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Nasdaq, S&P rally but inflation fears linger

The S&P 500 and the Nasdaq rallied on Monday ahead of tech earnings but the Dow faltered on a Disney downgrade and worries about the Chinese economy. Conway G.

The S&P 500 and the Nasdaq rallied on Monday ahead of tech earnings but the Dow faltered on a Disney downgrade and worries about the Chinese economy. Conway G.

Apple unveils new MacBooks, AirPods

Apple Inc on Monday launched two new MacBook Pro models powered by new in-house Apple Silicon chips as well as a new generation of its AirPods wireless earbuds and a $5-per-month music subscription service. This report produced by Tamara Lindstrom.

Apple Inc on Monday launched two new MacBook Pro models powered by new in-house Apple Silicon chips as well as a new generation of its AirPods wireless earbuds and a $5-per-month music subscription service. This report produced by Tamara Lindstrom.

Tight U.S. job market triggers strikes for more pay

[NFA] Thousands of unionized workers are striking across the U.S., demanding higher pay, as rising prices and labor shortages squeeze American employers. This report produced by Zachary Goelman.

[NFA] Thousands of unionized workers are striking across the U.S., demanding higher pay, as rising prices and labor shortages squeeze American employers. This report produced by Zachary Goelman.

U.S. homebuilders upbeat; Zillow hits pause

The National Association of Homebuilders' monthly survey showed its biggest increase in nearly a year. Meanwhile, Zillow shares plunged after the online real estate firm said it would pause buying houses for the rest of this year. Conway G. Gittens

The National Association of Homebuilders' monthly survey showed its biggest increase in nearly a year. Meanwhile, Zillow shares plunged after the online real estate firm said it would pause buying houses for the rest of this year. Conway G. Gittens

Volvo eyes $23 bln value in share sale

Volvo Cars, owned by China's Geely, said Monday that an upcoming share sale would value it at up to $23 billion.

Volvo Cars, owned by China's Geely, said Monday that an upcoming share sale would value it at up to $23 billion.

Chips and ships: supply woes hit Philips outlook

Philips says a shortage of computer chips and logistics headaches will hit its earnings in the coming months.

Philips says a shortage of computer chips and logistics headaches will hit its earnings in the coming months.

Facebook plans to hire 10,000 in EU for 'metaverse'

Facebook Inc plans to create 10,000 jobs in the European Union over the next five years, the social media giant said on Monday, to help build the so-called metaverse - an online world where people can use different devices to move and communicate in

Facebook Inc plans to create 10,000 jobs in the European Union over the next five years, the social media giant said on Monday, to help build the so-called metaverse - an online world where people can use different devices to move and communicate in

iPhone-maker Foxconn shows off its first EVs

Taiwan's Foxconn, known as a major maker of Apple's iPhones, has unveiled its first electric vehicles as it looks to shift beyond making gadgets for other brands.

Taiwan's Foxconn, known as a major maker of Apple's iPhones, has unveiled its first electric vehicles as it looks to shift beyond making gadgets for other brands.

Brexit, Covid brew storm for UK chicken farmers

When Nigel Upson checks the plucked chicken carcasses dangling from a rotating line at his poultry plant in England, he sees cash haemorrhaging out of his business from a perfect storm that has distressed every part of the farm-to-fork supply chain.

When Nigel Upson checks the plucked chicken carcasses dangling from a rotating line at his poultry plant in England, he sees cash haemorrhaging out of his business from a perfect storm that has distressed every part of the farm-to-fork supply chain.

China's economy stumbles in third quarter

China's economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market and raising pressure on policymakers to do more to prop up the faltering recover

China's economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market and raising pressure on policymakers to do more to prop up the faltering recover

Stocks surge on upbeat earnings, economic data

U.S. stocks surged on Thursday as companies reported strong results and data on the labor market and inflation soothed worries about the outlook for higher rates.

U.S. stocks surged on Thursday as companies reported strong results and data on the labor market and inflation soothed worries about the outlook for higher rates.

Energy crisis could derail global economy -IEA

A world energy crunch is expected to boost oil demand and further stoke inflation, likely slamming the brakes on the global economic recovery, according to a Thursday warning from the International Energy Agency. Conway G. Gittens has more.

A world energy crunch is expected to boost oil demand and further stoke inflation, likely slamming the brakes on the global economic recovery, according to a Thursday warning from the International Energy Agency. Conway G. Gittens has more.

Russia's Yandex joins London’s e-grocery market

Delivery drivers sporting the bright yellow colours of Yango Deli will be visible across London after the international e-grocery arm of Russian tech giant Yandex became the latest player to launch in the UK's crowded delivery market.

Delivery drivers sporting the bright yellow colours of Yango Deli will be visible across London after the international e-grocery arm of Russian tech giant Yandex became the latest player to launch in the UK's crowded delivery market.

Domino's U.S. same-store sales drop for first time in over a decade

Domino's Pizza posted on Thursday its first drop in U.S. same-store sales in over a decade, signaling a slowdown in delivery demand for the world's largest pizza chain as consumers move away from their pandemic food-ordering habits.

Domino's Pizza posted on Thursday its first drop in U.S. same-store sales in over a decade, signaling a slowdown in delivery demand for the world's largest pizza chain as consumers move away from their pandemic food-ordering habits.

Bank results point to stronger U.S. economy

From loan growth to trading revenues to advisory fees, financial results released Thursday from Bank of America, Citigroup, Wells Fargo and Morgan Stanley suggest the economic recovery was in full swing during the third quarter. Conway G.

From loan growth to trading revenues to advisory fees, financial results released Thursday from Bank of America, Citigroup, Wells Fargo and Morgan Stanley suggest the economic recovery was in full swing during the third quarter. Conway G.

Uniqlo-owner Fast Retailing forecasts rebound

Uniqlo-owner Fast Retailing says it expects a recovery in sales and profits to continue into next year as lockdowns ease.

Uniqlo-owner Fast Retailing says it expects a recovery in sales and profits to continue into next year as lockdowns ease.

IKEA reports record full-year retail sales

IKEA, the world's biggest furniture brand, reported record high annual retail sales on Thursday despite global supply chain disruptions as housebound consumers spent more on their homes. Ciara Lee reports

IKEA, the world's biggest furniture brand, reported record high annual retail sales on Thursday despite global supply chain disruptions as housebound consumers spent more on their homes. Ciara Lee reports

UK chicken king: 20-year cheap food binge is over

Britain's 20-year binge on cheap food is coming to an end and food price inflation could hit double digits due to a tidal wave of soaring costs that are crashing through the supply chain, Britain’s biggest chicken producer said. Ciara Lee reports

Britain's 20-year binge on cheap food is coming to an end and food price inflation could hit double digits due to a tidal wave of soaring costs that are crashing through the supply chain, Britain’s biggest chicken producer said. Ciara Lee reports

Up or down? China faces inflation conundrum

Chinese factory prices are rising at a record rate, but weak demand has seen consumer price inflation fall, and that leaves policymakers with a dilemma.

Chinese factory prices are rising at a record rate, but weak demand has seen consumer price inflation fall, and that leaves policymakers with a dilemma.

Global cost surge squeezes Japan's salaryman staples

An uptick in raw supply costs is causing a price hike in Japan's favourite consumer items, from coffee to beef bowls, though wages remain stagnant. Cafe owner Shizuo Mori is shouldering that extra cost out of fear of losing his customers.

An uptick in raw supply costs is causing a price hike in Japan's favourite consumer items, from coffee to beef bowls, though wages remain stagnant. Cafe owner Shizuo Mori is shouldering that extra cost out of fear of losing his customers.

Biden enlists Walmart, FedEx to fix bottlenecks

President Joe Biden on Wednesday urged the private sector to help ease supply chain blockages that are threatening to disrupt the U.S. holiday season and said the White House plans a nationwide overhaul of the clogged system. This report produced by

President Joe Biden on Wednesday urged the private sector to help ease supply chain blockages that are threatening to disrupt the U.S. holiday season and said the White House plans a nationwide overhaul of the clogged system. This report produced by

Hollywood crews to strike if no deal reached

Behind-the-scenes workers on Hollywood films and television shows will launch a nationwide strike next week unless contract talks with producers are resolved, their union said on Wednesday.

Behind-the-scenes workers on Hollywood films and television shows will launch a nationwide strike next week unless contract talks with producers are resolved, their union said on Wednesday.

Growth stocks lift S&P, Nasdaq

The S&P 500 and Nasdaq ended higher on Wednesday, led by gains in shares of big growth names like Amazon.com and Microsoft, but JPMorgan shares fell and weighed on the index even though the bank beat earnings expectations.

The S&P 500 and Nasdaq ended higher on Wednesday, led by gains in shares of big growth names like Amazon.com and Microsoft, but JPMorgan shares fell and weighed on the index even though the bank beat earnings expectations.

Facebook to change rules on attacking public figures

Facebook Inc will now count activists and journalists as "involuntary" public figures and so increase protections against harassment and bullying targeted at these groups, its global safety chief said in an interview this week. This report produced b

Facebook Inc will now count activists and journalists as "involuntary" public figures and so increase protections against harassment and bullying targeted at these groups, its global safety chief said in an interview this week. This report produced b

J.P. Morgan Chase posts earnings surge

J.P. Morgan Chase, the largest U.S. bank, posted a hefty 24 percent jump in third-quarter profits as a pick-up in consumer and Wall Street activity led to stronger-than-expected results. Conway G. Gittens went through the numbers.

J.P. Morgan Chase, the largest U.S. bank, posted a hefty 24 percent jump in third-quarter profits as a pick-up in consumer and Wall Street activity led to stronger-than-expected results. Conway G. Gittens went through the numbers.

U.S. gives marketing nod to an e-cigarette for first time

The U.S. Food and Drug Administration authorized British American Tobacco’s Vuse Solo e-cigarettes and tobacco-flavored pods, making it the first-ever vapor product to get clearance from the health regulator.

The U.S. Food and Drug Administration authorized British American Tobacco’s Vuse Solo e-cigarettes and tobacco-flavored pods, making it the first-ever vapor product to get clearance from the health regulator.

Consumer inflation continues surge in September

U.S. consumer prices increased solidly in September and are poised to rise further in the months ahead amid a surge in the costs of energy products, which casts doubt on the Federal Reserve's view that high inflation is transitory. Conway G. Gittens

U.S. consumer prices increased solidly in September and are poised to rise further in the months ahead amid a surge in the costs of energy products, which casts doubt on the Federal Reserve's view that high inflation is transitory. Conway G. Gittens

The global supply shortages, through farmers' eyes

Global supply chain issues are continuing to cause backlogs and empty store shelves across many industries. In quiet and rural northern England, a pig farm shows the complexity of the issue.

Global supply chain issues are continuing to cause backlogs and empty store shelves across many industries. In quiet and rural northern England, a pig farm shows the complexity of the issue.

Russia will supply more gas if Europe asks - Putin

President Vladimir Putin said on Wednesday that Russia was ready to provide more gas to Europe if requested, emphatically rejecting the suggestion that Moscow was squeezing supplies for political motives.

President Vladimir Putin said on Wednesday that Russia was ready to provide more gas to Europe if requested, emphatically rejecting the suggestion that Moscow was squeezing supplies for political motives.

Etihad raises $1.2 bln in sustainability-linked debt

Etihad Airways said on Wednesday it has raised $1.2 billion with a loan linked to environmental, social and governance (ESG) targets in global aviation.

Etihad Airways said on Wednesday it has raised $1.2 billion with a loan linked to environmental, social and governance (ESG) targets in global aviation.

U.S. warns on Xmas gifts; UK says don't panic buy

A day after Washington warned U.S. shoppers they might not get all they want this Christmas, the UK has urged people not to start panic buying gifts.

A day after Washington warned U.S. shoppers they might not get all they want this Christmas, the UK has urged people not to start panic buying gifts.

'Squid Game' is Netflix's biggest original show debut

Hit South Korean show "Squid Game" has officially become Netflix's biggest original series launch, the streaming service said on Wednesday.

Hit South Korean show "Squid Game" has officially become Netflix's biggest original series launch, the streaming service said on Wednesday.

Asian airlines ramp up flights as travel returns

Asian airlines are ramping up flights and special offers as travel restrictions ease around the region.

Asian airlines are ramping up flights and special offers as travel restrictions ease around the region.

American, Southwest stand by vaccine mandate

Rebuffing the Texas governor, American Airlines and Southwest Airlines said on Tuesday they would comply with U.S. President Joe Biden's executive order to require that their employees be vaccinated for COVID-19 by a Dec. 8 deadline.

Rebuffing the Texas governor, American Airlines and Southwest Airlines said on Tuesday they would comply with U.S. President Joe Biden's executive order to require that their employees be vaccinated for COVID-19 by a Dec. 8 deadline.

Apple likely to cut production of iPhone 13 - report

Apple Inc is likely to cut down production of its iPhone 13 by as many as 10 million units due to the global chip shortage, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Apple Inc is likely to cut down production of its iPhone 13 by as many as 10 million units due to the global chip shortage, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Hasbro CEO Brian Goldner dies

Toymaker Hasbro Inc on Tuesday said longtime Chairman and Chief Executive Officer Brian Goldner died, two days after he went on medical leave. This report produced by Freddie Joyner.

Toymaker Hasbro Inc on Tuesday said longtime Chairman and Chief Executive Officer Brian Goldner died, two days after he went on medical leave. This report produced by Freddie Joyner.

Wall Street falls on earnings jitters

U.S. stocks finished lower on Tuesday, with investors jittery in the run up to third-quarter earnings, while a jump in Tesla shares helped support the market.

U.S. stocks finished lower on Tuesday, with investors jittery in the run up to third-quarter earnings, while a jump in Tesla shares helped support the market.

Alibaba founder Jack Ma reappears- sources

Alibaba Group founder and Chinese billionaire Jack Ma, largely out of public view since a regulatory clampdown started on his business empire late last year, is currently in Hong Kong and has met business associates in recent days, two sources told R

Alibaba Group founder and Chinese billionaire Jack Ma, largely out of public view since a regulatory clampdown started on his business empire late last year, is currently in Hong Kong and has met business associates in recent days, two sources told R

Blue Origin ready for liftoff with Shatner

[NFA] Three months after billionaire Jeff Bezos soared into space, his Blue Origin rocketship will blast off with another all-civilian crew, this time with “Star Trek” actor William Shatner in the lead role. Zachary Goelman has more.

[NFA] Three months after billionaire Jeff Bezos soared into space, his Blue Origin rocketship will blast off with another all-civilian crew, this time with “Star Trek” actor William Shatner in the lead role. Zachary Goelman has more.

IMF cuts global growth outlook

Persistent supply chain disruptions and inflation pressures are constraining the global economy's recovery from the COVID-19 pandemic, the International Monetary Fund said on Tuesday as it cut growth outlooks for the United States and other major ind

Persistent supply chain disruptions and inflation pressures are constraining the global economy's recovery from the COVID-19 pandemic, the International Monetary Fund said on Tuesday as it cut growth outlooks for the United States and other major ind

Moderna considers Senegal, Rwanda, and S.Africa

In an interview the chairman of U.S. drugmaker Moderna has confirmed that Senegal, Rwanda, and South Africa are three 'potential' sites for its planned vaccine plant in Africa. Matthew Larotonda has more.

In an interview the chairman of U.S. drugmaker Moderna has confirmed that Senegal, Rwanda, and South Africa are three 'potential' sites for its planned vaccine plant in Africa. Matthew Larotonda has more.

American Airlines sees smaller-than-expected loss

American Airlines estimated on Tuesday a smaller-than-expected adjusted loss for the third quarter and signaled improved bookings for the rest of the year, betting on increased holiday demand and a lifting of travel bans.

American Airlines estimated on Tuesday a smaller-than-expected adjusted loss for the third quarter and signaled improved bookings for the rest of the year, betting on increased holiday demand and a lifting of travel bans.

Tesla's made-in-China auto sales hit a record

U.S. electric vehicle maker Tesla sold 56,006 China-made vehicles in September, the highest since it started production in Shanghai about two years ago, data from the China Passenger Car Association showed on Tuesday. Conway G. Gittens has more.

U.S. electric vehicle maker Tesla sold 56,006 China-made vehicles in September, the highest since it started production in Shanghai about two years ago, data from the China Passenger Car Association showed on Tuesday. Conway G. Gittens has more.

Global energy crunch stokes recovery fears

Authorities from Beijing to Chennai scrambled to fill a yawning power supply gap on Tuesday, triggering global stock and bond market wobbles on worries that rising energy costs will stoke inflation and curtail an economic recovery. Ciara Lee reports

Authorities from Beijing to Chennai scrambled to fill a yawning power supply gap on Tuesday, triggering global stock and bond market wobbles on worries that rising energy costs will stoke inflation and curtail an economic recovery. Ciara Lee reports

Macron launches "France 2030" investment plan

French President Emmanuel Macron has launched a 30 billion euro investment plan dubbed "France 2030" that aims to help transform the country into a leader in zero-emission technologies including hydrogen fuels and mini nuclear reactors.

French President Emmanuel Macron has launched a 30 billion euro investment plan dubbed "France 2030" that aims to help transform the country into a leader in zero-emission technologies including hydrogen fuels and mini nuclear reactors.

Samsung boss admits unlawful sedative use

Samsung conglomerate chief Jay Y. Lee pleaded guilty in court on Tuesday to a charge of unlawful use of a controlled substance, as legal woes continue to haunt the executive even after his release on parole in August following a bribery conviction. C

Samsung conglomerate chief Jay Y. Lee pleaded guilty in court on Tuesday to a charge of unlawful use of a controlled substance, as legal woes continue to haunt the executive even after his release on parole in August following a bribery conviction. C

EasyJet sees big loss, but says travel is back

EasyJet expects a loss of over $1.5 billion for the year to the end of September, but the budget airline says it's clear that recovery is under way with demand soaring from both leisure and business travellers.

EasyJet expects a loss of over $1.5 billion for the year to the end of September, but the budget airline says it's clear that recovery is under way with demand soaring from both leisure and business travellers.

China Evergrande misses 3rd round of bond payments

China Evergrande Group on Tuesday missed its third round of bond payments in three weeks, intensifying market fears over contagion involving other property developers.

China Evergrande Group on Tuesday missed its third round of bond payments in three weeks, intensifying market fears over contagion involving other property developers.

Amazon takes team-centric approach on remote work

Amazon will let individual teams decide how many days per week corporate employees will work in the office.

Amazon will let individual teams decide how many days per week corporate employees will work in the office.

Earnings, inflation concerns send stocks lower

U.S. stocks ended a choppy session lower on Monday as investors grew more nervous ahead of the third-quarter earnings reporting season. Fred Katayama rep

U.S. stocks ended a choppy session lower on Monday as investors grew more nervous ahead of the third-quarter earnings reporting season. Fred Katayama rep

Explained: Carbon pricing and COP26

Many countries have committed to a goal of “net zero” emissions by 2050 to avert the worst of global warming. At United Nations climate conference, COP26, starting in Scotland at the end of October, establishing a global pricing mechanism for carbon

Many countries have committed to a goal of “net zero” emissions by 2050 to avert the worst of global warming. At United Nations climate conference, COP26, starting in Scotland at the end of October, establishing a global pricing mechanism for carbon

JPMorgan's Dimon blasts bitcoin as 'worthless'

Jamie Dimon, JPMorgan Chase & Co chief executive, said on Monday at a conference by the Institute of International Finance that cryptocurrencies will be regulated by governments and that he personally thinks bitcoin is "worthless." This report produc

Jamie Dimon, JPMorgan Chase & Co chief executive, said on Monday at a conference by the Institute of International Finance that cryptocurrencies will be regulated by governments and that he personally thinks bitcoin is "worthless." This report produc

Southwest expects flights to normalize this week

[NFA] Southwest Airlines said on Monday it expects to resume normal service this week after canceling more than 1,900 scheduled flights over the weekend, blaming unfavorable weather and air traffic issues in Florida. This report produced by Jillian K

[NFA] Southwest Airlines said on Monday it expects to resume normal service this week after canceling more than 1,900 scheduled flights over the weekend, blaming unfavorable weather and air traffic issues in Florida. This report produced by Jillian K

Chevron commits to net zero carbon emissions by 2050

Chevron on Monday set a target to cut operational emissions to net zero by 2050, joining a list of energy companies taking steps to reduce their carbon footprint.

Chevron on Monday set a target to cut operational emissions to net zero by 2050, joining a list of energy companies taking steps to reduce their carbon footprint.

Merck seeks US authorisation for Covid-19 tablet

Merck & Co Inc said on Monday it has applied for U.S. emergency use authorisation for its tablet to treat mild-to-moderate patients of Covid-19, putting it on course to become the first oral antiviral medication for the disease. This report produced

Merck & Co Inc said on Monday it has applied for U.S. emergency use authorisation for its tablet to treat mild-to-moderate patients of Covid-19, putting it on course to become the first oral antiviral medication for the disease. This report produced

Evergrande misses new payment deadline - sources

Ailing property developer China Evergrande has missed the deadline for payments on an offshore bond, according to Reuters sources, and now debt issued by rival firms is taking a hammering as jitters mount.

Ailing property developer China Evergrande has missed the deadline for payments on an offshore bond, according to Reuters sources, and now debt issued by rival firms is taking a hammering as jitters mount.

Oil prices surge, adding to global energy crunch

Oil prices surged again on Monday, following big gains last week and adding to a global energy crunch.

Oil prices surged again on Monday, following big gains last week and adding to a global energy crunch.

Chinese state media wants gaming loopholes closed

The Chinese Communist Party's official newspaper, the People's Daily, said minors have been buying or renting accounts to skirt new rules limiting video game time for children, and gaming platforms should do more to stop them.

The Chinese Communist Party's official newspaper, the People's Daily, said minors have been buying or renting accounts to skirt new rules limiting video game time for children, and gaming platforms should do more to stop them.

Samsung Q3 profit surges on rising chip prices

South Korean tech giant Samsung said its current quarter results have surged 28%, the highest in three years due to rising prices of semiconductors and solid results from its display unit.

South Korean tech giant Samsung said its current quarter results have surged 28%, the highest in three years due to rising prices of semiconductors and solid results from its display unit.

Evergrande woes hit China property bonds

Chinese property developers' bonds and shares slumped on Friday with few clues as to how local regulators propose to contain the contagion from cash-strapped China Evergrande Group that faces nearly $150 million in offshore payment obligations next w

Chinese property developers' bonds and shares slumped on Friday with few clues as to how local regulators propose to contain the contagion from cash-strapped China Evergrande Group that faces nearly $150 million in offshore payment obligations next w

Senate agrees on two-month debt limit increase

The U.S. Senate on Thursday took a step toward passing a $480 billion increase in Treasury Department borrowing authority, a move that would avert a catastrophic debt default later this month but set up another partisan showdown in early December. Th

The U.S. Senate on Thursday took a step toward passing a $480 billion increase in Treasury Department borrowing authority, a move that would avert a catastrophic debt default later this month but set up another partisan showdown in early December. Th

Jobs rebound lifts expectation for Fed tapering

U.S. hiring probably accelerated last month, a range of high-frequency indicators suggests, as the effects of the latest COVID-19 surge began to subside, but even a second straight weak employment report would be unlikely to derail the Federal Reserv

U.S. hiring probably accelerated last month, a range of high-frequency indicators suggests, as the effects of the latest COVID-19 surge began to subside, but even a second straight weak employment report would be unlikely to derail the Federal Reserv

Pfizer seeks approval for Covid vaccine for kids

Pfizer and BioNTech have asked U.S. regulators to approve emergency use of their Covid-19 vaccine for children aged five to 11, and the vaccine could be ready for roll out as early as November, according to the White House. This report produced by Ji

Pfizer and BioNTech have asked U.S. regulators to approve emergency use of their Covid-19 vaccine for children aged five to 11, and the vaccine could be ready for roll out as early as November, according to the White House. This report produced by Ji

Levi’s sales jump as people refresh their wardrobes

Levi Strauss on Wednesday beat third-quarter revenue and profit estimates, boosted by an uptick in demand for jeans from people refreshing their wardrobes amid the easing of pandemic restrictions.

Levi Strauss on Wednesday beat third-quarter revenue and profit estimates, boosted by an uptick in demand for jeans from people refreshing their wardrobes amid the easing of pandemic restrictions.

Google to invest $1 billion in Africa

Google plans to invest $1 billion in Africa over the next five years to ensure access to fast and cheaper internet and will back startups to support the continent's digital transformation. Ciara Lee reports

Google plans to invest $1 billion in Africa over the next five years to ensure access to fast and cheaper internet and will back startups to support the continent's digital transformation. Ciara Lee reports

Moderna to build vaccine plant in Africa

Moderna plans to invest about $500 million to build a factory in Africa to make up to 500 million doses of mRNA vaccines each year, including its COVID-19 shot, as pressure grows on the pharmaceutical industry to manufacture drugs on the continent.

Moderna plans to invest about $500 million to build a factory in Africa to make up to 500 million doses of mRNA vaccines each year, including its COVID-19 shot, as pressure grows on the pharmaceutical industry to manufacture drugs on the continent.

Newcastle United close to Saudi takeover

English Premier League team Newcastle United looks set to be taken over by a Saudi investment fund tied to the country's Crown Prince, Mohammed bin Salman.

English Premier League team Newcastle United looks set to be taken over by a Saudi investment fund tied to the country's Crown Prince, Mohammed bin Salman.

Nestle brings vegan shrimp to plant-based market

Nestle is launching plant-based substitutes for egg and shrimp that closely mirror the taste, nutrition and performance of the originals, extending its range in the fast growing vegan market.

Nestle is launching plant-based substitutes for egg and shrimp that closely mirror the taste, nutrition and performance of the originals, extending its range in the fast growing vegan market.

UK scraps action against Ryanair, British Airways

Britain's competition regulator has scrapped its action against Ryanair and British Airways over their failure to offer refunds to passengers prevented from flying by COVID-19 restrictions, saying the legal position was unclear. Ciara Lee reports

Britain's competition regulator has scrapped its action against Ryanair and British Airways over their failure to offer refunds to passengers prevented from flying by COVID-19 restrictions, saying the legal position was unclear. Ciara Lee reports

Clogged shipping ports threaten holiday sales

The ripple effect of parts shortages and displaced workers due to the health crisis has created a logjam at U.S. ports, making it difficult for retailers to stock shelves ahead of the all-important holiday season. Lisa Bernhard produced this report.

The ripple effect of parts shortages and displaced workers due to the health crisis has created a logjam at U.S. ports, making it difficult for retailers to stock shelves ahead of the all-important holiday season. Lisa Bernhard produced this report.

GM aims to double revenues, overtake Tesla

General Motors has set a goal to double revenues by 2030, and will also roll out new electric vehicles and digital services in a bid to catch up with Tesla.

General Motors has set a goal to double revenues by 2030, and will also roll out new electric vehicles and digital services in a bid to catch up with Tesla.

Senate nears temporary truce in debt-ceiling standoff

The U.S. Senate appeared near to a temporary deal to avert a federal debt default in the next two weeks, after Democrats said on Wednesday they might accept a Republican proposal to defuse the partisan standoff that threatens the broader economy. Thi

The U.S. Senate appeared near to a temporary deal to avert a federal debt default in the next two weeks, after Democrats said on Wednesday they might accept a Republican proposal to defuse the partisan standoff that threatens the broader economy. Thi

Debt-ceiling hopes lift Wall Street

Wall Street ended higher on Wednesday as investors grew more optimistic that congressional Democrats and Republicans could reach a deal to avert a government debt default. Conway G. Gittens has more.

Wall Street ended higher on Wednesday as investors grew more optimistic that congressional Democrats and Republicans could reach a deal to avert a government debt default. Conway G. Gittens has more.

Volvo wins its largest ever electric truck order

Volvo Trucks has received an order for 100 electric trucks from shipping firm DFDS, one of the largest orders ever for electric trucks worldwide, the Swedish vehicle maker said on Wednesday (October 6).

Volvo Trucks has received an order for 100 electric trucks from shipping firm DFDS, one of the largest orders ever for electric trucks worldwide, the Swedish vehicle maker said on Wednesday (October 6).

Private hiring beats September expectations

Private employers added more jobs than expected in September as the health crisis started to ease, boosting chances the Federal Reserve could start pulling back on the extraordinary assistance it has provided to prop up the economy. Conway G.

Private employers added more jobs than expected in September as the health crisis started to ease, boosting chances the Federal Reserve could start pulling back on the extraordinary assistance it has provided to prop up the economy. Conway G.

Hybrid office return sparks casual comfy boom

Eighteen months in loungewear while remote working during the pandemic have left professionals all over Europe hankering for fresh wardrobes as they embrace hybrid working.

Eighteen months in loungewear while remote working during the pandemic have left professionals all over Europe hankering for fresh wardrobes as they embrace hybrid working.

Google tries to make traffic lights more efficient with AI

Alphabet Inc's Google cut fuel use and traffic delays by 10% to 20% at four locations in Israel by using artificial intelligence to optimize signal lights and it next plans to test the software in Rio de Janeiro, the company said on Wednesday.

Alphabet Inc's Google cut fuel use and traffic delays by 10% to 20% at four locations in Israel by using artificial intelligence to optimize signal lights and it next plans to test the software in Rio de Janeiro, the company said on Wednesday.

Pinterest launches ad features to drive shopping

Pinterest will roll out new features for brands to promote products and ideas to users, the digital pinboard company said Wednesday, part of an effort to grow online shopping on its site.

Pinterest will roll out new features for brands to promote products and ideas to users, the digital pinboard company said Wednesday, part of an effort to grow online shopping on its site.

Apple to face EU antitrust charge over chip - sources

Apple will be hit with an EU antitrust charge over its NFC chip technology, people familiar with the matter said, a move that puts it at risk of a possible hefty fine and could force it to open its mobile payment system to rivals.

Apple will be hit with an EU antitrust charge over its NFC chip technology, people familiar with the matter said, a move that puts it at risk of a possible hefty fine and could force it to open its mobile payment system to rivals.

AirAsia to restructure huge Airbus jet order

Cash-strapped AirAsia Group says it has reached a deal with Airbus to restructure its mammoth order for 362 planes.

Cash-strapped AirAsia Group says it has reached a deal with Airbus to restructure its mammoth order for 362 planes.

Nvidia offers EU concessions on $54 bln Arm deal

Nvidia has offered concessions to the EU to help win approval for its $54 billion takeover of chip designer Arm.

Nvidia has offered concessions to the EU to help win approval for its $54 billion takeover of chip designer Arm.

Netflix edits 'Squid Game' tel number over pranks

A South Korean woman who was deluged with thousands of prank calls and text messages after her phone number was highlighted as a key plot point in Netflix's hit show "Squid Game" may soon get some relief after producers promised to recut the show to

A South Korean woman who was deluged with thousands of prank calls and text messages after her phone number was highlighted as a key plot point in Netflix's hit show "Squid Game" may soon get some relief after producers promised to recut the show to

Tesco raises outlook, plans share buyback

Tesco, Britain's biggest retailer, raised its full-year outlook as it reported a 16.6% rise in first-half core retail profit and increased sales despite labour and supply chain disruption and tough COVID-19 related comparisons a year ago.

Tesco, Britain's biggest retailer, raised its full-year outlook as it reported a 16.6% rise in first-half core retail profit and increased sales despite labour and supply chain disruption and tough COVID-19 related comparisons a year ago.

Samsung set for best quarterly profit in 3 years

Samsung is expected to post record revenue and its best quarterly profit in three years this week, lifted by strong prices for memory chips and strong sales of its foldable smartphones.

Samsung is expected to post record revenue and its best quarterly profit in three years this week, lifted by strong prices for memory chips and strong sales of its foldable smartphones.

Facebook 'operating in the shadows' -whistleblower

During a Senate Commerce subcommittee hearing on Tuesday, in which U.S. lawmakers pounced on Facebook, whistleblower Frances Haugen called for transparency about how the social media giant entices users to extend their stay on the site, giving them a

During a Senate Commerce subcommittee hearing on Tuesday, in which U.S. lawmakers pounced on Facebook, whistleblower Frances Haugen called for transparency about how the social media giant entices users to extend their stay on the site, giving them a

Without spending, US risks losing its edge -Biden

President Joe Biden made a pitch in Michigan on Tuesday for his huge social spending package which he vowed would help modernize America and benefit the middle class, while lawmakers in his Democratic Party back in Washington wrangled over its price

President Joe Biden made a pitch in Michigan on Tuesday for his huge social spending package which he vowed would help modernize America and benefit the middle class, while lawmakers in his Democratic Party back in Washington wrangled over its price

Senate to vote on debt ceiling, GOP vows to block

President Joe Biden's Democrats planned a Wednesday vote in the Senate to suspend the U.S. debt ceiling, setting up yet another confrontation with Republicans that risks an economically crippling federal credit default. This report produced by Chris

President Joe Biden's Democrats planned a Wednesday vote in the Senate to suspend the U.S. debt ceiling, setting up yet another confrontation with Republicans that risks an economically crippling federal credit default. This report produced by Chris

Big Tech roars on Wall Street

U.S. stocks ended firmly higher on Tuesday powered by big tech stocks like Microsoft and Facebook in a rebound from the beat-down the group took the day before. Conway G. Gittens has the details.

U.S. stocks ended firmly higher on Tuesday powered by big tech stocks like Microsoft and Facebook in a rebound from the beat-down the group took the day before. Conway G. Gittens has the details.

Facebook blames maintenance error for outage

Routine maintenance on Facebook's network caused Monday's collapse of its global system for more than six hours, the company said on Tuesday, in what a competitor said showed Facebook has too much power. Conway G.

Routine maintenance on Facebook's network caused Monday's collapse of its global system for more than six hours, the company said on Tuesday, in what a competitor said showed Facebook has too much power. Conway G.

Rent the Runway's IPO filing shows drop in revenue

Rent the Runway's now public IPO filing reveals a 39% decrease in revenue in 2020.

Rent the Runway's now public IPO filing reveals a 39% decrease in revenue in 2020.

How No Free Coffee made a business out of community

Mario Kristian and his team are building a budding community with their coffee and merch. No Free Coffee’s coffee and merch pop-ups around L.A. have been a hit since they started doing them in October of 2020.

Mario Kristian and his team are building a budding community with their coffee and merch. No Free Coffee’s coffee and merch pop-ups around L.A. have been a hit since they started doing them in October of 2020.

EV batteries: major players and their expansion plans

The global auto industry's shift to electric vehicles (EVs) has spurred an expansion race among battery makers, and caused a growing skills shortage.

The global auto industry's shift to electric vehicles (EVs) has spurred an expansion race among battery makers, and caused a growing skills shortage.

Micro-shift app gets students super-short jobs

An app is helping students pick up super-short work contracts at the touch of a button, and is helping fix a staff shortage crisis in the UK's hospitality sector.

An app is helping students pick up super-short work contracts at the touch of a button, and is helping fix a staff shortage crisis in the UK's hospitality sector.

GM's new research center to cut battery costs

General Motors on Tuesday said it will open a battery cell development center in southeast Michigan to help it drive down the cost and boost the driving range of electric vehicles with lithium ion and solid-state battery cells.

General Motors on Tuesday said it will open a battery cell development center in southeast Michigan to help it drive down the cost and boost the driving range of electric vehicles with lithium ion and solid-state battery cells.

PepsiCo hikes revenue forecast as soda demand jumps

PepsiCo raised its full-year revenue forecast on Tuesday, as the opening of public venues including theaters and restaurants following the lifting of pandemic-induced restrictions boosted demand for its sodas and snacks.

PepsiCo raised its full-year revenue forecast on Tuesday, as the opening of public venues including theaters and restaurants following the lifting of pandemic-induced restrictions boosted demand for its sodas and snacks.

Australia to buy Merck's Covid-19 pill

Australia will buy 300,000 courses of Merck & Co's experimental antiviral pill, Prime Minister Scott Morrison said on Tuesday (October 5), as Victoria logged the highest number of daily COVID-19 infections of any state in the country since the pandem

Australia will buy 300,000 courses of Merck & Co's experimental antiviral pill, Prime Minister Scott Morrison said on Tuesday (October 5), as Victoria logged the highest number of daily COVID-19 infections of any state in the country since the pandem

Tesco: shoppers won't pay to go green

Customers and investors want supermarkets to improve their environmental credentials but are not prepared to accept higher prices or lower returns as a trade-off, the head of Britain's biggest retailer Tesco told the Reuters Impact conference. Ciara

Customers and investors want supermarkets to improve their environmental credentials but are not prepared to accept higher prices or lower returns as a trade-off, the head of Britain's biggest retailer Tesco told the Reuters Impact conference. Ciara

World's top miners pledge net-zero emissions

The world's biggest mining companies have pledged to cut their emissions to net zero by 2050 or sooner, marking a pivotal moment for the industry.

The world's biggest mining companies have pledged to cut their emissions to net zero by 2050 or sooner, marking a pivotal moment for the industry.

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