more than $148 million are due on Monday, after the […]
Gogoro launches battery swapping stations in China
Five months after announcing a deal with two of China’s biggest two-wheel vehicle makers, Gogoro officially launched there today, opening 45 battery swapping stations in Hangzhou. The company’s co-founder and chief executive officer Horace Luke told TechCrunch that it targets 80 stations by the end of the year, before expanding into other major cities with […]
Soccer-Messi scores unusual goal as Argentina beat Uruguay 3-0
October 11, 2021 BUENOS AIRES (Reuters) – Two goals in the minutes before half time, one of them an unusually fortunate counter from Lionel Messi, helped Argentina on their way to a comfortable 3-0 win over Uruguay in a World Cup qualifier on Sunday. Eight minutes before the break Messi floated a 35-meter pass into […]
China state media says gaming time limit loopholes should be closed
October 11, 2021 SHANGHAI (Reuters) – Chinese state media said loopholes allowing minors to bypass new rules aimed at curbing gaming play time to three hours per week should be removed to “prevent addiction.” China introduced new rules in August limiting the amount of time under-18s can spend on video games to three hours a […]
Fundraising by China property trust products slump amid Evergrande woes – media
October 11, 2021 SHANGHAI (Reuters) – Fundraising by Chinese property trust products tumbled over 40% in September from a month earlier, official Shanghai Securities News reported on Monday, as China Evergrande Group’s troubles further dampen investor appetite toward the struggling sector. Newly-launched real estate trust products raised 16.2 billion yuan from investors in September, down […]
Japan’s new PM Kishida to face opposition questions for first time
October 11, 2021 TOKYO (Reuters) – Japan’s new prime minister, Fumio Kishida, makes his debut in parliamentary questioning on Monday, the first chance for the opposition to probe Kishida’s promises and plans since he took office last week. With the general election scheduled to take place in three weeks’ time, tackling the next wave of […]
Facebook-backed group launches misinformation adjudication panel in Australia
October 11, 2021 By Byron Kaye SYDNEY (Reuters) – A tech body backed by the Australian units of Facebook, Google and Twitter said on Monday it has set up an industry panel to adjudicate complaints over misinformation, a day after the government threatened tougher laws over false and defamatory online posts. Prime Minister Scott Morrison […]
Evergrande creditors fear imminent default as concerns shake sector
October 11, 2021 By Anshuman Daga, Scott Murdoch and Clare Jim SHANGHAI/SINGAPORE/HONG KONG (Reuters) -China Evergrande Group offshore bondholders are concerned that it is close to defaulting on debt payments and want more information and transparency from the cash-strapped property developer, their advisers said. Evergrande, which could trigger one of China’s largest defaults https://ift.tt/3oJ5XV3 as […]
Tennis-Zverev advances past Brooksby at Indian Wells
October 11, 2021 (Reuters) – World number four Alexander Zverev recovered from a flurry of mistakes in the second set to defeat American Jenson Brooksby 6-4 3-6 6-1 in the second round of Indian Wells on Sunday. The German got the early break in the first set but lost some of his momentum in the […]
Soccer-Panama stun U.S. 1-0 in World Cup qualifier
October 11, 2021 (Reuters) – Panama won their first-ever World Cup qualifying match against the United States in Panama City on Sunday, picking up a 1-0 victory in CONCACAF qualifying for the 2022 World Cup. The U.S. side couldn’t find its rhythm and a header from midfielder Anibal Godoy following a corner kick in the […]
Toshiba says strategic review results to be delayed to Nov 12
October 11, 2021 TOKYO (Reuters) – Japanese industrial conglomerate Toshiba Corp said on Monday it would announce the results of a strategic review of its business along with its quarterly earnings results and a new mid-term business plan on Nov. 12. A spokesperson said the results of Toshiba’s strategic review would be part of the […]
Honeywell raises outlook for business jet deliveries as demand rebounds
October 11, 2021 (Reuters) – Honeywell International Inc on Sunday raised its outlook for business jet deliveries, as the aviation sector shakes off the effects of the COVID-19 pandemic and travel picks up with easing restrictions. The U.S. industrial conglomerate forecast up to 7,400 new business jet deliveries worth $238 billion from 2022 to 2031, […]
Dollar hits 2-1/2-year high against yen as Fed tapering seen on track
October 11, 2021 By Hideyuki Sano TOKYO (Reuters) – The dollar ticked up to a 2-1/2-year high versus the yen on Monday after a soft U.S. payrolls figure did little to alter market expectations that the U.S. Federal Reserve will announce it will start tapering its massive bond-buying next month. The U.S. economy created the […]
