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October 6, 2021 MEXICO CITY (Reuters) – The Mexican president’s proposal to reform the country’s electricity sector is “negative” for the sovereign credit rating of Latin America’s second-largest economy, Moody’s Investors Service said on Wednesday. The ratings agency warned in a statement the bill would likely trigger international legal disputes, affect foreign investment competitiveness as […]

October 6, 2021 (Reuters) – Bitcoin rose 7.11% to $55,162.92 at 20:01 GMT on Wednesday, adding $3,661.73 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 98.9% from the year’s low of $27,734 on Jan. 4. Ether, the coin linked to the ethereum blockchain network, rose 2.15% to $3,591.72 on Wednesday, […]

October 6, 2021 By Arathy S Nair (Reuters) -Dow Inc unveiled on Wednesday plans to boost its core earnings by $3 billion a year over the next decade, with investments that include building a new net-zero carbon emissions ethylene and derivatives facility in Alberta, Canada. The chemicals maker, once part of DowDupont, joins a growing […]

October 6, 2021 By Erwin Seba HOUSTON (Reuters) – Members of the union representing locked-out workers at Exxon Mobil Corp’s Beaumont, Texas, refinery have submitted a petition to force a vote on removing the union, the union and company said on Wednesday. Exxon and the local United Steelworkers union said they were notified by the […]

October 6, 2021 (Reuters) – U.S. Federal Reserve senior officials’ private investments are under growing scrutiny following revelations and the subsequent resignations of two regional Fed Bank Presidents for controversial trades last year at a time when the central bank was undertaking a rescue of the economy. The six members of the Fed Board of […]

October 6, 2021 WASHINGTON (Reuters) – Aircraft parts manufacturer Spirit AeroSystems said on Wednesday it is mandating COVID-19 vaccines for its 10,500 employees by Dec. 8 in line with an executive order for contractors signed by President Joe Biden last month. The White House announced the Dec. 8 deadline for employees of federal contractors and […]

Google launched a new feature on Wednesday that shows users the environmental impact of flights. Starting today, users will see carbon emissions estimates for nearly all flights in the search results. The estimate is visible next to the price and duration of the flight. Google notes that the new feature will allow users to factor […]

If you’ve ever tweeted something innocuous that went on to kick off a firestorm of unwanted attention, you know full well that people on Twitter will fight about anything and everything — it’s the internet’s premier destination for high-speed, low-information opinion slinging, after all. Twitter has been working on ways to tone down the toxicity […]

October 6, 2021 By Herbert Lash and Tom Wilson NEW YORK/LONDON (Reuters) -Soaring energy prices retreated and stocks on Wall Street rebounded on Wednesday after the top U.S. Senate Republican backed an extension of the U.S. debt ceiling and Russia calmed volatile natural gas markets in Europe. The unrelated moves eased growing angst among investors […]

October 6, 2021 By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar climbed across the board on Wednesday, as surging energy prices fuelled concerns about inflation and interest rate hikes, knocking investors’ appetite for riskier assets and driving flows to safe-havens. With oil prices hitting their highest in seven years, shares fell and government […]

October 6, 2021 (Reuters) -General Motors Co and General Electric Co said on Wednesday they plan to study ways they could develop a supply chain of rare earths and other minerals used to make electric vehicles and renewable energy equipment. Both companies signed a memorandum of understanding to evaluate how they could work together to […]

October 6, 2021 (Refiles to correct date to Oct 6 in dateline) By Daniel Wiessner (Reuters) – Tesla Inc will likely seek to slash a $137 million jury award for a Black worker who accused the automaker of racial discrimination, but could have difficulty reducing the verdict amid claims that the company tolerated widespread harassment, […]

October 6, 2021 By Lucia Mutikani WASHINGTON (Reuters) – U.S. private payrolls increased more than expected in September as COVID-19 infections started subsiding, boosting hiring at restaurants and other high-contact businesses. The ADP National Employment Report released on Wednesday supported expectations that job growth picked up last month, though it has a poor record predicting […]

October 6, 2021 (Reuters) – Comcast Corp-owned NBCUniversal on Wednesday named former Hulu executive Kelly Campbell as president of its streaming service Peacock. Campbell’s arrival comes at a time when NBCUniversal is looking to build a streaming giant in Peacock with an array of offerings from World Wrestling Entertainment Inc’s wrestling shows to Super Bowls. […]

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 […]