Category Archives:
U.S. labor costs power ahead in third quarter as wage surge
WASHINGTON (Reuters) - U.S. labor costs increased by the most since 2001 as companies boosted wages and benefits amid a severe worker shortage, suggesting inflation could remain high for sometime. The...
Oct 29, 2021
Russia needs higher interest rates to rein in inflation: Reuters poll
By Andrey Ostroukh MOSCOW (Reuters) - Russia will need to raise interest rates further this year to their highest since 2017 and keep them at that level for several months as inflation shows little si...
Oct 29, 2021
Chinese electric vehicle maker BYD launches $1.8 billion capital raising -term sheet
HONG KONG (Reuters) - Chinese electric vehicle company BYD Co is raising up to $1.8 billion in a capital raising launched on Friday, a term sheet seen by Reuters showed. A price range to sell 50 milli...
Oct 29, 2021
UN’s Guterres says G20 must do more on climate, address mistrust
ROME (Reuters) - United Nations Secretary General Antonio Guterres warned on Friday that the world was "careening towards climate catastrophe" and said leaders of the Group of 20 wealthy nations must ...
Oct 29, 2021
On Europe trip, Taiwan foreign minister calls for collaboration in facing China
By Sarah Wu TAIPEI (Reuters) - Taiwan Foreign Minister Joseph Wu urged "freedom-loving countries" on Friday to work together against China, during a rare trip to Europe that is taking place amid heigh...
Oct 29, 2021
Canadian economy likely flat in September, August GDP up 0.4%
OTTAWA (Reuters) - The Canadian economy was most likely flat in September, following a gain of 0.4% in August, with third quarter annualized GDP likely rising 1.9%, data showed on Friday. As of Septem...
Oct 29, 2021
England’s COVID R number rises to 1.1-1.3
LONDON (Reuters) - England's COVID-19 weekly reproduction "R" number was estimated to have risen to between 1.1 and 1.3, the UK Health Security Agency said on Friday, and the epidemic is estimated to ...
Oct 29, 2021
Alibaba-backed Best to sell China express delivery business in $1.1 billion deal
(Reuters) -Alibaba-backed Best Inc said on Friday it would sell its express delivery business in China to J&T Express Co. Ltd in a deal valued at about 6.8 billion yuan ($1.06 billion), including debt...
Oct 29, 2021
U.S. consumer spending rises solidly in September; inflation stays hot
WASHINGTON (Reuters) - U.S. consumer spending increased solidly in September, but was partly flattered by higher prices as inflation remained hot amid shortages of motor vehicles and other goods in th...
Oct 29, 2021
G20 want 70% of world vaccinated by mid-2022, set up task force for pandemic fight
ROME (Reuters) - Finance and health ministers from the world's 20 biggest economies (G20) said on Friday they wanted 70% of the world's population vaccinated against COVID-19 over the next eight month...
Oct 29, 2021
Peoria, IL, USA
9 °F Snow, Freezing Fog
