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October 6, 2021 ABUJA (Reuters) – Nigeria expects to raise 90 billion naira ($219 million) next year from selling mostly government-owned power assets to help fund spending in 2022, the finance minister said on Wednesday. The National Integrated Power Projects (NIPPs) is the government vehicle that owns several power generation plants in the country. In […]

Still can’t wrap your head around people wanting to watch others play video games on the Internet? Here’s another one that might bend your brain a bit: people watching other people study. While it’s easy to miss if you’re a few years out of school, there’s a whole Internet community built around studying and how […]

October 6, 2021 By Foo Yun Chee STRASBOURG (Reuters) – European Union lawmakers may lower a threshold that determines which companies will be subject to new tech rules, a top EU lawmaker said on Wednesday. The proposal could mean some European companies, such as Booking.com, might join the list that the rules will apply to, […]

October 6, 2021 WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said the country’s debt limit needs to be raised by Congress “immediately” to avoid a financial crisis. Speaking with bank CEOs and President Joe Biden at the White House, Yellen warned the Treasury would have “very limited cash” that would be quickly depleted after […]

October 6, 2021 By Steve Holland and Trevor Hunnicutt WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen, JPMorgan Chase &Co Chief Executive Jamie Dimon and Nasdaq CEO Adena Friedman warned on Wednesday of financial and economic catastrophe if Congress fails to raise the debt ceiling. The three and other business leaders met U.S. President Joe Biden […]

October 6, 2021 By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Bitcoin surged on Wednesday to its highest level in five months, as market sentiment continued to improve due in part to news a hedge fund controlled by billionaire investor George Soros trades bitcoin. Investors also expect a seasonal rally in cryptocurrencies this quarter. The world’s largest […]

October 6, 2021 (Reuters) – Bank of America Corp will pay out $200 awards to its employees at Merrill Lynch Wealth Management who have been fully vaccinated and going to office regularly, according to a memo shared with Reuters on Wednesday. The awards will be offered to client associates, administrative support and operations staff at […]

October 6, 2021 WASHINGTON (Reuters) – The International Monetary Fund’s executive board will meet again on Friday after interviewing Managing Director Kristalina Georgieva on Wednesday over claims that she pressured World Bank staff to alter data to favor China, a source familiar with the deliberations said. An IMF spokesperson confirmed that the board met with […]

October 6, 2021 By Daniel Wiessner (Reuters) – Amazon.com Inc has been accused of violating Colorado state law by failing to pay warehouse workers for time spent undergoing COVID-19 screenings before clocking in at work. Jennifer Vincenzetti, who worked at two Amazon warehouses in Colorado Springs, filed a proposed class action in Colorado federal court […]

General Motors said it expects its in-car subscription services to generate nearly $2 billion in revenue this year and will reach as high as $25 billion by the end of the decade, an amount the company said Wednesday will put it in the same league as Netflix, Peloton and Spotify. The automaker has 16 million […]

October 6, 2021 UNITED NATIONS (Reuters) – United Nations Secretary-General Antonio Guterres called on Ethiopia’s government on Wednesday to allow the world body to deliver humanitarian aid to millions in the country’s north “without hindrance.” During a U.N. Security Council meeting, Guterres urged Ethiopia’s government to allow “unrestricted movement of desperately needed fuel, cash, communications […]

October 6, 2021 WASHINGTON (Reuters) – The United States and China reached an agreement in principle for U.S. President Joe Biden and Chinese leader Xi Jinping to hold a virtual meeting before the end of the year, a senior U.S. administration official said on Wednesday. The official made the comment to reporters following a meeting […]

October 6, 2021 By Kate Abnett BRUSSELS (Reuters) – The European Union on Wednesday agreed to back five-year climate targets at the COP26 climate change conference, where countries will attempt to finalise the rules needed to put the Paris Agreement into effect. At the COP26 summit, to be held in Glasgow from Oct. 31 to […]

October 6, 2021 By Valerie Volcovici WASHINGTON (Reuters) -The White House on Wednesday took the first step to restore federal regulations guiding environmental reviews of major infrastructure projects like highways and pipelines, which were scaled back by the Trump administration that sought to fast-track them. The White House Council for Environmental Quality said it will […]

October 6, 2021 BERLIN (Reuters) – German Foreign Minister Heiko Maas said on Wednesday he was shocked by an anti-Semitic insult a Jewish musician said he had suffered at a hotel in Leipzig and that such behaviour had no place in Germany. In a case that has hit national headlines, Gil Ofarim, 39, posted a […]

October 6, 2021 By Elizabeth Culliford WASHINGTON (Reuters) -Facebook whistleblower Frances Haugen told Congress on Tuesday that one option for making social media less harmful would be to create a dedicated regulatory agency to oversee companies like Facebook, which could have former tech workers on staff. “Right now, the only people in the world who […]

October 6, 2021 WASHINGTON (Reuters) – The U.S. Senate will postpone a vote planned for Wednesday afternoon to suspend the federal government’s $28.4 trillion debt ceiling, four Republican senators and a Democratic aide said. It was not immediately clear when the postponed vote would be held. (Reporting by Susan Cornwell and Richard Cowan; Editing by […]

October 6, 2021 CARACAS (Reuters) – Venezuelan Vice President Delcy Rodriguez said on Wednesday that the International Monetary Fund (IMF) has not yet delivered funds under a program to help countries battle the COVID-19 pandemic, amid a dispute over the government’s legitimacy. In August, the IMF authorized Venezuela to receive around $5 billion in Special […]

October 6, 2021 By Niklas Pollard, Ludwig Burger and Simon Johnson STOCKHOLM (Reuters) – German Benjamin List and Scottish-born David MacMillan won the 2021 Nobel Prize in Chemistry on Wednesday for developing new tools for building molecules that have helped make new drugs and are more environmentally friendly. Their work on asymmetric organocatalysis, which the […]

October 6, 2021 By Luis Jaime Acosta CUCUTA, Colombia (Reuters) – Colombia deployed a new unit of 14,000 military personnel on Wednesday to increase government control of a conflict hotspot near the Venezuelan border, where multiple armed groups compete for control of cocaine production. The new unit, known by CENOR, deployed in the northeastern province […]