News

October 5, 2021 (Corrects to delete extraneous word in paragraph 2) By Alex Lawler, Ahmad Ghaddar and Olesya Astakhova LONDON (Reuters) -OPEC+ said on Monday it would stick to an existing pact for a gradual increase in oil output, sending crude prices to three-year highs and adding to inflationary pressures that consuming nations fear will […]

October 4, 2021 LONDON (Reuters) – A foundation set up by seven-times Formula One champion Lewis Hamilton announced its first initiative on Tuesday, seeking to recruit 150 Black school teachers in science, technology, engineering and mathematics (STEM) subjects. Hamilton’s Mission 44 and the educational charity Teach First will work together over the next two years […]

October 4, 2021 By Heekyong Yang SEOUL (Reuters) – The South Korean battery giants powering many of the world’s electric vehicles face a skills shortage that could drag on the global race towards zero-emissions transport. The country’s three major players, which command a third of the global electric vehicle (EV) battery market, told Reuters they […]

October 4, 2021 By Heekyong Yang SEOUL (Reuters) – The global auto industry’s shift to electric vehicles (EVs) has spurred an expansion race among battery makers, and caused a growing a skills shortage. See main story: Global sales of EVs, estimated at 2.5 million vehicles in 2020, is forecast to grow more than 12-fold to […]

October 4, 2021 (Reuters) – Bubba Wallace held back tears while reflecting on the long road that led him to his first-ever NASCAR Cup Series win at Talladega Superspeedway on Monday. His victory in the YellaWood 500 came after a rainstorm cut the race short with Wallace in the lead, making him the first Black […]

October 4, 2021 WASHINGTON (Reuters) – U.S. Senator Amy Klobuchar says she will ask a Facebook whistleblower testifying to Congress on Tuesday whether the social media company did enough to warn law enforcement about the Jan. 6 attack on the Capitol. The senator said she would also ask Frances Haugen, a former product manager on […]

October 4, 2021 By Rajesh Kumar Singh BOSTON (Reuters) -Global airlines on Monday projected a sharp reduction in industry losses next year as a multi-speed recovery from the coronavirus crisis gets under way, but revised up the financial toll inflicted by the pandemic in 2020 and 2021. The International Air Transport Association, the industry’s main […]

October 4, 2021 (Reuters) – JPMorgan Chase & Co said on Monday it will restrict business travel for U.S. employees who are unvaccinated or have not disclosed their vaccination status to the bank, according to an internal memo seen by Reuters. The bank has also mandated such staffers to be tested twice a week, and […]

October 4, 2021 WASHINGTON (Reuters) – U.S. President Joe Biden, in a call with European Commission President Ursula von der Leyen on Monday, emphasized the importance of “leveling the playing field in the international tax system,” the White House said in a statement. Biden also expressed his strong support for continuing the EU accession process […]

October 4, 2021 SAN FRANCISCO (Reuters) – Ford Motor Co’s battery joint venture partner, Korea’s SK Innovation, expects the U.S. vehicle industry to face a battery supply shortage until 2025 because of the long lead times to build production facilities, top SK executives told Reuters. SK Innovation’s battery unit, SK On, is also considering developing […]

October 4, 2021 (Reuters) – Pop star Justin Bieber has teamed up with Palms Premium to launch cannabis-based products, the California-based company said on Monday. The limited-edition marijuana cigarettes, or joints, called “Peaches Pre-Rolls” are named after a song from Bieber’s newest studio album and will be available in California, Nevada, Massachusetts and Florida, the […]

Facebook’s day-long outage is by far its longest and most extreme in years. At around 9 a.m. on the U.S. West Coast — where the social giant is headquartered — Facebook, WhatsApp, Instagram and Facebook Messenger seemed to vanish from the internet. The outage continued through market close, with the company’s stock dropping around 5% […]

October 4, 2021 By Praveen Menon WELLINGTON (Reuters) – New Zealand business confidence dropped in the third quarter as the latest COVID-19 lockdown in the country hurt sentiment, a private think tank said on Tuesday. A net 11% of firms surveyed expected general business conditions to deteriorate, compared with a net 7.0% positive reading in […]

October 4, 2021 (Reuters) – The U.S. Federal Reserve said on Monday it has begun talks with its internal watchdog to review for possible ethical or legal lapses the financial-market trading by certain top central bankers, after the disclosure of transactions during 2020 by Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren […]

October 4, 2021 By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Cryptocurrency investment products and funds recorded inflows for a seventh straight week, as institutional investors warmed to more supportive statements from regulators, data from digital asset manager CoinShares showed on Monday. Inflows to the sector were $90.2 million last week, led by bitcoin which snagged […]

October 4, 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 https://ift.tt/3mrv6Rg with the U.S. Securities and Exchange Commission, the Brooklyn, New […]

October 4, 2021 By Gibran Naiyyar Peshimam KABUL (Reuters) -Taliban government forces destroyed an Islamic State cell in the north of Kabul late on Sunday in a prolonged assault that broke the calm of a normally quiet area of the capital with hours of explosions and gunfire, officials and local residents said. With Afghanistan’s economy […]

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for October 4, 2021. A lot is going on today in the world of major tech companies — as you may have noticed — but don’t […]

October 4, 2021 By David Shepardson WASHINGTON (Reuters) – Southwest Airlines said on Monday it will comply with a Dec. 8 deadline set by President Joe Biden for its employees to get vaccinated against COVID-19. The deadline, set last month under an executive order signed by Biden, covers all federal contractors. Unless employees receive and […]

October 4, 2021 BENGHAZI, Libya (Reuters) – Libya’s eastern-based parliament said on Monday it had agreed a law for a parliamentary election to take place a month after a planned Dec. 24 presidential election. A statement by parliament spokesperson Abdullah Belhaiq said the chamber had agreed each article in the law, which will keep parliament […]