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September 27, 2021 By Howard Schneider WASHINGTON (Reuters) – U.S. consumer and public interest groups on Monday kept up the pressure on Federal Reserve Chair Jerome Powell to impose stricter ethics rules on Fed officials, after two Fed bank presidents resigned because of controversial investing activity last year. As Powell looks to be appointed to […]

September 27, 2021 By Ben Klayman DETROIT (Reuters) – Ford Motor Co and its Korean battery partner SK Innovation will invest $11.4 billion to build an electric F-150 assembly plant, and three battery plants in the United States, accelerating the No. 2 U.S. automaker’s push into electric vehicles. Ford also said on Monday it now […]

September 27, 2021 By Nick Carey and Giulio Piovaccari OXFORD (Reuters) – Speed has always been paramount for supercar makers, and now they’re in the race of their lives to go electric before climate policy cuts their combustion engines. That’s why the likes of Ferrari and Mercedes-Benz are turning to startups such as Oxford-based electric […]

September 27, 2021 SEOUL (Reuters) – South Korea’s SK Innovation Co Ltd plans to invest 5.1 trillion won ($4.32 billion) to build battery production facilities in the United States through its battery joint venture with Ford Motor Co through 2027, the company said in a regulatory filing on Tuesday. The South Korean battery maker, which […]

September 27, 2021 By Jonnelle Marte NEW YORK (Reuters) – New York Federal Reserve Bank President John Williams on Monday warned of the potential negative market reaction if the United States failed to solve its debt-ceiling issue, but said market participants right now seemed to think the problem would be resolved. The U.S. Congress faces […]

September 27, 2021 By Karen Sloan (Reuters) – The late addition of a lawyer with experience handling high-profile clients wasn’t enough to help singer R. Kelly beat charges that he sexually abused women for decades. Attorney Deveraux Cannick, who joined Kelly’s legal team just a few months before the long-awaited trial, argued in court that […]

The decarbonization of the planet will be the next major disruption of the 21st century, according to SOSV managing general partner Sean O’Sullivan and Carmichael Roberts of Breakthrough Energy Ventures. A disruption of such magnitude will bring about changes that will touch every industry and corner of daily life, and as a result, a complex […]

Ford Motor and battery manufacturer SK Innovation plan to spend $11.4 billion to build two massive campuses in Tennessee and Kentucky that will produce batteries as well as the next-generation of electric F Series trucks — a project the companies said will create 11,000 new jobs. Facilities on the two campuses are designed to cover […]

The proliferation of affordable and fast mobile data allowed hundreds of millions of Indians to come online for the first time in the past decade. But there are scores of areas in the South Asian nation’s economy that remain largely offline. One of those is factories. There are about 150,000 factories in India, but the […]

September 27, 2021 (Reuters) -Merck & Co is in advanced talks to acquire drugmaker Acceleron Pharma Inc, the Wall Street Journal reported https://ift.tt/3CNVJqj on Monday, citing people familiar with the matter. Merck and Acceleron did not immediately respond to Reuters’ request for comment. Cambridge, Massachusetts-based Acceleron focuses on the discovery, development and commercialization of therapeutics […]

September 27, 2021 (Reuters) – Four-times Olympic gold medallist Simone Biles told New York Magazine that she should have quit gymnastics “way before Tokyo,” where she suffered from a case of “twisties” that derailed her attempt at a record haul of six golds. The 24-year-old American dropped out of the opening event at the Summer […]

September 27, 2021 SANTIAGO (Reuters) – Chile’s central bank will decide in early 2022 on a strategy for the potential roll-out of its own digital currency, the bank’s president said on Monday, as policymakers worldwide seek to keep pace with fast-spreading cryptocurrencies. Regulators globally are cracking down on digital coins, alarmed at a rapidly expanding […]

September 27, 2021 (Reuters) – Atlanta Federal Reserve Bank President Raphael Bostic on Monday reiterated the U.S. central bank’s commitment to making sure every American who wants a job can have one. “Without clear data demonstrating that an inflationary problem has arrived and is likely to last, we will allow labor markets to run their […]

September 27, 2021 WASHINGTON (Reuters) -The U.S. Commodity Futures Trading Commission (CFTC) on Monday said it has filed and settled charges against Refinitiv US SEF LLC, in the agency’s first-ever enforcement action against a swap execution facility over reporting violations. Refinitiv, which provides financial data and software to traders, banks and investors, has agreed to […]

September 27, 2021 By Allison Lampert MONTREAL (Reuters) -Canada is trying to use the lure of travel perks to convince America’s frequent-flying elite to fly north on Air Canada, as the country steps up efforts to revive crucial traffic from the United States, a Canadian official said. COVID-19 has battered travel from Canada’s largest tourism […]

Madison Schill Contributor Share on Twitter Madison Schill is the director of marketing and communications at Livescale and is a former fashion editor and producer. Live shopping — the seamless and simultaneous combination of online shopping, livestreaming and social media — has been taking North America by storm since October 2019. Though booming to take […]

September 27, 2021 By Nick Carey (Reuters) – The shift to electric vehicles will force huge changes in the auto industry and require EU backing for ‘reskilling’ programs to help workers prepare for a zero-emission future, according to a report published on Tuesday. The Platform for Electromobility, an industry group, said a report by the […]

September 27, 2021 By Karl Plume (Reuters) -U.S. soybean exports jumped last week to a six-month peak, while corn shipments were the highest in a month as Louisiana Gulf Coast terminals steadily ramped up operations disrupted nearly a month ago by Hurricane Ida, preliminary data showed on Monday. The export pace remained well below normal […]

September 27, 2021 By Tyler Clifford and Luc Cohen (Reuters) – R. Kelly was convicted by a federal jury on Monday in his sex trafficking trial. Prosecutors described a decades-long scheme in which the R&B singer used his fame to lure women and underage girls into his orbit for sex. Here are five key moments […]

September 27, 2021 SANTIAGO (Reuters) – Venezuelan migrants in Iquique in northern Chile have been shaken by a series of angry protests by locals against settler camps which have popped up in city squares and even beaches, a reflection of simmering tensions over migration in the region. On the weekend thousands of local Chileans marched […]